Kenneth G. Mondero

The world’s second largest supplier of platinum, Impala Platinum Holdings Limited (LSE:IPLA), is now facing a new demand of wage increase from its workers, the company confirmed today. In a statement, the producer of 25% of the world’s platinum group of elements supply said it has received another wage increase demand from the Interim Workers […]

The stalemate in the £48 billion merger terms offered by Glencore (LSE:GLEN) to Xstrata  (LSE:XTA) will remain to be as it is even as Glencore has officially announced its revised terms yesterday. Qatar Holding LLC, owner of about 12% of Xstrata and its second biggest shareholder, hinted today it needs more time to study Glencore’s […]

Last night was probably one of the busiest phone call moments for those people involved in the mega-merger to form another global mining powerhouse as both Glencore (LSE:GLEN) and Xstrata (LSE:XTA) called to adjourn their meetings today following a revision of the merger terms to appease Xstrata’s dissatistfied investor, Qatar Holdings. The lakeside view from […]

Northern Petroleum plc (LSE:NOP) plugged and abandoned its exploration well in Italy after gas shows proved to be insufficient as to merit commercial production and also hinted shareholders need not panic. In a statement issued today, the AIM-quoted oil and gas explorer said the La Tosca-1 well, drilled at a depth of 2,335 metres in […]

Mediterranean Oil & Gas plc (LSE:MOG) agreed to sell nine onshore gas producing assets and four exploration interests in Italy in a move to dispose non-core assets and concentrate on other opportunities, the company disclosed today. According to the Board’s decision, the divested assets were no longer strategic for the growth of the company’s future […]

Independent oil and gas producer Valiant Petroleum is considering selling itself or merging with another business, among other options, to maximise value for shareholders within the next two to four years, the company said today. “As part of the planning for 2014 to 2016, the Board has decided to review the full range of strategic […]

In the highly speculative business of oil and gas exploration, Enegi Oil plc (LSE:ENEG) bets on the prospectivity of its Irish asset, which may contain shale gas. In a statement today, the independent explorer said the shale discovered from its acreage in County Clare, west of Ireland came from a “rich source rock” containing an […]

Zanaga Iron Ore Company Ltd. (LSE:ZIOC) is poised to become a “very significant iron ore producer” having one of the largest iron ore resources in Africa. That is according to the miner’s Non-Executive Chairman, Clifford Elphick, following the release of a revised resource estimate of its deposit from the Zanaga Iron Ore Project in Congo […]

Upstream oil and gas firm Lochard Energy Group plc (LSE:LHD) is putting itself up for sale as well as considering a merger, the company said today alongside the release of its unaudited full year results. The decision was made after discussions with several parties for a farm out deal for its Thunderball and Moby oil […]

Talvivaara Mining Company (LSE:TALV) assured its shareholders the company has enough cash to support its operation for the rest of the year and its employees are not endangered of losing their jobs. The base metals miner made the statement today, in response to “recent  publicly reported claims regarding the development of the Company’s cash position  […]