Commodities

Net income of gold producer Nordgold (LSE:NORD) surged 68 percent,  boosted by higher production despite lower realised gold prices as well as strict cost control, the mining firm said today. In a statement, Nordgold said its net income rose from US$14.6 million a year ago to US$24.6 million in what its Chief Executive Officer, Nikolai […]

I you ask me – Thank you. I’m glad you asked. – Gulf Keystone Petroleum’s (LSE:GKP) biggest problems are the pusillanimous pipsqueaks who apparently comprise too large a portion of company shareholders. It seems that, regardless of how much progress the company makes, any hint of negative news engenders a decline in the company’s share […]

Anglo-Australian mining firm, Rio Tinto (LSE:RIO) said its Pilbara mining operations has achieved its optimum run rate of 290 million tonnes a year (Mt/a) two months ahead of schedule. The company earlier stated Pilbara will reach its nameplate capacity during the second half of the year. In a statement, Rio Tinto’s Chief Executive Andrew Harding […]

Paragon Diamonds has conditionally increased its interest in its Lesotho subsidiary, Meso Diamonds Ltd, from 85 per cent. to 100 per cent. by acquiring the 15 per cent. interest held by its local partner, Martin Matekane of Matekane Mining. Meso Diamonds was recently granted Mining Lease 009/2013 over the Lemphane Kimberlite Project in the Kingdom […]

Market message boards are lit up over the continued state of Gulf Keystone Petroleum’s (LSE:GKP) share price which is currently at 94.88 after having closed on Friday at 96.00. It appears poised to close at its lowest since 30 April and some investors are getting a bit restless. It’s just a wild guess, but I […]

Goldplat plc, the AIM listed gold producer in Africa, announces a positive trading and operational update for its two market leading gold recovery businesses in South Africa and Ghana, and its Kilimapesa Gold Project in Kenya. Trading Update for the quarter ended 31 March 2014 (Q3 FY2014): The company is pleased to announce that the […]

The British House of Lords has declared today that it is time to stop talking and to start fracking. The Economic Affairs committee said today that unless Britain gets cracking it is going to miss opportunities for lower energy bills and a massive opportunity for as many as 250,000 jobs, not to mention a secure […]

Positive Initial Metallurgical Results and Operations Update, Kossanto Gold Project, Mali Alecto Minerals plc (AIM:ALO), the AIM quoted mineral exploration company focussed on West and East Africa, has announced that high gold recoveries from 60% to over 90%, in both oxidised and primary sulphide bearing mineralisation, have been returned from initial cyanide bottle roll tests […]

HORIZONTE MINERALS UPDATE AND FINANCIAL RESULTS FOR THE FIRST QUARTER 2014 AND MANAGEMENT’S DISCUSSION AND ANALYSIS FOR THREE MONTHS ENDED 31 MARCH 2014 Horizonte Minerals Plc, (AIM:HZM) the nickel development company focused in Brazil, announces that it has today published its unaudited financial results for the three month period to 31 March 2014 and the […]

The share price of Xcite Energy (LSE:XEL) jumped 28.6% on the day, following the announcement that “its 100% owned subsidiary, Xcite Energy Resources Ltd (“XER”), has entered into a Collaboration Agreement with Statoil (U.K.) Ltd. (“Statoil”) and Shell U.K. Ltd. (“Shell”), which allows all the Parties to make available and share field-specific...