Galantas Gold Corporation has announced a proposed private placement of common shares and an increase to its loan facility for Cavanacaw gold mine near Omagh, Northern Ireland. The loan facility is with Ocean Partners UK and the Canadian miner intends to use the net proceeds of the placement to support mine operations and capital. The […]
Tag: UK mining
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 […]
Legal challenge dropped against WCM coal mine plans
A judicial review challenge has been withdrawn against plans for a new £165 million coal mine, mainly in the seabed off Whitehaven in West Cumbria. West Cumbria Mining (WCM) plans to produce “between two and three million tonnes of high quality, specialist, hard metallurgical coal per annum” at Woodhouse Colliery to supply the steel industry […]
Cornish Lithium to extend drilling at United Downs
Cornish Lithium Ltd said it wanted to drill more holes after finding samples of lithium as well as copper and tin at United Down mines in Cornwall. COPPER-TIN OCCURRENCES The company drilled two large holes from which samples tested to reveal micas of lithium from water in the mines. Founder and chief executive Jeremy Wrathall […]
Hargreaves Services to stop coal mining by July
Industrial and property sector company Hargreaves Services plans to stop coal mining by July in accordance with its long-term strategic plan. The Durham-based company will incur an exceptional cost of £3.7million in the year ended 31 May 2020, including employment related liabilities of £1m and accelerated restoration accrual, plant and mining asset depreciation of £2.7m. Net […]