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Pin to quick picksBerkeley Mineral Resources Share News (BMR)

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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
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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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