Quadrise International, a manufacturer and supplier of emulsion fuels, has successfully developed an enhanced version of its MSAR fuel and has formed an agreement with Orlen Lietuva to proceed with the fuel manufacturing and assessment programme with the Mrsk test vessel. The results of the evaluation programme are expected before the end of 2012 and will complete the research and development phase of the programme before it enters the commercial phase in mid-2013.
Angel Mining has received a permit from the Bureau of Minerals & Petroleum enabling it to mine the high grade pillars at the Nalunaq gold mine in Southern Greenland. The pillars are estimated to contain 30,000 tonnes of recoverable ore at an expected average grade of 18 grams per tonne and is expected to underpin the level of gold production for the next year or more. Production is expected to begin around mid-September, with production levels expected to reach around 1,500 oz per month from a single gold pour.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Review: Trisara, Phuket – a feast for the senses in ThailandTravel Stay at Trisara resort on Phuket island in Thailand for the top-notch food and spa
-
Expecting an inheritance? Don’t – only a fifth of Boomers plan to part with their cashHigher priorities are travel and spending time with loved ones, with even those on the highest household incomes shunning inheritances
