Avocet Mining: Speculation On PT Lebong Offer Talks Incorrect
10th Jun 2010 07:38
LONDON (Dow Jones)--Avocet Mining PLC (AVM.LN), an exploration company, announced Thursday that reports attributed to PT Lebong Tandai that it was interested in buying Avocet outright and that Avocet's management was supporting such a plan, are incorrect and without foundation. MAIN FACTS: -
Read moreAvocet Mining Plc Statement Re Press Speculation
10th Jun 2010 07:01
TIDMAVM RNS Number : 3666N Avocet Mining PLC 10 June 2010 ? Avocet Mining PLC 10 June 2010 AVOCET MINING PLC Statement re Press Speculation Avocet Mining PLC ("Avocet" or "the Company") notes further Indonesian press speculation that it h
Read moreMerukh Enterprises: Bought Avocet Assets In Indonesia, Malaysia For $250 Mln
10th Jun 2010 05:02
JAKARTA (Dow Jones)--PT Merukh Enterprises said Thursday that it has acquired Avocet Mining PLC's (AVM.LN) assets in Indonesia and Malaysia for $250 million. The Indonesian company, which is controlled by Yusuf Merukh, said in a press release that it was also interested in buying the London-base
Read moreWednesday tips round-up: Miners, G4S, Vitec
5th May 2010 06:51
Australia has just become the world's most-taxed mining economy after introducing a 40% super-tax. It will hit mining groups hard, but earnings were about to expand strongly anyway. Although a setback, there should still be enough profit to go around suggests the Telegraph. By far the most exposed
Read moreSmall caps round-up: ANT, Ariana Resources, Patagonia Gold...
4th May 2010 12:03
Digital media software designer ANT gained ground after German set-top-box maker Kathrein-Werke licensed the ANT Galio Platform to target the Hybrid Broadcast Broadband TV (HbbTV) market. HbbTV, launched in August 2009, combines broadcast TV and broadband TV to provide enhanced digital TV services
Read morePost-demerger buying at EnQuest
7th Apr 2010 16:28
EnQuest directors have been buying shares following the completion of the oil and gas explorer and producer's demerger from oil services provider Petrofac yesterday. Finance director Jonathan Swinney acquired 45,403 shares but it was the non-executives that made the large purchases. Non-executive
Read moreThursday tips round-up: Hikma, IG Group, Derwent
18th Mar 2010 06:12
Hikma's forecast of "low teens" growth in branded drugs in 2010 was lower than some stockbrokers ? such as Panmure Gordon ? had been expecting. The corollary is that Hikma expects US generic drugs and injectable medicines, its two other businesses, to grow more strongly than before. But at 580p, d
Read moreSmall caps round-up: Afren, ValiRx, ECO Animal Health
17th Mar 2010 15:23
Afren is wanted Wednesday after it signed an additional drilling contract for the GSF High Island Vll jack-up rig to carry out planned drilling on their assets located offshore South East Nigeria. "The second rig, secured at competitive rates, gives Afren and our indigenous partners the flexibility
Read moreSmall cap round-up: Matra, Strategic Natural, SWP...
17th Mar 2010 12:48
Losses at Matra Petroleum in 2009 reduced to €2.3m from €8.7m. Results of the A-13 well are expected in May and these will help us define the extent of the Sokolovskoe development. Operational difficulties have caused minor increases in the expected well costs from $4.5m to $4.85m, the company rem
Read moreInanta ramp-up going well for Avocet
29th Jan 2010 16:00
Gold miner Avocet Mining produced 25,877 ounces of the yellow stuff in the final quarter of 2009. That brought production for the first nine months of the company's financial year up to 82,174 ounces, little changed from the 82,544 ounces seen in the corresponding period of 2008. The average price
Read moreWednesday tips round-up: 888, Gem Diamonds, Avocet
23rd Dec 2009 06:33
The acquisition yesterday by 888 Holdings of Wink Online Bingo is not huge in the context of the internet gambling operator's £400m market capitalisation. But it is important, nevertheless, in that it significantly enhances the company's presence in the fastest-growing segment of the online gamblin
Read moreLondon close: Oils and pharmas shine
22nd Dec 2009 17:09
London equities added to the previous day's gains although a late pull-back ensured that rises were not as extensive as yesterday. Oil stocks and pharmaceuticals led the way higher. Cairn Energy enjoyed another strong day after it announced yesterday that it would start its drilling programme in G
Read moreLondon afternoon: Shares off the top
22nd Dec 2009 14:28
Leading shares came off the top over the lunch time period but most are still sporting reasonable gains, leaving the Footsie still within striking distance of its high for the year. Oil stocks are driving the index higher, particularly Cairn Energy and Royal Dutch Shell. Cairn Energy is enjoying
Read moreLondon midday: Shell leads advance
22nd Dec 2009 11:50
With two of its five most heavily weighted constituents notching up rises in excess of 2%, the FTSE 100 had a good morning session. Royal Dutch Shell and GlaxoSmithKline are the two heavy hitters boosting the blue-chip index's performance. Oil giant Shell gets a boost from firmer oil prices while d
Read moreAvocet starts gold production at Burkina Faso mine
22nd Dec 2009 09:57
Gold miner Avocet Mining has rallied on news that its Inata mine in Burkina Faso has started gold production. 'This milestone marks the commencement of production and commissioning at the Inata gold mine with an anticipated six month ramp up to full production,' said the firm. It expects productio
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