Ascent Resources plc and its partner American Helium LLC have signed a binding agreement, allowing a third party to access inactive oil and gas wells on their licences in the Paradox Basin in Utah, USA. EXPLORATION The deal with Utah Brine Corporation, a special purpose vehicle set by Australian outfit Neometals Ltd and its US […]
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Ascent JV looks to new cash flows from Utah licences
Ascent Resources plc and its partner could receive additional cash flows ar their existing Paradox Basin oil and gas wells and leases from a second partnership exploring for metals and minerals at the 119,000 acreage in Utah, USA. TERMS The company and American Helium LLC signed a 60-day exclusive option agreement with Neometals Ltd and […]
ICL Boulby polyhalite output rises 10% and sales 49%
ICL Boulby announced a 10% increase in production at its East Cleveland polyhalite mine while sales rose 49% during the third quarter of 2020 compared with the same period last year. The company said the figures for its multi-nutrient mineral polyhalite were new monthly processing records for September and October. General manager and vice president Andrew […]
Sirius sold for estimated £400m to Anglo American
Sirius Minerals and its polyhalite Woodsmith project in North Yorkshire and Teesside have been sold for an estimated £400m to South African mining giant Anglo American. SHAREHOLDERS Sirius needed £400m to fund the first phase development but received no government support and faced uncertainties over the UK leaving the European Union. Anglo American expressed an […]