Central Asia Metals plc (CAM) reported group profit before tax fell by 50% from non-cash impairment charge at its Sasa lead-zinc mine in North Macedonia. FINANCES The company’s full year results for the 12 months ended 31 December 2022 for Sasa and its Kounrad copper recovery plant in Kazakhstan showed pre-tax profit of $54.6 million […]
Day: 15 November 2024
PHC continues restoration from Perenco spillage
Poole Harbour Commissioners (PHC) has continued its intensive clean-up and assessment following the leak of 200 barrels of reservoir fluids spilling from a Perenco-operated pipeline in Dorset. OIL SIGHTINGS The leak under Ower Bay on 26 March resulted in more than 100 people involved in PHC’s operations with helicopters, drones, vessels and shore patrols gathering […]
FCM receives full grant payment for North Hemlo exploration
First Class Metals plc (FCM) has received full payment of its 2022-23 Ontario junior exploration grant (OJEP) for work carried out on its flagship North Hemlo property. DISCOVERY OJEP helps junior mining companies finance early stage exploration projects in Ontario. The payment of CA$140,000 of the maximum $200,000 grant to FCM is for the successful […]
Kistos spuds Benriach exploration oil well
Kistos Holdings plc reported progress on its drilling activities offshore United Kingdom and Netherlands. BENRIACH The Benriach exploration well, on block 206/05c (Kistos 25%) West of Shetland has been spudded by the Transocean Barents. Kistos said that operator TotalEnergies E&P UK estimated it was targeting P50 prospective resources of 638 bcf (160 bcf or 28mmboe […]
Predator issues 3m share options to Morocco director
Predator Oil & Gas Holdings plc has issued three million share options to Moyra Scott, drilling manager in Morocco. The award of unallocated share options is under the company’s existing option scheme following her appointment as a director of the group’s subsidiary Predator Gas Ventures Ltd. The options issued on 27 March 2023 are exercisable at […]