A mining company in the UK produces a variety of metals, fossil fuels, and industrial minerals. Because the United Kingdom’s geology is so complex, it is ideal for mining. Companies in the United Kingdom may be a good fit for investors looking to expand their business. This article discusses the different options available to investors, including Rio Tinto, Eurasia Mining PLC, and Asa Resource Group. Listed below are three of the best companies to consider for your mining venture.
A coal mining company in UK
The largest coal mining company in the UK is UK Coal. The company is heavily involved in community work in the counties of Durham, Northumberland, and Cumbria. Jeannie Kielty, who works in the community relations department for the company, says that the industry has a place in the UK’s energy supply chain. While coal production is declining at present, she says there will be a demand for the product in the medium term.
The UK’s Kellingley Colliery is a deep mine located 3.6 miles east of the Ferrybridge power station. UK Coal operates the mine and has more than one million tonnes of coal reserves. The mine employs over 70 people directly and indirectly. The mine covers about 400 acres. During the process of sinking the two shafts, sub-zero brine is pumped through the mines. The company’s workers endure sub-zero temperatures in the mines.
West Cumbria Mining is an ambitious company, looking to build Britain’s first deep mine in 30 years. It plans to extract coking coal from under the Irish Sea. Coking coal is used in the manufacturing of steel, while fuels are not made from it. The company plans to process the coal at a former chemical plant in the town of Whitehaven, 340 miles northwest of London. Ultimately, the company hopes to make a profit, but it will need the support of the government.
Rio Tinto
The Rio Tinto Company was a leading international mining concern that operated in the UK for ninety years from 1873 to 1954. The company is now owned by the Australian mining conglomerate Rio Tinto and was previously known as BP Minerals. The company was founded by Sir Auckland Campbell-Geddes and became one of the world’s largest mining companies. Sir Auckland was responsible for the company’s expansion through joint ventures and the development of new technologies.
Founded in 1873, Rio Tinto is a British-Australian multinational mining corporation with head offices in London and Melbourne. Listed in both the UK and Australia, Rio Tinto is the second largest mining company in the world after BHP. It has 60 mining operations in 36 countries, producing aluminum, iron ore, copper, diamonds, uranium, and zinc. While the company prides itself on providing essential resources, its activities have led to several human rights violations and environmental degradation that have hampered the advancement of humanity.
The Rio Tinto mining company in the UK changed its name to Rio PLC in June 1997. In the same year, the Rio Tinto Group merged with Consolidated Zinc Corporation, making it the world’s largest mining company. In 1995, the combined company reported revenues of $8.4 billion, while RTZ alone reported $4.22 billion in sales. However, the two companies maintained separate identities and stock market listings.
Eurasia Mining PLC
Eurasia Mining PLC is a profitable, small-cap UK-based mineral exploration and production company with subsidiaries in Russia, Kazakhstan, and Canada. The company is focused on developing and exploring precious metal deposits in these countries, including gold, platinum, and palladium. It has two open pit mines in Finland and has recently been awarded a final production permit for a palladium deposit near the borders of Norway and Finland. The company has been fully funded by Sinosteel, a Chinese-based steelmaker.
The company’s CEO, Dmitry Suschov, talks with Andrew Scott at Proactive London about the company’s strategic options. Eurasia Mining has engaged two banks, VTB, an arm of Russia’s VTB Group, and CITIC, owned by China. These banks have agreed to work with the company on a success fee basis, which means that their motivation is tied to the success of the sale.
Cliffs Natural Resources is an AIM-listed company focusing on the production of platinum group metals and other precious metals. The company also has interests in gold mining in Madagascar, Finland, and Mongolia. In addition, Kenmare Resources plc is a mining company with assets in Mozambique and is active in the exploration of titanium. The company also has operations in Papua New Guinea and Zambia.
Asa Resource Group
Asa Resource Group has been hit by a takeover bid, with the firm’s shares now valued at a premium of 65 percent. Its chief executive, Yat Hoi Ning, and finance director, Yim Kwan, remain missing. The UK authorities are to blame for the escalating situation, as they failed to investigate the takeover bid. However, they can no longer block the deal.
The group has four reportable systems in place: diamonds, gold, and nickel. It also has exploration projects in Ghana and Botswana. Asa Diamonds have been in discussions with potential partners to increase its production of precious metal. However, the company still has several unfinished projects in these countries. Asa Resource Group is still in the process of determining the best way to move forward in each of its sectors.
Despite its good performance, ASA’s financial condition is at risk of collapse. Its administrator says that there are links between Ning and Rich Pro Investments, a company owned by the Chinese billionaire Feng Hailiang. Duff & Phelps has reported that Feng Hailiang’s firm loaned Ning a significant amount of money. It also owns a copper project in the DRC next to ASA.
Jubilee Platinum Holdings Limited
The Jubilee Metals Group PLC is a platinum-focused mining company with operations in six countries, including South Africa, Australia, Madagascar, Mauritius, Zambia, and the United Kingdom. In addition to its mining operations in Africa, the company also has assets in the United Kingdom. In addition to the PGM tails produced by its Windsor operation, Jubilee also owns a large amount of other precious metals such as emeralds and gold.
The company’s flagship project, the Middelburg project, is a mine that produces more than two-thirds of the world’s platinum and other platinum group metals. The company is listed on the London Stock Exchange (LSE), and is currently engaged in the exploration, mining, and development of platinum group metals. Its projects include the Great Dyke underground mine, as well as open pit operations.
The company’s portfolio of mineral exploration and development projects includes the Tate project in South Africa. The company recently submitted an application for mining rights in the region and anticipates starting work on a scoping report and environmental impact assessment. In addition to acquiring direct interests in Tjate, Jubilee Platinum Holdings Limited is also considering an investment proposal from a third party. This move is consistent with renewed global interest in new platinum mining projects.
Another UK company is Griffin Mining Limited. This company is also listed on AIM. Its mining projects are in Australia and Papua New Guinea. Several other UK-based mining companies are also listed on AIM. One UK company is Harmony Gold plc. The company has interests in Australia and the Philippines. The company is a leading resource company and has many resources and exploration projects throughout the world.
Metorex Limited
Metorex is a mining company based in Johannesburg, South Africa. The company operates in the Democratic Republic of Congo, Zambia, and elsewhere. The company has recently been acquired by the Jinchuan Group of China, which values it at US$1.1 billion. Despite this, investors have been reassured by Metorex’s ability to meet its obligations, as it has successfully raised capital in the past.
The management of Metorex is led by Gary Gerbrand, who has over 20 years of experience in the mining industry. During his time at Jabiru Metals, he oversaw the acquisition, feasibility study, and construction of the Jaguar mine. Gary currently serves as a Non-Executive Director for several resource-based public companies, including the ASX-listed Finders Resources Ltd. Another member of the management team is Scott, who is a mining engineer with 30 years of experience in the mining industry in Australia, New Zealand, and Canada.
The mining company has been active in the African region for several years, including in Congo, Tanzania, and Zambia. Its assets include iron ore, copper, antimony, fluorspar, and cobalt. Moreover, Metorex Limited has operations in Zambia, Kazakhstan, Canada, and Portugal. And, in the United Kingdom, the company is a 100%-owned subsidiary of Lonmin Mining plc.
