Chesterfield Resources plc is considering investing in a “new area of activity” as its optioned partner begins 2,000 metre drilling at the Adeline copper project in Labrador, eastern Canada. EXPLORATION The company, with projects in Cyprus and Canada, last year underwent a change of management, appointed a new executive chairman and began cutting costs. Its […]
Month: December 2024
Tullow Oil appoints Rebecca Wiles as non-executive director
Tullow Oil plc has appointed Rebecca Wiles as an independent non-executive director, effective from 28 June. She replaces Dr Mike Daly who is retiring. Ms Wiles has gained deep technical subsurface and geoscience expertise following a 33-year career at BP. She also has emerging markets experience through her role as vice president of exploration and […]
Golden Metal signs letter of intent for tungsten off-take
Golden Metal Resources plc has signed a non-binding letter of intent for a tungsten concentrate off-take agreement from its Pilot Mountain tungsten project in Nevada. WESTERN SUPPLIES The deal with Global Tungsten & Powders LLC (GTP) of Towanda, Pennsylvania is subject to due diligence and to Golden Metal securing funds to develop the project. GTP develops, manufactures […]
Arkle swings to a loss in a ‘good exploration year’
Arkle Resources plc swung to loss from its activities during 2022 but experienced a “good exploration year”. FINANCES The group holds gold, zinc and lithium interests in Ireland and has expanded its interests to a small licence area for lithium in Zimbabwe. Full year results ended December 2022 show a loss of €299,214 (2021: profit […]
Capricorn appoints Hesham Mekawi as deputy chairman
Capricorn Energy plc has appointed Hesham Mekawi as non-executive deputy chairman. Appointed as a director in February, Mr Mekawi is an Egyptian national resident in Cairo and long-time former regional president of BP North Africa. His role will be to focus on supporting and working closely with chief executive officer Randy Neely to address the […]
Capricorn cuts costs by $35m
Capricorn Energy plc has reduced general and administrative costs by an initial $35 million as it continues to focus more on its assets in Egypt. DIVESTMENTS Chief executive officer Randy Neely added at today’s general meeting that the company would pursue “further meaningful cost savings.” The cost-cutting measures also extend to Capricorn’s assets outside Egypt, […]