Finance Metals & Minerals News

Anglesey raises £220,000 via direct subscription

Anglesey Mining plc has raised £220,000 via a direct subscription of 22 million ordinary shares at a price of 1 pence per share. USES Following admission, the total number of ordinary shares in the capital of the company in issue will be 483,593,017, with voting rights. Net proceeds will go towards developing Parys Mountain in […]

Finance Metals & Minerals News

Anglesey Mining raises £415,000

Anglesey Mining plc has raised £415,000 via a placing of 32.5 million ordinary shares with certain institutional and other investors and a subscription of 9m ordinary shares, all at 1 pence per share. Net proceeds will go towards developmental work at Parys Mountain, advancing development options at Grängesberg iron ore mine, debt repayment and general […]

Finance Metals & Minerals News

Anglesey PFS shows Grängesberg potential

Anglesey Mining plc said that the Grängesberg iron ore project in Sweden could resume mining as one of Europe’s largest individual producers of iron ore concentrates. PRODUCTION Micon International’s revised pre-feasibility study shows post-tax net present value (NPV) of US$688 million, based on 2.3 – 2.5Mtpa of iron ore concentrate production grading 70% Fe. Post tax […]

Metals & Minerals News

Anglesey progresses Parys-Grängesberg

Anglesey Mining plc announced progress at its Parys Mountain base and precious metals project on the Isle of Anglesey and Grängesberg iron ore interest in Sweden. PARYS MOUNTAIN The company said it expected to complete infill drilling over the next week at Parys Mountain, which hosts a polymetallic zinc, copper, lead, silver and gold deposit. […]

Metals & Minerals News

Anglesey starts PFS for Grängesberg

Anglesey Mining plc said that a pre-feasibility study (PFS) had started at its iron ore project in Grängesberg, Sweden. HISTORY The company holds an almost 20% interest and management rights to the project, together with a right of first refusal to increase its interest by a further 50.1%.  During the life of the original operation, […]