FML.L Share News (FML)

Frontier Mining Pretax Loss Narrows, Financing Woes Continue

UK MIDDAY BRIEFING: London's Capital Markets Continue Recovery

LONDON (Alliance News) - London's capital markets continued a resurgence Monday as two more companies announced that they intend to list, another started trading, and AIM-listed Fyffes PLC said it would be acquired by Chiquita Brands International Inc of the US in a deal that

UK WINNERS & LOSERS: Mining Stocks Among The Biggest Fallers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Monday. ------- FTSE 100 - WINNERS Rolls-Royce Holdings, up 2.9%. The group is the biggest riser on the blue-chip index after it said after the UK equity market

Frontier Mining Sells One Asset To Fund Expansion Of Its Other Project

LONDON (Alliance News) - Frontier Mining Ltd Monday said it will sell its FML Kazakhstan LLP unit for USD30 million in cash, using some of the money to ramp up production at its second site, Benkala, where it hit its copper cathode production guidance in 2013. The AIM-listed company with op

Pressure Technologies director raises his stake

It looks like Nigel Luckett, a Non-Executive Director at Pressure Technologies, chose an expensive time to top up his stake as the stock hit a 52-week high on Monday. Luckett, a former partner of KPMG, bought 18,000 shares at a price of 217.5p each, spending a total of £39,150. He now holds 70,000

Highland Gold Chairman spends big after recent share-price weakness

The Non-Executive Chairman of Russia-focused resources group Highland Gold Mining invested over one million pounds in the firm one day after the stock reached a 52-week low. As has been the case with the wider mining sector, the share price has suffered since the start of the year as commodity pric

Frontier Mining jumps on progress at Bekala Copper Project

Shares in AIM-listed independent copper producer Frontier Mining rose sharply on Tuesday morning after the company announced that shipment of copper cathodes had started during the first week of June. Since commissioning in August 2012, the company reported that the Benkala SX-EW plant in Kazakhsta

Frontier Mining recommences operations at Benkala Copper Project

Frontier Mining, the AIM-listed independent copper producer operating in Kazakhstan, has reported the recommencement of operations at its flagship Benkala Copper Project. The company said that the operations team had been on site over the past weeks preparing for operational restart to allow leac

Frontier Mining advances on multiple loan extensions

Frontier Mining, a copper producer operating in Kazakhstan, has secured extensions on financing facilities from several loan note holders, a financing update has shown. The group reported that Sberbank Kazakhstan had agreed to extend both the term of current facilities ($35m) by 34 months to Octobe

Tate & Lyle non-exec ups stake by 5,000 shares

Anne Minto, a non-executive director of Tate & Lyle purchased 5,000 ordinary shares in the sweeteners and food products group on Monday. Minto, who has held senior management roles at several FTSE 100 firms including Centrica, Shell and Smiths Group, currently works as a member of the audit, nomina

BHP Billiton CEO sells chunk of shares to satisfy

The Chief Executive of BHP Billiton, the dual-listed mining titan, has paid off a significant tax obligation resulting from an earlier long-term incentive bonus with the sale of both UK- and Australia-listed shares. Marius Kloppers, who has held the role of CEO since October 2007, has settled the

African Barrick boss opens account

African Barrick Gold's finance boss Kevin Jennings has bought shares worth a total of £74,370, opening his account a week after the company reported strong results for the second quarter. Jennings's acquisition of 15,000 shares at 495.80p is his first purchase of shares in the firm. He has be

Losses widen at Frontier Mining

AIM-listed gold, silver and copper miner Frontier Mining saw revenue almost double in the year ended 31 December, but pre-tax losses widened slightly as a result of a one-off charge and rising costs. Sales revenue rose to $5.7m, from $2.9m, which consisted of 4,180 ounces of gold sold at an average

Frontier Mining raises $5m

Frontier Mining has raised $5m through the issue of one year loan notes to a consortium of institutional and private investors. The AIM listed gold and copper exploration firm, which is focused on Kazakhstan and Russia, will pay interest at a rate of 12% on the loan notes. Frontier will also provi

Small caps round-up: BP Marsh, Christie

Venture capital provider BP Marsh said all the companies in which it has invested are developing to the board's satisfaction. The group ended its financial year (31/1/11) with net cash of £0.5m, down from £0.6m at the end of July. Christie Group's transaction and advisory practice has completed the