Power Metal Resources plc and Red Rock Resources plc are to acquire the historic Berringa gold mine within exploration licence EL5535 in the Victoria gold fields of Australia. BUSINESS STRUCTURE The partners’ joint venture (JV) company Red Rock Australasia Pty Ltd (RRAL) entered an agreement for the acquisition from Balmaine Gold Pty Ltd which is a wholly owned subsidiary […]
Day: 15 November 2024
Anglesey notes strategic investment in Labrador
Anglesey Mining plc said that its Canadian investee company Labrador Iron Mines Holdings Ltd (LIM) announced a US$4 million strategic investment by Scully Royalty Ltd. SCULLY ROYALTY Anglesey Mining holds 19.3 million shares in LIM, which will equate to 11.0% of the company after the issuance of new shares to Scully Royalty Ltd. Scully’s strategic […]
BGS submits report on shale gas extraction to Government
The British Geological Survey (BGS) said it had submitted its report to the Government on the latest scientific evidence around shale gas extraction. CONSIDERATION On 5 April 2022, Secretary of State Kwasi Kwarteng at the Department for Business, Energy & Industrial Strategy Strategy (BEIS) commissioned a review on the any recent developments on shale gas extraction. […]
Neptune joins zero methane emissions initiative
Neptune Energy said it had joined the aiming for zero methane emissions initiative designed to reduce emissions of greenhouse gas to near zero by 2030. TECHNOLOGIES Neptune already has its own target for zero methane emissions by the end of the decade. The Oil and Gas Climate Initiative (OGCI) developed the initiative for the oil […]
Cora Gold submits completed ESIA for Sanankoro
Cora Gold Ltd said it had completed and submitted an environmental and social impact assessment (ESIA) for the company’s flagship Sanankoro gold project in southern Mali. ESIA ESIA work included stakeholder engagement, specialist baseline and impact assessment studies (including biodiversity, water and social studies), an integrated environmental and social management programme, a conceptual closure and […]
United yet to find hydrocarbons from ASV-1X exploration well
United Oil & Gas plc said it had to date found no hydrocarbons from drilling the ASV-1X exploration well in the Abu Sennan joint venture (JV) licence, onshore Egypt. ASV-1X Kuwait Energy Egypt operates the licence in which United holds a 22% working interest. The ASV-1X well was drilled under budget to a total depth […]