World

Eligibility of Software Development Law Tax Benefits MercadoLibre, Inc. (Nasdaq:MELI), Latin America’s leading e-commerce technology company, announced today that it has obtained approval from the Argentine Industry Secretary for income tax and payroll exemptions under a new software development law. These income tax and payroll exemptions are expected to not only reduce the effective...

Americas Posts Record Operating Results; Significant Progress Achieved in EMEA Modernization Steelcase Inc. (NYSE:SCS) today reported second quarter revenue of $819.0 million and net income of $37.2 million, or diluted earnings per share of $0.30. Excluding restructuring costs, adjusted earnings were $0.35 per share. In the prior year, Steelcase reported $786.7 million of revenue, diluted...

First Gold Pour at Pickstone-Peerless Gold Mine, Zimbabwe Vast Resources plc, the AIM-listed resource development and production company, has commenced production at its 584 hectare Pickstone-Peerless Gold Mine in Zimbabwe, with its first gold smelt producing 8.5kg of gold bullion, which will be delivered to the Fidelity refinery in Harare. This milestone follows the maiden […]

BHP Billiton’s share price (LSE:BLT) rebounded today as two new parts of the company’s developing story were revealed. By and large, investors will probably give much more attention to the cuts in executive pay than the other, just as significant story. BHP shares are up at 1,046.00 at 11:09 a.m. EDT. That is a gain […]

Interim Results Hummingbird Resources, the multi-project gold company, has announced its unaudited financial results for the six months ended 30 June 2015. Operational Highlights · Significant progress made in the development of the 1.8Moz Yanfolila Gold Project, Mali, ahead of first gold pour targeted for 2016 o Optimisation study highlighted increased size, extended life of […]

High Grade Copper Mineralisation Identified at the Aarja Prospect Block 4, Semail Ophiolite Belt, Oman Savannah Resources (LSE:SAV) has identified new high grade copper mineralisation on at the Aarja Prospect at its Block 4 permit following a detailed collation of historical data. The copper mineralisation is located along strike and under the previously mined Aarja […]

Update on Porcupine Licences, Offshore Ireland Europa Oil & Gas, the AIM quoted oil and gas company with producing and exploration assets in Europe, announces that, subject to an application being made to the Irish Authorities and approval granted, it intends to assume 100% interest in, and operatorship of, licences FEL 2/13 and FEL 3/13 […]

Mining shares were like an anchor for the FTSE today, during a period when the last thing the FTSE needs is an anchor. Although it was not the biggest loser of mining sector of the combined 1,034 losers on the LSE, BHP Billiton’s share price (LSE:BLT) fell more than 5.0% to 1,021.50, back the position it […]

Operational Update Goldplat plc, the AIM listed African gold producer, has announced further progress on capital projects aimed at improving the production and efficiency of its gold recovery operation in South Africa, Goldplat Recovery (Pty) Limited, an update on the progress at its Kilimapesa Gold in Kenya, and confirm GPL’s continued status as a Responsible […]

Maiden sale of copper concentrate at Manaila Polymetallic Mine Vast Resources plc, the AIM-listed resource, development and production company, has concluded a maiden sale of approximately 450 tonnes of concentrate at its 50.1 per cent. owned Manaila Polymetallic Mine in Romania. Of the concentrate sold, 40 tonnes constituted stock on hand produced prior to the […]