Angus Energy plc hopes to raise £12 million, with support from its 49% partner Saltfleetby Energy, to redevelop Saltfleetby gas field in Lincolnshire. The hydrocarbon company announced yesterday (23 September) that it had raised £1 million from placing 111,111,105 new ordinary shares at 0.9 pence per share. This will form part of a working capital […]
Tag: extractive industries
WCM expects £302m revenues from coal mine
West Cumbria Mining (WCM) predicts its new underground mine at Whitehaven will generate £302 million in revenue from national and international sales of coking coal. FINANCES WCM said that its proposed Woodhead Colliery, described as a 21st century mine, would contribute £16 billion to UK GDP and £300 million in tax over a period of […]
Power Metal signs 50% Botswana SJV with Kavango
Power Metal Resources plc has acquired a 50% interest in a 2,680 km2 strategic joint venture (SJV) portfolio of base and strategic metal project in Botswana. The acquisition involves four Botswana prospecting licences previously 100% owned by Kavango Resources, and forms a new SJV between the companies. Two prospecting licences for copper–silver cover 1,294.2km2 in […]
Alba finds new gold targets at Clogau-St David’s
Alba Mineral Resources plc aims to extend drilling after it identified ten separate gold targets and several new regional targets at Clogau-St David’s gold mine in North Wales. The junior miner has rehabilitated the mine in Dolgellau and is looking for extensions to previously worked gold veins. The mine has never been subjected to modern […]
WCM aims to employ more than 500
West Cumbria Mining (WCM) is assessing local contractors and businesses to support its plan for a high quality metallurgical coal, near Whitehaven in West Cumbria. The company aims to employ 510 full-time skilled and semi-skilled employees who will constitute up to 80% of the workforce within 20 miles of the mine. A total of 170 […]
Power Metal exercises earn-in option to Silver Peak
Power Metal Resources has exercised its option to earn-in to the Silver Peak project in southern British Columbia, Canada. Following positive due diligence at the Eureka-Victoria silver mine, the company will now be able to earn-in to a 30% interest in the project, with an additional C$225,000 committed for ground exploration. A technical review is […]