Data from China showing that factory output declined pressured London's industrial metals and mining sector lower on Tuesday as commodity prices fell. Miners such as Zanaga Iron Ore, URU Metals, Evraz, Ferrex, First Quantum Minerals and Ferrexpo were all trading with losses in afternoon trade. HSBC
Read moreIron ore producer Ferrex has said that it will start a drilling programme of up to 10 holes next month at the Malelane project in South Africa. The 1.2-1.6km programme is aimed to increase and "prove up" the resource estimates of the project, which currently stand at an inferred resource of 139m to
Read moreLONDON (Alliance News) - Ferrex PLC Tuesday said it has signed up a drilling contractor for a new programme at the Malelane Iron Ore Project in South Africa, and has agreed to pay the unnamed company in both cash and shares. The exploration and development company, with iron ore and mangane
Read moreLONDON (Alliance News) - Ferrex PLC Monday said its pretax loss narrowed slightly in its first-half as administrative and exploration costs fell at the company as it continues to progress the development of its assets. The exploration and development company, with iron ore and manganese dep
Read moreIron ore and manganese development company Ferrex said high iron values have been returned from rock samples at the Mebago DSO iron ore project in northern Gabon. The 13 samples, collected as part of a mapping programme in February to increase the mineralised area at the 309 sq km project, showed a
Read moreLONDON (Alliance News) - There was some bad drilling news for two of the UK's leading oil stocks, as resource companies dominated corporate news Tuesday morning. Tullow Oil PLC said it will plug and abandon the exploration well 31/2-21S in the Gotama prospect, offs
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