Altona Rare Earths plc (formerly Altona Energy) has appointed Simon Tucker as non-executive director. Simon Tucker, aged 50, is an international businessman currently chief executive of AIM-listed SRT Marine Systems plc, chairman of Tan Delta Systems Ltd and an investor / shareholder in various other early and mid-stage private companies. He has been a director […]
Tag: extractive industries
Anglesey looks to 2Mt iron ore production at Labrador
Anglesey Mining plc announced a projected production of 2 million tonnes iron ore per annum at its Canadian interest. The company holds a 12% interest Labrador Iron Mines Holdings Ltd (LIMH) which has released the details of a preliminary economic assessment (PEA) on its 52% owned Houston project. LIMH holds direct shipping iron ore deposits […]
Cairn Energy to sell interests in Catcher and Kraken
Cairn Energy plc plans to sell its North Sea interests in Catcher and Kraken fields for US$460 million to Norwegian company Waldorf Production Ltd. POSITION Cairn entered into an agreement that will also include additional contingent consideration dependent principally on oil prices from 2021 to the end of 2025. The sale, subject to shareholder approval, […]
Altus identifies high priority gold targets in Eastern Desert, Egypt
Altus Strategies plc said it had identified numerous high priority gold targets from remote sensing across its four projects covering 1,565 km2 in the Eastern Desert of Egypt. WORKINGS Altus conducted systematic remote sensing across the projects and found major historical gold mining camps, including the Bakriyah mining district. More than 100 potential hard rock […]
Condor Gold finds additional vein at La India starter pit
Condor Gold plc confirmed a wide zone of high-grade ore from the main vein as well as an additional vein from initial results at the Northern starter pit at La India gold project, Nicaragua. The news comes as the junior miner completed the first 26 drill holes for a combined 1,296 metres of diamond drill […]
Rockhopper extends licences in North Falkland Basin
Rockhopper Exploration plc announced it had extended its North Falkland Basin petroleum licences, including the Sea Lion Discovery Area, until 1 November 2022. DISCUSSIONS The company’s licences had been due to expire on 1 May 2021. The extension follows discussions between the hydrocarbon exploration and production company and joint venture partners, Harbour Energy and the […]