Horizonte Minerals plc had stockpiled 138,000 tonnes of ore averaging 1.92% nickel and spent US$429 million as of 30 September at the Araguaia project in Brazil. COSTS The company said it continued to progress during Q3 with construction at the site and advance financing discussions with its cornerstone shareholders and lenders. Horizonte expects a detailed […]
ESG
Hummingbird secures $55m refinancing for Kouroussa
Hummingbird Resources plc has agreed to refinance a portion, totalling US$35 million, of its existing Coris Bank group loan and secured $20m new loans for its West African operations. SUPPORT The refinancing of existing Coris Bank loans will see loan repayments deferred from Q3 2023 to full year 2024. Funds will provide additional cash flow […]
Alba begins emergency dewatering of lower Llechfraith
Alba Mineral Resources plc has begun emergency dewatering after the regulator refused to allow an increase in the abstraction rate within Clogau-St David’s gold mine, north Wales. EXPLORATION The company had applied for a temporary variation to restart pumping at the higher 100m3/day rate after heavy rain during July and August reflooded the lower Llechfraith shaft […]
Condor Gold NED Kate Harcourt retires
Condor Gold plc non-executive director Kate Harcourt has retired and will leave the board with immediate effect. Chief executive officer Mark Child said Ms Harcourt had made a “substantial” contribution over the past eight years, describing her as a “wonderful mentor”. “As a senior environmental and social adviser on the board, her strategic advice and […]
Oil workers ‘lucky to be alive’ after crane collapse
Two oil and gas sub contractors were lucky to be alive after the uncontrolled collapse of a crane on the Fulmer Alpha North Sea oil platform, said the Health and Safety Executive (HSE) today. FAILURES Respol Sinopec Resources UK Ltd was fined £535,000 over the incident on 11 September 2017. Aberdeen Sheriff Court heard that […]
Two thirds construction completed of Araguaia Line I
Horizonte Minerals plc has completed 65% of the overall Araguaia Line I construction programme and 53% of the physical site ahead of first nickel targeted for early next year. PROGRESS Construction off-site of the 126km, 230kV transmission line is well advanced with more than 90% of the pylons erected and 42km of conductor cable installed, […]