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 […]
Tag: UK mining
Galantas Gold narrows losses as revenue falls
Galantas Gold Corporation narrowed its losses by the end of September 2020 compared with the same period in 2019 for its Cavanacaw gold mine in Omagh, County Tyrone. The company also said it was still “actively engaged” in seeking strategic alternatives including reviewing its licences and operations, considering a sale, joint venture, partnership or other […]
Power Metal stops drilling before snows at Silver Peak
Power Metal Resources plc said it had managed to complete six diamond drill holes and collect rock chip samples before the snows fell at its Silver Peak project in British Columbia, Canada. Chief executive Paul Johnson added that the operating conditions were “very challenging”. The local team used “man-portable” equipment after the weather conditions proved […]
Alba Mineral raises £1.2m through shares placing
Alba Mineral Resources plc has raised £1.2 million before expenses through the issue of 320,000,000 new ordinary shares at a price of 0.375 pence per ordinary share. Share warrants will also be issued to each subscriber in the placing, with one warrant for every two shares subscribed for, for a total of 160,000,000 warrants.
Red Rock starts cobalt-copper survey at Luanshimba
Red Rock Resources plc said it had mobilised a geophysics team to its 80% owned Luanshimba licence in the south-east of the Democratic Republic of Congo. The move follows the identification in late 2018 of strong copper and cobalt anomalism in the southern part of the licence by a programme of termite mound sampling. Red […]
Alba secures Dolgellau gold belt exploration rights
Alba Mineral Resources plc announced it has been awarded a six-year exploration licence, renewable by up to four years, to the Gwynfynydd gold mine in Gwynedd, North Wales. The mine is the second largest producer of gold, after Clogau-St David’s gold mine, in the UK’s history. The award means that Alba has now secured the […]