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Mining Sector: Edenville Energy tumbles after Rukwa feasibility study results

Edenville Energy’s (LON:EDL) excitement about its prospects was not shared by the market and its share price fell sharply after it announced the results of the power plant feasibility study for its Rukwa coal to power project in western Tanzania. Contemporaneously with the production of the feasibility study, the company has developed a financial model […]

SolGold gives Cascabel exploration update, Hole 10

SolGold has provided an exploration update for its Cascabel copper-gold porphyry project in Ecuador. Highlights: Ø Cascabel project continues to provide spectacular drill hole intersections as CSD-15-10 (“Hole 10″) intersects strong visible copper mineralisation from 765.0m to the current hole depth of 782.8m. Ø Hole 10 targets extensions to high-grade copper-gold (“Cu-Au”) zones intersected in […]

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 […]

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5 March 1984: the miners' strike begins

On this day in March 1984, one of Britain's most acrimonious industrial disputes began when workers at Yorkshire's Cortonwood Colliery downed tools.