Mining

And so it came to pass on the third day that Centamin (LSE:CEY) issued another RNS insisting that the new Islamofascist regime in Egypt had not after all stolen its Sukhari gold mine. The shares remain suspended because the truth is that no-one has the foggiest idea what is going on. Not even Centamin by […]

I first recommended AIM listed gold producer, Archipelago Resources (LSE:AR.) back in December 2004 at 27.5p on t1ps.com, the website I founded in my bedroom 12 years ago and edited until September this year. At 62p today it has not been a bad share tip. However third quarter ( to September 30th)  numbers out today […]

The final count is in. Two months after the dramatic events at South Africa’s Rustenburg mining district sparked a series of labour unrest across the country’s mining sector, the firm where it all began – the world’s third largest platinum producer Lonmin plc (LSE:LMI) –  has released its full year production report that includes the last quarter […]

Two nights before its Managing Director presents the company at a dinner with investors, brokers, and analysts, Ariana Resources plc (LSE:AAU) said its flaghship Red Rabbit Gold Project in Turkey exhibits “highly attractive economic fundamentals” capable of providing the company multi-million dollar revenue, for the whole life of the mine. Following an interim feasibility study, […]

Anglo American Platinum (Amplats), a subsidiary of London-based Anglo American plc (LSE:AAL) and top supplier for the world’s demand for platinum, has offered to reinstate the 12,000 employees it dismissed less than three weeks ago, following a loss of over a hundred thousand ounces of the precious metal since the strike ensued at its mines. […]

Seventy-two percent is an interesting number.  Just say the words “seventy percent” and most people will envision in their minds a large portion of something good.  The number means something entirely different on a report card.  It conveys a sort of mediocrity.  If that report card is a corporate quarterly report and the 72% is […]

A day after the global mining powerhouse Anglo American plc (LSE:AAL) reported its production performance for the third quarter of 2012, the firm’s female CEO, Cynthia Carroll, declared she is stepping down from the post she held since 2007, a decision investors and market watchers cannot help thinking whether it is related with the recent […]

The world’s largest supplier of platinum said production of the expensive material used in reducing carbon emission for the current year will be lower than previously estimated as work stoppage that hit the group’s mining operations in South Africa took a chunk of its production for the third quarter of the year and in October. […]

Following months of negotiations, Sylvania Platinum Limited (LSE:SLP) has agreed to a wage settlement with the National Union of Mineworkers (NUM), which represented the platinum producer’s workers at its Eastern operations in the labour unrest-filled Rustenburg mining district in South Africa, in a bid to pre-empt any potential disruption arising from demands of pay increases. […]

Shares in Hochschild Mining (LSE:HOC) continued their upward trend this morning on the company’s third quarter results.  Up 5.00 pence to 515.50 from yesterday’s close by 10:30, the share price faded back to 512.50 by 14:00.  Though the stock has a pattern of spiking in both directions, still it is up 39% from 385.80 as […]