Cairn Energy plc plans to change its company name to Capricorn Energy plc from 13 December 2021. INDIA TAX REFUND A company statement said that the move followed an agreement at the time of the Cairn India IPO that the name would ultimately be changed. “Given the recent legislative change in India and our participation […]
Day: 15 November 2024
Cornish Metals intersects further high grade metals at United Downs
Cornish Metals Inc. announced further high grade tin-copper-silver-zinc intersections from its diamond drill programme at United Downs, Cornwall. DRILL PROGRAMME The assay results are from holes, UD21-006 and UD21-008, which are part of the continuing drill programme, with reported intercepts being drilled lengths. Chief executive Richard Williams said that the results continued to demonstrate the presence […]
Altus intersects high grades at Diba gold project
Altus Strategies plc said it had intersected high grades from diamond drilling at the company’s 100% owned Diba gold project in western Mali. INTERSECTIONS Diba hosts a shallow-dipping, near-surface gold deposit and a number of other prospective targets. Intersections (down-the-hole and not true widths) include: 21.9 g/t Au over 10.2m from 28m (including 72.2 g/t […]
Cairn uses new scheme for $1.06bn tax refund from India
Cairn Energy plc said it would start filing documents under a new scheme for the refund of US$1.06bn taxes from the Indian government. LEGISLATION The company added it had entered into undertakings with the government to participate in the scheme introduced by recent Indian legislation, the Taxation Laws (Amendment) Bill 2021. This allows the refund […]
Cornish Tin appoints Clive Newall as chairman
Cornish Tin Ltd has appointed Clive Newall as non-executive chairman of the board with effect from 1 November 2021. Mr Newall has worked in mining and exploration having spent the past 25 years in the leadership team of First Quantum. He co-founded the company and has been its president and a director. Mr Newall is […]
Power Metal raises £10,500 through warrant exercise
Power Metal Resources plc raised £10,500 after receiving a notice to exercise warrants over 1,500,000 new ordinary shares of 0.1 pence each in the company. The warrant shares are being issued pursuant to the exercise of 1,500,000 warrants at an exercise price of 0.7 pence per ordinary share of 0.1 pence each.