Centamin posts record fourth quarter production at Sukari
9th Jan 2013 08:01
Egypt-focused gold mining and exporting company Centamin has posted record production at its Sukari Gold Mine for the final quarter of 2012. During the three month period gold production totalled 85,543 ounces, up 45% on the same period the previous year and 40% higher than that generated in the th
Read moreCentamin resumes operations at its Sukari mine
20th Dec 2012 13:10
Egypt-focussed gold mining and exporting company Centamin has published an operational update stating that operations have resumed at its Sukari gold mine. The news comes days after operations at the Sukari mine were put on hold following a suspension of fuel supply. Centamin stated that fuel suppl
Read moreLondon close: FTSE 100 finishes strongly on 'fiscal cliff' optimism
18th Dec 2012 16:55
- US budget negotiations lift hopes - G4S up on renewed confidence - FTSE 250 at all-time high UK markets finished with strong gains on Tuesday afternoon as 'fiscal cliff' hopes spurred investors' appetites for riskier assets, such as mining stocks. The second-tier FTSE 250 index was trading at a
Read moreFTSE 250 movers: New World Resources jumps on coal demand hopes
18th Dec 2012 14:58
Central Europe-focused hard coal and coke producer New World Resources surged on Tuesday afternoon after the International Energy Agency (IEA) said that coal will come close to surpassing oil as the world's top energy source by 2017. According to the IEA's Medium-Term Coal Market Report, the world
Read moreLondon midday: G4S leads markets higher
18th Dec 2012 11:27
- Stocks advance on 'fiscal cliff' hopes - Miners track metal prices higher - G4S up on renewed confidence A decent performance by G4S and the mining sector ensured that the FTSE 100 remained firmly in positive territory on Tuesday morning, with hopes over the US budget talks driving risk appetite.
Read moreLondon close: Stocks fall as 'fiscal cliff' deadline looms
17th Dec 2012 16:40
Increasing optimism surrounding budget talks between US politicians may have helped the FTSE 100 come off its intraday low, but the index was stuck firmly in negative territory with markets remaining nervous ahead of the January 1st deadline. Without a deal, the $600bn in automatic spending cuts a
Read moreFTSE 250 movers: Centamin rebounds as gold exporting resumes
17th Dec 2012 16:03
Egypt-focused gold mining and exporting company Centamin surged after confirming that the halt by customs on gold exports from Sukari has been lifted and a shipment was made on Sunday December 16th. Centamin's shares took a battering last week when it said that it has been forced to suspend mining
Read moreLondon midday: Aggreko leads UK stocks lower
17th Dec 2012 11:33
The FTSE 100 had fallen firmly into negative territory by Monday lunchtime as markets focused on the impending 'fiscal cliff' in the US. "After a quiet open European stocks are weaker across the board this morning as traders temper their risk appetites over concerns that talks in Washington will pu
Read moreLondon open: Aggreko drags Footsie lower early on
17th Dec 2012 08:18
The FTSE 100 opened flat on Monday morning with the focus firmly on the impending 'fiscal cliff' in the US as markets prepare for the Christmas holiday. Aggreko was providing a drag on the index after giving a gloomy outlook for 2013. "European equities are trading little changed to slightly higher
Read moreLondon pre-open: Flat start expected for the Footsie
17th Dec 2012 07:31
UK stocks are expected to open broadly flat on Monday morning as the 'fiscal cliff' in the US continues to dominate market sentiment ahead of the Christmas holiday. City sources are expecting the FTSE 100 to open just four points higher than Friday's close of 5,922. Market analyst Craig Erlam from
Read moreGold exporting resumes at Centamin
17th Dec 2012 07:08
Egypt-focused gold mining and exporting company Centamin has confirmed that the halt by customs on gold exports from Sukari has been lifted and a shipment was made on Sunday December 16th. A statement published by the company said: "We expect both fuel supply and normal operations at Sukari to res
Read moreLondon close: Footsie slips into the red by the close
14th Dec 2012 16:28
After a decent start after some upbeat Chinese data, the Footsie was pressured into the red by the close of trade on Friday following a weak open on Wall Street. Nevertheless, losses in London were only modest, with the blue-chip index remaining close to the nine-month high reached earlier this week
Read moreFTSE 250 movers: Centamin rebounds on fuel supply news
14th Dec 2012 16:08
Gold miner Centamin rebounded strongly after saying that the fuel supply to its Sukari mine in Egypt has resumed, after the Egyptian General Petroleum Corporation went back on yesterday's decision to hit the gold miner with a retrospective payment claim. However, issues with delayed gold exports s
Read moreLondon midday: Gains erased as resource stocks shrug off Chinese data
14th Dec 2012 11:54
After a positive start, London's benchmark FTSE 100 index slipped into the red by midday, as investors shrugged off some better-than-expected data from Asian powerhouse China. The HSBC China flash manufacturing purchasing managers' index (PMI) rose from 50.5 to 50.9 in December, slightly above the
Read moreLondon open: Stocks lifted by Chinese manufacturing figures
14th Dec 2012 08:15
UK stocks edged higher in early trading on Friday, with upbeat data from China temporarily offsetting investor concerns over the 'fiscal cliff'. The HSBC flash manufacturing purchasing managers' index (PMI) rose from 50.5 to 50.9 in December, slightly above the 50.8 forecast. This was its highest l
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