Mining

Here’s the current outlook on Gold and Silver. GOLD (XAUUSD) Dominant Bias: Bearish Gold was in an equilibrium phase for most of the month of May 2014, but price has now broken out in the direction of the bears. From a weekly high of 1301.28, the price has dived, reaching a low of 1255.77. This […]

Anglo Asian Mining plc, the AIM listed gold producer in Azerbaijan, has announced final audited results for the year ended 31 December 2013 (‘FY 2013’). Overview: · Steady production performance at flagship Gedabek gold-copper-silver mine in Azerbaijan in FY 2013 · Total gold production of 52,068 ounces (2012: 50,215 ounces) · Gold sales of 46,076 […]

Polymetal International has agreed to purchase a gold project in Kazakhstan for US$618.5 million, the London-listed mining company said on Thursday. In a statement, Polymetal said it has entered into binding agreements to acquire Altynalmas Gold (AAG) Ltd, the holding company of Kyzyl Gold Project, located in Northeastern Kazakhstan. The sale will be paid in […]

Prospect located in Soledad Mariana Resources Ltd, the AIM quoted exploration and development company focused in Peru and southern Argentina, announces positive results from its first drill hole of a 2000m campaign at the copper-gold-silver Soledad prospect in Peru located in the prospective Cordillera Negra metallogenic province approximately 34 km to the south of the […]

The biggest financial news of the day, for me at least, is that the new company, formerly known as Glencore Xstrata (LSE:GLEN), and known before that as two companies, i.e., Glencore and Xtrata, shall now henceforth officially be called Glencore. Its EPIC ID will still be GLEN. The impact of the announcement at the company’s […]

Anglo-Australian mining firm, Rio Tinto (LSE:RIO) said its Pilbara mining operations has achieved its optimum run rate of 290 million tonnes a year (Mt/a) two months ahead of schedule. The company earlier stated Pilbara will reach its nameplate capacity during the second half of the year. In a statement, Rio Tinto’s Chief Executive Andrew Harding […]

The protracted industrial action at Lonmin’s (LSE:LMI) mines in South Africa compounded by low prices of PGM metals and inflation have found their way to the income statement of the world’s number three producer of platinum. Lonmin’s underground production at its main operations in Marikana,  plunged 81 percent to only about 500,000 tonnes during the […]

HORIZONTE MINERALS UPDATE AND FINANCIAL RESULTS FOR THE FIRST QUARTER 2014 AND MANAGEMENT’S DISCUSSION AND ANALYSIS FOR THREE MONTHS ENDED 31 MARCH 2014 Horizonte Minerals Plc, (AIM:HZM) the nickel development company focused in Brazil, announces that it has today published its unaudited financial results for the three month period to 31 March 2014 and the […]

Three year Copper sales contract signed with Industrial Minerals SA Anglo Asian Mining plc, the AIM listed gold producer, has announced that it has signed a three year contract with Industrial Minerals SA (‘Industrial Minerals’), a Geneva based integrated trading, mining and logistics group, to become Anglo Asian’s exclusive partner for sales of its copper […]

A year after Glencore and Xstrata merged into one of the world’s largest commodity trading and mining company, the Anglo-Swiss London-listed firm reported today its first full year production. Saved for zinc, production of every other natural resource that the FTSE 100 company mines was up. “Marketing performance during the quarter, across all business segments, […]