Neptune Energy has been allowed to increase oil production by up to three times the current limit of 3,700 barrels of oil equivalent per day (boepd) at the Römerberg oil field in the Rhine Valley, southwest Germany. APPLICATION The move follows approval from the Rhineland-Palatinate mining authority to raise the production limit. The decision supports […]
Month: November 2024
Sunrise begins joint tests on Hazen natural pozzolan
Sunrise Resources plc is working with an existing processor of natural pozzolan to mine and test-grind a bulk sample of the company’s Hazen deposit in northern Nevada, USA. HAZEN The Hazen pozzolan project is in Churchill County 20 miles from the town of Fernley and 24 miles from the county town of Fallon. In June […]
Scirocco agrees repayment of Prolific Basins loan
Scirocco Energy plc said it had agreed an amendment to repaying the outstanding $545,000 investment facility with USA-based investor Prolific Basins LLC. RUVUMA CASH The company defaulted on the loan after shareholders defeated two resolutions at the general meeting in early August. Scirocco today said that it would use available cash resources, strengthened by the […]
Condor Gold appoints Jim Mellon as chairman
Condor Gold plc has appointed Jim Mellon as non-executive chairman of the company. Businessman and investor Mr Mellon has been a non-executive director of Condor Gold for several years and is the largest shareholder with a 18.7% holding. The appointment was made on 11 October 2022. Mark Child remains chief executive officer.
GreenRoc Mining in the process of defining a ‘graphite province’ at Amitsoq
GreenRoc Mining plc said it was in the process of defining a graphite province of possible global significance, following confirmation of historic graphite occurrences in four new zones at Amitsoq in Greenland. FIELD EXPLORATION Alongside Phase II drilling, the company conducted a field exploration campaign in July. GreenRoc collected grab samples from across the project […]
Tungsten West remaining capex below forecast
Tungsten West plc said that the estimated remaining capital expenditure of £31.5 million was “significantly below” the previous forecast for restarting production at the Hemerdon tin-tungsten mine in Devon. BUDGET The company added that the figure, which excludes a 20% contingency of £6.3m, is less than that projected when the company paused the project in […]