Galantas Gold Corporation has agreed in principle with its former chief executive’s plans for solar power at the Cavanacaw gold mine in Omagh, County Tyrone. WIN-WIN Shareholder G&F Phelps Ltd, controlled by Roland Phelps, proposes to develop a two-megawatt facility with battery storage. Galantas expects the project to boost significantly power generation on site and […]
ESG
GreenRoc raises £240,000 via placing
GreenRoc Mining plc has raised gross £238,311 by placing 13,239,499 new ordinary shares of 0.1 pence each, at a price of 1.8 pence per placing share, for its Amitsoq graphite project in Greenland. USES The company said that its founder and largest shareholder Alba Mineral Resources plc, an Alba non-executive director and the majority of […]
i3 cuts emissions by 4% at Canada-UK operations
i3 Energy plc’s environment, social and governance 2022 report shows a reduction in emissions alongside expanding operations in Canada and the UK North Sea. ENVIRONMENT The group aims to be net zero by 2050 for scope 1 and 2 emissions, relating to direct greenhouse gas emissions from its owned or controlled sources such as those […]
Cornish Metals opens water treatment plant
Cornish Metals Inc. has commissioned and officially opened the water treatment plant in readiness for the start of dewatering the South Crofty tin mine. RED RIVER A high density sludge bed has built up within the plant and discharge of treated water from the mine into Red River will begin the week beginning 30 October […]
Horizonte stockpiles 138,000t ore at Araguaia
Horizonte Minerals plc had stockpiled 138,000 tonnes of ore averaging 1.92% nickel and spent US$429 million as of 30 September at the Araguaia project in Brazil. COSTS The company said it continued to progress during Q3 with construction at the site and advance financing discussions with its cornerstone shareholders and lenders. Horizonte expects a detailed […]
Hummingbird secures $55m refinancing for Kouroussa
Hummingbird Resources plc has agreed to refinance a portion, totalling US$35 million, of its existing Coris Bank group loan and secured $20m new loans for its West African operations. SUPPORT The refinancing of existing Coris Bank loans will see loan repayments deferred from Q3 2023 to full year 2024. Funds will provide additional cash flow […]