The boost was the result of a strong showing from its infrastructure division and a “significant” improvement in the performance of its natural resources arm
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Anglo Pacific Group plans to make further royalty investments in the second half after boosting its cash position
“With this purchase, Premier has achieved a meaningful interest and a substantial addition to our asset base,” said George Roach, Premier African chief executive.
Premier’s deal may on the face of it look modest – it is has acquired a 1% stake in Circum Minerals for US$1.36mln. But it says it now has a “meaningful” 5.2% interest in the company
Nicholas Hyett, equity analyst at Hargreaves Lansdown said “the move is likely to be seen as a capitulation by the board, which had previously argued that the division formed a core part of the group’s operations”
The FTSE 100-listed firm said it has “determined that our Onshore US assets are non-core and we are actively pursuing options to exit these assets for value”
The Chilean copper producer reported underlying profit of (EBITDA) of US $1.1bn for the six months to June 30, up 87.8% from a year earlier, as revenue jumped by 41.9% to US$2,049bn
“We believe that our diversified portfolio of projects is well placed to benefit from current and future market trends,” chairman Anthony Balme said.
Tango Mining is taking control of the Oena mine in Northern Cape, ahead of planned further expansion in diamonds
Wishbone has supply agreements with miners based in Peru, Ghana, Chile and Colombia.
New Luika comprises nine deposits in the south of Tanzania
Thor has long had a primary focus on tungsten, with the company’s flagship project at Molyhil in Australia’s Northern Territory, but in recent years it has had to be nimble about it, as prices of the metal plunged after the boom of the last decade
In a statement, the FTSE 100-listed miner’s chief executive officer Andrew Mackenzie said: "Execution of the Spence Growth Option (SG))will create long-term value for shareholders in one of our preferred commodities"
The concrete paving manufacturer posted a 16% rise in pre-tax profit to £29.1mln for the six months to June 30, up from £25.1mln a year earlier, as revenue rose 8% to £219.0mln
Bezant is now looking to reach operational profitability at the FKJ-083 licence area within the next three months
Harvest intends to lodge an application with MAPA (the Brazilian Ministry of Agriculture, Livestock and Supply) to register Kpfértil as, initially, a remineraliser
The company has continued to invest in its sales force over the first half of the year
Neil Wilson, senior market analyst at ETX Capital pointed out: “Construction is all about margins and bidding too aggressively for work cost Balfour dearly for a couple of loss-making years in which it delivered seven profit warnings."
In a statement, reported by Reuters, Elliott said it had converted its previous 4.5 % "economic interest" in the FTSE 100-listed company to a 5% shareholding in BHP Billiton's UK-listed shares.
The FTSE 250-listed firm posted a total pre-tax profit of £12mln for the six months to June 30, a turnaround from a loss of £15mln a year earlier, as revenue rose to £4.201bn
The key stock catalyst is still the further signing of bankable off-take contracts, where negotiations continue, noted Liberum Capital Markets
Bushveld has also joined the Energy Storage Committee of Vanitec, the vanadium producers’ trade body
The company has just agreed to spend the best part of £12mln on the Vametco vanadium mine next door to the company’s own deposit at Brits
The company said drilling of basic rock bodies identified by outcrop, limited ground magnetic survey and previous aeromagnetic survey data, intersected encouraging "potentially mineable" near-surface copper mineralisation with good grades
A placing at 14.7p was oversubscribed and the money means work can start at Anza (in Colombia)