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The Chairman of Tullow Oil has shown his faith in the company following its disappointing profit result on Wednesday. Simon Thompson purchased 6,244 shares at 796.48p a go, spending a total of £49,732. His stake in the company now stands at 20,604 shares. Meanwhile, Non-Executive Director, Jeremy
Read moreSouth Africa-focused coal miner Bisichi Mining jumped back into profit in the first half, driven by a third opencast at its Black Wattle Colliery. Revenues grew to £16.5m, from £13.2m the year before, with profits coming in at £1.1m. This compared with a loss of £1.8m in the first six months of 2
Read moreBisichi Mining, the South Africa-focused coal mining company, has seen its shares shoot up 7.27% after announcing production at its Black Wattle Colliery has "significantly" improved. Average production for the nine months to September was at 135,000 metric tonnes, compared to 110,000 for the first
Read moreBisichi Mining says that its Black Wattle Colliery in South Africa will make a loss this year because of transport problems and the strength of the South African Rand. There was a shortage of rail trucks to deliver coal so stocks mounted up. Black Wattle has agreed to contract mine and purchase c
Read moreCommodity investor Commoditrade narrowed full-year losses to $14.7m from $40.9m in 2008, although revenue sank to $20.1m from $31.1m despite an improvement in the second half. "As a result of the significant changes made during the last year, Commoditrade is in a much stronger position to grow reve
Read moreShares in Bisichi Mining moved higher after the South African coal miner said it had finalised a year coal supply contract with a 'large Swiss-based commodity broker.' The contract, the terms of which are confidential, is for 900,000 tonnes of its export steam coal product to be supplied evenly ove
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