Transaction date: Sep 11
Transaction type: Placing
Amount: £1.2 M
Angel Mining plc grew out of the exploration company Angus and
Ross plc and is now a cutting edge mining operation focussed on
Greenland; the only mining company solely focussed on
Their assets comprise precious and semi-precious metals such as
gold, silver, zinc and lead but in the future this list is likely
to expand to include coal and other minerals.
Angel Mining's strategy is to specialise in small high-grade
mines, allowing them to operate efficient mines, and use working
practices that are appropriate to the skill base of the local
workforce so where practical, people and machinery are
interchangeable between sites.
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