Power Metal Resources plc said it would accelerate its gold exploration joint venture Red Rock Australasia Pty Ltd (RRAL) following findings in a new technical report. JOINT VENTURE RRAL is a joint venture company 49.9% owned by Power Metal and 50.1% by Red Rock Resources plc. Power Metal chief executive Paul Johnson, and Red Rock Resources […]
Tag: extractive industries
Woodsmith polyhalite project to have deepest mineshaft in Europe
Anglo American expects to start excavating “the deepest mineshaft in Europe” before the end of 2020 at the Woodsmith project polyhalite mine on the North Yorkshire coast. SBR The South African mining giant, which bought the project in January 2020 from Sirius Minerals for £400 million, is currently assembling its first 60-metre Shaft Boring Roadheader […]
Alba raises £1.3m for Wales and Greenland projects
Alba Mineral Resources has raised £1,300,000, before expenses, through the issue of 472,727,272 new ordinary shares at a price of 0.275 pence per ordinary share. The proceeds were raised at a price four times higher than the price of money raised last month. Funding will now go towards Alba’s diversified portfolio including including surface drilling […]
Banks reviews refusal for Highthorn surface coal mine
Banks Mining said it will consider its next steps following the Government’s decision to reject its application for a surface mine in Northumberland. On Tuesday (8 September), Housing, Communities and Local Government Minister, Robert Jenrick, said that the proposed open cast mine near Druridge Bay, Highthorn “would have an adverse impact on landscape character of […]
Banks refused plans for Highthorn surface coal mine
Banks Mining Group has been refused permission for a surface coal mine near Druridge Bay, Highthorn in Northumberland because of the effects on the landscape. Housing, Communities and Local Government Minister, Robert Jenrick said that “the proposed development is not likely to provide national, local or community benefits which clearly outweigh its likely impacts.” Any […]
Scotgold expects first gold pour by end of November
Scotgold Resources Ltd is expected to carry out its first gold pour at its Cononish mine in West Scotland by the end of November, the company announced today. Construction and development activities at the low cost, high grade gold and silver project in the north of the Loch Lomond and Trossachs National Park have been […]