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Berkeley Mineral Resources, the metals processing company, has signed a memorandum of understanding (MoU) with Yunnan Xiangyun Feilong Non-ferrous Metal, a refiner of zinc, lead and associated metals in the People's Republic of China. The MoU covers a period of six months, during which exclusivity
Read moreAussie firm Aurora Oil and Gas has agreed to purchase a six per cent interest in the Sugarloaf Project, in which Empyrean Energy holds a three per cent working interest. Empyrean said the move signals a strong interest in Eagle Ford Shale assets in the USA and in particular within its project acreag
Read moreBellzone Mining has announced that iron ore production and product stockpiling for the Forécariah joint venture project in the Republic of Guinea, West Africa, has begun. The maiden blast consisted of 213 holes and the firm anticipates that this will provide more than 30,000 tonnes of run of mine or
Read moreNewly appointed director at Dunelm Matt Davies has underlined his loyalty to the homewares firm with the purchase of 4,500 shares. Davies, who joined the firm early last month, bought the shares for 499p each for a total of £22,455. Davies joined the firm after resigning from his job as head of
Read moreNorth River Resources, the South Africa-focused mining company, has begun drilling activities on EPL3327, part of the Uis Project held by Brandberg Energy, a company 50 percent-owned by a subsidiary of North River. The drilling programme, which has been increased to 2,000 metres from the 1,100 metre
Read moreOil and gas firm Empyrean Energy is few people's idea of a cash-generating machine but the AIM-listed tiddler's revenue continues to remain on an impressively upward trajectory. Cash received between June and November (inclusive) from the company's USA based production assets, including the Sugarl
Read moreRobert Walters, chief executive of the recruitment company he named after himself, and his wife have together spent about £200,000 on shares in the firm. They purchased a combined total of 81,630 shares at 245p each. The transaction brings Robert Walters' total interest to 2,181,480 shares, equi
Read moreRevenue growth at oil and gas firm Empyrean Energy rose rapidly month-on-month during the last six months, helped by newly completed wells at its Sugarloaf Project in Southern Texas being bought into production. Total sales during the period between December and May amounted to $1.07m, as productio
Read moreShares in oil and gas firm Empyrean Energy received a boost after the announcement that its joint venture partner Hilcorp Energy has been acquired by Marathon Oil, the fourth-largest US-based integrated international energy company. Marathon Oil has reached agreement to buy Hilcorp and its partner'
Read moreOil and gas outfit Empyrean Energy saw losses broaden last year but revenue is growing fast, albeit from a low base. Revenue for the year ended 31 March surged to £0.81m from £0.31m the year before, while losses before tax expanded to £5.43m from £4.27m. Net exploration costs for the year rose to
Read moreHopes that contractor Interserve's second half would see a major uplift did not materialise as profits for 2010 fell to £64m from £80m. Revenue fell to £1.87bn from £1.91bn. Interserve added that overall trading conditions in 2011 will be stable compared with 2010 and will show similar seasonality.
Read moreShares in Empyrean Energy fell back after the oil firm reported much wider losses for the six months to 30 September amid a busy period focused on three projects in Texas. Pre-tax losses ballooned to £5m from £518,000 in the same period the previous year. Shares in Enegi Oil also fell back, even as
Read moreAerospace supplies group Umeco says it remain on track to hit full-year expectations after increasing adjusted profit before tax by 12% in the first half. Pre-tax profit rose to £11.1m in the six months to 30 September, up from £9.9m last year on revenue up to £217.2m from £198.5m. Russia-focused
Read moreStaffline saw a 26% leap in shares today after it announced that full year earnings are expected to be "significantly ahead of current expectations". Andy Hogarth, chairman and chief executive of the recruitment and training specialist said, the group is "encouraged by the ongoing levels of interes
Read moreShares in Oilex almost tripled on Monday after the oil and gas explorer announced a "significant" upgrade to its gas for the Cambay field in Gujarat, India. Following a nine-month drill programme of studies, it now believes the field holds 248bn cubic feet (BCF) of gas and 11m barrels (MMbbls) of c
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