West Cumbria Mining (WCM)’s plans for a coking coal mine will be reconsidered by the local authority which cited new government guidelines on greenhouse emissions for its decision. CLIMATE CHANGE The company, backed by Australian investment company EMR Capital Resources, hopes to start extracting coking coal in mid-2022 off the Cumbrian coast near Whitehaven. WCM’s […]
Day: 15 November 2024
Block restarts oil production at West Rustavi
Block Energy plc has restarted production from WR-38Z and WR-16aZ wells at West Rustavi oil field in Georgia. TIE BACK Oil and gas flowed through its new in-field flowline to its early production facility (EPF) in the West Rustavi field at the WR-16aZ wellsite. Gas is separated in the EPF from the crude oil before […]
Red Rock quickens to drill stage in Luanshimba
Red Rock Resources plc said it intended to speed up progress towards drilling at its 80% owned copper-cobalt Luanshimba licence in the Democratic Republic of Congo (DRC). The announcement followed further positive results from the ground geophysics programme at the site. The natural resource development company said that the first two phases of the programme […]
Cornish Metals raises £8.2m via placing and subscription
Cornish Metals Inc said it had conditionally raised £8 million through a placing and subscription of common shares with new and existing investors. The Canadian company added that an additional investment of approximately £206,000 was made through an offer to high-net investors. The total amount reached £8.2m (CA$14.37m). Cornish Metals announced last Friday (5 February) […]
Alba tests reveal world class graphite flakes at Amitsoq
Alba Mineral Resources plc announced confirmation of very high graphite ore content, which was among the highest flake deposits in the world, at its drill-ready Amitsoq project in southern Greenland. The company said that results of independent test work programme on graphite material from the site also demonstrated that more than 96% graphite concentrate could […]
Power Metal raises £75,450 via warrant exercise
Power Metal Resources plc received £75,450 following notices to exercise warrants over 8,860,758 new ordinary shares of 0.1 pence each in the company. Exercise of 3,597,600 warrants was at 1.0 pence per ordinary share and 5,263,158 warrants at 0.75 pence per ordinary share. Following admission, the company’s issued share capital will comprise 1,109,337,130 ordinary shares of […]