Mining

Thor Mining Up After Issue of Equity

17 Nov 2011 @ 00:43
Thor Mining Plc (LSE:THR) released a statement on Wednesday announcing a successful raise of capital totalling £270,000.  Shares were up 17.9% to 1.15p at 10:51 am GMT. The capital was raised by placing 27,000,000 Ordinary shares to UK sophisticated clients at 1p per share. The placement of funds is scheduled to be completed by 29 […]
 

Beowulf Mining slumps to 52-week low

15 Nov 2011 @ 02:54
Following a JORC report Beowulf Mining’s (LSE:BEM) share value has fallen to a 52-week low of 17.25 during morning trading, compared to a 52-week high of 76.75. The maiden Joint Ore Reserves Committee (JORC) report on Beowulf’s Kallak North iron ore site cited deposits of 131.6 million tonnes grading 28 per cent iron. Combined with […]
 

Caledonia Mining Strikes Gold With Q3 Profits

11 Nov 2011 @ 03:35
Canadian-based Caledonia Mining (LSE:CMCL), traded on the AIM, is up 40% in mid-morning trading following an announcement of positive third quarter results. Caledonia Mining focuses its exploration and operations on Africa, with a gold mine in Zimbabwe, two platinum-nickel exploration projects in South Africa, and a cobalt-copper exploration project in Zambia. Operational Highlights The...
 

Kalimantan Gold Shimmers After Consistent Gains

11 Nov 2011 @ 02:55
The junior mining company is up nearly 30% over the last four days. Kalimantan Gold Corporation Limited (LSE:KLG) is an AIM listed mining company focused on gold, copper and coal prospects in Kalimantan, Indonesia. 10 November Press Release The company’s gains were perpetuated Thursday with a 6.5% increase in share price following a positive news […]
 

Anglo Asian Production Fears

08 Nov 2011 @ 02:17
Anglo Asian Mining (LSE:AAZ) has announced an interest reduction on a US$15 million loan amidst concern over production volume. The AIM listed mining firm secured the reduction from the International Bank of Azerbaijan after completing an initial loan repayment of US$2 million. With mining interests in Caucasia and Central Asia, Anglo Asian commenced gold production […]
 
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