West Cumbria Mining Ltd (WCM) set out further preparations for construction while awaiting the legal challenge against its coking coal mine off the coast of Whitehaven. MINE PLAN Key senior team members have been recruited and key delivery partners selected. The company is progressing detailed design works, including the coal processing plant and key infrastructure. […]
Day: 20 December 2024
Helium One reaches £6m via 72% discounted fundraise
Helium One Global Ltd raised £6.1 million through the issue of 2,420,842,500 new ordinary shares, of no par value in the capital of the company, each at a price of 0.25 pence. DIRECTORS’ DEALINGS The oversubscribed fundraise comprised a placing of 2,413,642,500 new ordinary shares, raising £6m, and a direct subscription of 7.2m new ordinary […]
Horizonte advances critical work at Araguaia
Horizonte Minerals plc is focusing on critical work while talks continue on further financing for its Araguaia nickel project in northeast Brazil. CAPITAL During the “slowdown period” the company has advanced the water storage reservoir and the 230kV powerline, both components of rotary kiln electric furnace operations. Horizonte is also minimising the impacts of the […]
Harbour to acquire Wintershall Dea’s assets
Harbour Energy plc has agreed to acquire Wintershall Dea AG’s upstream assets for $11.2 billion. RESERVES The German company’s portfolio includes its upstream assets in Norway, Germany, Denmark, Argentina, Mexico, Egypt, Libya and Algeria as well as Wintershall’s CO2 capture and storage licences in Europe. The transaction, Harbour’s fourth major acquisition, will add 1.1bn boe of 2P […]
Tertiary signs earn-in with KoBold for Konkola West
Tertiary Minerals plc has signed a definitive earn-in with KoBold Metals for the Konkola West copper project in Zambia. JOINT VENTURE The agreement over exploration licence 27067-HQ-LEL is between the company’s 96% owned subsidiary Tertiary Minerals (Zambia) Ltd (TMZ), a subsidiary of KoBold and TMZ’s local partner Mwashia Resources Ltd. Private US-based mineral explorer KoBold […]
Europa appoints Simon Ashby-Rudd as NED
Europa Oil & Gas (Holdings) plc has appointed Simon Ashby-Rudd to the board as independent non-executive director with immediate effect. Mr Ashby-Rudd’s experience in upstream energy includes 30 years in investment banking at large financial institutions including Dresdner Kleinwort Benson, Citigroup and Standard Bank where he was global head of oil & gas. He was […]