A judicial review challenge has been withdrawn against plans for a new £165 million coal mine, mainly in the seabed off Whitehaven in West Cumbria. West Cumbria Mining (WCM) plans to produce “between two and three million tonnes of high quality, specialist, hard metallurgical coal per annum” at Woodhouse Colliery to supply the steel industry […]
Metals & Minerals
Cornish Lithium to extend drilling at United Downs
Cornish Lithium Ltd said it wanted to drill more holes after finding samples of lithium as well as copper and tin at United Down mines in Cornwall. COPPER-TIN OCCURRENCES The company drilled two large holes from which samples tested to reveal micas of lithium from water in the mines. Founder and chief executive Jeremy Wrathall […]
Hargreaves Services to stop coal mining by July
Industrial and property sector company Hargreaves Services plans to stop coal mining by July in accordance with its long-term strategic plan. The Durham-based company will incur an exceptional cost of £3.7million in the year ended 31 May 2020, including employment related liabilities of £1m and accelerated restoration accrual, plant and mining asset depreciation of £2.7m. Net […]
Is the UK ready for the 21st century gold rush?
“A quadrupling in lithium and a doubling in cobalt production will be needed. This is the ‘gold rush’ of the 21st century” – Faraday Institution Feature: Globalisation, once a benchmark for progress, has become a word that signals caution. The pandemic has revealed that weaknesses in the global supply chain results in delays, gluts and […]
Cornish Lithium finds new mineral zone at United Downs
Cornish Lithium has found a new zone of lithium in its first drillhole at United Downs within the historic copper and tin mining district of central Cornwall. STRUCTURES The company discovered more structures than expected after drilling down farther than the planned 800m to 1.1km. Founder and chief executive Jeremy Wrathall, who aims to build […]
Sirius sold for estimated £400m to Anglo American
Sirius Minerals and its polyhalite Woodsmith project in North Yorkshire and Teesside have been sold for an estimated £400m to South African mining giant Anglo American. SHAREHOLDERS Sirius needed £400m to fund the first phase development but received no government support and faced uncertainties over the UK leaving the European Union. Anglo American expressed an […]