EnQuest announced it will make 530 redundancies in its North Sea operation to make savings of £241million ($300m) following the slump in demand and in oil prices. The industry’s body Oil and Gas UK has warned that it expected as many as 30,000 job losses across all companies to go as a result of the […]
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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 […]