Tungsten West plc has started small scale production of legacy tin and tungsten from its partially recommissioned mineral processing facility (MPF) at Hemerdon in Devon. LEGACY ASSETS REVENUE The material and a limited amount of residual material remaining in circuit, totalling just over 50 tonnes, was processed in the recommissioned dry section of the MPF’s […]
Day: 11 November 2024
Tungsten West expects to cut jobs by 42%
Tungsten West plc said it expected to reduce its workforce by 42% as part of cost cutting measures at Hemerdon tin-tungsten mine in Devon. SAVINGS The company forecasts redundancies and resignations will meet the targets in its nearly completed cost reduction programme which began in April 2023. “Monthly recurring payroll costs are expected to reduce […]
Baron granted more time for Chuditch decision
Baron Oil plc plc has received a six-month extension for preparations before deciding whether to drill an appraisal well on the TL-SO-19-16 ‘Chuditch’ production sharing contract (PSC), offshore Timor-Leste. EVALUATIONS The new expiry date of 18 December 2023 has been given to the company’s subsidiary and operator SundaGas Banda Unipessoal Lda. A subsequent commitment, on […]
Predator agrees extension to acquire Cory Moruga
Predator Oil & Gas Holdings plc has secured a time extension to complete its acquisition from Challenger Energy Group of the Cory Moruga licence, onshore Trinidad. APPROVAL The first deadline was for on of before 30 May but completion of the transaction is conditional on consent from the country’s Ministry of Energy and Energy Industries. […]
United ASD-3 tests mark second successful 2023 well
United Oil & Gas plc marked its second successful well of 2023 with the ASD-3 well interpreting 12.5 metres of net oil pay across the Abu Roash reservoir targets at Abu Sennan, onshore Egypt. ABU ROASH RESERVOIRS ASD-3 development well was drilled 1.2km northwest of the ASD-2 well and reached total depth of 3,683m on […]
Cadence notes progress at Bynoe-Yangibana
Cadence Minerals plc this week noted the discovery of “very large zones” of lithium anomalism in progress from its two Australian investee companies. BYNOE Results from Evergreeen Lithium Ltd’s geochemical programme at its flagship Bynoe project in the Northern Territory showed anomalies “up to several kilometres long”. Included are anomalies in the geochemical pathfinder elements […]