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 […]
Tag: metals and minerals
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 […]
Power Metal exercises earn-in to Silver Peak
Power Metal Resources has exercised its earn-in option for a 30% interest in the Silver Peak project in southern British Columbia, Canada. PORTFOLIO The project comprises mineral claims over a system of intrusion-related, silver-lead-zinc-copper veins, part of the former working Eureka-Victoria silver mine. Power Metal will commit CA$225,000 to ground exploration. A technical review underway […]
Tungsten West takes market edge with aggregates
Tungsten West has sufficient aggregates to offset tin-tungsten production costs, and has a new resource statement of 332Mt with a projection in excess of a billion at Hemerdon mine in Devon. STELLAR The aggregates find was a surprise that could give the company a “huge advantage” over local competitors because, as a base metals business, […]
Galantas reviews licence options as it narrows losses
Galantas Gold Corporation said it was reviewing its licences and operations as the company released its half year results for Cavanacaw gold mine in Omagh, Northern Ireland. PROJECT OPTIONS In its report, the Canadian miner also said it was looking at options of a sale, joint venture or partnership or other options with third parties […]
Red Rock-Power Metal eye Donnybrook gold field
Red Rock Australasia Pty Ltd (RRAL) joint venture has applied for a fourth licence for a new area in the Victoria gold fields, Australia. KILMORE WEST The JV comprises Red Rock Resources plc holding 50.1% and Power Metal Resources plc with 49.9%. Tenement EL007460, Kilmore West, covers 349 km2 and holds numerous former mine workings […]