Tullow Oil plc said it was considering all options for the Espoir field, offshore Côte d’Ivoire. DEVELOPMENT The company holds a 26% working interest in the FPSO development, south west of Abidjan. In a brief statement today Tullow said: “No formal commitments have been made. “In the event this process develops, Tullow will update the […]
Author: editorial
Corcel sells Wowo Gap and disputes Mambare buyout
Corcel plc has sold 100% of its Wowo Gap nickel-cobalt asset and will dispute the buyout of its 41% share in the Mambare nickel-cobalt project, both in Papua New Guinea. MAMBARE In March, Corcel restructured its PNG assets by signing a 50-50 joint venture (JV) deal with Integrated Energy Metals (IEM) to create a new carried vehicle […]
Tungsten West enters nuclear fusion deal
Tungsten West plc has entered into a partnership with Oxford Sigma to explore options of using tungsten from Hemerdon mine in nuclear fusion energy. COMPONENTS The high melting point of tungsten makes it a key material in radiation shielding and plasma-facing components within fusion energy devices. The collaboration will involve securing the source of raw […]
Cadence investee to buy land for Cinovec beneficiation plants
Cadence Minerals plc’s investee company European Metals Holdings Ltd is to buy land for $43.96 million on which to build lithium and ore beneficiation plants for the Cinovec lithium-tin mine in the Czech Republic. DUKLA The project, on the border with Germany, is 100% owned by Geomet s.r.o which in turn is 49% owned by […]
Hummingbird 2022 losses treble from challenges
Hummingbird Resources plc recorded more than a three-fold increase in losses while gold pour fell following issues with its mining contractor at the Yanfolila mine in Mali. FINANCES Full year results for 2022 showed revenue decreased to US$150.5 million (2021: $162.7m) while losses rose to £39.9m (2021: £12.7m). The company sold less gold at 80,445 […]
Clontarf mulls further financing as losses near £4.8m
Clontarf Energy plc said it was considering further financing for its activities as the company’s losses reached £4.8 million from its oil and gas and more recent lithium interests. FINANCES The group has a 60% working interest in the Tano block in Ghana, a memorandum on the Chad Basin, and in 2023 signed a joint […]