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Shares are buoyant today, winning back some of the previous day's losses despite ongoing worries over the Eurozone. A 48-hour general strike has been called in Greece ahead of a vote on austerity measures. Spain, meanwhile, had its credit rating cut by two notches last night by the Moody's rating a
Read moreShares in gold miner Aurum jumped 23% this morning after it announced it had had significant success with drilling at its Spanish joint venture. The firm said it had seen excellent assay results from the first two holes drilled on the ''El Facho'' structure of its Zamora gold project. Aurum said t
Read moreAurum Mining is appealing to the Supreme Court of Kyrgyzstan in Bishkek over a district court ruling that the transfer of 20% of the Andash project to Investcenter Talas LLC and the buying back of 10% of Andash by Aurum four months later were invalid. AIM-quoted Aurum generated gross proceeds of $
Read moreShares in Empyrean Energy fell back after the oil firm reported much wider losses for the six months to 30 September amid a busy period focused on three projects in Texas. Pre-tax losses ballooned to £5m from £518,000 in the same period the previous year. Shares in Enegi Oil also fell back, even as
Read moreBlue chips staged an impressive late rally to finish more than 100 points higher for the second day running. There was no big bond repurchase programme today from the European Central Bank, but a decision to extend the current one for three months was enough to get buyers in a lather again. "We ex
Read moreThe absence of any mention of plans to launch a bond purchase in the European Central Bank (ECB) press conference this afternoon has taken some of the glow off equities. "We expect the governments to follow what they are committed to, they all have their adjustment and stabilisation programmes," E
Read moreAurum Mining fell over 80% on Thursday as the shares began trading without the proposed return of capital to shareholders. Investors will be receiving cheques for almost £7.8m, leaving the company with a likely cash pile of £840,000, worth 1.6p a share, at the end of December. The former mining co
Read moreAerospace supplies group Umeco says it remain on track to hit full-year expectations after increasing adjusted profit before tax by 12% in the first half. Pre-tax profit rose to £11.1m in the six months to 30 September, up from £9.9m last year on revenue up to £217.2m from £198.5m. Russia-focused
Read moreA Kyrgyzstan court has ruled that Aurum Mining's transfer of 20% of the Andash project to Investcenter Talas LLC and the buying back of 10% of Andash four months later were invalid. Aurum says that it did not receive notification of the hearing and neither did its subsidiary named in the action.
Read moreCeramic Fuel Cells has made its first BlueGen product sale in the United States to one of the United States' largest energy companies. CFC will install a BlueGen gas-to-electricity generator at the energy utility's engineering centre in California. The BlueGen unit is scheduled to be installed
Read moreLONDON (Dow Jones)--Aurum Mining PLC (AUR.LN), an investor in mining project, said Wednesday that Weiss Asset Management LP, is now interested in 10,277,051 of the company's voting rights 21.3%. -Aurum shares closed Tuesday at 14.25 pence, valuing the company at GBP6.87 million. -By Razak
Read moreLONDON (Dow Jones)--Aurum Mining PLC (AUR.LN) said Thursday that as part of its option agreement with Kentor Gold Limited (KGL.AU) to acquire Aurum's remaining 10% stake in the Andash asset for consideration of $1.8 million, Kentor has released Aurum from all the warranties and indemnities that were
Read moreLONDON (Dow Jones)--Aurum Mining Plc (AUR.LN), an exploration company, announced Tuesday that it, together with a subsidiary, has entered into an option agreement with Kentor Gold Limited (KGL.AU) and a subsidiary under which Kentor has a nine month exclusive option to acquire the Aurum Group's rema
Read moreAurum Mining has reached commercial agreement with Kentor Gold for the acquisition of its remaining 10% interest in the Andash asset for a consideration of US$2.2m, to be paid in three instalments by 30 July 2010. Berkeley Minerals posted a loss of £232,000 for the six months ended December, compar
Read moreFootsie put a sluggish start to the day behind it to post strong gains, helped by buoyant showing on Wall Street. There were contrasting fortunes for two stocks dependent on the health of the housing market, with Wolseley on the rise and Home Retail on the slide. Earlier today property research fi
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