Global News

The board of Centurion Resources (LSE:CEN), the AIM quoted natural resource company has announced the proposed acquisition of the entire issued share capital of FinnAust Mining plc, an exploration company with extensive holdings in Finland. The consideration for the Acquisition is £7.7 million and will be satisfied by the issue of the Consideration Shares. In […]

North American Petroleum (LSE:NAPP), a company focussed on developing interests in proven US onshore oil and gas formations, has announced its participation in an additional well targeting the proven Mississippi Lime formation, Oklahoma. This new well is NAP’s eighteenth and is in line with the company’s strategy to build net production and reserves by acquiring […]

Wishbone Gold (LSE:WSBN), an exploration and acquisition company focussed on precious metals, announces that it has entered into a conditional Share Exchange Agreement with Global Resources Investments Ltd, which will re-register as a public company and be constituted as an investment trust with the name Global Resources Investment Trust Plc (‘GRIT’). The Board of Wishbone […]

Alecto Minerals (LSE:ALO), an AIM quoted mining exploration company focussed on West and East Africa, has provided an update on the Company’s exploration activities at its 207 sq km Kossanto Gold Project in the prospective Kenieba Inlier in western Mali. Overview: · Discovered new highly prospective high grade gold area within the southern section of […]

Savannah Resources plc (LSE:SAV), has said that it has completed its first drilling programme at the Company’s 80% owned Jangamo heavy mineral sands project, located in a world-class mineral sands province in southern Mozambique. Highlights: · 27 holes, for a total of 1,812m of reverse circulation (‘RC’) drilling were completed to assess the prospectivity of […]

Atlantic Coal (:LSE:ATC), an AIM listed anthracite coal mining company operating in Pennsylvania, USA, has announced that it has entered into a joint venture and coal sale agreement with China based CIC Brancepeth Coal Limited (“CIC-Coal”), a company founded and currently managed by AIM listed CIC Capital Ltd. Joint venture agreement: Under the joint venture […]

Mytrah Energy (LSE:MYT) have informed investors that on 14 November 2013, R&H Trust Co (Jersey) Limited as trustee of The Raksha Trust (the “Trust”), a Jersey based discretionary trust settled by Ravi Kailas, the Chairman and CEO of Mytrah Energy Limited, of which he and some of his family members and also a philanthropic trust […]

Janet Yellen, the heir-apparent to Ben Bernanke as the head of the US Federal Reserve Bank, must face congressional confirmation hearings set to begin today before she can ascend to the throne room of the US economy on 01 February 2014. I doubt that anything substantive will be learned by observing the session that begins […]

On a day when the FTSE 100 has slid more than 100 points, AIM-listed Petards Group (LSE:PEG) share price has soared by over 110%, rising 12.75 pence to 24.25, and there is no guessing or speculation as to why.  Petards announce today that they have been awarded a £7 million contract by the Ministry of Defense. […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, While we might have thought the surprise of the week was the ECB cutting interest rates to help counter falling inflation in the single currency region, make that three surprises now after US GDP and US Non-Farm Payrolls (NFP) […]