Mining

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 […]

Shares of global diversified miner Anglo American plc (LSE:AAL) were being drilled on two accounts today, as its iron ore business on both sides of the Atlantic, the costly Minas – Rio Project in Brazil and the strike-hit Kumba Iron Ore in South Africa, suffered setbacks that are anticipated to hurt the company’s 2012 financial […]

AIM Listed Firestone Diamonds (LSE:FDI) was a duff tip from me from my days at t1ps.com. Even when you average gain per tip over 12 years was 42.7% you have losers and this was one of them. I advised bailing out at 6.125p on October 25th. Results are out today, the shares are still 6.125p but […]

Cape plc (LSE:CIU) issued an interim management statement this morning for the quarter ending 30 September.  At 8:05 am the share price was 196.60.  Forty-nine minutes later at 8:54 am, the share price had dropped to 169.50.  By 10:18, the stock had recovered to 186.00, down 76.00 pence and 30% from Friday’s close of 262.00. […]

“The publication of today’s results closes a painful chapter in Lonmin’s history,” Roger Phillimore, Chairman of the Board of major platinum producer, Lonmin plc (LSE:LMI), began his message in the release of the company’s 2012 final results that drilled the company into a loss greater than that during the height of the global financial crisis […]