28 Oct 2015 18:08
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Don't have an account? Click here to register.Sector movers: Dollar weakness lifts metal processors
Fri, 15th Jun 2012 16:38
With the dollar declining and making metals cheaper, it was a good day for the Industrial Metals and Mining Sector.Berkeley Mineral Resources (BMR) missed out, however, after signing an agreement with Chinese metals processor Yunnan Xiangyun Feilong Non-ferrous Metal.The two are planning to form a joint venture to exploit BMR's Kabwe mine in Zambia.SSE led the Electricity sector lower as investors baled on the stock following the announcement of SSE's acquisition of Irish electricity firm Endesa Ireland.The company is paying €320m - around £256m - plus an estimated €43m (£34m) for working capital. SSE will take over four power plants as well as another that is under construction. Once the deal is done the firm faces a £100m bill to build a combined cycle gas turbine that is already being built at the Great Island power station in County Wexford.Top performing sectors so far todayIndustrial Metals & Mining 2,851.76 +6.22%Oil Equipment, Services & Distribution 22,393.83 +2.48%Construction & Materials 3,226.71 +2.11%Forestry & Paper 5,741.13 +1.81%Banks 3,674.85 +1.72%Bottom performing sectors so far todayElectricity 8,645.17 -1.33%Gas, Water & Multiutilities 5,009.29 -1.33%Food Producers & Processors 5,493.02 -1.06%Food & Drug Retailers 3,785.54 -0.87%Technology Hardware & Equipment 661.11 -0.77%JH
More News
13 Oct 2015 11:28
London midday: Equities fall as UK slips into deflation
(ShareCast News) - The UK equities market was under the cosh as the nation unexpectedly slipped into deflation in September. The Office for National Statistics revealed the consumer price index fell 0.1% year-on-year last month, compared to analysts' estimates for a flat reading in line with August.
Read more12 Oct 2015 09:41
BMR Mining shares surge on Zambia update
(ShareCast News) - Shares in BMR Mining surged 14% early on Monday after the company said it had submitted its draft environmental and social impact assessment for the Kabwe project to the Zambian Environmental Management Agency (ZEMA). The study, which is aimed at assessing the impact of the compan
Read more12 Oct 2015 08:45
5 Oct 2015 09:02
BMR Mining identifies new use for WKS assets in Zambia
(ShareCast News) - Zambia-focused mineral processing business BMR Mining said it has identified a potential market for its Waelz Kiln Slag (WKS) assets. The assets at Kabwe, Zambia, had been written down by 90% to £201,000 in the accounts for the year ended 30 June 2014 due to the product being brit
Read more22 Sep 2015 08:21
19 Aug 2015 10:26
BMR Mining gets green light for Zambia environmental impact assessment
(ShareCast News) - BMR Mining said Zambia has approved the terms of reference for an environment impact assessment of pilot plans to extract lead and zinc from tailings at its Kabwe mine. BMR said it expects to submit the draft full Environmental Impact Assessment (EIA) next month, with th
Read more25 Jun 2015 11:43
BMR Mining buoyed by metallurgical test results
BMR Mining's shares gained as it revealed that its metallurgical tests used to identify lead and zinc at its Zambian site have been successful. The tests, which use an acid and brine leaching process to recover the metals, came in positive for both the Wash Plant Tailings and Leach Plant Residue Tai
Read more