Banks Mining has blamed government inaction for 24 possible mining job losses with a further 220 jeopardised because no planning decisions have been made on new mines. Coal has been excavated at Brenkley Lane surface mine near Newcastle and the site restored with landscaping. However Banks has waited more than 18 months for the Government […]
Tag: UKmining
Tungsten West to be one of the biggest producers outside China
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 […]
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 […]
Banks refused plans to extend Bradley coal mine
Banks Group’s application to extend Bradley West Mine in County Durham has been refused by the local council because of its impact on the environment. The company wanted to extend the open cast mine to extract an extra 90,000 tonnes of coal. Banks, which promised to restore the land by August 2021, said the extension […]
Galantas plans fundraise and loan facility increase
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 […]
Dalradian faces public inquiry over £750m mine plans
Dalradian Gold will undergo a public inquiry over its proposals to open a £750 million gold-silver-copper mine in Curraghinalt, County Tyrone. SCRUTINY Backed by investor Orion Resource Partners, the American company aims to extract 3.5m oz of gold deposit, 15,000 tonnes of copper and 850,000 oz of silver deposit from the site. Dalradian applied for […]