Anglesey Mining plc said that the Grängesberg iron ore project in Sweden could resume mining as one of Europe’s largest individual producers of iron ore concentrates. PRODUCTION Micon International’s revised pre-feasibility study shows post-tax net present value (NPV) of US$688 million, based on 2.3 – 2.5Mtpa of iron ore concentrate production grading 70% Fe. Post tax […]
Day: 15 November 2024
Horizonte agrees community training for Araguaia
Horizonte Minerals plc has signed an agreement with Brazil’s national industrial training provider to train host communities in skills for the Araguaia nickel project. AGREEMENT The company said that the two-year agreement with Serviço Nacional de Aprendizagem Industrial (SENAI) was a key component of Araguaia’s local content initiative. The partners will train and develop local community […]
Tungsten West targets low cost mine operations
Tungsten West plc said it is to start construction immediately with lower-cost and streamlined production scheduled for H1 2023 at the Hemerdon tin-tungsten mine in Devon. INFLATION The decision follows a three-month technical and commercial re-evaluation of options for restarting production, which lead to a new development plan. The new plan is also in response […]
Tungsten West co-founder and CEO Max Denning leaves
Tungsten West plc said that chief executive officer Max Denning will leave his role and the board with immediate effect. The company added that executive vice-chairman and co-founder Mark Thompson had assumed the responsibilities of CEO. Mr Thompson previously held senior management positions at commodity trader Trafigura and its investment division Galena Asset Management, global […]
Power Metal receives £35,000 via warrant exercise
Power Metal Resources plc received notice to exercise warrants over 4,631,515 new ordinary shares of 0.1 pence each in the company at an exercise price of 0.75p per warrant share, for £34,736. Following admission, Power Metal’s issued share capital will comprise 1,502,733,450 ordinary shares of 0.1p each.