Red Rock Resources sells Colombian assets
14th Apr 2015 09:08
Gold miner Red Rock Resources has reached an agreement to sell its El Limon gold assets to Colombia Mining for $5m (£3.4m). The London-listed group said the payment for the sale of its Colombian assets included $100,000 it had already received and up to $3m in future royalty payments. Red Rock chai
Read moreRed Rock Resources FY losses narrow on the back of lower costs
21st Nov 2014 16:34
Mineral exploration firm Red Rock Resources said its pretax loss for the year had narrowed, due to a reduction in costs. Pretax loss for the year ended 30 June fell from £22.1m to £4.1m, as costs declined and the firm did not book any impairment costs. Meanwhile, the firm announced that it will rec
Read moreRed Rock shares soar as Resource Star purchases Cloud Lands firm
13th Nov 2014 16:39
Mineral exploration firm Red Rock Resources said on Thursday that Resource Star, in which it holds a 15.2% stake, had exercised its option to acquire an Australian cloud computing service. Australian-listed Resource Star announced it had reached a deal to purchase Cloud Lands Digital Fortress, thoug
Read moreRed Rock Resources part-owned mine beats production target
1st Sep 2014 12:29
Red Rock Resources on Monday reported that Jupiter Mines's Tshipi Borwa Manganese mine, in which it holds a 1.2% stake, achieved above-target production of 1.1m tons of manganese in its first year of production. For the current year, which began at the start of March, 2m tons are projected, with p
Read moreFund manager adds to majority stake in Manchester & London Investment Trust
5th Jun 2014 15:21
Mark Sheppard, the investment manager of Manchester & London Investment Trust (MLIT), has bought nearly £1.9m of shares in the closed-ended investment company. Sheppard, from MLIT's parent Manchester & Metropolitan Investment and MLIT's fund manager Midas Investment Management, bought 712,071 share
Read moreRed Rock shares soar on Resource Star's Texan oil plan
2nd Aug 2013 14:38
Shares in Red Rock Resources carved out gains of nearly 15 per cent after it emerged its Australian associate intends to buy a stake in a Texan oil project. Resource Star, which is 39% owned by Red Rock, has struck a binding agreement to buy a 50% stake in D-Bar Leasing from Searex Petroleum. The
Read moreRed 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,
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