Mining

Alecto Minerals plc (LSE:ALO), the AIM quoted mining exploration company focusing on West and East Africa, has said that it has raised £1,500,000, before expenses, through the issue of 100,000,000 new ordinary shares of 0.01p each at 1.5p per share. The net proceeds of the Placing will be used to further advance the Company’s flagship […]

Armadale, an AIM quoted investment company focused on natural resource projects in Africa, has welcomed the announcement by Mine Restoration Investments Limited, in which Armadale holds an interest of approximately 40%, to commence full coal briquetting commercial production. MRI is listed on the Alt-X Exchange of the Johannesburg Stock Exchange and aims to develop profitable […]

North River has submitted its Environmental Impact Assessment and Environmental Management Plan to the Namibian Ministry of Environment and Tourism, for its Namib Lead & Zinc Project. Colin Christian and Associates, an experienced Namibian environmental consultancy, completed the EIA on behalf of North River. The report is the culmination of almost two years of an […]

Atlantic Coal, an AIM listed anthracite coal mining company operating in Pennsylvania, USA, has announced a production and sales update for both the quarter and full year ended 31 December 2013 from its Stockton Anthracite Mine , located near Hazleton, Pennsylvania. Q4 2013 Key production and sales fundamentals: ● 45% increase in clean coal production […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, It’s been a cracking week for the UK’s FTSE 100, finally breaking-out above those 6775 bugbear festive highs to revisit October highs of 6820 and 6840 levels last seen in late May. helped by a largely positive and taper-supportive […]

If there was an albatross around the neck of the FTSE during 2013, it had to have been the entire mining sector. If the sector had performed better as a hole – er, I mean as a whole – who knows what heights the FTSE could have hit during the year. But, as was the […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, Since we last wrote the UK flagship Index closed 2013 +14.4%, capping off a terrible year for its miners (-30% to -60%) but a great one for the likes of airlines (+100 to +120%) and financial services (+35% to […]

Anglo Asian Mining (AIM:AAZ), an AIM listed gold producer in Azerbaijan, has issued positive exploration updates from new drilling undertaken just north of its flagship Gedabek gold, copper, silver mine in western Azerbaijan. Overview: – On-going ~3,000m drilling programme has shown continuation of a high grade gold zone just 400m north of the Gedabek operating […]

Nyota Minerals Limited (AIM:NYO), the gold exploration and development company in East Africa, announces that it has completed the sale of 75% of the issued share capital of Nyota Minerals (Ethiopia) Limited, the company’s subsidiary that owns 100% of the Tulu Kapi Gold Project in Ethiopia and the proximal exploration licences. The 75% stake in […]

The bears are bent on pushing the shares price on Tri-Star Resources (LSE:TSTR) further southwards. Sometimes the simplest truths are the best. A tree that is too young to support our weight when we lean upon it cannot kill us if it falls upon us. In this market, the bulls have proven to be undependable, […]