Mining

Sale of non-core assets for US$1.98 million Sable Mining, the AIM listed exploration and development company, has today completed transaction agreements which will monetise its interests in the Rietkuil coal project in South Africa. Separately the Company announces a recent sale of non-core interests in Liberia. Highlights · Total cash of US$1.98 million generated through […]

Rio Tinto shares (LSE:RIO) are extremely weak right now, and the weakness is expected to continue. This is a wonderful opportunity for sellers, who can make more money by continuing to sell the shares. Every week proffers attractive trading opportunities; and you can take them. In the chart, it can be seen that the price […]

Production Update & Reserve Report Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, has provided an update on current production and an independent Reserves Report as at 1 June 2015, on its leases in US onshore formations such as the Woodford and Mississippi Lime, Oklahoma, and the […]

Interim Results Cluff Natural Resources Plc, the AIM quoted natural resources investing company, has announced its interim results for the six months ended 30 June 2015. Highlights · Continuing to build substantive portfolio of Underground Coal Gasification (‘UCG’) Licences inshore UK – portfolio totals 690km2 · Progressing Conventional Hydrocarbon licences in the Southern...

MOU with Zambian company for the supply of 50,000MT of fertiliser African Potash, the AIM listed exploration company focused on sub-Saharan potash assets, ihas entered into a Memorandum of Understanding with a Zambian fertiliser supply company with a view to supplying them with in excess of 50,000MT of fertiliser, following an introduction by the Common […]

Positive PEA on Tongo Project and Mining Licence Application, Sierra Leone Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, has announced the results of the preliminary economic assessment from its Tongo kimberlite diamond project in Sierra Leone. Independent consulting company Paradigm Project Management was retained by the Company...

Commissioning of Plant at Pickstone-Peerless Gold Mine Vast Resources plc, the AIM-listed resource and development company, has announced the commissioning of the ball mill and the carbon in leach plant at the Pickstone-Peerless Gold Mine, thus facilitating the start of gold adsorption and marking a further milestone in its transition into a cash generative mining […]

The biggest financial news of the week, up until Greek Prime Minister Alexis Tsipras announced his resignation, has, arguable been George Soros investing the equivalent of £1.43 million in Arch Coal (NYSE:ACI) and Peabody Energy (NYSE:BTU), two coal mining companies that have have been struggling, having lost 98% of their value over the past several years. […]

Gold Gold experienced a smooth downwards movement in July 2015. In August, price consolidated for about two weeks before breaking northwards last week. Price consolidated again before the end of last week and in the beginning of this week before breaking northwards again. This week is particularly interesting because Gold was thought of rallying, which […]

It might have been a better day for Glencore’s (LSE:GLEN) share price and the FTSE 100 if the former had not had to publish its Q2 and H2 operations and financial report. The mining giant’s share price dropped by 9.74% to close at 158.95, continuing a decline that began a year ago on 25 July […]