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MINING FIRM TAKES STAKE IN ENERGY STORAGE SPECIALIST

Listed company Regency Mines has acquired a 50 per cent stake in Weirs Drove Development (WDD), an energy storage specialist with a site in Cambridgeshire. Regency has paid £25,000 in cash for the interest, while current WDD shareholders have subscribed to new shares...

UK investor completes acquisition of Lubu coalfields

A UNITED Kingdom-based investment group, Contango Holdings, has completed acquisition by way of reverse takeover of Consolidation Growth Holdings’ interest in the Lubu coalfield project in Matabeleland North. The holding firm started trading on the London Stock...

What Coal India is planning to boost output

  Coal India Limited (CIL) will engage mine developer cum operators (MDOs) to increase its coal output and reduce import dependency of the dry fuel in the coming years. The Maharatna coal mining behemoth in the process has identified a total of 15 greenfield...

China’s Shandong Gold makes a play for Cardinal

Chinese producer Shandong Gold has made a play for Cardinal Resources with an off-market cash takeover offer for 100 per cent of the target’s shares. Shandong increased its offer in March by 75.5 per cent on Cardinal’s 20-day volume weighted average price ($0.34 per...

GR Engineering to secure $23m Silver Lake contract

The Deflector operation. Image: Silver Lake Resources Silver Lake Resources is set to contract GR Engineering Services at its Deflector gold-copper operations in Western Australia. GR Engineering will be involved in upgrading the flotation tailings leach process at...