FTSE 100 closes in red as pound firms but miners add support
Sterling added 0.01% against the Euro to 1.1434, while against the US dollar, it added 0.60% to 1.4232.
Company
Savannah Resources PLC
LON:SAV
Savannah Resources PLC is the owner of the Barroso Lithium Project, located close to key infrastructure in Northern Portugal which contains the most significant spodumene lithium resource in Western Europe. Following a positive scoping study that outlined a conventional operation producing 175,000t of spodumene concentrate per annum, Savannah is progressing with the development and environmental licencing of the Barroso Lithium Project. A definitive feasibility study is underway, and Portugal’s environmental regulator is evaluating Savannah’s Environmental Impact Assessment study on the project.
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Savannah Resources sees encouraging results in Portugal and progress in Oman
Metal tests have indicated spodumene concentrate from MdB can be an industry standard, said Savannah chief executive David Archer
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Savannah Resources lands permitting approvals in Oman
The company expects mining will start later this year.
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Fears of a trade war have rattled investors, with minerals companies particularly hard hit
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Hatch, a world-renown engineering group, will investigate a potential mining and concentration plant development
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FTSE 100 closes firmly lower on chilly Wednesday with ITV the big switch-off
The Footsie may have mainly traded sideways throughout the day but there have been some notable movements among blue-chips.