Mobilisation of drilling equipment has started at the Molopo Farms Complex (MFC) in southwest Botswana where Power Metal Resources has nickel sulphide and platinum group metal interests. The company signed a contract with Discovery Drilling Contractors Africa who are expected to commence drilling shortly. The Phase 1 drilling programme is for an initial planned 2,505m […]
Tag: extractive industries
Redmoor tin-tungsten shows rise in potential value
Cornwall Resources Ltd has received a positive updated mining scoping study and financial assessment on its planned tin-tungsten Redmoor project in the south east of Cornwall. MINE LIFE The company, 100% owned by Strategic Minerals, commissioned mining consultants Wardell Armstrong International for the report. Results showed the project now has an initial rate of return […]
WCM confident Government will approve coal mine
West Cumbria Mining (WCM) said it was confident the Government would support its plans for a metallurgical coal mine near Whitehaven after the company received council approval today. The final decision is now awaiting possible referral to the Government after Secretary of State for Housing, Communities and Local Government, Robert Jenrick issued a holding order […]
WCM mine plans might be decided by Government
West Cumbria Mining Ltd (WCM) might have to wait for the Government to authorise its new metallurgical mine off the coast near Whitehaven. DETERMINATION WCM is due to hear from Cumbria County Council tomorrow (2 October) whether it will approve the mine following revised details of the plans. Secretary of state for housing, communities and […]
WCM to invest £148m in employment
West Cumbria Mining (WCM) said it would spend £148 million per annum on its employees, services and supply chain for its metallurgical coal mine near Whitehaven. STATISTICS The plans are awaiting legal agreement and the company expects Cumbria County Council to review updated planning information tomorrow (2 October). Plans for Woodhouse Colliery have faced opposition […]
Block to start Georgia gas sales before year end
Block Energy plc expects to complete its gas sales pipeline this year and start sales from its projects in Georgia. FINANCES Block’s three current licences are West Rustavi (100% working interest), Norio (100%), and Satshenisi (90%). In its interim results for six months ended 30 June 2020, the company reported revenue from oil sales of $313,000 (2019: […]