Mining

UK-incorporated gold exploration, production, and development company Allied Gold Mining plc (LSE:ALD) topped the trading board on the London Stock Exchange today following an offer to acquire the company that nearly doubled its market value. St. Barbara Limited (ASX:SBM), also a gold producer and explorer listed on the Australian Securities Exchange (ASX), offered to acquire […]

Global commodities giants Xstrata plc (LSE:XTA) and Glencore International plc (LSE:GLEN) have agreed on new terms of the management incentive arrangements in relation to the multi-billion pound merger of the two London-listed companies, in an effort to appease angry investors over pay packages of the top executives days before their shareholders decide on the fate […]

Coloured gemstones producer Gemfields plc (LSE:GEM) dropped 7.6% at the London Stock Exchange today following the results of the auction held by the company in Jaipur, India, which only sold a little more than a third of all the emeralds placed on offer. The Zambia-focussed explorer, miner, and seller only sold 3.47 million out of […]

Rio Tinto (LSE:RIO) shares were up 49.50 pence to 3,100.50 today as the company dominated financial headlines on several continents.  Rio’s share price had been in decline since 03 February through to 01 June, when it reached a low of 2,772.  As the upward trend continued today, it may be that long-haul investors are on-board […]

Russian gold miner Petropavlovsk plc (LSE:POG)  issued a revised guidance for 2012 ahead of the half year report it will submit in August, prompting the share price of one of Russia’s largest gold producer to jump as high as 12% in midday trading on the London Stock Exchange. In a statement released earlier today, Petropavlovsk […]

Precious metals explorer Mariana Resources Limited (LSE:MARL) has concluded the diamond drilling programme for its Las Calandrias Project, in the southern province of Santa Cruz, Argentina is falling short in the total target length due to “extreme weather conditions”. Updating the public today, the South American-focussed exploration and development company said they were only able […]

India-focused gold miner Kolar Gold (LSE:KGLD) Limited said Wednesday their JORC-compliant gold resource more than trebled, following a completion of an 8,000-metre drill programme in the South Kolar licence area. In a statement released to the public and the financial authorities, the new resource estimate now stands at 195,000 ounces of gold at an average […]

Mineral processing technologies provider Alexander Mining (LSE:AXM) revealed today it proposes a capital restructuring for approval by its shareholders, triggering a drop of the company’s shares on the London Stock Exchange today. Acutely Challenging In a statement issued earlier today, Alexander Mining said the company “in common with a multitude of other companies in the […]

Xstrata (LSE:XTA) is making news on several fronts today. With the news of a potential merger with Glencore International already on the table, significant developments are happening involving Canadian operations and Middle Eastern investors. With these stories breaking around midday, there has been little time for market reaction. Nonetheless, XTA shares were up 11.50p to […]

Nautilus Minerals (LSE:NUS), the world’s first company to explore the seafloor for mining copper, gold, zinc, and silver producing deposits, announced an agreement for the sale of 1.1 million metric tonnes of ore per year to Tongling Non-Ferrous Metals Group Co Ltd. The Agreement The agreement is expected to commence with the first delivery of […]