Hurricane Energy plc has appointed Linda Janice Beal as an independent non-executive director, with immediate effect. Ms Beal will chair the audit and risk committee and become a member of the remuneration committee. Her experience includes being a tax partner at both PwC and Grant Thornton advising international E&P clients. Ms Beal was recently a director […]
Month: November 2024
Cornish Metals holds solid cash ahead of VBR investment
Cornish Metals Inc ended last year with a significant increase in cash despite nearly doubling losses at its copper-tin project in Cornwall. FINANCES The Canadian company published its annual results on the same day it announced that Sir Mick Davis‘s Vision Blue Resources Ltd will be the ‘controlling person’ with the completion of a £40 […]
Horizonte publishes 2021 sustainability report
Horizonte Minerals plc has published its 2021 sustainability report prepared in accordance with the Global Reporting Initiative Standards ‘Core’ option for its nickel operations in Brazil. SAFETY The report is the company’s third and covers issues such as environment, safety, health and communities. Horizonte recorded no lives lost to Covid-19 or from injuries due to […]
UKOG given further two years for Broadford Bridge
UK Oil & Gas plc (UKOG) has been granted a two-year planning extension to its Broadford Bridge-1z Kimmeridge oil discovery in Sussex. PLANS West Sussex County Council this week approved the application for PEDL234 to run until 31 March 2024. “The additional two years will permit any learnings from possible future Kimmeridge drilling at both […]
Altus Strategies to sell 30.1% stake in Alpha 3 SPV
Altus Strategies plc plans to reorganise its Australia portfolio with the sale of a 30.1% interest in Alpha 3 SPV Ltd for $5,267,500 in order to expand its Africa assets. PROCEEDS Alpha 3 is incorporated in the United Arab Emirates and owns a portfolio of 23 mining royalties in Australia, acquired from Newcrest Mining Ltd. […]
Cornish Metals shareholders back VBR control for £40.5m
Cornish Metals Inc said its shareholders had accepted Vision Blue Resources Ltd (VBR) ownership of up to 43% to secure £40.5 million for the South Crofty tin-copper project. RESOLUTIONS The Canadian company added that the Secretary of State had confirmed no action would be taken under the UK National Security and Investment Act 2021 in […]