GreenRoc Strategic Materials plc has agreed up to a €5.2 million loan for its Amitsoq graphite mine in south Greenland and a European pilot plant for active anode material (AAM) production, using Amitsoq graphite. RESOURCE The binding secured loan from the Export and Investment Fund of Denmark (EIFO), available to draw down during the first […]
Equipment & Logistics
Helium One allots 1.6bn shares in final CLN
Helium One Global Ltd agreed the final conversion totalling £3,500,000 from investors at 0.218p and the allotment of 1,605,504,587 new ordinary shares, with shareholders’ approval. TVRs The funds went towards the company’s wholly owned helium project in the Southern Rukwa Basin in Tanzania and its 50% working interest in the Galactica-Pegasus project in Colorado, USA. Helium One has […]
Serica further lowers guidance after new setback
Serica Energy plc has again lowered guidance after an “issue with the flare system” on the Triton FPSO temporarily suspended production from 30 September. ROBUST The company said that operator Dana Petroleum had advised that production was “likely to restart shortly”. Rates are expected to be “severely limited until the root cause of the problem […]
Union Jack resumes production at Keddington
Union Jack Oil plc has restarted production at the Keddington joint venture oil field in the East Lyndsey district of Lincolnshire. SALES Operations, expected to resume during late 2024, followed “major site upgrades” during last year and 2025. “The newly installed equipment and facilities are working well and continue to be fine-tuned to optimise production,” […]
Serica nears restart of production from Triton
Serica Energy plc has completed repairs and scheduled maintenance to the Triton floating production storage and offloading vessel ahead of the restart of production, expected shortly. NEW WELLS The vessel had been beset with issues since December 2024, leading to a shutdown. “During the shutdown, extensive repairs to the inert gas marine system were completed, […]
Kavango to process 50t/d gold at Bill’s Luck
Kavango Resources plc has started building a 50 tonne-a-day carbon in pulp (CIP) gold processing plant at the Bill’s Luck gold mine within its Hillside gold project in Zimbabwe. STOCKPILE The move follows the discovery last week of new gold “reefs”, which led the company to expect that the Bill’s Luck gold system is much […]