Mining

Here is the current outlook on Gold and Silver. GOLD (XAUUSD) Dominant Bias: Bullish As it was forecasted before, the price on Gold has become bullish and the perpetual bullish attempts in the market (in spite of some occasional pullbacks, which are often transient) are now conspicuous. From the support level at 1277.50, the price […]

Savannah Resources has agreed to acquire interests in the highly prospective Block 5 and Block 6 copper projects in Oman from Gentor Resources Inc. Savannah says the acquisition of these projects, which contain part of one of the best preserved copper-rich Ophiolite belts in the world, forms part of its growth strategy of building a […]

Glencore Xstrata (LSE:GLEN) is selling its copper mine in Peru to a consortium of Chinese companies, the giant mining firm reported authorities earlier today in London. The FTSE 100 firm said in a statement, it is selling its Las Bambas copper mine project to three Chinese firms for US$5.85 billion in cash, plus reimbursement of capital expenditure […]

London listed mining firm Vedanta Resources, as previously announced, has released its production results for its last quarter and the full year, ahead of a conference call to be attended by senior management at 9:00 GMT today. Vedanta, a diversified natural resources miner with interests in silver, lead, copper, zinc, iron ore, aluminum, power, and […]

Centamin (LSE:CEY) share price is trading down just under 2.0% from yesterday’s close at 53.30. At mid-afternoon CEY is at 52.25, following release of the company’s first quarter 2014 production results. I suggest that it takes a great deal of patient understanding when reading a report like Centamin’s. Gold’s Not Glittering Like It Used To […]

Touchstone stock (LSE:TGL) has long become a bears’ paradise. There has been a steep decline in the price; which was punctuated by short-term rallies and further dips. This kind of bias has really benefitted the bears, since they have learned how to make fortunes from this kind of market. A tormentor makes his victims hardy. […]

Here is the current outlook on Gold and Silver. GOLD (XAUUSD) Dominant Bias: Bullish The bias on Gold was recently bearish, but the precious metal has been trying to reject further southward move. The effort to reject further southward move became serious throughout last week when the price found a bottom at the support level […]

Here is the current outlook on Gold and Silver. GOLD (XAUUSD) Dominant Bias: Bearish Gold is now a bear market. It started trending downwards last week. The precious metal topped at the resistance level of 1392.00, and since then, the price has dropped by a significant amount of points. There is now a Bearish Confirmation […]

Uranium Resources plc, the AIM-listed uranium exploration and development company in Tanzania, has said that it has entered into a further US$300,000 loan facility agreement with its major shareholder and strategic investor Estes Limited. The loan, which is unsecured, is available for the period to 1 January 2015 and bears interest at LIBOR, will be […]

Ferrex, an AIM quoted iron ore and manganese development company in Africa, has announced it has entered into Placing Agreements to raise £1.655million gross through the issue of 92,500,000 ordinary 0.5p shares in the Company. The funds raised will be used to continue the development of the Company’s low capex African iron ore and manganese […]