Anglesey Mining plc said its environmental impact assessment (EIA) scoping report for Parys Mountain recently received consent, with recommendations for further work. LICENCE The North Wales Minerals and Waste Planning Service, on behalf of Anglesey County Council broadly agreed with aspects such as ecology and biodiversity, visual impact, air quality, noise and vibration, labour and […]
Month: January 2025
Alba exercises Finnsbo rare earth option
Alba Mineral Resources plc has exercised the earn-in option to acquire the Finnsbo rare earth project in eastern Bergslagen in Uppland, eastern Sweden. INTEREST The completed transaction involves payment to the project owners of £7,500 in cash and £7,500 in 30,512,612 Alba shares. Following admission the company will have 10,941,721,949 ordinary shares in issue, with […]
CMR to expand Morocco trading arm
Critical Mineral Resources plc aims to expand its Morocco joint venture trading arm from low-risk, short-term deals to multiple small mines with “good tonnage and high-grade products”. RURAL The company will also widen its target range of metals and include potentially industrial minerals. CMR has started discussions with “a number of potential providers” for additional […]
Serica production hit by longer delay
Serica Energy plc’s 2024 production fell slightly below the expected decrease due to longer delays following problems with the Triton FPSO vessel. COMPRESSORS The annual average totalled 34,600 boepd, less than December’s forecast of 35,000 to 36,000 boepd. The company said that a subsea intervention last year on the Bruce platform to ensure “enhanced production […]
Union Jack-Reach spud Moccasin 1-13 well
Union Jack Oil plc joint venture partner has spud the Moccasin 1-13 well, located in Pottawatomie County, Oklahoma, USA. ZONES Operator Reach Oil and Gas Company Inc will drill the well, the partnership’s fourth, to a target depth of 5,500 feet. Union Jack, with a 45% working interest, said it had already met its costs […]
Beacon becomes cash shell after assets sale
Beacon Energy plc today became an AIM Rule 15 cash shell after creditors sold certain assets belonging to its German subsidiary to a third party, signalling the start of its liquidation. TRADING Rhein Petroleum GmbH had debts of €7.5 million following a poor show at the Erfelden field in Hessen and lack of “very significant […]