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Alba Mineral Resources is spinning off its Greenland mining and exploration assets into a new company, Greenroc. This will allow it to concentrate on its Welsh gold business, which includes the Gwynfynydd gold mine, as well as the Clogau St David's mine. The latter ceased production of rare Welsh gold in 1998, but the firm is researching potential new mineral deposits.

Owner of a mine that's produced wedding rings for generations of Royals is splitting off iron ore and graphite operation into separate listed company