Chesterfield Resources plc reported that its cash position trebled last year while pre-tax losses rose for its copper-gold-zinc-silver assets in Cyprus. In its annual report and financial statement for the year ended 31 December 2020, the group reported cash of £2,438,856 (2019: £748,596) with pre-tax losses of £871,261 (£536,121). In June 2020, the group added […]
Month: November 2024
VOG gas sales rise as well design progresses at Matanda
Victoria Oil & Gas plc (VOG) announced stable sales of natural gas as the company’s wholly owned subsidiary Gaz du Cameroun (GDC) continues with plans for new wells at Matanda. LOGBABA FIELD In VOG’s Q4 2021 report, GDC’s operations in the port city of Douala had a sales rate of 5.2 MMscf/d (Q4 2020: 5.1 MMscf/d) […]
Scotgold offers £2m director loan as losses rise at Cononish
Scotgold Resources Ltd said that some of its directors will provide a short-term loan of up to £2 million as the group reported mounting losses at Cononish, near Tyndrum in Scotland. Scotgold also announced that the mine’s processing plant had operated throughout April 2021, and that the first shipment of concentrate product was expected during […]
Altona to acquire 70% Monte Muambe
Altona Rare Earths plc plans to acquire the Monte Muambe rare earths project in Tete Province, northwestern Mozambique. EXPLORATION In March 2021, the company signed a Memorandum of Understanding with Ussokoti Investimentos Limitada, before beginning due diligence. Altona today said it had instructed its UK legal counsel to prepare the final contract to start the […]
JOG shapes its 21st century role with carbon policy
Jersey Oil & Gas plc (JOG) has introduced a carbon policy for operations in its licence areas in the UK North Sea. GREENHOUSE GAS PROTOCOL The company said that a sustainable and lower-carbon energy future was central to its oil and gas operations and management. JOG is targeting net zero emissions from its Greater Buchan […]
Red Rock-Power Metal awarded more licences
Red Rock Australasia Pty Ltd has been granted two further gold exploration licences near the historic mining centre of Ballarat in the Victoria gold fields of Australia. OLD MINES The joint venture comprises Red Rock Resources plc holding a 50.1% interest and Power Metal Resources with 49.9%. Power Metal chief executive Paul Johnson and chairman […]