Mining

In a statement released on Friday, Churchill Mining Plc (LSE:CHL) announced that it has filed a formal letter with the Republic of Indonesia, appealing to senior government officials for a solution to their current investment dispute. In response to the news, the share price went up over 50% to 14.5p by the early afternoon. In […]

Solomon Gold Plc (LSE:SOLG) announced on Wednesday a resource upgrade for their Rannes site in Central Queensland, Australia.  The news drove the share price up over 40% by mid-afternoon trading. The statement released by the company on 30 November informed investors that the Inferred Resource Estimate at the Rannes site has increased by 20% from […]

Angel Mining Plc (LSE:ANGM) released a statement containing unaudited financial information for the six month period ending 31 August, 2011.  The news propelled the share price down as far as 28% in early trading on Wednesday. Financial Results The company reported a loss of $1,654,000 for the period, a dramatic reduction from the same period […]

Serabi Gold Plc (LSE:SRB), a UK based gold exploration company with an operational focus on Brazil, released a statement on Thursday announcing positive preliminary results from drilling activities on the south-eastern strike extension of their Palito deposit.  The AIM traded company share price was up 2.5% at 3:11 pm GMT following the news release. Operational […]

African-based diamond miner and explorer, Namakwa Diamonds Limited (LON: NAD) announced today it has converted US$16.03m trading debt into 66,791,667 new ordinary shares. Approved by shareholders, the deal sees a $40m two-year secured term loan – of which $23 m has been drawn – continuing to remain available to the company. The conversion of debt […]

Tailings processsing company Berkeley Mineral Resources (LSE:BMR) announced on Wednesday its continued verification and assessment work at the Kabwe mine in Zambia.  BMR shares were trading 4.3% higher at 2.4p by mid-morning trading. The announcement comes in connection with the pre-feasibility study being conducted on the resources at the project, washplant, slags, and leachplant...

In a statement released on Thursday, Mariana Resources (LSE:MARL), an AIM listed mining firm based out of Australia, announced that it has agreed to the terms of an investment by AngloGold Ashanti Limited, giving the gold giant a 19.9% stake in the company.  Mariana was up 32% in mid-day trading on Friday. Deal Details Subject […]

Thor Mining Plc (LSE:THR) released a statement on Wednesday announcing a successful raise of capital totalling £270,000.  Shares were up 17.9% to 1.15p at 10:51 am GMT. The capital was raised by placing 27,000,000 Ordinary shares to UK sophisticated clients at 1p per share. The placement of funds is scheduled to be completed by 29 […]

Following a JORC report Beowulf Mining’s (LSE:BEM) share value has fallen to a 52-week low of 17.25 during morning trading, compared to a 52-week high of 76.75. The maiden Joint Ore Reserves Committee (JORC) report on Beowulf’s Kallak North iron ore site cited deposits of 131.6 million tonnes grading 28 per cent iron. Combined with […]

Canadian-based Caledonia Mining (LSE:CMCL), traded on the AIM, is up 40% in mid-morning trading following an announcement of positive third quarter results. Caledonia Mining focuses its exploration and operations on Africa, with a gold mine in Zimbabwe, two platinum-nickel exploration projects in South Africa, and a cobalt-copper exploration project in Zambia. Operational Highlights The...