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Alexander Mining boosted by Mongolian marketing agreement

Wed, 11th Jan 2017 13:13

(ShareCast News) - Alexander Mining has signed a marketing agreement with a prominent Mongolian commodities expert over the potential commercial use of the AIM company's leaching technologies in the country.Alexander said Dr Jadambaa Temuujin, chief research scientist at the Mongolian Academy of Sciences's chemistry department and with "strong ties" with many mining and minerals processing companies in Mongolia, had agreed to a two-year deal with a rolling mutually agreeable six monthly extension thereafter. Under the agreement, Temuujin will be paid a commission for the first three years of licence commercial use for every opportunity he introduces to Alexander that leads to the company executing a commercial technology licencing agreement and then receiving licencing revenue."Mongolia, with its favourable location adjacent to China, is a noted mining country and is highly prospective for the discovery of new mineral deposits," said chief executive Martin Rosser. Mongolia's copper and coal deposits have attracted many international and domestic companies, including Rio Tinto, have both been identified and exploited, with the country already a significant exporter of copper, coal, molybdenum, silver and zinc.Alexander pointed out that the Mongolian government is actively exploring ways to increase the extent of processing within the country, while plans are underway to build a centralised copper smelting and converting facility near Ulaan Baatar to reduce concentrate exports. Shares in the company were up 23% to a still-small 0.23p just after 1300 GMT on Wednesday.
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18 Mar 2014 11:42

Alexander Mining Subsidiary Receives Patent In Canada

LONDON (Alliance News) - Alexander Mining PLC Tuesday said its MetaLeach Ltd subsidiary has been granted a patent in Canada for a Method for Extracting Zinc from Aqueous Ammoniacal Solutions. The patent, number 2,745,358 has a standard term of twenty years from the effective date of Decembe

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6 Mar 2014 15:10

Alexander Mining Carries Out Tests, Receives Payments Ahead Of Ebullio Deal

LONDON (Alliance News) - Alexander Mining PLC Thursday said it has been carrying out further tests and has achieved cash payments ahead of Ebullio Group's takeover of Red Crescent Resources Ltd. The mining and mineral processing technology company said it has been completing technical test

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20 Feb 2014 10:58

Alexander Mining Raises GBP241,750 For Working Capital

LONDON (Alliance News) - Alexander Mining PLC Thursday said it has raised GBP241,750 for general working capital purposes by issuing about 4.6 million new shares to institutional and other investors. The shares, which were issued at 5.25 pence each, are expected to begin trading on AIM on F

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3 Feb 2014 13:46

UK MIDDAY BRIEFING: Mis-Selling Bill Continues To Mount For UK Banks

LONDON (Alliance News) - UK banks are still counting the cost of their product mis-selling, with Lloyds Banking Group Monday adding a further GBP1.93 billion to the amount it has set aside to cover claims for previous sales of payment protection insurance and interest rate hedging products. Read more

3 Feb 2014 11:26

UK WINNERS & LOSERS: Rurelec Drops 25% As Bolivia Award Disappoints

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Monday.

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FTSE 100 - WINNERS

Randgold Resources, up 2.1%. In a difficult environment for gold miners,

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3 Feb 2014 09:27

Alexander Mining Pens Major Commercial Deal With Ebullio For Turkey

LONDON (Alliance News) - Alexander Mining PLC Monday said it has signed a major commercial licence, financing and consultancy agreement with hedge fund Ebullio Group. The mining and mineral processing technology company said that it will receive cash proceeds totalling GBP2.5 million royalt

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22 Oct 2013 08:02

Tuesday broker round-up UPDATE

Aggreko: JP Morgan reduces target price from 1800p to 1620p reiterating a neutral rating. Alexander Mining: Northland Capital shifts target price from 6p to 8.10p and keeps a buy recommendation. APR Energy: JP Morgan increases target price from 1075p to 1150p and maintains an overweight rating. B

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21 Oct 2013 11:02

UK WINNERS & LOSERS: Centamin Jumps, Nyota Tumbles After Partial Sell-Off

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21 Oct 2013 08:28

Alexander Mining Jumps On Deal With Largest Shareholder

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24 Sep 2013 10:50

Alexander Mining Narrows Losses On Cost Savings

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11 Apr 2012 08:09

Resources round-up: Roxi, Matra, Alexander

Kazakhstan-focused Roxi Petroleum saw its shares dive after it revealed that well NK-10 in its Galaz contract area has a high water content with only minor gas and oil film shows. The well, which was drilled late last year, will now be plugged and abandoned. The exploration and appraisal work being

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21 Feb 2012 10:52

Resource stocks round-up: Alexander Mining, Touchstone, SacOil

Mineral processing technology firm Alexander Mining said its AmmLeach product is going to be trialled by Red Crescent Resources at the Canadian mining company's zinc and copper projects in Turkey. Gold miner Touchstone Gold has found "gold in them thar hills" on its Rio Pescado property in Colombi

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