Tungsten West Ltd will spend £30-40 million on reopening Drakelands / Hemerdon mine in Devon to become one of the biggest producers of tungsten concentrate outside China. The company is currently progressing with feasibility studies on tin-tungsten in the mine, also known as Hemerdon Mine, which is said to have the fourth largest reserves of […]
Tag: extractive industries
Cornish Lithium attracts further shareholder funding
Cornish Lithium (CLi) has raised more than £826,000 from shareholders, allowing it to continue exploration for lithium at United Downs mines in central Cornwall. The company is mining for lithium in geothermal waters and in hard rock, and funds raised will add to the successful drilling programmes that concluded earlier this year. CLi plans further phases […]
Cuadrilla views fracking as still an option in the UK
The future of hydraulic fracturing – fracking – for gas exploration in the UK remains open, said Australian engineering firm AJ Lucas (Lucas). MORATORIUM As of February 2020, Lucas owned 97% of shares in British oil and gas exploration company Cuadrilla Resources operating in Lancashire. In 2019, the Government imposed a moratorium following a report […]
Nant Helen coal mine licence refused for first time
A licence for the opencast coal mine in the Dulais Valley, Wales has for the first time been refused by the Welsh Government for the first time because of climate change. Celtic Energy, owner of the 850-acre site in Nant Helen, said it was shocked by the decision. The company employs 110 people, with 50 […]
UK coal imports plummet in seven years
Coal consumption has fallen steadily in the UK mainly due to continued low demand from electricity generators operators and the increasing popularity of renewable energy. Figures from the Department for Business, Energy and Industrial Strategy reveal coal imports in 2019 at 6.8 million tonnes were 33% lower compared with 2018, the lowest since before the […]
Is the UK ready for the 21st century gold rush?
“A quadrupling in lithium and a doubling in cobalt production will be needed. This is the ‘gold rush’ of the 21st century” – Faraday Institution Feature: Globalisation, once a benchmark for progress, has become a word that signals caution. The pandemic has revealed that weaknesses in the global supply chain results in delays, gluts and […]