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AIM-quoted South Africa-based coal miner Strategic Natural Resources (SNR) has questioned whether South African power generator IPSA has the right to terminate their coal supply agreement. SNR says it has not received any notice of termination from the IPSA subsidiary that signed the contract. Thi
Read moreInvestment banking deteriorated sharply in the third quarter and retail banking saw good progress in motor finance and prepaid current accounts, but results were impacted by the cost of carrying significant surplus deposits, niche bank Arbuthnot said in its third quarter trading update. Elsewhere i
Read moreLONDON (Dow Jones)--Strategic Natural Resources PLC (SNRP.LN), a coal developer, Wednesday announces a 55% increase in the coal resource of its 74% owned subsidiary, Elitheni Coal (Pty) Ltd. MAIN FACTS: -Golder Associates, SNR's competent person has, in a recent updated competent persons rep
Read moreNon-executive director Peter Earl has sold his entire shareholding in South African coal miner Strategic Natural Resources. Earl has sold 4,435,000 shares in the AIM-quoted company at 11p each, which has raised £488,000. This is the third in a series of stake disposals by Earl, which are describ
Read moreLONDON (Dow Jones)--Strategic Natural Resources (SNRP.LN), an explorer and producer of coal assets in South Africa, said Thursday that it made pretax loss of GBP0.44 million for the year ended Feb 28, compared with profit of GBP1.70 million, but added that the company is pursuing the right strategy
Read moreAfren is wanted Wednesday after it signed an additional drilling contract for the GSF High Island Vll jack-up rig to carry out planned drilling on their assets located offshore South East Nigeria. "The second rig, secured at competitive rates, gives Afren and our indigenous partners the flexibility
Read moreLosses at Matra Petroleum in 2009 reduced to €2.3m from €8.7m. Results of the A-13 well are expected in May and these will help us define the extent of the Sokolovskoe development. Operational difficulties have caused minor increases in the expected well costs from $4.5m to $4.85m, the company rem
Read moreHigher metals prices have given miners a boost. With copper prices, which have been hitting 14-month highs lately, on the rise again, big industrial metal miners such as BHP Billiton, Anglo American and Kazakhmys are higher. Smaller companies are helping lift the sector higher on the back of well-r
Read moreUnexpected currency gains helped Angel Mining, which mines for gold, zinc and lead in Greenland, move into profit in the six months to 31 August. Pre-tax profit for the period totalled £529,000 compared with a loss of £2.33m over the same period the previous year. Angel hopes its Black Angel lead
Read moreSouth African mining company Strategic Natural Resources has notched up its first revenues, raking in £72,000 in the six months to 31 August 2009. It posted a pre-tax loss, however, of £0.14m, after making a pre-tax profit of £4.12m a year earlier when the company banked a £4.31m gain on the sale
Read moreStrategic Natural Resources (SNR) is in talks with Absolute Holdings Limited about making a bid for the South African group. Developer of natural resources assets, SNR, said discussions with Johannesburg-listed Absolute are at an early stage. Absolute is mostly involved in mining and retailing of
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