Mining

And so the screwing of Private Investors in AIM listed gold miner Shanta Gold (LSE:SHG) is completed. The company has today announced that it has raised $35 million (£21.8 million) in its bookbuild placing announced yesterday at 17p. The new investors will own 38% of the equity. We plebs have been rogered, we feel sore […]

Members of the Brisbane (Australia) Mining Club listened attentively today as Marius Kloppers, CEO of BHP Billiton (LSE:BLT) reported record production numbers for his company, but warned that the record commodity prices the industry has enjoyed for the last 10 years are about to return to long-term levels.  The mining industry has enjoyed the benefit […]

A lot of disappointments hurled at Shanta Gold Limited (LSE:SHG) today as the company revealed it is nearly out of cash to keep itself afloat after a loan provider deferred commitment to provide funding, following the gold explorer’s poor production performance brought about by operational issues at its Luika mine in Tanzania. Shanta is now […]

Shares of Firestone Diamonds plc (LSE:FDI), listed on the Alternative Investment Market in London, were heavily traded today as the diamond exploration and development company said rare diamonds were found from its flagship mine in Lesotho, Africa, promising the company of a potentially diverse diamond assortment of high quality and size. Over 69 million shares […]

It now appears that Bumi (LSE:BUMI) is going to be a headliner in London and there is no telling how long the play will go on.  Last evening Nat Rothschild, the conceiver and creator of the world of Bumi tendered his resignation to board chairman, Samin Tan. Having, quite obviously, hoped to pronounce his 2011 […]

Anglo American plc (LSE:AAL) has regained control of its Sishen iron ore mine in South Africa, ending a two-week coup d’etat of what was left of a handful of employees who seized the mine on 3rd October 2012, as a show of force to extract increase in pay resulting in another series of lost production […]

Between 19 September and 24 September the share price of Bumi (LSE:BUMI) dropped 47.7% from 282.00 to 147.60 as tensions mounted between board members, in particular Nat Rothschild, and the Bakrie family over operational irregularities and corporate governance at the company’s Indonesian mining operations. The last two days have added a new twist to the […]

The long term bearish wave on BUMI (LSE:BUMI) is being obviated as the bulls receive approbation to continue their normal activities. This means that BUMI stock is expected to continue to rise. This happens at the time when some other stocks are also rising. Nevertheless, positive biases are not the only cause of this bullish […]

Amidst the uncertainty of the global market and the volatility in the prices of commodities it produces, mining giant Rio Tinto is to assure its investors today that it is still an investment of choice, boosting confidence back at the City as shares rallied minutes before the company holds its investors seminar in London and […]

I am bombarded with emails today insisting that Norseman Gold PLC (LSE:NGL) is in administration. It is not. I think I know where the confusion lies, let me explain. There has been no news from Norseman today ( contrary to assertions from some BB posters). However AIM listed North River Resources (LSE:NRRP) has issued the […]