Commodities

Alecto Minerals plc (LSE:ALO), an AIM quoted mineral exploration company focussed on West and East Africa, has released its audited final results for the year ended 31 December 2013. Highlights: · Acquisition of the Kossanto Gold Project in western Mali (‘the Kossanto Project’) and associated regional projects, located in a proven gold hosting region · […]

Options three new tenements surrounding the Los Cisnes Gold-Silver Project, Santa Cruz Province, Argentina Mariana Resources Ltd, the AIM quoted exploration and development company focused in Peru and southern Argentina, announces that it has optioned three new strategic tenements abutting and adjoining its 100% owned Los Cisnes Project in the eastern Deseado Massif, a prolific […]

Rock samples return DSO iron grades at Mebaga Iron Ore Project in Gabon Ferrex plc, an AIM quoted iron ore and manganese development company focused in Africa, has said that high iron values have been returned from rock samples collected as part of the mapping programme in February 2014 to increase the mineralised area at […]

The biggest financial news of the day, for me at least, is that the new company, formerly known as Glencore Xstrata (LSE:GLEN), and known before that as two companies, i.e., Glencore and Xtrata, shall now henceforth officially be called Glencore. Its EPIC ID will still be GLEN. The impact of the announcement at the company’s […]

Independent oil and gas exploration and production firm Tullow Oil (LSE:TLW) said two wells being drilled in Kenya have encountered oil. In a statement today, the FTSE100 constituent said the Twiga-2 appraisal well found 62 metres of net oil pay after sidetracking the well from its original drill. Before sidetracking, the well only encountered 18 […]

Net income of gold producer Nordgold (LSE:NORD) surged 68 percent,  boosted by higher production despite lower realised gold prices as well as strict cost control, the mining firm said today. In a statement, Nordgold said its net income rose from US$14.6 million a year ago to US$24.6 million in what its Chief Executive Officer, Nikolai […]

I you ask me – Thank you. I’m glad you asked. – Gulf Keystone Petroleum’s (LSE:GKP) biggest problems are the pusillanimous pipsqueaks who apparently comprise too large a portion of company shareholders. It seems that, regardless of how much progress the company makes, any hint of negative news engenders a decline in the company’s share […]

Anglo-Australian mining firm, Rio Tinto (LSE:RIO) said its Pilbara mining operations has achieved its optimum run rate of 290 million tonnes a year (Mt/a) two months ahead of schedule. The company earlier stated Pilbara will reach its nameplate capacity during the second half of the year. In a statement, Rio Tinto’s Chief Executive Andrew Harding […]

Paragon Diamonds has conditionally increased its interest in its Lesotho subsidiary, Meso Diamonds Ltd, from 85 per cent. to 100 per cent. by acquiring the 15 per cent. interest held by its local partner, Martin Matekane of Matekane Mining. Meso Diamonds was recently granted Mining Lease 009/2013 over the Lemphane Kimberlite Project in the Kingdom […]

Market message boards are lit up over the continued state of Gulf Keystone Petroleum’s (LSE:GKP) share price which is currently at 94.88 after having closed on Friday at 96.00. It appears poised to close at its lowest since 30 April and some investors are getting a bit restless. It’s just a wild guess, but I […]