The moratorium on hydraulic fracturing in England will remain in place, the new prime minister said today. FIRST BAN The Government first introduced the ban in November 2019 following reported earthquakes at Cuadrilla Resources’s shale gas extraction site in Preston, Lancashire. In April 2022 the Government ordered a scientific review on whether the extraction of […]
Tag: extractive industries
Power Metal identifies EM superconductor at Molopo
Power Metal Resources plc has identified a geophysical electromagnetic (EM) superconductor at its Molopo Farms Complex nickel-copper-platinum group elements project in Botswana. TARGET AREA T1-14 The identification at target area T1-14, which is now upgraded to priority status, will be diamond drilled in the coming weeks. Power Metal added that it was the strongest moving […]
Tullow Oil appoints Martin Greenslade as senior independent NED
Tullow Oil plc has appointed non-executive director (NED) Martin Greenslade as senior independent NED. He replaces Jeremy Wilson who will retire at the end of November. Mr Greenslade will also be a member of the nominations and remuneration committees. The company has also appointed NED Genevieve Sangudi as a member of the audit committee. Tullow […]
Tullow Oil senior independent NED Jeremy Wilson to retire
Tullow Oil plc senior non-executive director Jeremy Wilson will retire after completing nine years on the board. He has also stepped down from the nominations, remuneration and audit committees. EXPERIENCE Chairman Phuthuma Nhleko said that Mr Wilson had been a source of great counsel for him since becoming chairman. “I also know that my […]
Cora granted Sanankoro environmental permit
Cora Gold Ltd has been awarded an environmental permit for its flagship Sanankoro gold project in southern Mali. YANFOLILA The grant follows the completion and submission in July 2022 of the environmental and social impact assessment (ESIA) for the project. Located in the Yanfolila gold belt, Sanankoro comprises five contiguous permits of Bokoro II, Bokoro Est, […]
Corcel raises £200,000 via placing to NPC
Corcel plc has raised £200,000 gross from issuing 50,000,000 new ordinary shares of £0.0001 each at £0.004 to its proposed joint venture partner Shangdong New Power COSMO AM&T (NPC). BOARD The company has also issued one warrant for every one share exerciseable at £0.005 at any time over the next year. On admission, Corcel’s total issued share capital will comprise 580,208,295 ordinary […]