Metals & Minerals News

WCM urges council to back coal mine

West Cumbria Mining Ltd (WCM) today urged Cumbria County Council to support once more the company’s plans for a metallurgical coal mine off the Cumbrian coast. The company’s comments follow yesterday’s (9 February) announcement by the local authority to return the application to its Development Control and Regulation Committee for redetermination. bit.ly/3tJEzGz The council referred […]

Metals & Minerals News

WCM plans for deep coal mine under fresh scrutiny

West Cumbria Mining (WCM)’s plans for a coking coal mine will be reconsidered by the local authority which cited new government guidelines on greenhouse emissions for its decision. CLIMATE CHANGE The company, backed by Australian investment company EMR Capital Resources, hopes to start extracting coking coal in mid-2022 off the Cumbrian coast near Whitehaven. WCM’s […]

Metals & Minerals News

Red Rock quickens to drill stage in Luanshimba

Red Rock Resources plc said it intended to speed up progress towards drilling at its 80% owned copper-cobalt Luanshimba licence in the Democratic Republic of Congo (DRC). The announcement followed further positive results from the ground geophysics programme at the site. The natural resource development company said that the first two phases of the programme […]

Finance Metals & Minerals News

Cornish Metals raises £8.2m via placing and subscription

Cornish Metals Inc said it had conditionally raised £8 million through a placing and subscription of common shares with new and existing investors. The Canadian company added that an additional investment of approximately £206,000 was made through an offer to high-net investors. The total amount reached £8.2m (CA$14.37m). Cornish Metals announced last Friday (5 February) […]

Metals & Minerals News

Alba tests reveal world class graphite flakes at Amitsoq

Alba Mineral Resources plc announced confirmation of very high graphite ore content, which was among the highest flake deposits in the world, at its drill-ready Amitsoq project in southern Greenland. The company said that results of independent test work programme on graphite material from the site also demonstrated that more than 96% graphite concentrate could […]

Metals & Minerals News

Galantas agrees Omagh gold blasting with PSNI

Galantas Gold Corporation announced its operating subsidiary had reached a formal agreement regarding blasting with the Police Service of Northern Ireland (PSNI) at its Omagh gold mine. The Canadian gold miner, which has a 100% interest in Omagh gold mine, said: “The agreement provides the potential for a materially improved economic arrangement for an expansion […]