Mining

The newly-merged mining-giant, Glencore Xstrata, have written down Xstrata’s assets by $7.7bn. Announced alongside to a decline in half-year revenues, the results highlight difficulties for the company that may take years to resolve though senior management remain positive for the future. Commenting on the results Ivan Glasenberg, Glencore Xstrata’s CEO, said that they “again...

Glencore Xstrata (LSE:GLEN) share price tumbled this morning after the mining behemoth reported a first half loss of $8.9 billion.  The share price had dropped 1.49% and 4.20 pence by 1:00 pm, falling from 301.95 to 297.45.  This is a far cry from last year when pre-Xstrata-acquisition Glencore reported a $2.3 billion profit.  In fact, […]

Rare Earth Minerals stock (LSE:REM) is on the rise. Soon, it would become the rise and rise, based on the chart analysis explained here. The stock was recently caught in some kind of bearish run which dragged on for several months. It was a kind of consolidation to the downside. Since August 2013, the price […]

It’s that time of the year again for publicly-listed firms to submit their reports that show how well (or how bad) they performed. This time, it’s the second quarter finish. Talvivaara Mining At first glance, one can safely assume that Talvivaara (LSE:TALV) did not come out a winner six months since January of this year. […]

Leading mining company Rio Tinto has announced 2013 underlying earnings of $4.2 billion, down 18 per cent. The company argues that the result reflects lower average market prices and a higher effective tax rate, partly offset by record iron ore shipments and cost savings momentum. Rio Tinto’s net earnings of $1.7 billion include non-cash exchange […]

Fossil fuels affect us, and the world over, everyday. If we are not complaining about the price of petrol, then it is the utility bill at the end of the month. We rely on them, but they come with a frightening fee… In the news today, methane is leaking from the Arctic, a gas rig […]

Centamin plc (LSE:CEY) delivered a Q2 report that was astounding in terms of production at its Sukari gold mines.  Yet its share price tumbled this morning by 0.36% to 38.22.  Simply reading the report, one might expect the price to be ascending rather than descending.  Perhaps the fact that the Sukari project is in Egypt, […]

Medusa Mining shares (LSE:MML) are bound to continue falling further as the reality on the chart indicates. At the time of writing this forecast, the price was trading at 92.5, and it may fall further towards the support levels of 91.000 and 90.00 respectively. Historically, any upward surge in the price has invariably been a […]

Regular private and institutional buyers of rough emeralds in Singapore will have to leave the Southeast Asian Lion City and fly over five thousand miles to the African state of Zambia if they want to purchase the vitreous green mineral mined from the world’s largest emerald mine. Mila Kunis, spokeswoman for Gemfields (LSE:GEM), maybe disappointed […]

Alternative Investment Market-listed firms, International Mining and Infrastructure Corporation plc (LSE:IMIC) and Afferro Mining plc (LSE:AFF) have signed a definitive arrangement agreement for the acquisition of Afferro Mining by IMIC, both firms announced earlier today. Afferro, which had earlier received several offers, including from IMIC, since December 2012, agreed to the 120-pence per...