Horizonte Minerals plc said a 12.6% rise in costs along with engineering improvements would see total capital expenditure rise to U$537 million for its Araguaia nickel project in Brazil. INFLATION As at the end of September 2022, overall operations had progressed by 16% and engineering by some 71%. Chief executive Jeremy Martin said that since […]
Author: editorial
Neptune awards $53m contract to CHC
Neptune Energy awarded a $53 million contract to CHC Helicopters to optimise flight schedules and reduce emissions for offshore transport in the Dutch North Sea. AGREEMENT CHC will provide regular transport to and from the 29 offshore platforms in the Netherlands. The contracts are part of a longer term alliance agreement with CHC which will […]
Union Jack increases share in Egdon
Union Jack Oil plc has increased its share to 3.13% in Egdon Resources, the operator of the hydrocarbon joint venture (JV) at Wressle, North Lincolnshire. NET REVENUES The news comes as Union Jack reported net revenues of US$10 million from the JV in PEDL180 and PEDL182 since the restart of production in August 2021. The […]
FCM looks to acquire Sunbeam gold project
First Class Metals plc (FCM) plans to acquire the three claims covering 48km2 of developed gold mines in the Sunbeam project in northwest Ontario, Canada. SUNBEAM The potential purchase from Canadian vendor Nuinsco Resources Ltd lies in Ramsay-Wright township in the Superior Province of the Canadian Shield. The property comprises the Sunbeam mine, which operated […]
Angus NED Cameron Buchanan leaves
Angus Energy plc independent non-executive director (NED) on the board, Cameron Buchanan, has left. Mr Cameron became NED in 2016 and occasionally stepped in as acting chairman. He will be replaced by NED Krzysztof Zielicki.
Predator firm on legal action if FRAM loan remains unresolved
Predator Oil & Gas Holdings plc said it would continue the legal process if issues remain unresolved over a loan for the CO2 enhanced oil recovery (EOR) pilot project at the Inniss-Trinity field, onshore Trinidad. FRAM LOAN In June 2022, the company announced it had started a litigation process over the £591,065 FRAM loan for […]