Mining

Russian gold miner Petropavlovsk plc (LSE:POG)  issued a revised guidance for 2012 ahead of the half year report it will submit in August, prompting the share price of one of Russia’s largest gold producer to jump as high as 12% in midday trading on the London Stock Exchange. In a statement released earlier today, Petropavlovsk […]

Precious metals explorer Mariana Resources Limited (LSE:MARL) has concluded the diamond drilling programme for its Las Calandrias Project, in the southern province of Santa Cruz, Argentina is falling short in the total target length due to “extreme weather conditions”. Updating the public today, the South American-focussed exploration and development company said they were only able […]

India-focused gold miner Kolar Gold (LSE:KGLD) Limited said Wednesday their JORC-compliant gold resource more than trebled, following a completion of an 8,000-metre drill programme in the South Kolar licence area. In a statement released to the public and the financial authorities, the new resource estimate now stands at 195,000 ounces of gold at an average […]

Mineral processing technologies provider Alexander Mining (LSE:AXM) revealed today it proposes a capital restructuring for approval by its shareholders, triggering a drop of the company’s shares on the London Stock Exchange today. Acutely Challenging In a statement issued earlier today, Alexander Mining said the company “in common with a multitude of other companies in the […]

Xstrata (LSE:XTA) is making news on several fronts today. With the news of a potential merger with Glencore International already on the table, significant developments are happening involving Canadian operations and Middle Eastern investors. With these stories breaking around midday, there has been little time for market reaction. Nonetheless, XTA shares were up 11.50p to […]

Nautilus Minerals (LSE:NUS), the world’s first company to explore the seafloor for mining copper, gold, zinc, and silver producing deposits, announced an agreement for the sale of 1.1 million metric tonnes of ore per year to Tongling Non-Ferrous Metals Group Co Ltd. The Agreement The agreement is expected to commence with the first delivery of […]

Stellar Diamond (LSE:STEL), a West-African focused diamond mining and exploration company, announced today that its licences in the Kono region of Sierra Leone may well be in jeopardy. The Licences, initially granted in January of 2005, allow the company to carry out its operations in the region. The licences were renwed in May of last […]

Philippines-focused Copper Development Corporation (LSE:CDC) is seeking a trade sale or a joint venture of its Hinoba-an Project, south of the country, following the release of a Comprehensive Technical Report (CTR) that referred to the project as “financially attractive”. Background Story The Hinoba-an Project, located in the island of Negros 700 kilometres south of the […]

Share prices of Sierra Rutile Limited (LSE:SRX) were up over 6% to 54.12p at midday today following a very positive production update on their first quarter. The Report Production Production of rutile ore was 48% higher than during the first quarter of 2011, whilst ilmenite production increased 57% over the same period.  Actual rutile production […]

Shares of African Minerals (LSE:AMI) skyrocketed upwards by 81.25p to 591.25p this morning on the company’s announcement of a $1.5 billion investment by Shandong Iron & Steel Group in the company and its Tokilili project in Sierra Leone. The price has leveled off at 551.00p, still an 8% increase, by early afternoon. Transaction Summary The […]