Minews Story: July 30, 2010
Paper, Scissors and Stone, an old family game, has struck this investor as a useful way of looking at the conditions in Australia. Take the Stone for mining companies, the Paper for government and the Scissors for all the other
Full story...
Minews Story: July 29, 2010
Simon Purkiss, executive deputy chairman of European Nickel, a company now listed on the ASX as well as on Aim, following the recent merger with Rusina Mining, freely admits that 2009 was a dark period for him and his company.
Full story...
Minews Story: July 29, 2010
In some ways it’s the junior miner’s 21st century dream: a big Chinese sugar daddy comes on board, solving all financing and development worries at a stroke. Life’s not always so simple, as European Nickel, and one or two others
Full story...
Minews Story: July 28, 2010
The markets haven’t exactly embraced the proposed Firestone-Kopane marriage with open arms, notwithstanding that several key investors are behind the deal. Following the news Firestone shares dropped by just over 20 per cent to
Full story...
Minews Story: July 27, 2010
The exploration rights currently held by Rio Tinto over the Simandou iron ore deposit in the west African republic of Guinea may be revoked soon, according to the Guinean Minister of Mines and Geology, Mahmoud Thiam. In a letter
Full story...
Minews Story: July 26, 2010
As a type of coal, anthracite isn’t everyone’s cup of tea. It has a low, or at least, a volatile calorific content, and it is difficult to ignite. Indeed, the ancient Greek from which the word “anthracite” is derived actually
Full story...
Minews Story: July 26, 2010
“We’re well pleased with it”, says Professor Conroy of the recent agreement between his Finnish diamond company, Karelian Diamonds, and Rio Tinto. The markets were well pleased too, pushing Karelian’s shares up by almost 200 per
Full story...
Commodities: July 26, 2010
Industrial demand has long been commonly accepted as the key factor in the setting of base metal prices. In recent years, though, the secondary importance of investment demand in setting prices has increased markedly. This has
Full story...
Minews Story: July 25, 2010
In London, the market volatility continued, though the summer slowdown is becoming apparent with most attention now focused on the FTSE 100 stocks. As a result, the FTSE 100 miners gained an average of 9.4 per cent, while the
Full story...
Minews Story: July 23, 2010
For investors, it is usually a wise strategy never to accept a joint venture for what it appears to be until it is actually a completed agreement. So often there are there are little changes round the edges that can end up
Full story...
Minews Story: July 22, 2010
So Nathaniel Rothschild has got Vallar, his latest investment vehicle, on to the London board. If he hadn’t, that would have been the surprise. But what he plans to do with it remains the object of much speculation. A Russian
Full story...
Minews Story: July 21, 2010
If ever there was an advertisement for the success of the model for junior miners favoured by the London investment community, then Minera IRL is surely it. On the back of one tiny little mine, producing, albeit at very good
Full story...
Minews Story: July 20, 2010
“The perceived wisdom”, said Tom Winnifrith, manager of the SF T1ps Smaller Companies Gold Fund, “is that gold is a relic of a barbarous age”. In making that statement at the 70th Minesite Forum on Tuesday 20th July, Tom duly
Full story...
Minews Story: July 20, 2010
The dissident shareholder who caused the ZincOx board a brief, but sizeable headache earlier in the year has now sold most of his shares, according to ZincOx managing director Peter Wynter-Bee. Perhaps it was inevitable that
Full story...
Minews Story: July 19, 2010
Metminco may have announced that it raised £12 million and taken a secondary listing on April 1st, but no one should be fooled into thinking this is an also-ran, fed up with trying to attract Aussie investors to South American
Full story...