Scotgold Resources Ltd reported the second cut, allowing access to reserve mine gold grade and greater future revenues, at its Cononish gold-silver mine near Tyndrum in Scotland. FINANCES H2 2021 The company reported the news in its interim results for the six months ended 31 December 2021. Revenues were A$6.4 million (£3.6m) compared with H1 […]
ESG
Tungsten West starts replacement tree planting
Tungsten West plc has started replacement tree planting at its tin-tungsten Hemerdon mine in Devon. SPECIES Many of the trees planted over the past seven years have failed to grow above the protective tubes because deer ate the saplings Landscape contractor H2 Environmental has installed 2.5km of deer fencing and YGS Landscaping will plant 448 […]
Neptune plans to exceed net zero targets
Neptune Energy said it planned to exceed net zero targets and store more carbon than it emits by 2030 from its operations in the North Sea. CCS The company is working on two carbon capture and storage (CCS) developments in the Dutch and UK sectors of the North Sea. In a statement Neptune added that […]
Altona prepares for Chambe drilling and ESGs
Altona Rare Earths plc said it had started preparations ahead of drilling in April 2022 at the Chambe project in Malawi. ESGs The company added it was also currently developing its community and environmental relations. Part of this will involve tree planting for which Altona and its local joint venture partner will plant 16,000 saplings, […]
Ascent signs JV for Peru secondary mining and recovery
Ascent Resources plc said it would focus its environment, social and governance (ESG) projects on secondary mining and recovery in Peru. JOINT VENTURE The company has signed a joint venture (JV) agreement with Lima-based investment manager Blanco Safi SAC to identify and develop precious and base metal-rich tailing and processing operations. Founded in 2010, Blanco’s […]
Serica doubles cash on gas price and production rise
Serica Energy plc said it reached 85% production and doubled its cash following high gas prices and the introduction of Rhum R3 well and Columbus field in the North Sea. PRODUCTION In a corporate presentation for the year ended 31 December 2021, the company reported that the Rhum R3 well, put into production in late […]