- Bt Group 313.70 0.00
- Caza Oil & Gas 12.00
+0.25 - Gulf Keystone 151.50 0.00
- Iofina 206.00 0.00
- Itv 139.10 0.00
- Kingfisher 348.60 0.00
- Max Petrol 4.08 0.00
- Sefton Res. 0.48
-0.05 - Tesco 344.60 0.00
Mining Sector: Anglo American reports output figures and lower contributions from Kumba and De Beers
Friday, 20th July 2012
Anglo American's (LON:AAL) shares were virtually unchanged in late afternoon trading following a slew of reports earlier. The company reported second quarter production figures and a fall in the contribution to underlying earnings from Kumba Iron Ore and De Beers.
Anglo American said iron ore and copper production rose by 12% and 7% respectively in the second quarter while metallurgical coal achieved record output.
Iron ore production increased to 12.9 million tonnes due to the ramp-up of the Kolomela mine and production improvements at Amapá.
Copper production increased to 161,100 tonnes with the srong ramp-up of the Los Bronces expansion offset by lower grades, lower recoveries and adverse weather.
Metallurgical coal achieved a quarterly production record, with export production increasing by 23% to 4.8 million tonnes, benefiting from productivity improvements.
Nickel production increased by 65% to 10,900 tonnes as production from Barro Alto continued to ramp up.
Platinum equivalent refined production was flat at 583,600 ounces. Refined production was 623,000 ounces, 3% less, due to the slower than expected ramp-up of the converter plant following the planned maintenance.
Diamond production decreased by 11% to 7.2 million carats largely in response to market conditions; while focusing on planned maintenance and waste stripping.
Norseman Gold (LON:NGL) says that due to strong demand the proposed placing announced on 18 July has been increased to raise approximately A$25m through the issue of 625,000,000 new ordinary shares at 4 cents apiece.
The placing has been managed by Moelis Australia Advisory Pty Ltd and Ocean Equities Limited acting as joint bookrunners and Joint Lead Managers and included investors introduced by Northland Capital Partners Limited.
The funds raised from the placing will be used for the company's working capital requirements including the reduction of existing creditors as announced on 18 July.
Namakwa Diamonds (LON:NAD) has completed the supplementary water pipeline, transfer reservoirs and intake and intermediate pump stations for the Kao mine in Lesotho.
The construction of the 9.1 km line was fully funded by Namakwa Diamonds.
The scrubber has been repaired and transported back to site.
It will be installed subject to plant requirements for the treatment of currently stockpiled ore and once inclement weather in Lesotho has cleared.
Kenmare Resources (LON:KMR) has raised £38.4m, before expenses, through a placing of 120 million new ordinary shares at 32p apiece.
The placing shares represent approximately 5% of the issued ordinary share capital of the company prior to the placing.
The sector's biggest riser was Sunrise Resources (LON:SRES) - up by more than 26% - while the biggest faller was Galantas Gold (LON:GAL) - down by nearly 14%
At 4:12pm:
(LON:AAL) Anglo American share price was -4p at 2031p
(LON:AMI) American Investment Trust share price was -6.75p at 320.75p
(LON:AQP) Aquarius Platinum share price was -0.15p at 42.6p
(LON:BEM) share price was 0p at 10p
(LON:BKY) share price was 0p at 29p
(LON:CEY) Centamin Egypt Ld share price was +0.65p at 67.1p
(LON:CHL) share price was +0.01p at 13.13p
(LON:CZA) share price was -0.88p at 30.75p
(LON:FDI) Firestone Diamonds share price was -0.12p at 5.13p
(LON:FRES) share price was -40p at 1388p
(LON:GEMD) share price was -2.05p at 208.45p
(LON:HOC) share price was -12.4p at 428.5p
(LON:KMR) Kenmare Resources share price was -0.41p at 34.43p
(LON:NAD) Nadlan share price was -0.05p at 3.58p
(LON:NGL) share price was -0.02p at 2.73p
(LON:SRES) share price was +0.16p at 0.73p
(LON:VED) Vedanta Resources share price was -20.25p at 882.25p
Story provided by StockMarketWire.com
Stock Market Update
Wednesday, 19th June 2013
END-OF-DAY REPORT: The headline index ended the day modestly lower, as investors sat on their ...
Share News
Wednesday, 19th June 2013
VOD VODAFONE GROUP PLC ORD USD0.11 3/7 value of shares traded £283,321,900 RIO RIO TINTO PLC ORD 10P ...
Wednesday, 19th June 2013
OAO Novatek has launched the first stage of the gas condensate fractionation and transshipment ...
Wednesday, 19th June 2013
Sefton Resources (LON:SER) was the sector's biggest faller despite an upbeat assessment of the company's ...
Wednesday, 19th June 2013
Jubilee Platinum's (LON:JLP) shares soared after a liquidation application which threatened to delay its takeover ...
SharePrice.com will do their best to ensure the quality of the information displayed on this site, but all information is provided as-is. We cannot be held responsible for any loss, material or otherwise, due to incorrect information found here. All share prices are provided by the London Stock Exchange, and are at least 15 minutes delayed.