Red Rock Resources plc announced record production during October at its manganese-iron ore interests in Jupiter Mines Ltd in Northern Cape, South Africa. FINANCES Cash generated from operations at Tshipi Borwa mine during the third quarter was reported at AU$ 42.1m. Average FOB cost of production fell from Q2 to Q3 by approximately 15%. Cash […]
Tag: extractive industries
Hurricane to open debate on Lancaster’s future
Hurricane Energy plc said it planned to discuss with shareholders the funding and development of the Lancaster oil field, West of Shetland. DEVELOPMENT COSTS Ahead of a decision, Hurricane will focus on a new production well in 2021 in the central attic high of the Lancaster field, by re-entering and side-tracking the existing 205/21a-7z well. […]
Power Metal to enter 2021 with £2m and no debts
Power Metal Resources plc said it now had working capital of cash and listed investments exceeding £2 million. The junior metal and mineral miner’s added that half of the amount – more than £1.2 million – had been raised from warrant exercises since August 2020. The money put the company in a “robust financial position” […]
Predator seeks Guercif JV as operations progress
Predator Oil & Gas Holdings plc said it would continue looking for joint venture partners as it progresses with its gas operations in Morocco. MOROCCO The company has interests in Morocco, Trinidad and downstream Ireland. In onshore Morocco, Predator is still discussing a joint venture to finance early development of Guercif gas for the compressed […]
Power Metal finishes second Molopo drill
Power Metal Resources plc said the second of four planned drill holes is now complete at its nickel sulphide-platinum group metals (PGM) joint venture project at Molopo Farms Complex in Botswana. PROGRAMME Kalahari Key Mineral Exploration Pty Ltd has the majority share in the Molopo project. The operator drilled hole KKME 1-6 was drilled to […]
Anglesey narrows losses as it awaits Micon report
Anglesey Mining plc reported it raised £225,000 from the exercise of warrants and managed to narrow losses during the first half of 2020 at its base and precious metals site on Parys Mountain in North Wales. The fundraise follows a private placing in August of £200,000 to reach a total of £425,000. In the company’s […]