Cadence Minerals plc reported the completion of the pre-feasibility study (PFS) for the Amapá iron ore joint venture (JV) project in northeast Brazil. JV STRUCTURE Amapá is one of Cadence’s three investment projects in which it owns 27% of the JV company Pedra Branca Alliance (PBA) along with IndoSino (73%). PBA owns 100% equity of […]
Month: November 2024
Neptune to use offshore wind for North Sea assets
Neptune Energy hopes to extend the life of its producing fields by powering new integrated energy hubs in the UK North Sea with offshore wind-generated electricity. INTEGRATED ENERGY HUBS The company today signed a memorandum of understanding with Ørsted and Goal7 to examine the potential of supplying renewable electricity from Ørsted’s Hornsea offshore windfarm projects […]
Red Rock losses rise from Africa-Australia costs
Red Rock Resources plc reported an increase in losses of more than £1 million from its interests in Africa and Australia. FINANCES The company’s final audited results for the year ended 30 June 2022 showed that it had yet to generate revenue from its operations. Pre-tax loss of £2,800,000 (2021: loss of £1,699,000) was attributed […]
FCM publishes inaugural ESG policy statement
First Class Metals plc (FCM) has published its inaugural environment, social and governance (ESG) policy statement for its Canadian Schreiber-Hemlo landholding and the Sunbeam project. FIVE PILLARS The 2022 statement comprises five pillars of responsible stewardship, being a strong partner for local communities, an enabler of the energy transition, ensuring safe workplaces and operations, and […]
Obituary – executive and Anglesey NED Howard Miller
Mining executive and non-executive director of Anglesey Mining plc Howard Miller died on 22 December after a short illness. Mr Miller had been NED of Anglesey since 2001 and served as lead independent director from 2013 until his death. He began his career as a lawyer in South Africa, rising to senior partner at Johannesburg […]
First Class Metals receives £55,375 from warrant exercise
First Class Metals plc has received £55,375 following notice to exercise warrants over 485,000 ordinary shares in the company. On admission, the company’s issued share capital will consist of 69,518,707 ordinary shares with voting rights.