Mining

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, Since we last wrote the UK flagship Index closed 2013 +14.4%, capping off a terrible year for its miners (-30% to -60%) but a great one for the likes of airlines (+100 to +120%) and financial services (+35% to […]

Anglo Asian Mining (AIM:AAZ), an AIM listed gold producer in Azerbaijan, has issued positive exploration updates from new drilling undertaken just north of its flagship Gedabek gold, copper, silver mine in western Azerbaijan. Overview: – On-going ~3,000m drilling programme has shown continuation of a high grade gold zone just 400m north of the Gedabek operating […]

Nyota Minerals Limited (AIM:NYO), the gold exploration and development company in East Africa, announces that it has completed the sale of 75% of the issued share capital of Nyota Minerals (Ethiopia) Limited, the company’s subsidiary that owns 100% of the Tulu Kapi Gold Project in Ethiopia and the proximal exploration licences. The 75% stake in […]

The bears are bent on pushing the shares price on Tri-Star Resources (LSE:TSTR) further southwards. Sometimes the simplest truths are the best. A tree that is too young to support our weight when we lean upon it cannot kill us if it falls upon us. In this market, the bulls have proven to be undependable, […]

Seeing Machines (LSE:SEE) made a mark today with a 16.7% increase in its share price. Every so often we need to take time to look at some of the smaller companies on the London exchange like Seeing Machines.  Afterall, these are the ones where a lot of money can be made once the company reaches a […]

Alecto Minerals (LSE:ALO), an AIM quoted mining exploration company focussed on West and East Africa, has issued an update focussed on three target areas, Massakama and Gourbassi East and West from its 100% owned Kossanto Gold Project in western Mali. Highlights: · Expansive potential of Kossanto continuing to unfold – sampling of two newly discovered […]

Strategic Natural Resources shares (LSE:SNRP) remain upbeat as they struggle to shrug off the influence of the recent bearish trend on them. Should the price go above the market level of 10.00, and then above the EMA 200, it would be the start of a long bullish journey. There are 4 EMAs on the chart […]

FinnAust Mining (LSE:FAM), an exploration company with several highly prospective projects in Finland, has said that drilling has commenced at its Hammaslahti Copper Project in southern Finland. The initiation of drilling at Hammaslahti represents the beginning of a near continuous 10,300m 11 month rolling drilling campaign across three high-priority copper-gold and nickel-copper-PGE projects;...

click here. Beacon Hill Resources (LSE:BHR)  the AIM and ASX (ASX:BHU) listed coal producer, has said that it has entered into an agreement to acquire, in stages, up to a 70% interest in the prospecting and exploration licence 3788L (‘Licence 3788L’) which has strong potential for Pig Iron mineralisation located in the Tete Province of […]

Touchstone shares (LSE:TGL) have been falling and things would remain downbeat. The price has been trending downwards for most past of this year, losing thousands of points along the way. The price would have a leg down, show some stabilization, and then show another leg down. Any reversal formations on the charts have been transitory […]