Red Rock Resources plc said it had obtained a $2.5 million payment order instructing its joint venture partner in the copper-cobalt licences in Katanga, the Democratic Republic of Congo. VINDICATION The company, with 50.1%, ownership, obtained the order from the Commercial Court in Lubumbashi instructing Vumilia Pendeza SA (VUP) to pay it $2,505,000 as a […]
Tag: metals and minerals
CAML appoints Mike Armitage as NED
Central Asia Metals plc has appointed Dr Mike Armitage to the board as an independent non-executive director effective 10 January 2022. Dr Armitage, who will also join the sustainability committee, has some 35 years’ experience in the mining industry. He spent his early career working underground as a geologist in South Africa before joining […]
Conroy signs JV with Demir for Irish gold licences
Conroy Gold and Natural Resources plc has signed a joint venture (JV) agreement with Turkish miner Demir Export for the licences along the 65km gold trend in the Longford-Down Massif, Ireland. RESOLUTION The move follows a resolution on the agreement passed by Conroy shareholders at an extraordinary meeting held on 22 December 2021. The JV […]
Kavango former CEO Michael Foster to retire
Kavango Resources plc announced that Michael Foster will retire as non-executive director of the company on 31 December 2021. Mr Foster joined the company as chief executive officer prior to its admission to the Official List in 2018. He helped guide Kavango through the IPO process and was instrumental in setting up the company’s operations […]
Tungsten West records £5m losses
Tungsten West plc said its recorded losses of nearly £5 million was in line with expectations for the current stage of the tin-tungsten project at Hemerdon Mine in Devon. FINANCES In its half-year results for the six months ended 30 September 2021, the company’s losses were £4,990,226 (2020: £3,631,500) with administrative expenses of £1,763,573 (2020: […]
Altus acquires gold royalties from Newcrest
Altus Strategies plc has completed the first close of a gold royalty portfolio of interests in Australia and Africa. STRATEGIC JOINT VENTURE The package comprises up to 24 royalties and royalty interests from Newcrest Mining Ltd and certain of its group companies. The acquisition is through a strategic joint venture between Altus and specialist mining […]