Mining

Shaft Sinkers (LSE:SHFT) is a support services supplier to the mining industry.  It is not currently highly capitalized at a mere £18.76 million, with its stock trading in the 40.0 pence range since October 2012.  Its share price on 27 April 2012 was 101.0 whilst on 27 April 2011 it had been at its high of […]

The mining sector has enough problems of its own without the publicity that BUMI (LSE:BUMI) and Eurasian Natural Resources Corporation (LSE:ENRC) have been providing lately. BUMI, conceived by Nathaniel Rothschild, has captured more in the way of headlines than in the way of investor confidence in the last 12 months.  A very public battle with […]

There has been perpetual massive sell-off on Petropavlovsk shares (LSE:POG) and this is a scenario that is expected to continue. It is unwise to look for bullish signals in this market right now (the bull’s supremacy is non-existent). One only grimaces at someone one sees (otherwise one is suffering from a mental condition). What would […]

Xstrata plc Chief Executive Officer Mick Davis has agreed with Glencore International plc to not take up the six month role of Chief Executive Officer and Executive Director of Glencore Xstrata plc (“Glencore Xstrata” or “the Combined Group”) following completion of the merger. Consequently Mr Davis will step down from Xstrata plc upon completion of […]

It’s been a 14-month distance that Glencore (LSE:GLEN) and Xstrata (LSE:XTA) have run, but the finish line is now within view as China’s Ministry of Commerce (MOFCOM) has approved the merger of the companies.  Thus the last and final obstacle to the merger’s completion has been removed.  The share price of Glencore was up 3.22% […]

Last week, on 09 April 2013, we published an article under the headline “Mining Stocks Make Major Gains.”  In that article we cautioned that “It’s going to take a steady stream of good news from the mining companies and commodity pricing in general for the F3MNG index to pass the 20,000 mark, which it has […]

UK mining share prices rallied today with a a long list of gainers on the F3MNG Index.  The entire sector was up by just under 3.0% at mid-afternoon, it’s biggest gain in a month. Kenmare Resources (LSE:KMR) was up 5.46% to 29.85.  Hochschild Mining (LSE:HOC) was up 4.82% to 280.50.  Petropavlosk (LSE:POG) gained 4.91% to […]

The past eight months have probably been the toughest in platinum mining giant Lonmin’s (LSE:LMI) history.  Losing CEO Ian Farmer to illness and suffering through the death of 34 men during labor riots at its Marikana mine virtually at the same time has been difficult to say the least. In an ADVFN article “Lonmin Closes […]

Here is the technical analysis forecast on Emed stock (LSE:EMED), based on the extant circumstances in the market.   Right now, the price has closed below the EMA 21 and is trading below it, while the Williams % Range period 20 has gone into the oversold situation. This means that the selling pressure is currently […]

Shares in AIM listed Tanzania gold miner Shanta Gold (LSE:SHG) have not covered me in glory. It has not been a disastrous share tip but it would be a lie to say that the stock has flown. I did have hopes of lift off as the shares reached 24p in January but today they sit […]