Mining

Platinum miner Lonmin (LSE:LMI) watched its share price gain 19.4 pence to 347.50 this morning, a leap of 5.91%, following the release of its impressive, 38-page final report for the year ending 30 September 2013. Financial Focal Points Although Lonmin’s total revenue declined to $1.52 billion from $1.61 billion in 2012, the company’s focus on […]

Metminco shares (LSE:MNC) are a bone of contention in that certain investors find it difficult to forecast the next price target. This is no wonder since the situation on the chart itself reveals the indecisiveness of the market. Thus whatever happens here would affect either the buyers or the sellers. What affects the eyes is […]

Mariana Resources (LSE:MARL), an AIM quoted exploration and development company focused in Peru and southern Argentina, has announced that following successful due diligence, it is proceeding with the option to earn a 70% interest in Condor Resources Inc. (TSX-V:CN) 100% owned 7.13 sq km gold-silver-copper Soledad prospect in Peru. The Soledad property is located in […]

Mining giant GlencoreXstrata (LSE:GLEN) and its cousin, Antofagasta (LSE:ANTO) released their production reports for the third quarter today.  Drops in the share price of both companies help to drag the FTSE 100 down from it ethereal heights. Antofagasta shares dropped 3.68% to 864.50, a difference of 33.0 pence.  By comparison GlencoreXtrata shares slid 0.55% to […]

Mariana Resources (LSE:MARL), the AIM quoted exploration and development company focused in Peru and southern Argentina, have released details about an initial drilling programme at its Condor de Oro Gold-Copper-Silver Project, located along the prolific gold-copper Cordillera del Condor belt in Northern Peru. Overview: · Initial 5 hole/1,500m diamond drill programme to test the Pucayacu...

The share price of African Barrick Gold (LSE:ABG) continued to gain ground on the London Exchange today.  A 9.9% increase over yesterday’s close to 186.70 continues a recovery that began on 13 July, when the share price was at 105.10,  and an unabated upward trend that commenced on 14 October.  ABG shares were valued at […]

Ariana Resources (LSE:AAU) have released JORC Resource Estimate for the Kizilcukur and Ivrindi projects which are 100% held by the company outside of the Red Rabbit Joint Venture in Western Turkey. Highlights: -27,600 oz Au equivalent JORC Inferred added to the resource base from two satellite prospects, Kizilcukur and Ivrindi, located in the vicinity of […]

Once upon a time there were mining giants.  They mined huge amounts of different ores all over the world.  In order to get their mining done, the giants needed the help of elves.  WRONG STORY!  They needed that help of other giants.  One of them was a giant Caterpillar.  The Caterpillar became very rich and […]

Ariana Resources (LSE:AAU) , has provided a further update on its recent exploration programme across the Red Rabbit Joint Venture project area in Western Turkey, following on from initial results announced on the 23 September 2013. Highlights: -Ten new drill-ready targets defined on well-mineralised veins (rock-chip values typically exceeding 5 g/t Au) at the Kiziltepe […]

Armadale (LSE:ACP), an AIM quoted investment company focused on natural resource projects in Africa, has reported that the Mine Restoration Investments Ltd, in which Armadale holds a 40% interest, has made progess during initial production at its coal briquetting plant. In a statement the Board of Directors said it was “pleased to announce further that […]