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The Italy focused gas company, Independent Resources (IRG), said it is accelerating its strategy review after an earthquake struck the area where its Rivara underground gas storage project is situated. The group said that the whole concept of underground natural gas storage is now being called into
Read moreOrmonde Mining has reported further positive gold assay results at its Zamora Gold Project. Drilling of the nine-hole programme, which is being funded by the firm's joint venture partner Aurum Mining, has been completed and assay results received for the initial three holes (ORMP 13, 14 and 15). The
Read moreThe market has given the thumbs-up to the acquisition of a 10% interest in the Barruecopardo tungsten project by miner Ormonde Mining, giving it total control of the Spanish asset. The company is buying the minority stake held by its joint venture partner The Society of Mining Investigation and Exp
Read moreDiscovery Metals had had its seven prospecting licences in Ngamiland, Botswana renewed for a further two years. "All areas of interest, within these prospecting licences, have been retained," it said. Gold and copper exploration company Kefi Minerals saw loss before tax narrow to £0.47m in the fir
Read moreMineral exploration outfit Beowulf has added ground after finishing its 32-hole drill programme on its wholly-owned Kallak iron ore deposit in northern Sweden. "We remain convinced of the quality and quantity of our iron ore assets and firmly believe that Kallak will prove to be a major iron ore bo
Read moreToy maker Character expects to make a "strong return to profitability" for the year to 31 August and reports second half and full-year sales ahead of forecasts. "Sales in the new year have started well and are likely to substantially out-perform our internal forecasts for September," the firm sai
Read moreSausage casings manufacturer Devro reported a sharp rise in interim profit and a 40% increase in its interim dividend to 2p a share. Pre-exceptional profit was 86% ahead at £17.1m as sales increased 11% to £116.1m in the six months to June 2010. The market for collagen casings is growing at 5% a y
Read moreLONDON (Dow Jones)--Ormonde Mining PLC (ORM.LN) said Wednesday it has commissioned independent consultant, Scott Wilson Mining, to carry out engineering and economic studies on Barruecopardo to quantify the benefits of the increased resource to the project economics. MAIN FACTS: -At the proj
Read moreLONDON (Dow Jones)--Ormonde Mining PLC (ORQ.DB), a mineral development and exploration company focused on Spain, said Wednesday it has procured placing commitments in respect of 18.35 million new ordinary shares with new and existing institutional and private investors at 3.5p per share, raising GBP
Read moreOrmonde Mining has acquired an option over the Tharsis copper project in Spain. Tharsis is in Huelva province in Spain just like the La Zarza project, which Ormonde acquired from the same seller. It is in an area where there is a history of mining. There is copper and gold mineralisation in the ar
Read moreFootsie managed to close with gains despite spending some of the day in the red, with oil giant BP leading the risers. BP climbed after it kicked off the oil majors results season with third quarter figures that showed a smaller than feared drop in profits. Profit attributable to shareholders came
Read moreAn unexpected fall in US consumer confidence in October has had a knock-on effect back in Blighty, with the FTSE 100 relinquishing most of the gains amassed during the morning. Household goods group Reckitt Benckiser shrugged off the recession during the third quarter, reporting a big jump in profi
Read moreBetter than expected results from BP have given the market a lift but banking shares have declined to join the party. Index heavyweight BP kicked off the oil majors results season with third quarter figures that showed a smaller than feared drop in profits. Profit attributable to shareholders came
Read moreBP has helped investors get over last night's three-figure dive on Wall Street, leading London higher in early deals. Index heavyweight BP kicked off the oil majors results season with third quarter figures that showed a smaller than feared drop in profits. Profit attributable to shareholders came
Read moreOrmonde Mining has confirmed Antofagasta as the previously unidentified joint venture partner for its La Zarza ground holdings in the Huelva Province of southern Spain. The Irish explorer said the copper giant, which has huge interests in Chile, will extend the previous exploration by Ormonde to co
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