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Resource Round-up: ViaLogy, Berkeley Mineral Resources, Nostra Terra

Mon, 16th Apr 2012 08:48

Shares in oil exploration technology firm ViaLogy leapt in early trading on Monday after the firm said one of the early adopters of its technology, Atascosa Exploration had successfully drilled another oil well in Texas using analysis provided by ViaLogy products. The latest success is the third commercially successful well Atascosa has drilled in the area using the new technology's recommended co-ordinates. Under its contract with Atascosa, ViaLogy will receive a 5 per cent Back-In-After-Payout (BIAPO) working interest. This means that the royalty will be paid on the net amount after drilling and production expenses have been covered. "We have made good progress in our discussions on new commercial services contracts for QuantumRD with [oil and gas] majors and should be able soon to comment publicly," said Robert Dean, the Chief Executive Officer of ViaLogy. It was also a good day for investors in Berkeley Mineral Resources, the Zambia-focused minerals company. Shares rose in the aftermath of the publication of initial results of metallurgical processing tests at its Kabwe Mine. The estimates of 708,229 tonnes of contained lead and zinc metal, before processing, would have a value at today's LME spot market prices of approximately $1.4bn, the firm said.News of accelerated drilling plans buoyed Nostra Terra Oil and Gas on Monday morning. The firm said a new back-to-back well drilling programme at its 30%-owned Bale Creek Prospect in Oklahoma would save money and should facilitate much quicker production. North River Resources said it would soon begin engineering design work at its Namib Lead Zinc Mine in Namibia after pumping 14.3m litres of water out of the site. This achievement would give it access to the lower levels of the mine, it said. As the water receded a number of samples were retrieved from newly exposed mining areas. The results from indicative testing on these had been "outstanding with high recoveries, fast float times and achieving a 56% zinc concentrate", the company said. Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, announced that tests on its Uytas Field had confirmed that it the field is larger than previously thought. It also said it had made a significant conventional discovery in both the Cretaceous and Jurassic sections of the site that could add meaningful short-term production and cash flow. Max now estimates overall oil in place of 184m barrels. Its shares rose 3.2% on the news.Shares in Chaarat Gold Holdings, the gold exploration company operating in the Kyrgyz Republic, plunged on Monday after it announced it was in negotiations with the government. The firm said the fiscal regime governing mining companies in the country was under review by the newly formed government and, in its opinion, was likely to change. Chaarat said that pending negotiations with the government, further capital investment activities - other than the infrastructure projects relating to power and roads which have already commenced - at its Tulkubash Project would be suspended until agreement was reached. MM

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28 Mar 2014 13:08

Losses at Berkeley Mineral Resources widen as operations ramp up

Berkeley Mineral Resources (BMR), which extracts metals from tailings at former mines, said that losses widened in the first half, causing its share price to sink sharply on Friday. The company said it "made further progress towards its strategic goal of becoming a processor and supplier of key bas

28 Mar 2014 12:33

Berkeley Mineral Resources Loss Grows As It Develops Zambia Operations

LONDON (Alliance News) - Berkeley Mineral Resources PLC Friday said its pretax loss widened in its first half as expenses increased in order to further develop its operations in Zambia. The AIM-listed resource company with operations in Zambia, which is yet to produce any revenues, said its

28 Mar 2014 11:33

UK WINNERS & LOSERS: Strategic Natural Rebounds; Life Insurers Fall

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

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FTSE 100 - WINNERS

Glencore Xstrata, up 1.9%, Anglo American, up 1.6%, and Rio Tinto, up 1.4

3 Feb 2014 10:57

Berkeley Mineral Resources Announces Positive Results From Copper Processing Trials

LONDON (Alliance News) - Berkeley Mineral Resources PLC Monday announced the latest results from continuing copper processing trials at Kabwe in Zambia. The AIM-listed resource company with operations in Zambia, said the tests, which commenced in December following the construction of a cop

11 Nov 2013 11:20

Berkeley Mineral Resources Sees Annual Profit Of USD3 Million From Kabwe Site

26 Sep 2013 08:09

Berkeley Mineral Resources To Start Copper Tailings Production In Q4

9 Sep 2013 12:14

Berkeley Mineral Resources Tailings Sites To Be Assessed

12 Jun 2013 08:34

Berkeley Mineral Resources acquires copper processing plant

Berkeley Mineral Resources,the AIM-listed resource company engaged in the processing of tailings dumps in Zambia, has acquired a copper processing plant, an statement issued by the company has shown. The new plant will be located on the company's site at Kabwe and will process tailings and other ma

25 Apr 2013 10:27

Berkeley Mineral Resources moves step closer to production at Kabwe mine

Berkeley Mineral Resources (BMR), the AIM-listed tailings processing company, has reported that Ascot, its appointed processing consultant, has received a final batch of representative samples of washplant stockpiles from BMR's Kabwe mine-site in Zambia. The Kabwe mine was in operation from 1906 t

12 Mar 2013 09:51

Berkeley Mineral Resources begins programme at Kabwe

Berkeley Mineral Resources (BMR) said on Tuesday it kicked off processing of washplant tailings at the former Kabwe mine site in central Zambia. The programme is expected to produce zinc and lead grade of no less than 40% by year end. Last year BMR acquired all the tailings at the former Kabwe min

4 Feb 2013 08:56

Berkeley Mineral Resources on copper programme in Zambia

Berkeley Mineral Resources announced Monday that it has kicked off operations at its copper processing pilot programme at Ndola, northern Zambia. Production is under way after securing the industrial zone site, according to the group which is engaged in the processing of copper tailings dumps - the

28 Jan 2013 09:23

Berkeley Mineral Resources: tech team's Zambia findings due in February

AIM-listed metals processing company Berkeley Mineral Resources expects to receive feedback on its lead and zinc benification plant in Zambia as early as February, a trading update published by the company on Monday has disclosed. The company, which appointed Ascot Group to draw up plans for its be

18 Jan 2013 15:53

Sector movers: Evraz leads industrial metals stocks higher

Strong gains for steel giant EVRAZ helped push the industrial metals and mining sector to the top of the pile on Friday. Shares in EVRAZ were up 4.39% at 304.2p in afternoon trade despite the company reporting that steel production fell 6.0% from the third to the fourth quarter mainly due to the sc

18 Dec 2012 17:00

Geronimo Inns MD offloads shares in parent group Young's & Co

Rupert Clevely, the Managing Director of Young's & Co Brewery's Geronimo Inns division, sold nearly half a million pounds-worth of shares in the pubs group on Tuesday. Clevely, who co-founded Geronimo Inns, sold 62,688 shares in Young's & Co at 701.3573p a pop, earning himself a total of £439,667.

13 Dec 2012 16:33

Cairn Chairman reduces stake by more than half

The wife of Cairn Chairman, Sir Bill Gammell, has traded in a large slice of shares, reducing his stake in the oil exploration company to 596,331 shares. Lady Janice Gammell sold the shares at 263.26p earning £1.45m before tax. The Chairman earned a further £260,006 through the sale of another 9

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Resource Round-up: ViaLogy, Berkeley Mineral Resources, Nostra Terra

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