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George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin AmericaView Video

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Berkeley Mineral has funding for Kabwe acquisition

Fri, 26th Nov 2010 08:01

Mining and processing company Berekeley Mineral is on the look-out for more things to buy once it has completed the acquisition of the remaining tailings at Kabwe, Zambia.The company acquired an option to secure the rights to process the remaining stockpiles of lead and zinc at Kabwe Mine, Zambia in June 2010, and is still working on completing the acquisition.Under an agreement for the processing rights to all the tailings dumps at Kabwe, the company has contracted to issue 80m ordinary shares and pay $3m in cash."We are looking to complete the acquisition at Kabwe as soon as practicable especially as the capital costs of our planned processing plant are now funded," said Masoud Alikhani, chairman of Berkeley Mineral Resources.The company, which has yet to generate any revenue other than finance income, lost £0.51m in the year to 30 June, compared with a loss of £0.41m the year before.At the end of the reporting period the company had cash and cash equivalents of £142.2m.
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31 Mar 2010 13:16

Small caps round-up: Aurum, Berkeley Minerals, CSS Stellar ...

Aurum 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

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10 Nov 2009 10:39

Small caps round-up: Berkeley Minerals, Chromex, Empyrean...

Berkeley Minerals, which reprocesses tailings at Kabwe in Zambia, has raised a total of £170,000 through a placing of 17m new ordinary shares at a price of 1p per share. In addition, Wills & Co will be issued 943,396 shares at the mid market share price of 2.12p on 9th November 2009 in lieu of £20,

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14 Oct 2009 17:11

Michael Page's Dumon sells more shares

Charles-Henri Dumon, managing director for continental Europe and the Americas at the recruitment giant Michael Page, has offloaded a big chunk of his stake in the firm. He sold 60,000 shares at 371p a time and now has a personal holding of about 1.23m. Dumon may be wishing he had waited a while

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13 Oct 2009 13:33

Sector movers: Mining updates lift sector

Mining stocks are currently one of the best performing sectors, helped by some well received updates and strong metals prices. Among the strong performers is copper specialist Kazakhmys which has sold a 25% stake in its Ekibastuz GRES -1 power plant for $339m (£215m) in cash and is in talks about a

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13 Oct 2009 08:04

Small caps round-up: Cyril Sweett, Kewill, Gulf Keystone...

Construction and property consultancy firm Cyril Sweett said overall trading for the half year is expected to be in line with expectations but added that there will be a number of one-off costs. Logistics software specialist Kewill expects to report results for the six months ended 30 September in

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