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Mining Sector: Tri-Star buoyed by Sultanate of Oman permit update

Tri-Star Resources (LON:TSTR) was up in late trading after it said Strategic & Precious Metals Processing, in which it owns 40%, has received the Provisional Environmental Permit from the Ministry of Environment and Climate Affairs for the OAR project and the SPMP leased site in the Sohar Free Trade Zone. Receipt of the Permit follows […]

Randgold appoints joint corporate broker

Randgold Resources has appointed BMO Capital Markets to act as a joint corporate broker with immediate effect. At 1:20pm: (LON:RRS) Randgold Resources Ltd share price was 0p at 5025p Story provided by

FTSE mixed as Greece saga rolls on, resources up

FTSE indices were mixed as investors mulled whether debt-laden Greece will have an Icarus turn in attempting to negotiate its burden with an austerity-minded European Union. Resources stocks were the main blue-chip drivers higher in London. Approaching midday, FTSE 100 was up 22.6 points, or 0.33%, to 6911.5, while FTSE 250 was down 26.22, or […]

Mining Sector: Tri-Star up as 40%-held SPMP signs $40m facility

Tri-Star (LON:TSTR) was up in late trading after its 40%-held Strategic & Precious Metals Processing LLC, a company registered in the Sultanate of Oman, has agreed a Facility Offer Letter (FOL) with Bank Nizwa, a bank based in Oman. A signing ceremony took place in Muscat, Oman on 15 February 2015 to agree formally the […]

Galantas Gold raises £316,677

Galantas Gold Corporation has raised £316,677, gross, after closing a private placing of 10,599,999 new shares at £0.03 apiece. The net proceeds will be used for working capital purposes and to finance the company’s continued commitments in regard to its underground planning application. A minimum four month hold period will apply to the placings shares, […]

Alba raises £270,000

Alba Mineral Resources has raised £270,000, before expenses, through the issue of 108,000,000 new ordinary shares at 0.25p following an oversubscribed placing. The proceeds will be used to satisfy the company’s ongoing commitments to its existing projects, for the evaluation of new project opportunities and for general working capital purposes. At 9:53am: (LON:ALBA) Alba Mineral […]

Mining Sector: Herencia up as Picachos maiden resource estimate nears

Herencia Resources (LON:HER) – which expects to release a maiden resource estimate for the Picachos copper project shortly – was one of the sector’s biggest risers. Herencia managing director Graeme Sloan said: “The resource work has taken a bit longer than expected, given the traditional summer holiday season in Chile, but it is now close […]

FTSE firms as Ukraine nears ceasefire, miners rise

FTSE indices closed mildly firmer after Russia president Vladimir Putin agreed a ceasefire in Ukraine. Bank of England’s warning that UK inflation may briefly dip below zero this year was taken in stride. Miners remained the main northbound driver. FTSE 100 ended up 9.94 points, or 0.15%, to 6828.11. FTSE 250 rose 176.82, or 1.06%, […]

Mining Sector: Mariana soars on second exceptional gold intercept

Mariana Resources’ (LON:MARL) shares soared after it confirmed a second exceptional intercept of 82m at 20.4 g/t Gold and 1.94% Copper at Hot Maden prospect, Eastern Turkey. Mariana said all assay results for the remaining three holes have now been received from JV partner Lidya Madencilik Sanayi ve Ticaret A.S. (“Lidya”, earning 70 %) for […]

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Robert Shiller: why one of the world's smartest economists is worried about the bond market

Merryn Somerset Webb talks to Yale professor and Nobel Prize winner Robert Shiller about how the power of 'stories' drives the global economy and creates financial bubbles.

27 February 1900: The Labour Party is launched

Responding to the need for a single political party to represent the trade unions, the Labour Party was formed on this day in 1900, led by MP Keir Hardie.