Industrial and property sector company Hargreaves Services plans to stop coal mining by July in accordance with its long-term strategic plan. The Durham-based company will incur an exceptional cost of £3.7million in the year ended 31 May 2020, including employment related liabilities of £1m and accelerated restoration accrual, plant and mining asset depreciation of £2.7m. Net […]
Tag: extractive industries
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 […]