LSE Market News

Shares of gold explorer and producer Pan African Resources (LSE:PAF) are trading 8.1% higher than yesterday’s close to 16.75 pence after the company released Wednesday its earnings per share (EPS) topped 83% more than last year’s 0.55 pence for the six month period ending 31 December 2011. Headline earnings per share reached 93% higher than the previous […]

Caledonia Mining (LSE:CMCL) is aiming to produce 40,000 ounces of gold in 2012 from Blanket Mine, Zimbabwe. This projection is due to the impressive results the company realised in 2011. Blanket Mine is situated at about 150 Km south of Bulawayo, which is Zimbabwe’s second city. The mine was acquired from Kinross Gold in 2006. […]

In a bid to cover the most anticipated event of the year, Pinnacle Telecom (LSE:PINN) has secured the contract to provide BBC International and its’ world media partners with data, connectivity, and voice services for the worldwide broadcast coverage of the 2012 London Olympics. With an audience of four billion expected to follow the event, […]

Goldplat plc (LSE:GDP), an AIM-listed gold producing and exploration company, released operational updates today reflecting positive developments in its’ mining projects and processing plants in Africa. Speaking on behalf of the company, CEO Demetri Manolis expects to increase the total mining resource from three mining projects to be “in excess of 1 million ounces of […]

Independent oil exploration company Cove Energy (LSE:COV) has received bidding from BP for a possible takeover. Neither company has released any statements regarding the news. BP is the latest addition to the growing number of companies reported to be interested in acquiring Cove Energy since it opened itself up for a bid on 5 January […]

Dragon Oil (LSE:DGO), the oil and gas company based in Dubai, United Arab Emirates recorded a huge increase in growth for 2011. The company’s production of oil increased to 61,500 barrels of oil per day during the previous year. Remarkably, this represented a 30% increase from 2010. Reasons for Impressive Growth The company’s impressive growth […]

Vodafone Group (LSE:VOD), the telecommunications giant, has been exonerated from paying taxes and penalties totaling to $4.4bn (£2.8bn) by the Indian Supreme Court.  The verdict could come as good news to other foreign corporations, which have been charged in court on similar grounds. Accusation against Vodafone Vodafone was accused of not paying the required taxes […]

SABMiller (LSE:SAB), one of the largest brewing companies in the world, today said they were able to record excellent volume growth in line with expectations, despite having declines in sales in certain regions for the third quarter ended 31 December 2011. Improving growth In Latin America, lager volumes indicated a strong growth, with volumes increasing […]

AIM-listed President Petroleum (LSE:PPC) released a statement today estimating 50 million barrels of oil that was not previously accounted for has been discovered at the Pozo Escondido Field in Argentina. Previous figures at PE field indicated that there were only 20 million barrels of cretaceous stacked oil in place. The PEE-1001 well in the Pozo […]

BHP Billiton (LSE:BLT), the world’s largest mining company, is predicting increased iron ore production in the current financial year, disregarding earlier predictions of a slowdown in the global economy. The prediction comes as BHP reported that its second-quarter iron ore production increased by a better-than-expected 22% . The company said ore production was 41.1 million […]