Mining

Mineral processing technologies provider Alexander Mining (LSE:AXM) revealed today it proposes a capital restructuring for approval by its shareholders, triggering a drop of the company’s shares on the London Stock Exchange today. Acutely Challenging In a statement issued earlier today, Alexander Mining said the company “in common with a multitude of other companies in the […]

Xstrata (LSE:XTA) is making news on several fronts today. With the news of a potential merger with Glencore International already on the table, significant developments are happening involving Canadian operations and Middle Eastern investors. With these stories breaking around midday, there has been little time for market reaction. Nonetheless, XTA shares were up 11.50p to […]

Nautilus Minerals (LSE:NUS), the world’s first company to explore the seafloor for mining copper, gold, zinc, and silver producing deposits, announced an agreement for the sale of 1.1 million metric tonnes of ore per year to Tongling Non-Ferrous Metals Group Co Ltd. The Agreement The agreement is expected to commence with the first delivery of […]

Stellar Diamond (LSE:STEL), a West-African focused diamond mining and exploration company, announced today that its licences in the Kono region of Sierra Leone may well be in jeopardy. The Licences, initially granted in January of 2005, allow the company to carry out its operations in the region. The licences were renwed in May of last […]

Philippines-focused Copper Development Corporation (LSE:CDC) is seeking a trade sale or a joint venture of its Hinoba-an Project, south of the country, following the release of a Comprehensive Technical Report (CTR) that referred to the project as “financially attractive”. Background Story The Hinoba-an Project, located in the island of Negros 700 kilometres south of the […]

Share prices of Sierra Rutile Limited (LSE:SRX) were up over 6% to 54.12p at midday today following a very positive production update on their first quarter. The Report Production Production of rutile ore was 48% higher than during the first quarter of 2011, whilst ilmenite production increased 57% over the same period.  Actual rutile production […]

Shares of African Minerals (LSE:AMI) skyrocketed upwards by 81.25p to 591.25p this morning on the company’s announcement of a $1.5 billion investment by Shandong Iron & Steel Group in the company and its Tokilili project in Sierra Leone. The price has leveled off at 551.00p, still an 8% increase, by early afternoon. Transaction Summary The […]

Surface coal mines operator ATH Resources (LSE:ATH) lost more than a fifth of its market value today, after the UK-based company disclosed it may be ending the current fiscal year with about £6 million in loss of revenues and costs. Trading on the Alternative Investment Market of the London Stock Exchange, ATH Resources closed at […]

Thor Mining (LSE:THR) was heavily trading today, prompting the dual-listed gold-and-tungsten-focused company to issue a statement they are not aware of any price sensitive information that needs to be disclosed to the public. Over 21 million shares switched owners at 3:30 PM, London time, peaking at 1.77 pence in early trading on the Alternative Investment […]

Switzerland-based commodities giant Glencore (LSE:GLEN) International more than doubles its basic earnings per share (EPS) as it revealed its 2011 full year results, its last time to report before merging with global mining company Xstrata. Glencore, which became public in May last year, saw its Basic EPS jump 106% from US$0.35 to US$0.72, resulting from […]