West Cumbria Mining Ltd (WCM) has received approval to develop the United Kingdom’s first deep coal mine in 30 years near Whitehaven off the coast of Cumbria. NET ZERO Secretary of state for levelling up, housing and communities Michael Gove granted his consent in a 419-page letter published on the night of 7 December. “The […]
Day: 15 November 2024
Horizonte draws down first tranche of $346.2m debt for Araguaia
Horizonte Minerals plc said it had drawn down the first tranche of the US$346.2 million senior debt facilities for its 100%-owned Araguaia nickel project in Brazil. CONDITIONS The move follows the company satisfying all conditions precedent and also unlocks the balance of the funding to complete construction and commissioning of the project. Horizonte company has […]
Angus issues 500,000 ordinary shares on exercise notices
Angus Energy plc has issued 500,000 ordinary shares of £0.002 each in the company after receiving exercise notices. The exercise price is of 1.2, 1.35 and 1.5 pence per share. The company has 41,891,372 warrants over ordinary shares outstanding. On admission, Angus will have 2,939,270,014* ordinary shares in issue, each with one vote. The company […]
Borders’ Falkland licences extended two years
Borders & Southern Petroleum plc has been granted a two-year extension for its production licences, including the Darwin gas condensate discovery area, offshore the Falkland Islands. APPLICATION Licences PL018, PL019 and PL020, due to expire on the 31 December 2022, are now valid until 31 December 2024. The Falkland Islands Government approved the company’s application […]
Tullow Oil appoints Richard Miller as chief financial officer
Tullow Oil plc has appointed Richard Miller as chief financial officer (CFO) and an executive director, effective 1 January 2023. Mr Miller, who has been interim CFO since April 2022 and is also group financial controller, has worked for Tullow for more than 11 years. During that time, he led the company’s finance team, supporting […]