Kenneth G. Mondero

The New York Stock Exchange is still closed for the second consecutive day as parts of Manhattan, United States’ financial centre, is flooded with seawater, filling subways and tunnels, and portions of the city lost power brought about by Sandy, which has lost its hurricane status after approaching the coast. In a statement today, NYSE […]

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 […]

UK oil giant, BP plc (LSE:BP.), is nearing its target to break out of the financial burden from the horrid Gulf of Mexico oil spill that has damaged not just the company’s image but its balance sheet, but the legal battle over BP’s accountability in the largest oil spill in history is still on and […]

In one of the rarest occasions, the New York Stock Exchange and Nasdaq are to halt trading today, for the first time in 27 years in the case of NYSE, as Manhattan, the US’ financial centre, and the rest of the State of New York prepare for the impact of Hurricane Sandy. NYSE Euronext, operator […]

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. […]

The last three mines of the South Africa’s top producer of gold, AngloGold Ashanti Limited (LSE:AGD) have resumed operations as workers returned to the mines, while the company continues its dismissal proceedings for those who still refuse to accept the newly negotiated terms and ramps up operations ahead of its production update two weeks from […]

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 […]

What a difference 1% makes! News that the world’s eighth largest economy broke out of recession and grew by 1% during the third quarter of 2012 sent waves of reactions across different economic and social standings, giving a mix of positive and negative impressions highlighted by the media today. Whilst British Prime Minister, David Cameron, […]

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. […]