United Oil & Gas plc has acquired the Walton Morant licence in Jamaica on a 100% operated basis, with its initial exploration period extended by 18 months. TARGETS The Jamaican Government approved the move which sees United take Tullow’s 80% equity in the licence for a nominal fee to become the operator and 100% equity […]
News
First aggregates levy register to ensure legality and safety
The first register of businesses and sites registered for aggregates levy has been published to ensure legal compliance and transparency. TRANSPARENCY The Mineral Products Association (MPA), MPA Northern Ireland and MPA Scotland had asked for the register during the recent aggregates levy review to ensure fair and open markets, safety of operations and compliance with […]
Cornish Lithium-GEL £4m plant to receive public funds
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 […]
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 […]