Mining

Shares of nickel and zinc producer, Talvivaara Mining Company plc (LSE:TALV), recovered a few pence earlier today after the firm said the leakage in its Sotkamo mine in Finland has stopped but were still down by more than a fourth of their value before the leakage happened 10 days ago. At 11:45 AM GMT, Talvivaara’s […]

Shares of nickel and zinc producer, Talvivaara Mining Company plc (LSE:TALV), recovered a few pence earlier today after the firm said the leakage in its Sotkamo mine in Finland has stopped but were still down by more than a fourth of their value before the leakage happened 10 days ago. At 11:45 AM GMT, Talvivaara’s share […]

The world’s largest mining group, BHP Billiton plc (LSE:BLT) is breaking its engagement with its diamond business after deciding to sell Canada’s first diamond mine to jewellery designer Harry Winston for US$500 million, in line with the miner’s move to transform itself into a “simpler business”. In a statement, BHP Billiton said it has signed […]

The share price of Nautilus Minerals (LSE:NUS) has had more peaks and valleys in the five and one-half years it has been listed on the London Exchange than the topography of the ocean floors that it explores.  Company shares have been in steep decline since peaking at 168.00 on 30 March.  NUS closed yesterday at […]

Shares of global diversified miner Anglo American plc (LSE:AAL) were being drilled on two accounts today, as its iron ore business on both sides of the Atlantic, the costly Minas – Rio Project in Brazil and the strike-hit Kumba Iron Ore in South Africa, suffered setbacks that are anticipated to hurt the company’s 2012 financial […]

AIM Listed Firestone Diamonds (LSE:FDI) was a duff tip from me from my days at t1ps.com. Even when you average gain per tip over 12 years was 42.7% you have losers and this was one of them. I advised bailing out at 6.125p on October 25th. Results are out today, the shares are still 6.125p but […]

Cape plc (LSE:CIU) issued an interim management statement this morning for the quarter ending 30 September.  At 8:05 am the share price was 196.60.  Forty-nine minutes later at 8:54 am, the share price had dropped to 169.50.  By 10:18, the stock had recovered to 186.00, down 76.00 pence and 30% from Friday’s close of 262.00. […]

“The publication of today’s results closes a painful chapter in Lonmin’s history,” Roger Phillimore, Chairman of the Board of major platinum producer, Lonmin plc (LSE:LMI), began his message in the release of the company’s 2012 final results that drilled the company into a loss greater than that during the height of the global financial crisis […]

Vatukoula Gold Mines (LSE:VGM) has today announced that it has completed its botched replacement placing to raise £6.6 million gross from Chinese investor Zhongrun International Mining Co. Ltd at 33p a pop. The shares are now 32.5p. I can understand why folks are giving up on this one. Numerous placings – including this rather botched […]

Big words and ambitious plans by London Mining plc (LSE:LOND) met cold reception from investors on the London Stock Exchange today as share price dropped after the iron ore producer unveiled its expansion plans for its flagship Marampa mine in Sierra Leone. After reaffirming that the said mine is on track to deliver 1.5 million […]