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SolGold updates on Cascabel Exploration

SolGold provides the following exploration update for its Cascabel copper-gold porphyry project in Ecuador. Highlights: Ø Assay results received from drill hole CSD-15-010 (“Hole 10″) confirm high grade copper and gold mineralisation extends to the northwest, returning 156m @ 0.63 % Cu, and 0.74 g/t Au from 684m depth and remains open at depth. Ø […]

Mining Sector: Karelian soars on discovery of potential new diamond source

Karelian Diamond Resources’ (LON:KDR) shares soared after it announced the discovery of a potential new diamond source in the Kuhmo region of Finland. Karelian ssays the potential new source occurs in a new kimberlite body discovered during follow-up pitting in an area where infill samples containing high concentrations of kimberlitic indicator minerals have been found. […]

Cleantech appoints corporate broker

Cleantech Building Materials has appointed Beaufort Securities as sole corporate broker to the company with immediate effect. At 1:53pm: (LON:CBM) Cleantech Building Materials Plc Ord Gbp0.01 share price was 0p at 3p Story provided by StockMarketWire.com

Mining Roundup

Atlantic Coal’s (LON:ATC) shares were down in late trading having announced an order for another ten pieces of heavy mining plant from Midlantic, the wholly-owned subsidiary of Komatsu Inc. Atlantic says the order follows delivery of the Komatsu Model PC3000 hydraulic excavator to the Stockton mine in Pennsylvania and will enable the company to continue […]

Mining Roundup

Obtala Resources Limited (LON:OBT) was up in late trading after it announced that it has identified an experienced partner to work with to increase production on the concessions held in Mozambique and, with the same partner, agreed heads of terms for entry into the South American timber market. On 16 December, Obtala announced that it […]

Alba to acquire Regency share in Horse Hill

Alba Mineral Resources has announced that it has executed a binding conditional agreement to acquire the 5% shareholding held by Regency Mines in Horse Hill Developments (“HHDL”). The total consideration payable is £300,000 in cash. Alba will also assume the outstanding cash calls owed to HHDL by Regency, being £60,000 in total. The Horse Hill-1 […]

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27 March 1963: Beeching recommends cuts to Britain's railways

On this day in 1963, Dr Richard Beeching produced his infamous report that saw many railway lines closed in favour of bus services.