Kenneth G. Mondero

Crowds cheered at a football pitch in South Africa but not to support its favourite team. The audience were Lonmin (LSE:LMI) miners, who finally gave in and compromised to a 22% increase in wages announced by their representatives in the negotiation with management that is hoped to bring the six-week strike, which claimed 45 lives, […]

Latin America-focussed precious metal explorer Condor Gold (LSE:CNR) exceeded its target resource base from its La India Project in Nicaragua but the standard used was that of the Canadian Institute of Mining, Metallurgy, and Petroleum (CIM), the company said today. In a statement, Condor stated it now has over 2.4 million ounces of gold at […]

Falkland Oil & Gas Limited (LSE:FOGL) made its first gas discovery in the disputed waters of the South American territory that Argentina is claiming again, but hints of uncertainty sent the share price of the AIM-listed oil and gas explorer to a see-saw in dealings earlier today. In a statement, FOGL said all six targets […]

Ophir Energy (LSE:OPHR) did it again. The FTSE 250 constituent has drilled another gas discovery giving the company confidence it will be able to export liquified natural gas (LNG) from its assets in Equatorial Gunea, east of Africa. Ophir’s Chief Executive, Nick Cooper, issued the statement himself, following the 1 trillion cubic feet (tcf) of […]

British taxpayer-backed Royal Bank of Scotland (LSE:RBS) unveiled its plan to float its insurance business in compliance with its commitment to the European Commission after the bank was rescued for a £45 billion bailout in 2008, the bank said earlier today. Direct Line Group, Britain’s largest motor, personal, home, and commercial insurance business, is to […]

Scotland’s relatively strong winds has never been put to good use by any other entity as British energy firm SSE (LSE:SSE), which today said it has put a 350-megawatts wind farm into operations, opened by no less than Scotlands First Minister, Alex Salmond. The Clyde wind farm, a152-turbine £500 million project, is set to provide […]

Zimbabwe-focussed African Consolidated Resources plc (LSE:AFCR) is to commence a bankable feasibility study (BFS) this month with the aim of achieving a 100,000 ounces a year production capacity from one of its gold projects in the country. The natural resources explorer announced its plan following a sixfolds increase of its revised JORC-compliant resource estimate at […]

Shares of dually-listed Thor Mining plc (LSE:THR) (ASX:THR) rose unusually high on the Australian Stock Exchange earlier today and prompted the regulators to initiate an inquiry and suspended trading of the miner’s securities. Regulators on the Australian Stock Exchange suspended trading of dually listed Thor Mining plc earlier today, following greater than usual share price […]

Labour unrest has reached the perimeters of the world’s largest producer of platinum as Anglo American plc’s (LSE:AAL) subsidiary suspended operations at its Rustenburg mines to “protect the safety and security of its employees from outside intimidation”. In a statement released shortly after 2:00 PM GMT, Anglo American said its 80% owned Anglo American Platinum […]

President Petroleum Company plc (LSE:PPC) has entered the oil industry in Paraguay through a farm-in agreement in two licences that the firm says will transform the company into a middle-sized oil and gas company. In a statement today, the company announced it signed a deal that would earn the company up to 59% and 60% […]