Resources round-up: Cove, Minera, Gulf Keystone

Also covered by the round-up: SGS Mineral Services and London Mining.

Cove Energy has reported that the government of Mozambique has consented to the indirect transfer of Shell Exploration and Production's 8.5 per cent participating interest in Rovuma Offshore Area 1 which would arise if Royal Dutch Shell goes ahead with the planned takeover of Cove.

Minera, a Latin American gold miner, has seen a 1.3% rise in its first quarter revenue, up year-on-year from $10.9m to $11.1m, while profit after tax came in at $1.7m, 35% higher year-on-year (2011 $1.3m). Although gold sales fell 17% from 7,883 ounces to 6,515 ounces, this was offset by a 22% rise in the average realised gold price from $1,389 per ounce to $1,699. Cash levels remained stable at $30.3m (2011: $30.7m).

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