Global News

Wednesday was a bad day for two major airline giants, one a manufacturer and the other a commercial airline. The share prices of Airbus (EU:AIR) and Lufthansa (LS:LHA) both suffered following very unflattering reports. Airbus Loses Order. Share Price Drops More Than 3%. Emirates airline cancelled an order for 50 Airbus A350-900s and 20 A350-1000s, […]

Exploration Update – Jangamo Project Savannah Resources plc (LSE:SAV) has announced that it has completed over 2,000m of the planned 4,000m scout drilling programme at its highly prospective 180km² Jangamo heavy mineral sands project, located in a world-class mineral sands province in southern Mozambique. Highlights: · Visual Heavy Mineral Sands (‘HMS’) mineralisation...

SALE OF REMAINING 25% INTEREST IN TULU KAPI Nyota Minerals Limited (LSE:NYO), the gold exploration company in East Africa, has announced that it has entered into a conditional agreement with KEFI Minerals plc for the sale of Nyota’s remaining 25% direct interest in the Tulu Kapi Gold Project in Ethiopia for an aggregate consideration of […]

Ferrex plc, the AIM quoted iron ore and manganese development company in Africa,has signed a contract, on a part equity payment basis, to complete a minimum 1,200m drilling programme at the Malelane Iron Ore Project in South Africa. The drilling programme, due to commence in July 2014, is aimed at increasing the current Inferred Resource […]

Sometimes I think that if it were not for bad luck, Gulf Keystone Petroleum (LSE:GKP) would have no luck at all. It seems like every time the company catches a break, something goes wrong. The GKP share price was down 0.58% today to 90.47, much closer to the low end of its 52-week range of […]

Pharmaceutical giant Merck (NYSE:MRK) announced today that it has agreed to acquire Idenix Pharmaceuticals (NASDAQ:IDIX) for $3.85 billion. Even compared to the now defunct attempt of Pfizer (NYSE:PFE) to acquire AstraZeneca (LSE:AZN), this could be one of the biggest acquisitions of all time in this sector, not necessarily in volume, but in impact. It appears […]

The share price of Apple (NASDAQ:AAPL) has been pushing higher today as the company prepares to split its shares at a 7 to 1 ratio after the market closes today. Apple shares opened this morning at 650.00, up from yesterday’s close of 647.35. Even though the share price has not returned to the record high […]

29% Increase in Resource at Flagship Gedabek Gold/Copper/Silver Mine in Azerbaijan Anglo Asian Mining, the AIM listed gold producer in Azerbaijan, has announced a 29% increase in its JORC compliant gold resource at its flagship Gedabek gold/copper/silver mine in western Azerbaijan to 61,795,775 tonnes at 0.730 g/t of gold for 1,449,537 oz in the Measured […]

African Potash, the AIM listed exploration company focused on sub-Saharan potash assets, has completed the interpretation of seismic data and delineated four prospective drill targets at its Lac Dinga Potash Exploration Project in the Republic of Congo. The delineation of the target areas marks the conclusion of the planning and preparation phase, as African Potash […]

Positive Results of Independent Modelling Report at the Lemphane Kimberlite Pipe Project, Lesotho Paragon Diamonds Limited, the AIM quoted diamond development and production company in Africa, has announced positive results of an independent size frequency and revenue modelling report based on 300 carats of diamonds recovered during the 2012/3 bulk sampling programme at its Lemphane […]