Global News

The London Exchange has already closed and the traders are making their way over the river and through the streets to Grandmother’s House.  (Grandmother’s House is a small pub near Piccadilly Circus.)  Soon they will be on their way home to ensure that the stockings are hung by the chimney because it’s already obvious that […]

Sable Mining Africa (LSE:SBLM), the AIM listed exploration company, had announced its results for the six month period ended 30 September 2013. OVERVIEW: – Focussed on the rapid development of the high grade, high margin, low capital expenditure 123.5km2 Nimba Iron Ore Project in Guinea – Nimba already the second largest undeveloped on- or near-rail […]

African Potash (LSE:AFPO), the AIM listed company focussed on sub-Saharan potash assets, has announced its final results for the year ended 30 June 2013. Highlights: · Acquisition of an indirect 70% interest in the Lake Dinga Potash Project in the Republic of Congo – located in a widely recognised potash bearing region and surrounded by […]

The higher you raise your flag, the more people will shoot at it.  Mark Zuckerberg, Facebook (NASDAQ:FB) founder and CEO, has come to understand that there is a lot of difference between an on-campus, social media creation and the the megalith that Facebook has become.  Founded just ten years ago in a college dorm room, […]

African Consolidated Resources (LSE:AFCR), an AIM listed resource and development company focused in Zimbabwe, has released results for the six months to 30 September 2013. Operational Highlights: Reporting Period: · Completion of Definitive Feasibility Study on Pickstone Peerless oxide cap · Confirmation of 3.2Moz JORC Resource estimate at Pickstone Peerless by SRK Consulting (South Africa...

Armadale (LSE:ACP),an AIM quoted investment company focused on natural resource projects in Africa, have issued updated JORC Code Compliant Resource estimate at the Mpokoto Gold Project in the Katanga Province in the south of the Democratic Republic of Congo . Highlights: · 35% increase in total Mineral Resource to 510,000oz gold (‘Au’) from 11.2 million […]

Ferrex (LSE:FRX), an AIM quoted iron ore and manganese development company focused in Africa, has signed a binding Term Sheet with Anglo American plc and Kumba Iron Ore (Pty) Ltd , a leading supplier of iron ore and member of the Anglo American group, to advance its Mebaga DSO Iron Ore Project in Gabon, West […]

Africa Oilfield Logistics (LSE:AOL), an AIM listed African focused support services and logistics company, has raised £4.5 million (approximately $7.3m) by way of a placing of 60,000,000 new ordinary shares in the Company at a price of 7.5 pence per Placing Share with existing and new institutional investors. The funds raised will be used to […]

Ferrex (LSE:FRX), an AIM quoted iron ore and manganese development company focused in Africa, has said that it has raised approximately £700,000 before costs by way of a placing of 36,114,427 new ordinary shares in the company at a price of 1.95 pence per Placing Share with institutional investors. Additionally, for every two Placing Shares, […]

Earlier this morning British pharmaceutical giant GlaxoSmithKline (LSE:GSK) announced a complete revamping of it incentive pay plans for its sales staff and of incentives paid to doctors for promoting its products.  For whatever reason, investors seems to have panicked on the London Exchange.  As I am writing, it will be only a matter of minutes […]