Dec 12 2011 @ 07:38
Afferro Mining (
LSE:AFF) has announced that it is to sell its 38.5% stake of the Libereian Putu iron ore project to Russian mining giant Severstal. The AIM listed west-African firm announced that it had reached the agreement, worth at least £115m, so that it could focus on its Cameron iron ore project. In a statement […]
Dec 09 2011 @ 08:58
Karelian Diamond Resources Plc (
LSE:KDR) announced successful initial results from a sampling programme on its Riihivaara target on Friday, prompting a 13.3% rise in shares to 2.125 p by the mid-afternoon. Sampling Operation Overview Following a basal till sampling programme on the target, which is located in the Kuhmo area near the company’s diamondiferous Seitapera […]
Dec 02 2011 @ 03:55
In a statement released on Friday, Churchill Mining Plc (
LSE:CHL) announced that it has filed a formal letter with the Republic of Indonesia, appealing to senior government officials for a solution to their current investment dispute. In response to the news, the share price went up over 50% to 14.5p by the early afternoon. In […]
Nov 30 2011 @ 09:01
Solomon Gold Plc (
LSE:SOLG) announced on Wednesday a resource upgrade for their Rannes site in Central Queensland, Australia. The news drove the share price up over 40% by mid-afternoon trading. The statement released by the company on 30 November informed investors that the Inferred Resource Estimate at the Rannes site has increased by 20% from […]
Nov 30 2011 @ 08:53
Angel Mining Plc (
LSE:ANGM) released a statement containing unaudited financial information for the six month period ending 31 August, 2011. The news propelled the share price down as far as 28% in early trading on Wednesday. Financial Results The company reported a loss of $1,654,000 for the period, a dramatic reduction from the same period […]
Nov 24 2011 @ 10:26
Serabi Gold Plc (
LSE:SRB), a UK based gold exploration company with an operational focus on Brazil, released a statement on Thursday announcing positive preliminary results from drilling activities on the south-eastern strike extension of their Palito deposit. The AIM traded company share price was up 2.5% at 3:11 pm GMT following the news release. Operational […]
Nov 23 2011 @ 10:06
African-based diamond miner and explorer, Namakwa Diamonds Limited (LON: NAD) announced today it has converted US$16.03m trading debt into 66,791,667 new ordinary shares. Approved by shareholders, the deal sees a $40m two-year secured term loan – of which $23 m has been drawn – continuing to remain available to the company. The conversion of debt […]
Nov 23 2011 @ 10:02
Tailings processsing company Berkeley Mineral Resources (
LSE:BMR) announced on Wednesday its continued verification and assessment work at the Kabwe mine in Zambia. BMR shares were trading 4.3% higher at 2.4p by mid-morning trading. The announcement comes in connection with the pre-feasibility study being conducted on the resources at the project, washplant, slags, and leachplant...
Nov 17 2011 @ 09:24
In a statement released on Thursday, Mariana Resources (
LSE:MARL), an AIM listed mining firm based out of Australia, announced that it has agreed to the terms of an investment by AngloGold Ashanti Limited, giving the gold giant a 19.9% stake in the company. Mariana was up 32% in mid-day trading on Friday. Deal Details Subject […]
Nov 16 2011 @ 07:43
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 […]