AIM listed Altona Energy has entered into a memorandum of understanding with Maison Global, a provider of clean energy products to China, which will see the two companies collaborate in the business development of project opportunities for the production of transportation fuels, energy products and power. Altona already has existing relationships with other clean energy technology providers, such as Rentech and Carbon Recycling Intl.
Mariana Resources has discovered new zones of gold-silver mineralisation at Calandria Sur following the re-sampling of 15 holes. Intensive further target definition is now underway at Las Calandrias, with the results expected this month and the fifth phase of drilling scheduled towards the end of the second quarter. "This greatly enhances the potential to expand the Calandria Sur mineralised system in the next drill programme with a view to increasing the resource," the firm said.
Aureus Mining has reported high grade intercepts at the New Liberty gold project within the company's wholly-owned Bea Mountain Mining site in Liberia. The results show that there is no gap in the mineralised system between the Kinjor and Marvoeareas. The forty hole (9,143m) drilling programme was designed to test previously undrilled areas and potential depth extensions to the New Liberty deposit, as well as completion of further definition drilling within the current resource area. The company will publish a resource update in the near future.
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Anglo Asian Mining, a gold producer, has announced a 50% increase in the gold resource at its Gedabek gold/copper mine located in the Republic of Azerbaijan to 37,111,577 tonnes. This includes 0.884g per tonne (g/t) of gold for 1,054,382 ounces, 0.22% of copper for 81,765 tonnes and 7.215 g/t of silver for 8,608,551 oz in the measured and indicated classifications. Anglo Asian's Chief Executive Officer Reza Vaziri said: "Reaching over one million ounces of gold is a significant milestone for the company, and with steady production and continuing strong metal prices, our position as a profitable and cash generative production company is strengthening."
It looks like Churchill Mining has failed in its attempt to overturn the decision by the Administrative Tribunal in Samarinda, East Kalimantan in relation to the withdrawal of the four mining licences that make up the East Kutai Coal Project. Churchill has a 75% interest in the project. Churchill said that notations on the Indonesian Supreme Court's register of cases indicate that the Supreme Court will reject the appeal, though the decision is not yet final. Until the court hands down its decision there is no binding and enforceable judgement.
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FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
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