Metals & Minerals News

NAE sells Lochinvar coal licences

New Age Exploration Ltd has sold its Lochinvar coking coal project on the England-Scotland border to Paladar Trading Ltd. STRATEGIC NAE, which last year announced it was in talks for a deal, signed a binding share sale agreement for 100% of the issued capital of its wholly owned subsidiary Lochinvar Coal Ltd. Lochinvar holds contiguous […]

Legal Metals & Minerals News

WCM progresses towards 2024 start of construction

West Cumbria Mining Ltd (WCM) set out further preparations for construction while awaiting the legal challenge against its coking coal mine off the coast of Whitehaven. MINE PLAN Key senior team members have been recruited and key delivery partners selected. The company is progressing detailed design works, including the coal processing plant and key infrastructure. […]

Equipment & Logistics Finance Metals & Minerals News

WCM secures ‘multi-million pound’ deal for Woodhouse

West Cumbria Mining Ltd (WCM) has completed a new “multi-million pound funding package” for Woodhouse Colliery, near Whitehaven. WORKSTREAMS The undisclosed amount will finance the next development phase throughout 2023 and the start of construction in 2024. WCM previously published its backer as Australian investment company EMR Capital Resources. The company said it had also […]

Metals & Minerals News

NAE in talks over proposed deal for Lochinvar

New Age Exploration Ltd (NAE) said it was in several talks on a proposed deal for the Lochinvar coking coal project on the border of Scotland and England. LOCHINVAR The Australian group owns 100% of three contiguous exploration and conditional underground mining licences known as Lochinvar, Lochinvar North and Lochinvar South. A resource of 111 […]

Metals & Minerals News

WCM to start coking coal production in 2025

West Cumbria Mining Ltd (WCM) said it aimed to begin producing coking coal during the first half of 2025 from its deep mine off the coast of Whitehaven. TIMELINE The company, which has published a timeline of its planned programme, has also moved its register inspection address from Surrey closer to its planned operations at Haig […]