First Class Metals plc (FCM) has published its inaugural environment, social and governance (ESG) policy statement for its Canadian Schreiber-Hemlo landholding and the Sunbeam project. FIVE PILLARS The 2022 statement comprises five pillars of responsible stewardship, being a strong partner for local communities, an enabler of the energy transition, ensuring safe workplaces and operations, and […]
ESG
NSTA sanctions EnQuest and fines Spirit
EnQuest plc and Spirit Energy Ltd are two of three operators fined a total £265,000 for breaches in operations by the North Sea Transition Authority (NSTA). PENALTIES EnQuest was sanctioned and fined £150,000 for flaring an excess 262 tonnes of gas on the Magnus field between 30 November and 1 December 2021 “despite knowing that […]
Tungsten West spending and losses rise
Tungsten West plc recorded a loss of £5.1 million and increased spending to £6.4m during the first half of 2022 at its Hemerdon tin-tungsten project near Plymouth in Devon. EXPECTATIONS The group’s H1 results for the six months ended 30 September 2022 were marked by the departure of co-founder and chief executive Max Denning and […]
Neptune donates £500,000 to The Childhood Trust
Neptune Energy said it would donate £500,000 to help children living in poverty this winter in London. VULNERABLE CHILDREN Employees of the company, which has its headquarters in the capital, will also volunteer on projects supported by The Childhood Trust as part of the charity’s Christmas appeal. The Trust’s campaign aims to help some 50,000 […]
Flintridge risked lives from rock fall and drowning
Flintridge Resources Ltd was fined £120,000 after pleading guilty to exposing mine workers to risks from rock fall and drowning in Cavanacaw gold mine near Omagh, Northern Ireland. UNSTABLE In mid-November, the Health and Safety Executive Northern Ireland (HSENI) prosecuted the company at Dungannon Crown Court for health and safety failings. “In July 2018, mine […]
Predator directors’ share options-loan raise £1.25m
Predator Oil & Gas Holdings plc’s directors have raised a total £1,256,880 through the exercise of share options and a loan. SHARE OPTIONS The exercise notices are from executive directors Paul Griffiths for 7,855,486 share options and Lonny Baumgardner for 7,855,486 share options issued to them in the company’s unapproved share option schemes between 2018 […]