Mining

Shares of iron ore producer, African Minerals Limited (LSE:AMI), closed an eighth lower than their value on the London Stock Exchange today, after the mining firm admitted its current financial capacity is limited even as it released over half a billion dollars of fund and is in discussions with lenders to extend credit. African Minerals, […]

AIM-listed, Latin America-focussed gold miner Minera IRL (LSE:MIRL) has today announced a resource update for its Don Nicolas project in the mining-friendly Santa Cruz province of Argentina. These are shares I previously recommended on t1ps.com ( the site I founded in 2000 and edited until September this year before leaving to establish the new Nifty […]

After nine months of intense negotiations and 11th hour calls, shareholders of Anglo-Swiss commodities and mining giants, Glencore plc (LSE:GLEN) and Xstrata plc (LSE:XTA), have finally approved the “merger of equals” to create a global natural resources powerhouse. However, Xstrata shareholders rejected the £88 million Revised Management Incentive Arrangements, which would have provided...

Shareholders of leading platinum producer, Lonmin plc (LSE:LMI) approved the proposed rights issue to raise funds needed to rehabilitate the company’s balance sheet following the multi million pound losses incurred during the tragic events at its South African mines. In a statement early afternoon today, world’s number three platinum miner said about 91.1% of the […]

Poised to end the year with a much lower production than what had previously been reduced, Talvivaara’s Board of Directors revamped its composition resulting in a change of leadership as its Chief Executive Officer was replaced, a day after the Finland-focussed nickel and zinc producer announced the metals recovery plant is still shut following a […]

South Africa is prone, like most African States, to erupt in a flurry of violence when the last straw breaks the camel’s back. The situation at Marikana, wherever the blame lies, has unfortunately been unscrupulously capitalised upon by those wishing to shift the balance of power in the run up to the Mangaung (Bloemfontein) ANC […]

Shares of nickel and zinc producer, Talvivaara Mining Company plc (LSE:TALV), recovered a few pence earlier today after the firm said the leakage in its Sotkamo mine in Finland has stopped but were still down by more than a fourth of their value before the leakage happened 10 days ago. At 11:45 AM GMT, Talvivaara’s […]

Shares of nickel and zinc producer, Talvivaara Mining Company plc (LSE:TALV), recovered a few pence earlier today after the firm said the leakage in its Sotkamo mine in Finland has stopped but were still down by more than a fourth of their value before the leakage happened 10 days ago. At 11:45 AM GMT, Talvivaara’s share […]

The world’s largest mining group, BHP Billiton plc (LSE:BLT) is breaking its engagement with its diamond business after deciding to sell Canada’s first diamond mine to jewellery designer Harry Winston for US$500 million, in line with the miner’s move to transform itself into a “simpler business”. In a statement, BHP Billiton said it has signed […]

The share price of Nautilus Minerals (LSE:NUS) has had more peaks and valleys in the five and one-half years it has been listed on the London Exchange than the topography of the ocean floors that it explores.  Company shares have been in steep decline since peaking at 168.00 on 30 March.  NUS closed yesterday at […]