Temple Pershing Mining Company (“TPMC“, or “Company”) prepare to issue latest proposal, as part of the company‘s determination to secure an acquisition agreement for Lindsey Oil Refinery (“LOR”).
For over 4 months, TPMC has attempted to negotiate an acquisition of this key UK site. The company has since expressed disappointment on hearing that 124 members of LOR’s UK staff were retrenched in October 2025. Simon Robinson CEO of Temple Pershing Mining Company said, “ I was born in Lincolnshire and this September, I met with some dear friends who have worked at Lindsey Oil Refinery all their adult life, motivated by the belief that a job at this site meant a job for life. As we have now seen, mismanagement of the site has cost experienced workers their livelihoods. Back in the summer, when news of the refinery’s trouble was announced, the TPMC board met with Middle Eastern partners to discuss the possibility of acquiring LOR as a going concern; our partners are an oil dynasty and one of the leading oil producers in the world. They own and operate a portfolio of refineries and have the experience and infrastructure to ensure, with TPMC that LOR is...