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 […]
Tag: coking coal
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. […]
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 […]
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 […]
WCM appoints Ralph Ferguson as director
West Cumbria Mining Ltd has appointed Ralph Ferguson as a director of the company. Companies House recorded the change for the Australian chief financial officer on 13 February 2023. Mr Ferguson is listed as usually a resident of Hong Kong.
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 […]