Galantas Gold Corporation has announced a proposed private placement of common shares and an increase to its loan facility for Cavanacaw gold mine near Omagh, Northern Ireland. The loan facility is with Ocean Partners UK and the Canadian miner intends to use the net proceeds of the placement to support mine operations and capital. The […]
Metals & Minerals
Dalradian faces public inquiry over £750m mine plans
Dalradian Gold will undergo a public inquiry over its proposals to open a £750 million gold-silver-copper mine in Curraghinalt, County Tyrone. SCRUTINY Backed by investor Orion Resource Partners, the American company aims to extract 3.5m oz of gold deposit, 15,000 tonnes of copper and 850,000 oz of silver deposit from the site. Dalradian applied for […]
Nant Helen coal mine licence refused for first time
A licence for the opencast coal mine in the Dulais Valley, Wales has for the first time been refused by the Welsh Government for the first time because of climate change. Celtic Energy, owner of the 850-acre site in Nant Helen, said it was shocked by the decision. The company employs 110 people, with 50 […]
UK coal imports plummet in seven years
Coal consumption has fallen steadily in the UK mainly due to continued low demand from electricity generators operators and the increasing popularity of renewable energy. Figures from the Department for Business, Energy and Industrial Strategy reveal coal imports in 2019 at 6.8 million tonnes were 33% lower compared with 2018, the lowest since before the […]
WCM aims to be major European supplier
Feature: The UK has this year passed two consecutive months, April and May, without using electricity from coal-fuelled plants and instead choosing renewable energy. LICENCES However, coal is still needed to manufacture the steel parts for wind turbines and solar panels. One company, hoping to start the UK’s first deep coal mine in 30 years, […]
Legal challenge dropped against WCM coal mine plans
A judicial review challenge has been withdrawn against plans for a new £165 million coal mine, mainly in the seabed off Whitehaven in West Cumbria.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 […]