Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

1-10 results from 1000 for query «mining»

September 22, 2017 12:01 PM Trump's remarks on African country "Nambia" prompt widespread ridicule

WASHINGTON, Sept. 22 (Xinhua) -- U.S. President Donald Trump's remarks on "Nambia" during a United Nations speech didn't go without notice. People online quickly realized the gaffe and reacted strongly. "Nambia's health system is increasingly self-sufficient," Trump said. The White House later published the speech, which showed Trump had meant to say "Namibia 1

September 21, 2017 11:49 AM Donald Trump mocked for referring to non-existent African country 'Nambia'

The President mispronounced the name of the country at a lunch for African leaders - but which nation was he referring to? At a working lunch with African leaders, the President said: "In Guinea and Nigeria you fought a horrifying Ebola outbreak. The gaffe was greeted with derision by Mr Trump's critics and jokers on social media. So, which real African 2

September 19, 2017 6:56 AM Gem Diamonds recovers 115-carat diamond from Letseng mine

Sept 19 (Reuters) - Gem Diamonds said on Tuesday it had recovered a high-quality 115-carat diamond from the Letseng mine in Lesotho. The company, which has diamond mining operations in Lesotho and Botswana, said the find follows the recovery of five other diamonds of over 100 carats so far in 2017 from Letseng. Gem Diamonds owns 70 percent of the Letseng 7

September 19, 2017 4:10 AM Petra may mothball Tanzanian diamond mine amid crackdown

Net post-tax profit was $21m, down from $67m the year before. Mining profit fell to $169m from $176m. While the missed production target was important, more pressing for analysts was how Petra was managing the fallout from the government crackdown on its Williamson mine in Tanzania, which made up about 6% of operating profit. "Should Petra be unable 4

September 18, 2017 7:20 AM Petra Diamonds profit falls, restarts Tanzania mine

(Reuters) - Petra Diamonds Ltd on Monday reported a 4.3 percent fall in full-year adjusted profit and said it resumed operations at Williamson mine in Tanzania after a four-day stoppage. Petra Diamonds halted operations at the Tanzanian mine last week after the government seized a consignment and questioned some of its personnel as part of a crackdown 2

September 18, 2017 4:37 AM Tanzanian Leader's War for More Tax Puts Economy in Firing Line

Tanzanian President John Magufuli’s deepening dispute with companies he accuses of being tax cheats is rattling investors and dimming the allure of one of Africa’s fastest-growing economies. Since taking office in late 2015, Magufuli has been on a drive to increase revenue from natural resources to help fund his industrialization plans. His administration 2

September 18, 2017 4:00 AM BCL moves to liquidate Pula Steel

BCL, which is the majority shareholder in Pula Steel, is also the biggest creditor of the steel making company, which is currently under judicial management. Provisional liquidator of BCL, Nigel Dixon Warren told BusinessWeek that following shareholders’ failure to inject fresh funds into the company he was left with no option but to apply to the High Court 2

September 17, 2017 5:33 AM Firestone Diamonds PLC (FDI) Earns “Outperform” Rating from Macquarie

Macquarie restated their outperform rating on shares of Firestone Diamonds PLC (LON:FDI) in a research note published on Thursday. Macquarie currently has a GBX 60 ($0.77) price objective on the stock. FDI has been the topic of a number of other reports. Panmure Gordon dropped their target price on shares of Firestone Diamonds PLC from GBX 68 ($0.88) to GBX 38 ($0.49) and set a buy rating 1

September 16, 2017 4:03 PM Firestone Diamonds (LON:FDI): Macquarie Reiterates Outperform Rating Today, Has a Target of GBX 60.00/Share

Firestone Diamonds (LON:FDI) Rating Reaffirmed In analysts note issued on Thursday morning, The Outperform rating of Firestone Diamonds (LON:FDI) shares was maintained by Analysts at Macquarie, who now has a GBX 60.00 PT on the stock. Macquarie’s PT would indicate a possible upside of 105.13 % from the last stock price of the company. Among 7 analysts 3

September 16, 2017 1:44 PM Were Analysts Bullish Gem Diamonds Limited (LON:GEMD) This Week?

Gem Diamonds Limited (LON:GEMD) Ratings Coverage Among 13 analysts covering Gem Diamonds Ltd (LON:GEMD), 4 have Buy rating, 2 Sell and 7 Hold. Therefore 31% are positive. Gem Diamonds Ltd had 116 analyst reports since July 27, 2015 according to SRatingsIntel. FinnCap maintained Gem Diamonds Limited (LON:GEMD) on Wednesday, September 2 with “Buy” rating 3