Mining

The protracted industrial action at Lonmin’s (LSE:LMI) mines in South Africa compounded by low prices of PGM metals and inflation have found their way to the income statement of the world’s number three producer of platinum. Lonmin’s underground production at its main operations in Marikana,  plunged 81 percent to only about 500,000 tonnes during the […]

HORIZONTE MINERALS UPDATE AND FINANCIAL RESULTS FOR THE FIRST QUARTER 2014 AND MANAGEMENT’S DISCUSSION AND ANALYSIS FOR THREE MONTHS ENDED 31 MARCH 2014 Horizonte Minerals Plc, (AIM:HZM) the nickel development company focused in Brazil, announces that it has today published its unaudited financial results for the three month period to 31 March 2014 and the […]

Three year Copper sales contract signed with Industrial Minerals SA Anglo Asian Mining plc, the AIM listed gold producer, has announced that it has signed a three year contract with Industrial Minerals SA (‘Industrial Minerals’), a Geneva based integrated trading, mining and logistics group, to become Anglo Asian’s exclusive partner for sales of its copper […]

A year after Glencore and Xstrata merged into one of the world’s largest commodity trading and mining company, the Anglo-Swiss London-listed firm reported today its first full year production. Saved for zinc, production of every other natural resource that the FTSE 100 company mines was up. “Marketing performance during the quarter, across all business segments, […]

Drilling commences at Soledad Gold-Silver-Copper prospect in central Peru Mariana Resources, the AIM quoted exploration and development company focused in Peru and southern Argentina, has commenced a 2000m drilling programme at the Soledad gold-silver-copper Prospect in Peru. The Project is located in the prospective Cordillera Negra metallogenic province approximately 34 km to the south of...

Here’s the current outlook on Gold and Silver. GOLD (XAUUSD) Dominant Bias: Bearish There is not yet any Bullish Confirmation Pattern in this market, unless the price goes above the resistance level at 1300.00. As long as the price stays below the resistance levels, the bias remains bearish. Last week, there were large downswings and […]

Here’s the current outlook on Gold and Silver. GOLD (XAUUSD) Dominant Bias: Bearish Gold is now a turbulent market as a result of the upswings and downswings in the price which are brought about by cut-throat struggle between the bull and the bear. The overall bias has been bearish: although there is a speculation that […]

LSE:AAZ Anglo Asian Mining plc, the AIM listed gold producer in Azerbaijan, has provided a production and operations update from its Gedabek gold/copper/silver mine and Gosha gold mining operation in western Azerbaijan for the three months to 31 March 2014. Overview: · Gold production at Gedabek for Q1 2014 totalled 11,312oz (8,597oz from the agitation […]

Anglo-Australian oil and mining firm BHP Billiton (LSE:BLT) is raising its outlook for its iron ore and coal outputs for the 2014 fiscal year, BHP Billiton’s Chief Executive, Andrew Mackenzie said, Wednesday. In a statement, Mackenzie, who will be in his first year as CEO of BHP Billiton on May 10th, said the company is […]

Global mining giant Rio Tinto (LSE:RIO) revealed Tuesday morning its iron ore production fell on account of “seasonal weather patterns” affecting its Australian mines. In its first quarter report for 2014, the London-listed firm produced 66.4 million tonnes (Mt) of iron ore, six per cent lower than its output in the last quarter of 2013. […]