Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Alba Mineral Resources PLC - mineral exploration and development company with assets in Greenland and the UK - Confirms production of 21 grammes per tonne gold concentrate at the Clogau-St David's gold mine in Wales after restarting surface drilling. Has sent the bulk sample that produced the gold concentrate to be processed at its pilot processing plant, which will continue throughout the first quarter of 2021.
Alba Mineral Resources PLC - mineral exploration and development company with assets in Greenland and the UK - Announces the exploration licence for its Limerick base metals project in Ireland has been renewed until May 26, 2022. Says the expenditure conditions attaching to the renewal of the licence require it to incur expenditure of EUR15,732 by May 26, with a further EUR50,000 to be spent by May 26, 2022.
"Our project is situated in the Irish zinc ore field, the location of a number of high-grade zinc-lead deposits. The region has been the site of renewed drilling activity in recent years, and we look forward to renewing our exploration for high-grade zinc on our licence area in the coming months," says Executive Chair George Frangeskides.
Current stock price: 0.49 pence
Year-to-date change: down 11%
By Zoe Wickens; zoewickens@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Oil & Gas PLC on Tuesday said that Honourable Justice Holgate has published a judgement dismissing the challenge to the lawfulness of Surrey County Council granting planning consent at for long-term production at the Horse Hill oil field.
UK Oil & Gas currently holds an 86% interest in the oil field while Alba Mineral Resources, which also noted the judge's decision, holds a 12% stake.
Shares in UK Oil & Gas were up 8.6% at 0.14 pence on Tuesday in London, while Alba Mineral Resources was 5.7% higher at 0.37p.
In mid-November, a legal challenge was presented by the Weald Action Group against the council's decision, claiming that it had failed to assess the indirect greenhouse gas emissions of the development arising from the eventual combustion of any produced oil.
The challenge also claimed that the council's decision did not comply with the governing EU and Town and Country Planning Act environmental impact assessment regulations
The judgement claims that the Surrey County Council acted in lawful accordance with such regulation, and that "their obligation (to assess environmental impacts) does not include the environmental effects of consumers using (in unknown locations unrelated to the development site) an end product which will be made in a separate facility from materials to be supplied from the development being assessed."
In addition, the judge highlighted that if the challenge was successful, it would have had far reaching implication on the need to assess all indirect carbon emissions "generally resulting from the use or consumption of end products emanating from any development" and not just those from an oil production site.
"This is a victory for law and common sense. One can, however, only wonder why a comprehensively unsound claim with a clear political agenda was permitted so many bites at this legal cherry. Justice Holgate made it abundantly clear in his judgement that the courts are not responsible for making political, social, or economic choices," said Chief Executive Stephen Sanderson.
"To our opponents, many of whom fail to see the irony of burning oil to drive to our site to protest, I bring to their attention last week's Energy White Paper, in which indigenous oil and gas is a part of the UK's energy transition to net zero," Sanderson added.
By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.