Anglesey Mining plc announced a projected production of 2 million tonnes iron ore per annum at its Canadian interest. The company holds a 12% interest Labrador Iron Mines Holdings Ltd (LIMH) which has released the details of a preliminary economic assessment (PEA) on its 52% owned Houston project. LIMH holds direct shipping iron ore deposits […]
Tag: extractive industries
Cairn to sell Catcher-Kraken interests
Cairn Energy plc has agreed to sell its North Sea interests in the Catcher and Kraken fields for US$460 million to Norwegian company Waldorf Production Ltd. GOALS The agreement includes additional contingent consideration dependent on oil prices from 2021 to the end of 2025. The sale, subject to shareholder approval, involves Cairn’s interest of 20% […]
Altus identifies high priority gold targets in Eastern Desert, Egypt
Altus Strategies plc said it had identified numerous high priority gold targets from remote sensing across its four projects covering 1,565 km2 in the Eastern Desert of Egypt. WORKINGS Altus conducted systematic remote sensing across the projects and found major historical gold mining camps, including the Bakriyah mining district. More than 100 potential hard rock […]
Condor Gold finds additional vein at La India starter pit
Condor Gold plc confirmed a wide zone of high-grade ore from the main vein as well as an additional vein from initial results at the Northern starter pit at La India gold project, Nicaragua. The news comes as the junior miner completed the first 26 drill holes for a combined 1,296 metres of diamond drill […]
Rockhopper extends licences in North Falkland Basin
Rockhopper Exploration plc announced it had extended its North Falkland Basin petroleum licences, including the Sea Lion Discovery Area, until 1 November 2022. DISCUSSIONS The company’s licences had been due to expire on 1 May 2021. The extension follows discussions between the hydrocarbon exploration and production company and joint venture partners, Harbour Energy and the […]
Cadence’s partner targets $100.7m for Yangibana
Cadence Minerals plc said that its joint venture partner had received commitments to raise $100.7 million for the Yangibana rare earth project in the Gascoyne region of Western Australia. PRODUCTION Hastings Technology Metals owns 70% and Cadence holds 30% of three mining leases and six exploration licences which form part of the project. Cadence has […]