FTSE indices stepped lower through the afternoon session as Greece’s highest court said it would rule on the legality of next week’s key referendum in the debt- and austerity-stricken country. Miners, supermarkets and banks dominated the blue-chip losers’ ladder. FTSE 100 closed down 44.69 points, or 0.67%, to 6585.78. FTSE 250 was down 72.56, or […]
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FTSE indices remained southbound to midday with a gaggle of metals burrowers, supermarkets and banks governing proceedings so far. Debt- and austerity-stricken Greece’s referendum next week continues to weigh on sentiment in what has so far been a slow corporate news day. To noon, FTSE 100 was down 24.85 points, or 0.37%, to 6605.62. FTSE […]
Asset allocation is at least as important as individual share selection. So where should you be putting your money? Here’s July’s take on the major assets to buy now.
Strategic Minerals (SML) said 2014 proved to be a trying year for the company. The collapse in the export price for iron ore hit the Cobre operation hard, making international sales uneconomic. In an AGM statement, it added that mine gate sales continued to be profitable but on much lower volumes. This resulted in the […]
Coal of Africa Ltd’s proposed sale of its Mooiplaats Colliery asset in South Africa to Blackspear Capital has fallen through. CoAL had agreed to sell the colliery for R250m and in May gave a further extension to the sale and purchase agreement to the end of June for Blackspear to meet the proof of funding […]
Sirius Minerals’ (LON:SXX) soard after its York potash project was approved by the North York Moors National Park Authority’s special planning committee meeting. Managing director and chief executive Chris Fraser said: “This is really just the beginning for the company – we have made a major step forward and now have a pathway to reaching […]
The Greece crisis might mark the point at which the rule of the central bank supremo comes to an end and gold comes good again. Dominic Frisby explains why.
Atlantic Coal’s (LON:ATC) shares were up in late trading after it announced that it expects first half revenues to be around $10,300,000 compared with $9,447,000 a year ago. The company reports clean coal production at its Stockton anthracite mine of approximately 91,000 tons (H1 2014: 83,303 tons) and total coal sales of approximately 103,000 tons […]
Griffin Mining’s (LON:GFM) shares edged up in late trading after it confirmed that mining operations at Caijiaying recommenced on 27 June following an investigation by both Griffin and various Chinese authorities into the circumstances causing the death underground of an employee of the mining contractor on 16 June. * * * Trans-Siberian Gold (LON:TSG) has […]
Trans-Siberian Gold said mine development in April and May 2015 comprised 625 metres while ore extraction (including ore from stoping and mine development) amounted to 29,878 mt. In the first five months of 2015, an average 13,230 mt per month was processed through the Asacha plant. At 9:27am: (LON:TSG) TransSiberian Gold PLC share price was […]