Kenneth G. Mondero

Precious stones miner Gemfields (LSE:GEM) will have another 20 years to exploit the world’s largest emerald and beryl resource located in Zambia and will shift to underground mining in two years’ times, the company said today. The decision was based on the new underground feasibility study and mineral resource estimate of Gemfields’ 75%- owned Kagem […]

Anyone who glanced at the trading board on the London Stock Exchange will definitely be prompted to ask what’s going on at Sound Oil plc (LSE:SOU). Looking at the turnover and the frequency at which the shares are being traded would make one trader initially think the oil and gas industry player has struck multi […]

Directors of both Glencore (LSE:GLEN) and Xstrata (LSE:XTA) have finally reached the final terms for the much anticipated mega-merger of the year, leaving the last say to Xstrata’s shareholders whether to approve or reject the making of another global commodity and mining powerhouse, official statements released today from both companies read. The marriage of the […]

Heavy trading of shares of Sound Oil plc (LSE:SOU) was seen earlier today after the independent oil and gas explorer said the regional authorities have approved its Environmental Impact Assessment in relation to the Rapagnano gas project in Central Italy, sparking hopes the company will start producing gas soon. Sound Oil stocks spiked 21.1% to […]

In the much anticipated biggest initial public offering on the London Stock Exchange since Glencore International’s last year, Direct Line Insurance Group, a leading motor and home insurance provider in the United Kingdom, is poised to become one of the largest publicly listed companies when it joins the premium listing. Here is a short timeline […]

London Inter-Bank Offer Rate, or LIBOR, is to remain the benchmark to be used in transacting business amongst financial institutions, incumbent Managing Director of the Financial Service Authority, Martin Wheatley, recommended.  This followed an independent review of the tainted benchmark commissioned in response to the recent rate-rigging scandal that has instigated a series of investigations...

World’s number two platinum producer, Impala Platinum Holdings Limited (LSE:IPLA), has approved a wage increase – the second within six months – in response to the demand from workers more than two weeks ago, in a move to avert the potential threat of a second strike that weighed heavy on the company’s financials for the […]

While the world’s top three platinum producers are trying to stabilise their operations following the violent and unsettling labour unrest that rocked South Africa’s mining industry in the past weeks, the exploration side of the sector does not seem to be affected. The statement is particularly true of another South African platinum explorer ,Jubilee Platinum […]

Heavy trading of shares of Atlantic Coal plc (LSE:ATC) cut the price down a tenth of its value yesterday, as the US-focussed coal producer revealed the cost of operating the business for the first six months of its current fiscal year diluted whatever revenues it earned for the January-June period. By 9:30 AM GMT, over […]

Despite repeated appeals coupled with threats of possible legal actions against them, majority of the workers of the world’s biggest producer of platinum, Anglo American plc (LSE:AAL), still have not returned to work a week after the global commodities miner resumed operations at its Rustenburg mines in South Africa. In a statement issued today, Anglo […]