Power Metal Resources plc and 50-50 strategic joint venture (SJV) partner Kavango Resources plc have started exploration work for copper-silver deposits in South Ghanzi in Botswana. The SJV includes two prospecting licences for copper covering 1,294km2 in the Kalahari Copper Belt. Exploration is now underway and will initially focus on soil sampling and geophysics to […]
Metals & Minerals
Scotgold increases resource inventory ahead of first gold
Scotgold Resources Ltd said it was increasing its resource inventory in and around the Cononish Gold and Silver Mine where it expected first gold by the end of November 2020. Exploration work has focused on extending the soil sampling grid at Cononish as well as extensions to the soil sampling grids over the Beinn Udlaidh […]
Altona to raise £500,000 for Africa REEs
Mining exploration company, Altona Energy plc, is looking to raise up to £500,000 for its new strategic focus on rare earth elements (REEs) in East Africa. The company has signed heads of agreements with two African mining companies, to acquire a majority stake in two REE projects, one in Malawi and the second in Uganda. […]
Power Metal to accelerate JV in Victoria gold fields
Power Metal Resources plc said it would accelerate its gold exploration joint venture Red Rock Australasia Pty Ltd (RRAL) following findings in a new technical report. JOINT VENTURE RRAL is a joint venture company 49.9% owned by Power Metal and 50.1% by Red Rock Resources plc. Power Metal chief executive Paul Johnson, and Red Rock Resources […]
Woodsmith polyhalite project to have deepest mineshaft in Europe
Anglo American expects to start excavating “the deepest mineshaft in Europe” before the end of 2020 at the Woodsmith project polyhalite mine on the North Yorkshire coast. SBR The South African mining giant, which bought the project in January 2020 from Sirius Minerals for £400 million, is currently assembling its first 60-metre Shaft Boring Roadheader […]
WCM expects £302m revenues from coal mine
West Cumbria Mining (WCM) predicts its new underground mine at Whitehaven will generate £302 million in revenue from national and international sales of coking coal. FINANCES WCM said that its proposed Woodhead Colliery, described as a 21st century mine, would contribute £16 billion to UK GDP and £300 million in tax over a period of […]