Genel ups oil output target November 1, 2012 KURDISTAN-focused Genel Energy yesterday upped its production guidance for 2012 to 45,000 barrels of oil per day, following the resumption of export sales in August. The company, run by former BP chief executive Tony Hayward, expects production from its oilfields Taq Taq and Tawke to reach 90,000 and 75,000 barrels of oil a day. Despite [...]
Chemring shares hit six-year low as it slashes its forecast November 1, 2012 SHARES in defence equipment firm Chemring fell to a six-year low yesterday as it cut its full-year profit guidance. The firm, which is currently in talks with US private equity group Carlyle over a takeover bid, reduced its expectations for earnings per share by 13 pence, for the year to October. Delays to a contract [...]
Amplats extends work offer November 1, 2012 Anglo American Platinum yesterday extended the return to work offer for the 12,000 miners it dismissed last month, to try and restart production at its industrial action-hit South African operations. Amplats is losing an average of 3,694 ounces of platinum each day due to the strike, and to date 141,640 ounces of the precious metal [...]
Coal of Africa production falls November 1, 2012 Production at Coal of Africa fell in the three months to September, down to 1.27bn tonnes of coal from 1.32bn tonnes over the previous quarter, it reported yesterday. Chief executive John Wallington said that the South African coal mining firm would remain focused on implementing cost control measures to reduce operating losses.
Avocet Mining losses narrow November 1, 2012 Gold miner Avocet Mining yesterday said its losses narrowed in the three months to September, down from £33.5m to £323,000 year-on-year. Gold production fell slightly year on year, to 33,067 ounces from 33,256 over the same period in 2011. Full year gold production guidance has been maintained at between 135,000 and 140,000 ounces.
Police join Chelsea probe into monkey gesture fan November 1, 2012 POLICE have launched an investigation after a Chelsea supporter appeared to make a monkey gesture towards Manchester United’s black forward Danny Welbeck during Wednesday’s Capital One Cup match. The Blues acted swiftly yesterday to probe the incident after images of the alleged protagonist began circulating online, appealing for anyone to identify the man and pledging [...]
Wenger tells Arsenal supporters to lay off RVP November 1, 2012 ARSENAL manager Arsene Wenger has urged fans not to vent their anger at Robin van Persie when they face him in tomorrow’s Premier League visit to Manchester United. Van Persie was accused of treachery when he refused to sign a new contract and demanded a transfer over the summer, paving the way for the former [...]
Cahill driven to stay as Terry’s ban nears end November 1, 2012 CHELSEA defender Gary Cahill has reaffirmed his intention to remain in his side’s first team as John Terry’s four-match ban nears its completion. Club captain Terry and David Luiz have this season largely been manager Roberto Di Matteo’s first-choice central defensive pairing but since the former’s suspension after the Football Association found him guilty of [...]
Patel can tame India’s swing, insists Anderson November 1, 2012 PACEMAN James Anderson has backed Samit Patel’s bid for a regular Test place after the all-rounder completed his first England century in yesterday’s drawn tour match against India A. Patel scored 104 to add to captain Alastair Cook’s 119 as England amassed 426 for their first innings, a lead of 57, before India reached 124-4 [...]
Wasps pack out to sting Saracens in derby November 1, 2012 LONDON Wasps are on a high following four straight wins, but hooker Tom Lindsay has bad news for Saracens ahead of Sunday’s Aviva Premiership clash – insisting the forwards are still not satisfied. Last season’s woes – where Wasps survived the drop on the last day of the season – seem a thing of the [...]
