Mining

Between 19 September and 24 September the share price of Bumi (LSE:BUMI) dropped 47.7% from 282.00 to 147.60 as tensions mounted between board members, in particular Nat Rothschild, and the Bakrie family over operational irregularities and corporate governance at the company’s Indonesian mining operations. The last two days have added a new twist to the […]

The long term bearish wave on BUMI (LSE:BUMI) is being obviated as the bulls receive approbation to continue their normal activities. This means that BUMI stock is expected to continue to rise. This happens at the time when some other stocks are also rising. Nevertheless, positive biases are not the only cause of this bullish […]

Amidst the uncertainty of the global market and the volatility in the prices of commodities it produces, mining giant Rio Tinto is to assure its investors today that it is still an investment of choice, boosting confidence back at the City as shares rallied minutes before the company holds its investors seminar in London and […]

I am bombarded with emails today insisting that Norseman Gold PLC (LSE:NGL) is in administration. It is not. I think I know where the confusion lies, let me explain. There has been no news from Norseman today ( contrary to assertions from some BB posters). However AIM listed North River Resources (LSE:NRRP) has issued the […]

When playing the natural resource development game, BHP Billiton (LSE:BLT) is like a Grand Master who has earned a special bonus.  In a world when the company is virtually unbeatable on even ground, the horizontally-integrated giant plays chess with a different set of rules.  If controlling the board is the object of the game (last […]

Amidst a disciplinary hearing of its striking employees from its platinum operations, global natural resources miner Anglo American plc (LSE:AAL) is now faced with a new group of strikers from its iron ore mine in South Africa, marking the first industrial action in the iron ore industry in the country since labour unrest erupted in […]

African Barrick Gold (LSE:ABG) share price was up over 10 pence to 460.7  in early trading on the LSE this morning. Although the price eased back to 457.8 during the noon hour, it is still above yesterday’s close of 455.00.  The share price has been on the rise since 23 July when it reached a […]

I am contacted by a couple of angry Norseman Gold (LSE:NGL) shareholders asking if they can sue the company following today’s appalling news. It is bad, there is no getting away from it but the story is not played out in full. So, firstly READ THE NEWS and why this does not mean that Norseman […]

I tipped East West Resources (LSE:EWR) – the stock formerly known as Ambrian when it was a gold investment company called Golden Prospect at 5.25p back in October 2001. The shares peaked at c60p as the company became an investment bank. Today the stock is back at 11.375p. I was a total git for not bailing […]

Precious stones miner Gemfields (LSE:GEM) will have another 20 years to exploit the world’s largest emerald and beryl resource located in Zambia and will shift to underground mining in two years’ times, the company said today. The decision was based on the new underground feasibility study and mineral resource estimate of Gemfields’ 75%- owned Kagem […]