Cornish Lithium’s collaboration with Geothermal Engineering Ltd (GEL) will receive government funding for a £4 million geothermal recovery plant near Redruth in Cornwall. INVESTMENT The company said that the project would be Europe’s first geothermal lithium recovery pilot plant at GEL’s United Downs Deep Geothermal project (UDDGP). The Cornwall and Isles of Scilly Local Enterprise […]
Author: editorial
SigmaRoc eyes value creation after strong results
SigmaRoc plc reported an 83% rise in revenue for H1 2020 compared with figures for the same period last year. FINANCES The company’s trading and financial report, released ahead of its interim results, also revealed a 75% increase in cash and cash equivalents. SigmaRoc, which operates in the UK, Channel Islands and the Benelux, recorded […]
UK building products slumped in Q2 as construction halted
Sales of heavy-side building materials, including aggregates, ready-mixed concrete (RMC), asphalt and mortar fell to record lows during the second quarter (Q2) of the year. IMPACT Statistics released by the Mineral Products Association (MPA) show that aggregates sales volumes were 38% lower, RMC 39% and asphalt 28%. The mortar market suffered a sharper fall in […]
Breedon completes acquisition of CEMEX assets
Construction materials group Breedon has completed its acquisition of certainassets and operations from CEMEX UK. The Competition and Markets Authority (CMA) is currently carrying out Phase 1 of its investigation into the acquisition, and have instructed Breedon to hold the assets separate from the company until they have finished. Breedon will operate the assets as […]
Strongbow begins trading under Cornish Metals
Canadian mining company Strongbow, exploring for copper-tin deposits at South Crofty in Cornwall, has started trading under its new name of Cornish Metals. The company is also expanding the drill programme to United Downs following the recent high grade copper-tin discovery. “The renaming to Cornish Metals is a reflection of our dedication to revitalising an […]
Condor Gold to be ‘shovel ready’ by year end
Condor Gold hopes to start using bulldozers by the end of this year to clear the site at La India gold mine in Nicaragua. In an interview with Proactive Investors, Condor’s chief executive Mark Child added that the company had been granted permits for two feeder pits and that he hoped the site would be […]