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Small caps round-up: Infrastrata, Nexus, Western & Oriental

Mon, 04th Oct 2010 12:57

Gas storage group Infrastrata says it can get a project in Dorset moving forward after completing legal agreements with its partner eCORP. eCORP has acquired 50% of the project company, Portland Gas, in return for funding the next £22.9m for investment in the project, to match the amount Infrastrata has put in so far. Infrastrata holds the remaining 50%.The project, which is at the port of Portland on the south coast, could together with another project Infrastrata is developing in Northern Ireland account for 10% of Britain and Ireland's total peak gas demand, Infrastrata says.Shares in Nexus Management took a knock after the IT services group said revenues and profits for the year to September 30 will be below expectations after it failed to conclude negotiations on a big order with a blue chip company.The negotiations continue, it said.A profit warning has also dented the share price of niche travel group Western & Oriental, which was hit by the impact of the volcanic ash cloud that spread from Iceland across Europe.Western, whose brands include W&O Travel and Iceland2go, said it had to pay for the repatriation of stranded holidaymakers and was hit by booking cancelations. Leyshon Resources' announcement that it is made applications for five coal exploration licenses in southwest Mongolia has fuelled a sharp rise in the mining group's share price. Berkeley Mineral Resources has raised a total of £0.85m before expenses by way of a placing of 42.5m new ordinary shares at a price of 2p per share.According to Berkeley, the funds have been raised primarily to accelerate the development of the processing of tailings dumps (leftovers from processed ore) at a Zambian mine once the company has completed their acquisition.Galaxy Resources, Australian lithium producer in which Creat Resources has a 20% shareholding, has raised Au$30m through a convertible note issue to a strategic China-based investor, in order to strengthen its capital base.The company has also confirmed rumours that it is evaluating the possibility of a dual listing on the Stock Exchange of Hong Kong, and is in the process of submitting a listing application.
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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

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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

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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

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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

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11 Nov 2013 11:20

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

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26 Sep 2013 08:09

Berkeley Mineral Resources To Start Copper Tailings Production In Q4

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9 Sep 2013 12:14

Berkeley Mineral Resources Tailings Sites To Be Assessed

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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

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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

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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

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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

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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

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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

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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.

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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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