Strategic Minerals Share News (SML)

UK WINNERS & LOSERS: M&S, WH Smith Drop Sharply After Early Strength

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday. ------- FTSE 100 - WINNERS ------- Resolution, up 1%. The firm said its insurance and pensions provider Friends Life is scrapping active member

Strategic Minerals Raises GBP1 Million In Subscription

LONDON (Alliance News) - Strategic Minerals PLC Thursday said that it has raised roughly GBP1 million from new investors through a share subscription, issued shares to mining giant Glencore AG to pay off an obligation, and had identified about GBP650,000 of annual cost cuts. The magnetite i

Strategic Minerals Extends Stockpile Sales Contract At 50% Discount

LONDON (Alliance News) - Strategic Minerals PLC Tuesday said its subsidiary Southern Minerals Group LLC has entered into a new agreement with Freeport-McMoRan Sales Company Inc to extend its rights at the Cobre magnetite stockpile in New Mexico. The company said the agreement provides for F

Strategic Minerals CEO And Others Resign After Oust Attempt

LONDON (Alliance News) - Strategic Minerals PLC said Monday that Chief Executive Officer Paul Harrison has resigned, following attempts by two minority shareholders to oust him in January. Harrison has stepped down with immediate effect. Also stepping down are Finance Director David Anderso

Strategic Minerals Minority Shareholder Attempts To Oust Board

LONDON (Alliance News) - Strategic Minerals PLC Thursday said two minority shareholders have called for a general meeting at which they will try to oust Chief Executive Paul Harrison, Chairman James Fyfe and Finance Director David Anderson from their positions. The calls to oust the directo

Draganfly Blames Weak Share Performance For Net Assets Fall

LONDON (Alliance News) -Draganfly Investments Ltd Monday said its net assets fell to 0.60 pence from 0.65 pence in the six months to the end of October last year because of a weaker performance from its remaining quoted holdings. "This outcome reflects a weaker performance from our remainin

UK MIDDAY BRIEFING: Bank Of England Now Focused On Productivity

LONDON (Alliance News) - Bank of England Governor Mark Carney Friday signaled that rising productivity will now be the key factor that decides when the central bank will start to tighten monetary policy, and any tightening will be a slow, gradual process.

In a speech at the World Ec

UK WINNERS & LOSERS: Cairn Falls As Indian Tax Department Gets In Touch

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday. ------- FTSE 100 - WINNERS Weir Group, up 0.2%. The engineering company said it had won a USD98 million, or GBP59 million, two-year contract to provide

Strategic Minerals See Strong Sales But Knows No Reason For Share Gains

LONDON (Alliance News) - Strategic Minerals PLC Friday said it generated strong revenues in 2013 but knows of no reason for its recent share price movement. Strategic Minerals shares were down 25% to 1.60 pence, putting it in the top AIM losers in early trading Friday, after the company exp

UK MORNING BRIEFING: Shares Open Higher On Interest Rate Assurance

LONDON (Alliance News) - UK shares have opened higher Friday, as Bank of England Governor Mark Carney backed off of forward guidance and said there is "no immediate need" to raise interest rates.

Royal Mail has reported a 2% increase in like-for-like revenues for th

Strategic Minerals Shares Drop 15% As Losses Widen, Costs Jump

Strategic Minerals 'on track to meet target' production

AIM-listed Strategic Minerals, the magnetite iron ore producer and exploration company, has reported that it has shipped 172,000 tonnes of magnetite iron ore so far in 2013. The company further disclosed that it is on track to meet a target of 600,000 tonnes this year. The statement came after the

Strategic Minerals raises funds to develop Cobre Mine in New Mexico

Strategic Minerals, a magnetite iron ore producer and exploration company, has raised 4.2m pounds before expenses through the placing of around 102.67m new ordinary shares at 4.5p each. The funds mean the company is now fully financed for its current operations. The proceeds will mostly be used

Strategic Minerals makes first shipment from Cobre mine

Strategic Minerals, a magnetite iron ore producer and exploration company, has announced the start of full-scale production and completion of its first export market shipment from its magnetite tailings deposit at the Cobre Mine in New Mexico. The company said that following this first sale, which

Small caps round-up: Amerisur, Orchid, Herencia...

Amerisur Resources, an oil and gas producer and explorer, has mobilised the work rig D-6 to the Platanillo Field, Colombia. Once the unit is rigged up and tested, the Platanillo-2 well will be re-entered and worked over. The work over programme will evaluate the previously untested formation over a