Mining

Stellar Diamond Frustrated Over Kono Licence Dispute

12 Apr 2012 @ 16:27
Stellar Diamond (LSE:STEL), a West-African focused diamond mining and exploration company, announced today that its licences in the Kono region of Sierra Leone may well be in jeopardy. The Licences, initially granted in January of 2005, allow the company to carry out its operations in the region. The licences were renwed in May of last […]
 

CDC Seeks Interest in their Copper Project in the Philippines

11 Apr 2012 @ 16:56
Philippines-focused Copper Development Corporation (LSE:CDC) is seeking a trade sale or a joint venture of its Hinoba-an Project, south of the country, following the release of a Comprehensive Technical Report (CTR) that referred to the project as “financially attractive”. Background Story The Hinoba-an Project, located in the island of Negros 700 kilometres south of the […]
 

Sierra Rutile Posts Strong 1st Quarter Results

10 Apr 2012 @ 14:54
Share prices of Sierra Rutile Limited (LSE:SRX) were up over 6% to 54.12p at midday today following a very positive production update on their first quarter. The Report Production Production of rutile ore was 48% higher than during the first quarter of 2011, whilst ilmenite production increased 57% over the same period.  Actual rutile production […]
 

African Minerals Receives $1.5 Billion Investment to Expand Sierra Leone Project

30 Mar 2012 @ 17:06
Shares of African Minerals (LSE:AMI) skyrocketed upwards by 81.25p to 591.25p this morning on the company’s announcement of a $1.5 billion investment by Shandong Iron & Steel Group in the company and its Tokilili project in Sierra Leone. The price has leveled off at 551.00p, still an 8% increase, by early afternoon. Transaction Summary The […]
 

ATH Resources Warns of Losses for 2012

28 Mar 2012 @ 16:31
Surface coal mines operator ATH Resources (LSE:ATH) lost more than a fifth of its market value today, after the UK-based company disclosed it may be ending the current fiscal year with about £6 million in loss of revenues and costs. Trading on the Alternative Investment Market of the London Stock Exchange, ATH Resources closed at […]
 

Takeover Speculations Prompt Thor Mining Rise

14 Mar 2012 @ 15:37
Thor Mining (LSE:THR) was heavily trading today, prompting the dual-listed gold-and-tungsten-focused company to issue a statement they are not aware of any price sensitive information that needs to be disclosed to the public. Over 21 million shares switched owners at 3:30 PM, London time, peaking at 1.77 pence in early trading on the Alternative Investment […]
 

Glencore International’s EPS more than doubles in 2011

05 Mar 2012 @ 14:58
Switzerland-based commodities giant Glencore (LSE:GLEN) International more than doubles its basic earnings per share (EPS) as it revealed its 2011 full year results, its last time to report before merging with global mining company Xstrata. Glencore, which became public in May last year, saw its Basic EPS jump 106% from US$0.35 to US$0.72, resulting from […]
 

AngloGold Ashanti Finished Strong in 2011

15 Feb 2012 @ 16:32
The world’s third largest gold producer, AngloGold Ashanti (LSE:AGD) posted huge gains for the 2011 fiscal year with the balance sheets much healthier than the last, even taking into account a weaker last quarter. Shareholders will receive a final dividend of 200 South African cents per share for the last quarter, more than the combined […]
 

Anglo American adds $443M more profits from De Beers

10 Feb 2012 @ 15:46
Anglo American plc, South Africa’s largest employer and one of the world’s largest mining companies, added a further US$443 million of underlying earnings from its’ De Beers holdings. The announcement was made after De Beers posted US$968 million for the full year ending 31st December 2011. Anglo American holds 45% majority interest in the unquoted Luxembourg-based diamond producer...
 

Firestone finds 100-Carat diamonds

07 Feb 2012 @ 15:18
Diamond mining and development company Firestone Diamonds (LSE:FDI) recovered three 100-carat diamonds from its’ 75% owned Liqhobong Mine in Lesotho. The three large 100-carat diamonds indicated an increase in higher clarity diamonds being recovered in the mine which has recently been producing than the budgeted grades of 38-carat per hundred tonnes and 115% mine call […]
 
 
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