Mining

29% Increase in Resource at Flagship Gedabek Gold/Copper/Silver Mine in Azerbaijan Anglo Asian Mining, the AIM listed gold producer in Azerbaijan, has announced a 29% increase in its JORC compliant gold resource at its flagship Gedabek gold/copper/silver mine in western Azerbaijan to 61,795,775 tonnes at 0.730 g/t of gold for 1,449,537 oz in the Measured […]

Rare Earth Minerals stock (LSE:REM) has assumed a serious bullish bias, and this is something that results in windfall for the buyers. Recently the market, which was trending downwards, found some bottom at support level of 0.4. The bottom was found during a protracted consolidation phase that held out for a few months. In May […]

African Potash shares (LSE:AFPO) were trending downwards in a slow and steady manner before further downwards trend was rejected in May 2014. Since then, the price has assumed a new bullish bias. The new bullish bas is sustainable because the price is now far above the Trendlines (an area from which it broke out). In […]

AIM-listed Amara Mining (LSE:AMA) said phase 1 of its 2014 drilling campaign at its Yaoure Gold Project in Côte d’Ivoire (Ivory Coast) yielded impressive results. In a statement, John McGloin, Executive Chairman of Amara, said the campaign had “strong initial results” that confirmed earlier data and increased the company’s confidence in the potential of the […]

Here’s the current outlook on Gold and Silver. GOLD (XAUUSD) Dominant Bias: Bearish Gold was in an equilibrium phase for most of the month of May 2014, but price has now broken out in the direction of the bears. From a weekly high of 1301.28, the price has dived, reaching a low of 1255.77. This […]

Anglo Asian Mining plc, the AIM listed gold producer in Azerbaijan, has announced final audited results for the year ended 31 December 2013 (‘FY 2013’). Overview: · Steady production performance at flagship Gedabek gold-copper-silver mine in Azerbaijan in FY 2013 · Total gold production of 52,068 ounces (2012: 50,215 ounces) · Gold sales of 46,076 […]

Polymetal International has agreed to purchase a gold project in Kazakhstan for US$618.5 million, the London-listed mining company said on Thursday. In a statement, Polymetal said it has entered into binding agreements to acquire Altynalmas Gold (AAG) Ltd, the holding company of Kyzyl Gold Project, located in Northeastern Kazakhstan. The sale will be paid in […]

Prospect located in Soledad Mariana Resources Ltd, the AIM quoted exploration and development company focused in Peru and southern Argentina, announces positive results from its first drill hole of a 2000m campaign at the copper-gold-silver Soledad prospect in Peru located in the prospective Cordillera Negra metallogenic province approximately 34 km to the south of the […]

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 […]

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 […]