Tertiary Minerals plc said that a new drill rig and variable ground conditions had made progress a little slower than expected at its Konkola West copper project in Zambia. Operator Kobold Metals Company began drilling the first hole KWDD001 during April and reached a depth of 1,023 metres by 21 May. The hole has now […]
Day: 17 September 2024
Rockhopper receives initial €19m over Ombrina Mare
Rockhopper Exploration plc said it had received €19 million of the €45m tranche I payment of the Ombrina Mare arbitration award. CASH BALANCE The balance of €26m goes to the original arbitration funder, while tranches II and III remain payable to Rockhopper upon a successful annulment outcome. The company’s legal representatives will receive success fees of […]
UKOG to comply with ‘perplexing’ Horse Hill ruling
UK Oil & Gas plc will submit a new plan or amend its existing one for Horse Hill oil production after yesterday’s ruling that end-use burning emissions must be included in the application. REGULATIONS The legal challenge was brought by Sarah Finch on behalf of the Weald Action Group (Finch et al) to Surrey County […]