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Indonesian-focused coal miner Churchill Mining said the initial reserve statement for its East Kutai Coal Project demonstrates it is a ‘world class’ sized project. Using the calculation methods stipulated by the Joint Ore Reserves Committee (JORC), the initial probable in-situ reserve figure for t
Read moreBlue chips rallied late in the day, but it was a tough session generally with miners and insurance companies under pressure. Telcos led the rally with Vodafone, British Telecom and satellite group Inmarsat all making gains near the close. Lloyds was also a late riser as on reports that it is close
Read moreThe Footsie finished the lunch-time session little changed from where it started it, despite mining stocks trimming losses sustained in the morning. Mining giant Anglo American is actually higher on the day after it announced plans to divest assets, including its zinc and tarmac operations, as it
Read moreSolo Oil has reacted to a sharp rise in the oil and gas firm's share price by saying that it is 'in negotiations to make an investment in accordance with its investing policy.' Crop productivity technology group Plant Impact has been awarded a €1m grant by the European Union to develop technology f
Read moreFootsie put a sluggish start to the day behind it to post strong gains, helped by buoyant showing on Wall Street. There were contrasting fortunes for two stocks dependent on the health of the housing market, with Wolseley on the rise and Home Retail on the slide. Earlier today property research fi
Read moreLondon made further headway over the lunchtime session, boosted by expectations of a firm opening on Wall Street. There are contrasting fortunes for two stocks dependent on the health of the housing market, with Wolseley on the rise and Home Retail on the slide. Earlier today property research firm
Read moreLeading shares remain mixed, but the Footsie is still in the blue despite weakness from banks and miners. Cash call rumours continue to swirl around the two part-nationalised banks Lloyds Banking and Royal Bank of Scotland while miners are easier despite some upbeat comments from Anglo American bos
Read moreLondon's blue-chip have started the week hesitantly desite a rally by Wolseley on hopes its fortunes may have bottomed. Builders' supplies specialist Wolseley racked up losses of more than £1bn last year after a raft of one-off charges. Ongoing pre-tax losses came in at £766m in the year to July, a
Read moreIndonesian-focused coal miner Churchill Mining has confirmed it has received three approaches over deals, including one full takeover suggestion, but has denied any of these involve mining giant BHP Billiton. Churchill, which put out the statement after a surge in its share price recently, said it
Read moreSirius Petroleum has been guaranteed at least $80m of debt funding by London-based Capital Investment Office for its first marginal oil field project. 'We now have a substantial funding line which will enable us to execute our first asset deal in line with our strategy to create shareholder value
Read moreMount Engineering said it is satisfied with its progress in the first six months of the year and expects results to be in line with the prior year first half. "Whilst current market visibility remains unpredictable, effective margin management and overhead cost control is maintaining profitabilit
Read moreChurchill Mining has upped its resource estimate for its 75% owned East Kutai Coal Project in Indonesia by more than 100% after extending its drilling area. The company said the global resource at the project is now 3.18bn tonnes of thermal coal, of which 1.4bn tonnes is compliant with the definiti
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