Berkeley Mineral Resources, which earlier this year signed a memorandum of understanding with Yunnan Xiangyun Feilong Nonferrous Metal Company, has said that the initial series of tests by Feilong on Berkleley's samples of mine tailings it owns in Kabwe, Zambia, have concluded that the material is processable for lead and zinc using standard Feilong technology. These tests have also shown that the material has processable grades of Indium, Silver, Antimony, Germanium and Copper and as a result Feilong is now proceeding to full assays for all the elements which can be liberated in the Kabwe material.
Providence Resources, the oil and gas explorer working in the North Celtic Sea offshore Ireland, has confirmed that is has now received formal notification from ExxonMobil Exploration and Production Ireland that a letter of intent has been signed with Ocean Rig for the Eirik Raude semi-submersible drilling rig. The rig will drill an exploration well in the Frontier exploration licence 3/04, offshore Ireland, with an estimated programme duration of up to six months. The contract is scheduled to begin in the first quarter of 2013.
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‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?Premiums for whole of life insurance can run to £5,000 a month to cover a £300,000 inheritance tax bill, with policies costing more the older you take them out.
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MPs warn over Lifetime ISAs which could leave savers out of pocketThe Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”
