Red Rock Resources sells interest in Jupiter Mines
5th Jul 2013 14:11
Red Rock Resources has sold a 67.3 per cent stake in Jupiter Mines for 2.8m Australian dollars. The mining company, which has an iron ore project in Greenland, a producing gold mine in Colombia, and interests in steel feed, said 40.5m shares were disposed. Red Rock now owns 19.6m shares in Jupite
Read moreRed Rock Resources estimates 1.2m ounces at Mikei Gold Project
14th Dec 2012 15:31
AIM-listed Red Rock Resources has completed its JORC-compliant Mineral Resource estimate for the Mikei Gold Project in Kenya, estimating 1.2 million ounces. The share price was up 15.24% to 1.21p at 15:21 on Friday. MF
Read moreResources round-up: Red Rock, Nostra Terra, Kalimantan
29th Oct 2012 09:00
Mining company Red Rock Resources has discovered extensions to the folded banded iron formation at Havik East, Greenland. Having returned to the drilling site after initial drilling in July, the strike length of the banded iron formation (BIF) has been confirmed at 1,500 metres, with a 250 metres do
Read moreResources round-up: Mariana, Red Rock, Nighthawk
19th Oct 2012 09:13
Mariana Resources, the mineral exploration company focused on South America, has completed due diligence and is press on with the earn-in option with Condor Resources for the Condor de Oro project in Northern Peru, as detailed in its announcement on October 4th. Condor has granted Mariana two opti
Read moreSector movers: ENRC leads miners lower after profits drop
15th Aug 2012 15:48
Heavy falls for Eurasian Natural Resources Corp (ENRC) and a host of heavyweight resource stocks saw the mining sector fall to bottom of the pile on Wednesday. Diversified mining giant ENRC was trading over 8% lower in afternoon trade after reporting that it was hit by a fall in commodity prices an
Read moreRed Rock submits application for lease in Kenya
15th Aug 2012 13:15
Red Rock Resources, an exploration and mining company, has submitted an application for a mining lease covering the Macalder Tailings Reprocessing Project (MTRP) in south west Kenya. The tailings - ground rock and process effluents that are generated in a mine processing plant - include 1.3m tonnes
Read moreResource round-up: Leni, Wildhorse, Noricum ...
18th Jul 2012 09:02
Wildhorse Energy, the specialist underground coal gasification (UCG) company, has signed a cooperation agreement with the Hungarian government to allow UCG projects in the country. In a statement Wildhorse says: "Both parties believe that this could provide Hungary with an opportunity to develop its
Read moreRed Rock and Anglo Pacific have big Ida
2nd May 2012 11:40
Mining firm Red Rock Resources and commodities investor Anglo Pacific have cemented their royalty revenue agreement over the Mount Ida iron ore project in Australia. The deal will see Anglo Pacific acquire 0.75% of royalties from the project in which Red Rock holds a 1.5% interest. It's set to cos
Read moreAnglo Pacific looks to tap into Aussie iron ore project
6th Feb 2012 07:30
FTSE 250 natural resources royalties company Anglo Pacific has agreed to a proposal to buy 50% of Red Rock Resources' Mount Ida iron ore royalty for $14m. The Mount Ida magnetite project is located in Western Australia and is currently being developed by Jupiter Mines Limited. On January 19th 2011,
Read moreRed Rock plummets on weak mine data
19th Dec 2011 08:32
Red Rock Resources, the mining and exploration company, has released updated estimates for the amount, and type, of gold available at its El Limon mine in Colombia. The firm admits, however, these estimates "have been completed without independent verification and without the use of modern ...meth
Read moreLondon open: Flat start after S&P warning
6th Dec 2011 08:23
UK stocks opened flat on Tuesday morning as yesterday's optimism surrounding the key Merkel-Sarkozy meeting and an upcoming EU summit was outweighed by some worrying comments from Standard & Poor's (S&P). S&P WARNS OF MASS EUROZONE DOWNGRADE Reports of a impending credit rating agency action on th
Read moreRed Rock Resources reports rise in gold sales
6th Dec 2011 08:03
Red Rock Resources, the gold mining company, says November sales from its Colombia project were ahead of the previous month. By 30 November preliminary sales figures from the El Limon mine were 520.8 ounces compared to the October figure of 509 ounces. November was still behind September, however,
Read moreRed Rock Resources up 30% on big profits
29th Nov 2011 15:30
Shares in miner Red Rock Resources were up almost a third at one point today after it announced full year profits had almost tripled. The company said pre-tax profits for the year ended 30 June were just under £14m, up from £4.75m the previous year. Earnings per share rose from 0.65p per share to
Read moreRed Rock feeds a hungry gold market
4th Aug 2011 15:38
On Wednesday miner Red Rock Resources said it had significantly increased gold sales from its mines in Columbia. The firm said in the month ending 31st July its preliminary figures showed gold sales of 361 ounces, compared to 273 ounces in the previous month. The news led to a slight recovery in R
Read moreEngland expects with £85,000 ITE purchase
8th Jul 2011 16:21
Non-executive director Neil England has taken advantage of a weak spell in the share price of ITE Group, splashing out £85,000 on shares in the FTSE 250-listed exhibitions organiser. He took 40,000 shares at 213.5p a share and now had 50,000. ITE organises exhibitions in areas such as the oil and
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