Alba Mineral Resources plc has received permission to increase the dewatering rate in the lower Llechfraith workings of its Clogau-St David’s gold mine, north Wales. EXPLORATION Industry regulator Natural Resources Wales approved the company’s application for variations to its existing discharge and abstraction permits. The rates will increase in early January from 100 to 250 […]
Month: December 2024
Star Energy appoints Anthony White as board NED
Star Energy Group plc has appointed Anthony White MBE to the board as an independent non-executive director with immediate effect. Dr White, who joins the audit committee, has more than 35 years’ experience in international power markets and low carbon economy from capital markets analytical and industry strategy roles. He has been involved in developing […]
WCM progresses towards 2024 start of construction
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. […]
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 […]