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Mining Sector: DiamondCorp down after Lace workers go on strike

DiamondCorp’s (LON:DCP) shares fell after Association of Mineworkers and Construction Union members went on strike at the company’s Lace diamond project in the Free State province of South Africa. The strike began at 6 o’clock this morning over management’s refusal to employ two full-time salaried shop stewards. The Commission for Conciliation, Mediation and Arbitration has […]

Mining Sector: Eurasia Mining up after grant of ‘discovery certificate’

Eurasia Mining (LON:EUA) shares were up in late trading after it was granted a ‘discovery certificate’ for a 21.5sq km area of alluvial platinum reserves on the Tylai-Kosvinsky Placer at its West Kytlim exploration licence in the Urals, Russia. The certificate is awarded for a new discovery of platinum (with minor gold) and gives Eurasia […]

Mining Sector: Eurasia Mining up after grant of ‘discovery certificate’

Eurasia Mining (LON:EUA) shares were up in late trading after it was granted a ‘discovery certificate’ for a 21.5sq km area of alluvial platinum reserves on the Tylai-Kosvinsky Placer at its West Kytlim exploration licence in the Urals, Russia. The certificate is awarded for a new discovery of platinum (with minor gold) and gives Eurasia […]

Mining Sector: Stellar Diamonds buoyed by trial mining recoveries

Stellar Diamonds (LON:STEL) was one of the sector’s top risers after it announced that large diamonds had been recovered from trial mining at Baoulé Kimberlite, Guinea. Highlights: · 196 carats recovered to date from kimberlite ore at an average grade of 17cpht (+1.25mm cut-off) exceeding minimum grade expectation of 13cpht · Gems of 5.5 (octahedron), […]

Mining Sector: TSG jumps on Asacha mining, production update

Trans-Siberian Gold (LON:TSG) shares jumped after it reported that mine development at Asacha in Q3 comprised 801 metres, while ore extraction (including ore from stoping and mine development) amounted to 49,091 mt. In the first nine months of 2014, an average 13,070 mt per month was processed through the Asacha plant. The average gold grade […]

Mining Sector: Kenmare up on rises in output and shipments and possible offer talks

Kenmare’s (LON:KMR) shares were up in late trading after it announced an increase in output and shipments and confirmed that talks regarding a possible offer from Iluka Resources were ongoing. Kenmare said ilmenite production rose to 220,200 tonnes in the third quarter – 6% upon a year ago – while primary zircon output jumped by […]

AFCR completes joint venture finance

African Consolidated Resources says the joint venture finance which will enable the company to start mining at Pickstone-Peerless with a local partner, has now been confirmed with Grayfox Investments (Pvt) Ltd, a Zimbabwean incorporated company owned. The terms of the agreement provide that AFCR, through its wholly owned subsidiary Canape Investments (Pvt), transfer its interest […]

Ariana vice-chairman lifts stake

Ariana Resources vice-chairman Michael de Villiers has increased his stake in the company. de Villiers bought 500,000 ordinary shares yesterday at 0.86p apiece. He now holds 13,500,000 ordinary shares in the company – 2.09% of the total. At 8:43am: (LON:AAU) Ariana Resources PLC share price was 0p at 0.8p Story provided by StockMarketWire.com

Mining Sector: Petropavlovsk up as co-founder signals return

Petropavlovsk (LON:POG) was the sector’s biggest riser after it announced that co-founder Dr Pavel Maslovskiy is available to rejoin the board and executive management team following the acceptance of his retirement as a Member of the Federation Council (Upper House of the Russian Parliament). Maslovskiy indicated he will be available to rejoin with effect from […]

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