Mining

A day after the global mining powerhouse Anglo American plc (LSE:AAL) reported its production performance for the third quarter of 2012, the firm’s female CEO, Cynthia Carroll, declared she is stepping down from the post she held since 2007, a decision investors and market watchers cannot help thinking whether it is related with the recent […]

The world’s largest supplier of platinum said production of the expensive material used in reducing carbon emission for the current year will be lower than previously estimated as work stoppage that hit the group’s mining operations in South Africa took a chunk of its production for the third quarter of the year and in October. […]

Following months of negotiations, Sylvania Platinum Limited (LSE:SLP) has agreed to a wage settlement with the National Union of Mineworkers (NUM), which represented the platinum producer’s workers at its Eastern operations in the labour unrest-filled Rustenburg mining district in South Africa, in a bid to pre-empt any potential disruption arising from demands of pay increases. […]

Shares in Hochschild Mining (LSE:HOC) continued their upward trend this morning on the company’s third quarter results.  Up 5.00 pence to 515.50 from yesterday’s close by 10:30, the share price faded back to 512.50 by 14:00.  Though the stock has a pattern of spiking in both directions, still it is up 39% from 385.80 as […]

And so the screwing of Private Investors in AIM listed gold miner Shanta Gold (LSE:SHG) is completed. The company has today announced that it has raised $35 million (£21.8 million) in its bookbuild placing announced yesterday at 17p. The new investors will own 38% of the equity. We plebs have been rogered, we feel sore […]

Members of the Brisbane (Australia) Mining Club listened attentively today as Marius Kloppers, CEO of BHP Billiton (LSE:BLT) reported record production numbers for his company, but warned that the record commodity prices the industry has enjoyed for the last 10 years are about to return to long-term levels.  The mining industry has enjoyed the benefit […]

A lot of disappointments hurled at Shanta Gold Limited (LSE:SHG) today as the company revealed it is nearly out of cash to keep itself afloat after a loan provider deferred commitment to provide funding, following the gold explorer’s poor production performance brought about by operational issues at its Luika mine in Tanzania. Shanta is now […]

Shares of Firestone Diamonds plc (LSE:FDI), listed on the Alternative Investment Market in London, were heavily traded today as the diamond exploration and development company said rare diamonds were found from its flagship mine in Lesotho, Africa, promising the company of a potentially diverse diamond assortment of high quality and size. Over 69 million shares […]

It now appears that Bumi (LSE:BUMI) is going to be a headliner in London and there is no telling how long the play will go on.  Last evening Nat Rothschild, the conceiver and creator of the world of Bumi tendered his resignation to board chairman, Samin Tan. Having, quite obviously, hoped to pronounce his 2011 […]

Anglo American plc (LSE:AAL) has regained control of its Sishen iron ore mine in South Africa, ending a two-week coup d’etat of what was left of a handful of employees who seized the mine on 3rd October 2012, as a show of force to extract increase in pay resulting in another series of lost production […]