The UK Economy

In the east Mediterranean Sea BP Egypt announced today another important gas discovery in the North Damietta Offshore Concession in the East Nile Delta. The “Atoll-1” deepwater exploration well, currently being drilled using the 6th generation semi-submersible rig “Maersk Discoverer,” has reached 6,400 metres depth and penetrated approximately 50 metres of gas pay in high […]

Operations update Rose Petroleum, the AIM-listed (LSE:ROSE) natural resources company, has provided an operational update on activities within its US onshore oil and gas division which is made up of a 75% working interest in over 250,000 gross acres in the highly prospective Uinta and Paradox Basins in Utah. Highlights: State 1-34 Mancos Well, Uinta […]

Update on Construction of Chilean Wind Power Project Rame has announced the achievement of mechanical completion at its 15MW Raki / Huajache wind project. All five wind turbines are now erected which marks a critical milestone for the project and commissioning has commenced. Raki / Huajache is the most advanced project in Rame’s mature development […]

trategic Co-operation Agreement signed with Desert Gold Ventures Inc. to develop the Kossanto East Gold Project and Farabantourou Gold Permit in Mali towards potential production Alecto Minerals (LSE:ALO), the AIM quoted mineral exploration company focussed on West and East Africa, has signed a co-operation agreement with Desert Gold Ventures Inc. (TSX.V:DAU), a TSX.V quoted mineral […]

PROGRESS UPDATE ON PILOT PLANT WORK AT ARAGUAIA NICKELPROJECT, BRAZIL Horizonte Minerals Plc, (AIM:HZM) (TSX:HZM), the nickel development company, has announced positive results following completion of first stage testing of the Rotary Kiln Electric Furnace Pilot Plant for its 100% owned Araguaia nickel project in Para State, north central Brazil. Highlights: · Completed commissioning of...

Update on flotation plant to increase copper, gold and silver production at Gedabek mine, Azerbaijan Anglo Asian Mining, the AIM listed gold, copper and silver producer focused in Azerbaijan, has provide an update on the development and construction of its small scale flotation plant at the Gedabek gold, copper, silver mine, in western Azerbaijan, aimed […]

The FTSE failed once again to soar about the coveted 7,000 mark. However, it closed at yet another record high again today, finishing at 6,961.14. As Maxwell Smart, the infamously inept spy from the mid-1960s TV program Get Smart, would say, “Missed it by that much!” If you weren’t around in the mid-60’s, ask your […]

Optimisation Study Completed at Yanfolila Gold Project, Mali Hummingbird Resources, the multi-project gold company, has announced the results of its Optimisation Study which highlights the increased size, extended life of mine and robust economics of the Yanfolila Gold Project in Mali and the defined path to production in H1 2016, with construction commencing on time […]

What is going on globally? Europa Oil & Gas, an AIM quoted oil and gas exploration and development company with a combination of producing and exploration assets in Europe, has set out extensivie details relating to ongoing and upcoming activity across its portfolio of projects onshore UK, onshore France and offshore Ireland. Wressle Onshore UK, […]

Includes acquisition of Yanfolila gold project Hummingbird Resources, the multi-project gold company, has announced its unaudited financial results for the six months ended 30 November 2014. Operational Highlights: · Completed acquisition of Yanfolila gold project in Mali from Gold Fields Ltd (‘Gold Fields’) in July 2014 · Drilling results reported at the Yanfolila Project ·...