Mining

Savannah Resources plc (LSE:SAV), has said that it has completed its first drilling programme at the Company’s 80% owned Jangamo heavy mineral sands project, located in a world-class mineral sands province in southern Mozambique. Highlights: · 27 holes, for a total of 1,812m of reverse circulation (‘RC’) drilling were completed to assess the prospectivity of […]

Noricum Gold Limited (LSE:NMG), the Austrian focused gold exploration and development company, has provided an update on its 2013 work programme at the Company’s 100% owned Rotgülden Gold and Precious Metals Project , which is currently focused on defining the extent of mineralisation already identified at the previously producing mine, one of four targets delineated […]

There has been a significant northward breakout on African Potash (LSE:AFPO), following an exponential rise in the market, as seen on the chart. The bulls have been goosed into action, and the price may be trading above the distribution territory of 3.00 soon thereafter. The price broke out of the upper Trendline, and closed above […]

The Petra Diamonds (LSE:PDL) share price tumbled by 2.5 pence today to 111.70, a 2.2% drop, proving once again that diamond mining is not for the faint of heart investor.  It is believed that the decline is a result of the company’s first quarter 2014 production and sales report.  Apparently, there is a new corollary […]

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 […]