Centamin picks up after Sukari dispute resolution March 12, 2012 SHARES in gold miner Centamin rallied yesterday after it said normal operations had resumed at its Sukari gold mine in Egypt. The Egypt-focused miner said on 6 March it had temporarily halted operations at its flagship gold mine due to “illegal labour unrest”, sending its shares down over 12 per cent. The miner said the [...]
CARILLION WINS THAMESLINK CONTRACT March 12, 2012 SUPPORT services firm Carillion announced yesterday it has been chosen to deliver further construction work for the Network Rail Thameslink programme, securing a contract worth up to £120m. Carillion will be responsible for improvements to depots and sites to allow the introduction of the new 12-car fleet across the cross-London rail link.
Viterra rises on Glencore interest March 12, 2012 Shares in Viterra, the Canadian grain firm being circled by Glencore, jumped more than four per cent yesterday as more possible bidders emerged. The Saskatchewan firm briefly hit a three-and-a-half year high on the Toronto Stock Exchange. It has not spoken publicly since admitting third-party interest on Friday, now known to be from Glencore. Canadian [...]
Sirius confident on test results March 12, 2012 Sirius Minerals, the company behind plans for a new potash mine in North Yorkshire, yesterday reported strong results from its testing. Chief executive Chris Fraser said: “These important results have confirmed the… world-class nature of the York Potash Project.”
Aminex pares back its losses March 12, 2012 Oil and gas group Aminex reported net losses of $900,000 (£576,000) for the year to the end of December – down from $4.5m in the previous year. It said gross revenues had risen to $9.3m, up from $7.1m in 2010, and total production in the US had increased by 62 per cent to 130,250 barrels [...]
Ferrex declares iron resource March 12, 2012 Aim-listed miner Ferrex yesterday declared a maiden Joint Ore Reserves Committee (Jorc) compliant resource of 139m tonnes at its Malelane iron ore project, in the Mpumalanga province of South Africa.
CITY MOVES | WHO’S SWITCHING JOBS March 12, 2012 Grainger Laure Duhot will be joining the UK’s largest listed residential property landlord in the new role of director of strategic capital markets. She will oversee Grainger’s evolving business strategy, with specific focus on the creation and management of new joint ventures, funds and strategic alliances. Duhot has worked extensively in investment banking and global [...]
BEST OF THE BROKERS March 12, 2012 CARNIVAL Investec held Carnival as a “buy” after it posted first quarter figures in line with estimates last week. The broker said underlying bookings are “buoyant” despite marketing being pulled for two weeks following the capsizing of the Costa Concordia, which killed at least 25 people. Fuel costs and foreign exchange rates have moved against Carnival, [...]
FTSE lifts as defensive gains offset miner and bank losses March 12, 2012 BRITAIN’S blue-chip index ended with a small gain yesterday, as profit-taking on mining companies and banks was offset by gains among defensive shares. The FTSE 100 index ended up 5.26 points, or 0.1 per cent, at 5,892.75, having traded 90 per cent of its 90-day volume average. The index only moved into positive territory late [...]
US stocks up ahead of Fed’s statement March 12, 2012 DEFENSIVE names rallied in an otherwise flat day for Wall Street yesterday as investors paused after recent gains and looked ahead to the Federal Reserve’s monetary policy statement. Investors will eye today’s statement from the US central bank’s Federal Open Market Committee to see whether the Fed will cool down expectations of more easing of [...]
