Mining

Anglo Asian Mining (LSE:AAZ), the AIM listed gold producer in Azerbaijan, is pleased to announce that it has appointed Mr Sean C. Muller as a Director of Geology with immediate effect. Mr Muller’s non-Board role will be primarily focused on further advancing the exploration and development of Anglo Asian’s flagship Gedabek gold, copper, silver mine […]

Sable Mining Africa (LSE:SBLM), an AIM listed exploration company, have released details of a 32% increase in its JORC Code compliant resource at the Nimba Iron Ore Project in south-east Guinea (‘Nimba’ or ‘the Project’) following expansion exploration drilling. Overview: · 32% tonnage increase in JORC Code compliant Mineral Resource at Nimba to 178.4Mt, up […]

The board of Centurion Resources (LSE:CEN), the AIM quoted natural resource company has announced the proposed acquisition of the entire issued share capital of FinnAust Mining plc, an exploration company with extensive holdings in Finland. The consideration for the Acquisition is £7.7 million and will be satisfied by the issue of the Consideration Shares. In […]

Alecto Minerals (LSE:ALO), an AIM quoted mining exploration company focussed on West and East Africa, has provided an update on the Company’s exploration activities at its 207 sq km Kossanto Gold Project in the prospective Kenieba Inlier in western Mali. Overview: · Discovered new highly prospective high grade gold area within the southern section of […]

Savannah Resources plc (LSE:SAV), has said that it has completed its first drilling programme at the Company’s 80% owned Jangamo heavy mineral sands project, located in a world-class mineral sands province in southern Mozambique. Highlights: · 27 holes, for a total of 1,812m of reverse circulation (‘RC’) drilling were completed to assess the prospectivity of […]

Noricum Gold Limited (LSE:NMG), the Austrian focused gold exploration and development company, has provided an update on its 2013 work programme at the Company’s 100% owned Rotgülden Gold and Precious Metals Project , which is currently focused on defining the extent of mineralisation already identified at the previously producing mine, one of four targets delineated […]

There has been a significant northward breakout on African Potash (LSE:AFPO), following an exponential rise in the market, as seen on the chart. The bulls have been goosed into action, and the price may be trading above the distribution territory of 3.00 soon thereafter. The price broke out of the upper Trendline, and closed above […]

The Petra Diamonds (LSE:PDL) share price tumbled by 2.5 pence today to 111.70, a 2.2% drop, proving once again that diamond mining is not for the faint of heart investor.  It is believed that the decline is a result of the company’s first quarter 2014 production and sales report.  Apparently, there is a new corollary […]

Platinum miner Lonmin (LSE:LMI) watched its share price gain 19.4 pence to 347.50 this morning, a leap of 5.91%, following the release of its impressive, 38-page final report for the year ending 30 September 2013. Financial Focal Points Although Lonmin’s total revenue declined to $1.52 billion from $1.61 billion in 2012, the company’s focus on […]

Metminco shares (LSE:MNC) are a bone of contention in that certain investors find it difficult to forecast the next price target. This is no wonder since the situation on the chart itself reveals the indecisiveness of the market. Thus whatever happens here would affect either the buyers or the sellers. What affects the eyes is […]