Mining

Regular private and institutional buyers of rough emeralds in Singapore will have to leave the Southeast Asian Lion City and fly over five thousand miles to the African state of Zambia if they want to purchase the vitreous green mineral mined from the world’s largest emerald mine. Mila Kunis, spokeswoman for Gemfields (LSE:GEM), maybe disappointed […]

Alternative Investment Market-listed firms, International Mining and Infrastructure Corporation plc (LSE:IMIC) and Afferro Mining plc (LSE:AFF) have signed a definitive arrangement agreement for the acquisition of Afferro Mining by IMIC, both firms announced earlier today. Afferro, which had earlier received several offers, including from IMIC, since December 2012, agreed to the 120-pence per...

Diversified mining giant Rio Tinto plc (LSE:RIO) will keep its diamond business, the London-based firm in the midst of a divestment programme to strengthen its balance sheet hit by higher cost and falling commodity prices last year, said Monday. In a statement, Rio Tinto said it decided to retain ownership of one of the largest […]

Arian Silver stock (LSE:AGQ) now tries to find some bottom after an over-extended bear market. Could this be the beginning of a protracted rally or could it be just a pause in the context of a downtrend? The answer to the next possibility is given below, plus it pays to check the price data constantly […]

Recently minted commodities and mining powerhouse Glencore Xstrata said today the firm was able to raise a new set of syndicated credit facilities to replace the previous ones held by Glencore and Xstrata before they merged. An overwhelming show of confidence in the one of the world’s largest mining company was given by 80 banks, […]

Mining giant Rio Tinto plc (LSE:RIO) has agreed to sell its nickel-and-copper mine in United States as part of its cost-cutting measures, the Anglo-Australian firm divulged earlier today. In a statement, Rio Tinto said it has reached a binding agreement to sell the Eagle Project for US$325 million in cash to Toronto-based firm Lundin Mining […]

If you are impressed with the performers on ‘Britain’s Got Talent,’ wait until you see the stars that Glencore Xstrata (LSE:GLEN) is bringing the to stage!  The Company’s share price, which has lagged since the merger, was up modestly this morning by 0.48% to 303.95, a 1.45 pence increase. As predicted back in April, many […]

Goldplat stock (LSE:GDP) has been in a bearish mode since the last year and it has remained so till now. This is bias that would inevitable continue. The EMA period 50 has been sloping downwards for the most part of this year. Historically, any rallies – which were few and far between – had given […]

Today is 31 May 2013.  Bumi (LSE:BUMI), the bane of Nat Rothschild’s existence, has, at long last, released its final report for the year ending 31 December 2012.  Its share price did absolutely nothing for the 39th consecutive day because trading of Bumi shares was suspended on the London exchange on 22 April for the […]

In spite of the recent downtrend and the current turbulent volatility in the market, Leyshon Resources (LSE:LRL) is going north. The price had already been making some northward attempt in this month, before it gapped upward earlier this week. Whether the gap is filled or not, there is a northward determination in the market. Here, […]