Tertiary Minerals has announced the successful completion on an independent scoping study on its wholly-owned Lassedalen fluorspar project in Norway. The study indicates that an underground mine and processing plant is commercially viable.
The study projects that at a production rate of 100,000 tonnes of acid grade fluorspar concentrate per year, $325m in revenue will be generated over a 6.6-year minelife and $78m initial capital cost. Annual pre-tax cashflow in excess of $25m is predicted, with payback within 34 months of the production start date.
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Silvermere, an independent oil and gas company focused principally on appraisal and production opportunities in the US, has reported further progress with the tie-in of the I-1 well in its Mustang Island 818-L Field. The sub-sea tie-in has been completed and was tested last week. All sub-sea valves have been opened ready for flow and the overall installation project was substantially completed over the weekend. The firm said it was pleased to see the safe and generally smooth installation operation of the platform and expects the first gas and condensate to come ashore in the next few days.
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73% of savers plan to rely on partner’s pension in retirementA new survey suggests the majority of people may lack financial independence in retirement, with almost three-quarters set to rely on their partner’s pension
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How much you need to follow the 25x retirement rule – will you have enough to be financially independent?We explain what the 25x retirement rule is and the amount you would need to be financially independent in retirement.
