South African mining stocks like Gold Fields jumped on Friday, spurred by higher metals prices and helping the bourse rebound.
The Johannesburg Top-40 index of blue-chip stocks gained 0.21 percent to 23,126.62 points, while the All-share added 0.27 percent to 25,666.81 points, as both indices reversed from losses on Thursday.
The gold index was the star of […]
BP is likely to steal the corporate limelight this week when it provides a strategy update alongside its full-year results tomorrow. The oil giant had a woeful year in 2006, despite a soaring oil price. BP shares underperformed the FTSE 100 index by 17 per cent, one of its worst performances in a decade.
BP warned […]
ARCHPELAGO’S GOLD PLANT ARRIVES ON SITE AT TOKA TINDUNG PROJECT IN INDONESIA
• Ex-Barrick Gold Plant Ready For Installation
• Foundation Works Continuing
• Pre-Stripping Operations To Begin In April
Archipelago Resources plc (AIM: AR.) has received the processing equipment purchased from Barrick in Chile on site at the Toka Tindung gold project in Sulawesi, Indonesia. The plant, weighing […]
ARCHPELAGO’S GOLD PLANT ARRIVES ON SITE AT TOKA TINDUNG PROJECT IN INDONESIA
• Ex-Barrick Gold Plant Ready For Installation
• Foundation Works Continuing
• Pre-Stripping Operations To Begin In April
Archipelago Resources plc (AIM: AR.) has received the processing equipment purchased from Barrick in Chile on site at the Toka Tindung gold project in Sulawesi, Indonesia. The plant, weighing […]
U.K. stocks gained. HSBC Holdings Plc paced an advance by banking companies. BHP Billiton and Anglo American Plc, the world’s largest mining companies, increased as metal prices rose.
Imperial Chemicals Industries Plc, the U.K.’s largest specialty chemical maker, also climbed after crude oil dropped.
European mining stocks rose after gold gained for a third day in London and tin climbed to a 17- year high. BHP Billiton and Xstrata Plc paced the advance.
“People are looking to next year believing supply and demand will remain reasonably favorable for commodity stocks,” said James Buckley, a London-based director at Baring Asset Management, […]
ALLSTATE Exploration has bowed to pragmatism and agreed to endorse a mining engineer as its representative on the joint-venture committee that oversees the troubled Beaconsfield Mine in northern Tasmania.
Gary Davison, a director with Lightning Nickel and managing director of mining and geotechnical consultant Mining One, has agreed to join the BMJV, which consists of Beaconsfield […]
Uranium is the energy investment of choice for a growing number of hedge funds, which claim a sixfold gain since 2001 is just the beginning of a rally that will last years.
“We’re in a historic uranium shortage,” said James Passin, who manages $580 million at New York-based Firebird Management and began buying shares of uranium […]
There was turbulence in financial markets as dealers sold airline shares, oil and the pound in reaction to the news. Investors were concerned that prolonged suspension of flights in and out of the UK could hit airlines’ profits and their demand for jet fuel.
A leading accountancy firm added to the jitters by estimating that the […]