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Sector movers: Metals/mining stocks tumble after FOMC statement

Wed, 04th Apr 2012 15:55

The industrial metals and mining stocks were the worst performers of the day on Wednesday as commodity prices took a tumble on the back of comments from the US central bank.Last night's minutes from the latest meeting of the Federal Open Market Committee showed that members had become less inclined to boost the economy through quantitative easing. The resulting effect was a stronger dollar - the dollar index, which measures the greenback against a basket of six other currencies, was up 0.59% - meaning that dollar-denominated commodities became more expensive.Evraz, Talvivaara and Berkeley Mineral Resources were heavy fallers in the metals and mining sector. FTSE 250 iron ore miner Ferrexpo also took a hit after announcing that its bid to move a long-running shareholder dispute from Ukrainian courts to the UK has been denied. It is thought that the Ukrainian courts are not neutral grounds. In contrast, the industrial transportation sector was making gains, albeit only slightly. Clarkson, Stobart and James Fisher were the only sector constituents in the blue but they have enough clout to boost the sector average into positive territory.Top performing sectors so far todayIndustrial Transportation 2,529.38 +0.08%Bottom performing sectors so far todayIndustrial Metals & Mining 3,901.14 -5.59%Automobiles & Parts 4,655.09 -4.51%General Retailers 1,773.36 -3.55%Industrial Engineering 7,547.10 -3.43%Software & Computer Services 804.45 -3.13%BC
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3 Sep 2014 16:00

Sector movers: Evraz, Ferrexpo lead industrial miners higher on Ukraine hopes

Peace talks in Ukraine were giving the industrial metals and mining sector in London a big boost on Wednesday. Steel group Evraz and iron ore producer Ferrexpo, which both have assets eastern Europe, were among the best performers in the sector, up over 5% and 3% in afternoon trade, respectively.

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19 Aug 2014 11:50

Berkeley Mineral receives approval for Zambian mining project

Berkerley Mineral Resources' (BMR) wholly owned subsidiary Enviro Processing Limited (EPL) has received approval from the Zambian Environmental Management Agency for its lead-zinc recovery and copper processing at Kabwe. The approval is subject to conditions relating to the monitoring of protectio

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19 Aug 2014 08:36

Berkeley Mineral Resources Shares Surge On Kabwe Project Approval

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19 Aug 2014 07:38

CORRECT: UK MORNING BRIEFING: Surging Market Leaves BHP Behind

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19 Aug 2014 07:22

UK MORNING BRIEFING: Surging UK Market Leaves BHP Shares Behind

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1 Jul 2014 10:14

Berkeley Mineral Resources Conditionally Raises GBP1.0 Million In Placing

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24 Jun 2014 12:57

Berkeley Mineral Resources Slides As Kabwe Project Approval Is Deferred

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11 Jun 2014 11:04

Berkeley Mineral Resources Says Kabwe Project Approval Deferred

LONDON (Alliance News) - Berkeley Mineral Resources PLC shares dropped on Wednesday after the company said the Zambian Environmental Management Agency has decided to defer its Berkeley's environmental impact statement for the Kabwe project while it consults with relevant organisations. Berk

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30 May 2014 12:34

Berkeley Mineral Resources Hasn't Received Environmental Decision For Kabwe

LONDON (Alliance News) - Berkeley Mineral Resources PLC Friday said it has not received a decision from the Zambian Environmental Management Agency over the development of its Kabwe lead-zinc recovery project and copper processing plant within the anticipated schedule. The AIM-listed resour

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15 Apr 2014 09:13

Berkeley Mineral Resources Gets Approval For Kabwe Project At Public Meeting

LONDON (Alliance News) - Berkeley Mineral Resources PLC Tuesday said that its processing proposals for its Kabwe lead-zinc recovery project and copper processing plant in Zambia, was approved at a public meeting. The AIM-listed resource company with operations in Zambia, said that it expect

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15 Apr 2014 07:50

UK MORNING BRIEFING: Aggreko Leads After Mixed Results

LONDON (Alliance News) - Aggreko is leading the FTSE 100 in early trading Tuesday after the temporary power company said it has seen mixed results in its first quarter, with strong underlying revenue growth in two of its three regions being impacted by adverse currency movements as previously exp

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2 Apr 2014 11:41

DIRECTOR DEALINGS: Berkeley Minerals Chairman Buys 1.5 Million Shares

LONDON (Alliance News) - Berkeley Mineral Resources PLC Wednesday said Chairman Masoud Alikhani purchased 1.5 million shares in the company at an average price of 1.30 pence per share Tuesday. Following this transaction, Alikhani will hold a total of 24 million shares in representing 2.08%

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1 Apr 2014 14:24

DIRECTOR DEALINGS: Berkeley Mineral Resources Non-Executive Buys Shares

LONDON (Alliance News) - Berkeley Mineral Resources PLC Friday said non-executive Director Horacio Furman bought 1 million shares at a price of 1.33 pence per share Monday and now holds 4 million shares in total. Shares in the mining company were untraded at 1.30 pence Tuesday afternoon.Read more

28 Mar 2014 14:28

DIRECTOR DEALINGS: Berkeley Mineral Resources Non-Executive Director Buys Shares

LONDON (Alliance News) - Berkeley Mineral Resources PLC said its non-executive Director Mark Wainwright bought 850,000 shares in the company at an average price of 1.26 pence per share on Friday. Following the transaction, Wainwright will hold a total of 2.3 million shares in the company.Read more

28 Mar 2014 13:25

UK MIDDAY BRIEFING: FCA To Review Pensions, Life Insurance Policies

LONDON (Alliance News) - The life insurance sector was dragging down UK stock indices again Friday after the UK Financial Conduct Authority said it is set to begin an inquiry into up to 30 million policies sold from in the years prior to 2000.

The FTSE 350 sector is down 5.0% in rea

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