Resource round-up: Edenville, Condor Gold, African Eagle
3rd Jul 2012 09:58
Edenville Energy, the African coal exploration and development company, reported promising tests at its Namwele mine in Tanzania. The firm said initial drilling and sampling confirmed the presence of coal bearing strata extending out along strike from previous workings and occurring at depth. The fi
Read moreSector movers: Dollar weakness lifts metal processors
15th Jun 2012 16:38
With the dollar declining and making metals cheaper, it was a good day for the Industrial Metals and Mining Sector. Berkeley Mineral Resources (BMR) missed out, however, after signing an agreement with Chinese metals processor Yunnan Xiangyun Feilong Non-ferrous Metal. The two are planning to form
Read moreResources round-up: Berkeley Mineral, Shaft Sinkers, Empyrean
15th Jun 2012 14:45
Berkeley Mineral Resources, the metals processing company, has signed a memorandum of understanding (MoU) with Yunnan Xiangyun Feilong Non-ferrous Metal, a refiner of zinc, lead and associated metals in the People's Republic of China. The MoU covers a period of six months, during which exclusivity
Read moreResources round-up: Vialogy, Sefton, Berkeley Mineral ...
2nd May 2012 11:59
ViaLogy, a service provider to global oil and gas exploration and production companies, hit a 52-week high after it announced an unnamed major oil and gas company had deployed the AIM-listed tiddler's patented QuantumRD processing technology. Not only is the identity of the customer secret, so is th
Read moreResource Round-up: ViaLogy, Berkeley Mineral Resources, Nostra Terra
16th Apr 2012 08:48
Shares in oil exploration technology firm ViaLogy leapt in early trading on Monday after the firm said one of the early adopters of its technology, Atascosa Exploration had successfully drilled another oil well in Texas using analysis provided by ViaLogy products. The latest success is the third com
Read moreSector movers: Metals/mining stocks tumble after FOMC statement
4th Apr 2012 15:55
The industrial metals and mining stocks were the worst performers of the day on Wednesday as commodity prices took a tumble on the back of comments from the US central bank. Last night's minutes from the latest meeting of the Federal Open Market Committee showed that members had become less incline
Read moreCut price Tesco shares flying off the shelf
20th Jan 2012 11:54
Ken Hydon, a non-executive director of Tesco, the UK's largest supermarket chain, has filled his trolley with £96,000-worth of shares, just a week after the retail giant issued a warning which said trading profit would be flat for the 2012-13 financial year. Hydon, who is chairman of the firm's au
Read moreLondon close: Footsie jumps late on
20th Dec 2011 16:32
A successful Spanish bond auction and some uplifting confidence data helped lift sentiment and boost the Footsie to its highest level of the day by the close. After trading within a narrow range for the majority of the day, the blue chip index rocketed in afternoon trading, tracking US markets highe
Read moreLondon midday: Banks and pharmas drag Footsie lower
20th Dec 2011 11:54
London's blue chip index was slightly down at midday, despite a temporary stint in the blue, with heavyweight banking and pharmaceuticals stocks providing a drag. The Footsie nevertheless has been trading within a narrow range, with just 33 points separating the intraday low and high. The European
Read moreBerkeley Mineral Resources soars on copper option
20th Dec 2011 08:47
Berkeley Mineral Resources, the Zambia-focused minerals company, has seen its share price shoot up 8% this morning after announcing it has bought an option on stockpiles of copper tailings located in the Chingola area in the north of the country. Tailings are the residue of mining activity which of
Read moreBerkeley Mineral to cash in on zinc and lead dump
25th Nov 2011 08:04
Berkeley Mineral Resources (BMR), the firm which owns the disused Kabwe mine in Zambia, says it is in discussions to sell on one of the huge residue dumps that it currently owns. In the mining industry, residue material is known as "tailings". Kabwe mine has three major dumps of tailings and they a
Read moreBerkeley Mineral Resources sees more value at Kabwe mine
23rd Nov 2011 09:18
Berkeley Mineral Resources, the company which aims to extract zinc and lead from residue dumps at the disused Kabwe mine in Zambia has begun re-drilling slag stockpiles. This phase of drilling is being carried out with the "percussion drills" necessary to provide samples that can be assessed by sci
Read moreGlencore non-exec buys first shares
30th Aug 2011 17:19
Non-executive director Peter Coates has opened his account in Glencore, spending £320,000 on shares in the Swiss commodity trading house. He took 82,700 shares at 387.2p a time and has already banked a tidy profit, with the shares closing just short of 400p today. Coates is the chairman of Austral
Read moreDragon's Den's Peter Jones puts up the money
15th Aug 2011 13:17
Dragon's Den entrepreneur and business tycoon Peter Jones has used some of the proceeds of his sale of one of his telecoms businesses, Wireless Logic, to buy more shares in the online consumer electronics business eXpansys He bought 35,634,200 shares at 2.42p. Jones, the non-executive deputy cha
Read moreBerkeley will go ahead with share placement and one acquisition
10th Jun 2011 11:57
Miner and metals processor Berkeley Mineral Resources has today announced that its due diligence on BMR's proposed purchase of all the remaining stockpiles of tailings, not presently owned by it at the Kabwe mine, in Zambia, has been completed satisfactorily. The acquisition is now expected to go
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