Sector movers: Fresnillo leads miners lower
4th Jan 2013 16:19
Mining stocks were under heavy selling pressure on Friday afternoon as the sector pulls back after a decent performance over the past month. Even including today's 1.05% average drop, mining stocks have jumped around 10% over the last 30 days. Precious metals miner Fresnillo was hammered today, le
Read moreEurasia Mining extends Monchetundra licence in Russia
4th Jan 2013 11:30
Eurasia Mining said Friday its Monchetundra exploration licence for palladium mineralisation in the Kola Peninsula in Russia has been extended for another year. The company also hopes to apply for another production licence when it expires in December. Eurasia has identified platinum group metals
Read moreLondon open: Footsie unchanged as another quiet day expected
23rd Nov 2012 08:24
UK stocks was broadly unchanged on Friday morning in anticipation of another quiet day on markets with Wall Street only open for half a session following Thanksgiving yesterday. "European headline shares opened tentatively today as investors remained apprehensive towards risk-on assets in the face
Read moreEurasia Mining confirms extension of licence at West Kytlim
23rd Nov 2012 07:56
Eurasia Mining has confirmed the extension of its exploration licence at West Kytlim covering the Tylai-Kosvinsky Placer in the Urals Region of Russia. The permit has been extended for another two years until the end of December 2014 as the company believes further exploration is required in sever
Read moreResources round-up: Astar Minerals, Nostra Terra, Eurasia Mining
27th Sep 2012 09:05
Astar Minerals, an operator of quarries in British Columbia, has signed a heads of terms with Aggregates West to operate a number of quarries based in an area between the US/Canadian border and Seattle. Aggregates West as a number of sites with high quality reserves of sand and gravel and either own
Read moreSector movers: Miners dragged lower by updates and metals prices
9th Sep 2011 16:04
The miners were out of favour on Friday, dragged lower by some announcements by blue chip metals producers and falling metals prices, Anglo American, the UK-listed multi-metal mining giant allegedly eyeing up a counter bid for Macarthur Coal, has walked away from the potential acquisition, accordin
Read moreEurasia Mining losses grow
9th Sep 2011 09:19
Platinum minerEurasia Mining reported increased losses for the half year to 30 June. Pre-tax losses increased from over the same period the previous year from £187m to £389m. Chairman Michael Martineau said: "Over the last six months, progress has been made at Eurasia's West Kytlim alluvial plat
Read moreEurasia Mining soars after reserves jump 81%
8th Sep 2011 15:09
Shares in AIM-listed Russian miner Eurasia Mining rocketed on Thursday afternoon after the firm was able raise its estimated reserves at its West Kytlim alluvial platinum project by 81%. The company said that the Federal Agency for Natural Resources has approved two further areas of additional rese
Read moreEurasia Mining spin-off seeks $2.2m
14th Mar 2011 18:23
AIM-quoted Eurasia Mining is placing a 55% stake in the Kamushanovskoye uranium project in Kyrgyzstan into Energy Resources Asia (ERA), which it owns jointly with Afrasia Mining & Energy Investment Holdings. Optiva Securities is raising $2.2m for ERA so this will dilute Eurasia's shareholding. The
Read moreNational Grid boss buys more shares
2nd Feb 2011 17:27
National Grid's chairman Sir John Parker today spent nearly £110,000 building up his stake in the power and gas grid operator. He bought 20,000 shares at 549.5p a time and now has 134,712. National Grid said that its operating profit is "significantly ahead of last year" in its trading statement f
Read moreEurasia acquiries uranium project stake
17th Jan 2011 13:56
Eurasia Mining is acquiring a 10% interest in the Kamushanovsky uranium project in Kyrgyzstan. AIM-quoted Eurasia is interested in the project because it is near to production. A bankable feasibility study is being prepared and development of the mine should commence by the end of this year. "Pr
Read moreLondon close: Footsie takes small step back
29th Oct 2010 17:24
The movements of the FTSE 100 index appeared to be directed by a lackadaisical Grand Old Duke of York today, and the blue-chip index finished (more or less) neither up nor down. British Airways was lower even though it swung to a profit in the first half as the airline improved yields and cut costs
Read moreSmall caps round-up: Sabien Tech, Worthington, VANE...
29th Oct 2010 15:25
Sabien Technology has reported a 44% increase in yearly revenue to £0.97m from £0.68m previously. For the year ended 30 June, pre-tax loss more than halved to £0.34m from £0.83m. The group, engaged in the manufacture and sale of energy-saving devices for boilers and air conditioning, is expected to
Read moreEurasia Mining Raises GBP130,000 By Placing 13 Million Shares
30th Jun 2010 13:39
LONDON (Dow Jones)--Eurasia Mining PLC (EUA.LN), an international mineral exploration company, said Wednesday it has raised GBP130,000 by way of a placing of 13 million new ordinary shares at 1 pence per share with an additional warrant for every one placing share subscribed for, through WH Ireland
Read moreEurasia Mining Awaiting West Kytlim License, Sees Modest Capex
16th Jun 2010 13:21
LONDON (Dow Jones)--Eurasia Mining PLC (EUA.LN), said Wednesday it is awaiting the granting of a production license for the West Kytlim license area and it anticipates that capital commitment needed will be modest, although some capital investment will be required for the Dragline Excavator and a po
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