EnQuest plc said full year production would be slightly lower than guidance after Magnus was shut in following an unplanned outage at the Ninian central platform. INVESTMENT The company led a short dive support vessel campaign in early November to inspect and repair the subsea hydraulic system. Production at the field has now returned to […]
Day: 19 December 2024
Kavango drills for large scale potential at Nara
Kavango Resources plc has begun a new phase of drilling to explore the potential for a “large-scale underground gold mine” at its Nara project in Matabeleland, southern Zimbabwe. STRUCTURE Equity Drilling Zimbabwe will drill an initial three holes for 1,500m to test for laterally extensive gold mineralisation across “multiple” mineralised shears, or reefs. Nara contains […]
CMR sets up JV trading arm in Morocco
Critical Mineral Resources plc has agreed a joint venture to trade mined metals and industrial minerals from Morocco. EXPERTISE The 70-30% deal is with “a Moroccan trading company” which has access to sources of mined materials and international customers. Both partners will also “source metal and mineral concentrates and raw ores” before arranging delivery to […]