Mining

Mining giant Anglo American plc (LSE:AAL) is to post an underlying loss of US$225 million for the 2012 financial year for its platinum business after its 80%-owned Anglo American Platinum Ltd ended the previous year in a 180-degree turn from profit to loss, following a challenging trading environment. In a statement, the Johannesburg Stock Exchange-listed […]

Lucian Miers is one of the UK’s best known short sellers – the other is Evil Knievil. The two men sometimes work together but from his lair in the East End (of Winchester), the man known as the Bard of the Boleyn often flies solo. And today is Lucian Day. You can read a full […]

Lonmin’s share price soared 12% by 1:15 pm today, gaining 37.80 to arrive at 352.80 after reaching 354.80 during noon-hour trading. The world’s third largest platinum mining group’s first quarter Production Report gave investors something to shout about after several months of not such good news.  CEO Ian Farmer resigned in December due to illness. […]

Fox Davies has published a broker research report this morning on yesterday’s H2 production numbers from AIM listed Russian gold miner Highland Gold (LSE:HGM), a stock I also favour. The note is upbeat and reads: “Highland Gold has released its production figures for the 2H of 2012. Production for the half was 106,185oz of gold […]

Sam Bottell who spent two years working with Minesite.com and is a thoroughly knowledgable chap when it comes to gold and mining stocks is right now putting the finishing touches to a special report explaining who some metals prices will increase sharply this year (gold and platinum) whilst others (copper) will not make gains. And […]

Petra Diamonds (LSE:PDL) presented a stellar first half performance in a trading update this morning, 29 January 2013.  Petra reported a 31% increase in production and an 54% increase in revenue. Petra mining operations yielded 953,553 carats in the first half of FY2012.  FY2013 has begun with 1,247,522 carats.  However, the company also said that […]

Mining giant Anglo American plc (LSE:AAL) is to write down the value of its Minas-Rio iron ore project by US$4 billion two years before the project is expected to produce its first shipment, the company reported today. The announcement came alongside an increase in capital expenditure to the tune of US$8.8 billion, a figure the […]

Brazilian Research   I get sent all kinds of research and documents from all over Brazil.  I recently received this which was produced by BTG Pactual which you might find interesting: Stick with the quality names, even if they aren’t a bargain. Switch to cheap/out-of-favor plays or stick with good/expensive ones? The dilemma most investors […]

Vale (BOV:VALE5) Suspends Argentinian potash project Vale (BOV:VALE5)  has announced the suspension of the Rio Colorado potash project in neighboring Argentina while it analyzes changes in the economic fundamentals of the project. Vale has an investment of $ 5.2 billion in this project. Vale (BOV:VALE5) said towards the end of last year that Rio Colorado […]

Dual AIM and TSX (Canada) listed West African focused gold mining company, Amara Mining (LSE:AMA) has announced 2012 production results for its Kalsaka mine in Burkina Faso ahead of a full-year results announcement scheduled for 27th March. I commented positively on the company in November and the following updates my view after this latest news […]