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Metminco said it had made significant progress during the three months to June at Los Calatos in Peru, and Mollacas in Chile. It said conceptual mining studies at the sites had taken the firm closer to mine development and, ultimately, copper production. Shares rose 4% at Sable Mining after the com
Read moreConnemara Mining Company has reached an agreement with Teck Ireland on its Oldcastle Block of licences in Cavan/Meath. Teck can earn a 75% indirect interest in the licences by spending €1.35m by 2018. The initial work programme indicated by Teck includes further soil coverage, seismic surveying and
Read moreWildhorse Energy, the specialist underground coal gasification (UCG) company, has signed a cooperation agreement with the Hungarian government to allow UCG projects in the country. In a statement Wildhorse says: "Both parties believe that this could provide Hungary with an opportunity to develop its
Read moreShares in West Australian miner Norseman Gold jumped almost eight per cent after it said it had dramatically reduced costs in the first quarter of the year and its mill was now working seven days a week and 24 hours a day. The firm said it was on track to become a consistent 100,000 ounce gold produ
Read moreNorseman Gold, the struggling Australian gold producer, says an announcement will be made "soon" on a corporate restructuring. The firm announced on December 22nd that it had begun talks with a potential partner over a transaction, those discussions are "continuing". Norseman operates the the Nors
Read moreMediwatch, a urological diagnostic firm, has reported a rise in pre-tax profit (PTP) up from £0.23m to £0.32m for the year ending October 31st. Sales revenue rose from £10.5m to £10.6m, while cash flow from operations jumped £0.58m to £0.84m. The company attributed the rise in PTP to the re-organisa
Read moreStruggling Australian mining company Norseman Gold is to suspend work at its "OK Decline" site as a cost saving measure. The move has seen the shares fall 2.61% this morning. Since January the stock is down 93%. Norseman bought the "Norseman Gold Project" in Western Australia in 2007. Today's a
Read moreShares in aim listed gold production and exploration firm Norseman Gold fell over 10% as it released its quarterly update. In the three months to end September, mining continued at the North Royal open pit in Australia with an estimated 66,000 tonnes containing around 3,600 ounces of gold now stock
Read moreThe top share index finished the worst month since the financial crisis broke out in late 2008 with strong gains as strong economic data in the US whetted investors' appetite for battered shares. The purchasing managers' index, which measures industrial sentiment for the Chicago area, came in ahead
Read moreShares have built on their earlier gains, though the rally is unlikely to be enough to prevent the biggest monthly fall since the beginning of the financial crisis in 2008. Among today's big gainers is bid rumour-mongers' favourite Smith & Nephew. Latest talk has it that peer Stryker could be inter
Read moreThe Footsie edged higher in early trading on the back of a rally in New York last night after minutes from the last meeting of the Federal Reserve showed policymakers considered stimulus measures to kickstart the world's biggest economy. In London, online gaming firm bwin.party surged higher on the
Read moreAustralia-focused miner Norseman Gold swung to a significant pre-tax loss of A$27.2m in the year ended 30 June, compared with a profit of A$1.1m the year before, after full-year gold production came in below expectations at 50,173 ounces. Revenues fell from A$74.38m to A$65.93m. The AIM-listed gol
Read moreAIM-listed gold production firm Norseman Gold said it expects to report a loss of between A$13m and A$14m before tax and abnormal items for the year to 30 June 2011 and full year gold production of 50,173 ounces. The Australian firm said ore production increased 16% during the fourth quarter of t
Read moreBerendsen non-executive director Iain Ferguson has spent £75,000 on shares in the textile service business formerly known as Davis Service Group. He bought 15,000 shares at 496p a time and now has 40,000. Ferguson, a former chief executive of the sugar firm Tate & Lyle, joined Berendsen last year.
Read moreWillem Mesdag, a director at the private equity group 3i, invested more than £280,000 in the company following well-received full-year results and benefited from a strong rise in the share price. He took 100,000 shares at 281p a time. The shares closed just shy of 290p, meaning that Mesdag has made
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