Mining

Petra Diamonds (LSE:PDL) presented a stellar first half performance in a trading update this morning, 29 January 2013.  Petra reported a 31% increase in production and an 54% increase in revenue. Petra mining operations yielded 953,553 carats in the first half of FY2012.  FY2013 has begun with 1,247,522 carats.  However, the company also said that […]

Mining giant Anglo American plc (LSE:AAL) is to write down the value of its Minas-Rio iron ore project by US$4 billion two years before the project is expected to produce its first shipment, the company reported today. The announcement came alongside an increase in capital expenditure to the tune of US$8.8 billion, a figure the […]

Brazilian Research   I get sent all kinds of research and documents from all over Brazil.  I recently received this which was produced by BTG Pactual which you might find interesting: Stick with the quality names, even if they aren’t a bargain. Switch to cheap/out-of-favor plays or stick with good/expensive ones? The dilemma most investors […]

Vale (BOV:VALE5) Suspends Argentinian potash project Vale (BOV:VALE5)  has announced the suspension of the Rio Colorado potash project in neighboring Argentina while it analyzes changes in the economic fundamentals of the project. Vale has an investment of $ 5.2 billion in this project. Vale (BOV:VALE5) said towards the end of last year that Rio Colorado […]

Dual AIM and TSX (Canada) listed West African focused gold mining company, Amara Mining (LSE:AMA) has announced 2012 production results for its Kalsaka mine in Burkina Faso ahead of a full-year results announcement scheduled for 27th March. I commented positively on the company in November and the following updates my view after this latest news […]

Coal mining company CCX  (BOV:CCXC3) CCX (BOV:CCXC3) the coal company of Eike Batista has asked Bradesco, Itaú BBA and BBI Brazil Plural to prepare a report to assess a possible takeover bid and the de listing of the company.  Batista has however chosen to abstain from voting on the matter. A meeting is scheduled for […]

During the past week alone more than 350 seats have been booked for the UKL’s premier one day investor conference, UKInvestor Show which takes place in London on April 13th. Of the 2,500 seats on offer more than 60% are now allocated.  We expect all the seats to be booked within the next few weeks. […]

Heck I know that this is commissioned research (i.e. paid for by the company) but analyst Charlie Gibson might be incredibly posh but he is no fool. He does know what he is talking about. And thus when I read his research I generally seem to think that his sums stack up. Today comes a […]

It is not often that I comment on broker’s notes as most are pretty worthless. Normally I post comment if I disagree violently or agree strongly. Which brings me to the VSA Resources note out today on Russian gold producer Highland Gold (LSE:HGM). The problem with gold is that it is usually found in dodgy […]

New chief executive asked to relocate Rio Tinto’s HQ to Australia. British-Australian miners Rio Tinto’s new chief executive, Sam Walsh, has been told to move its headquarters to Australia by mining billionaire Gina Rinehart, arguing that it will benefit “shareholders who have seen much diminution in value via investments in risky countries, and for the […]