LONDON (Alliance News) - Anglo Asian Mining PLC Thursday said it has increased its JORC compliant gold resource at the Gedabek gold, copper and silver mine in western Azerbaijan by 29%. The gold producer said the resource update, which took into account new drilling results since August 201 Read More

Anglo Asian Mining Pretax Profit Drops Sharply

28th May 2014 08:47

LONDON (Alliance News) - Anglo Asian Mining PLC Wednesday said its pretax profit slumped in 2013 as expected, as it was hit by lower revenues, increased cost of sales and changes to the accounting treatment of certain items. The gold producer with operations in Azerbaijan said its pretax pr Read More

Anglo Asian Mining Secures To USD1.5 Million Six Month Loan

22nd May 2014 11:18

LONDON (Alliance News) - Anglo Asian Mining PLC Thursday said it has agreed to a USD1.5 million six-month loan from the International Bank of Azerbaijan (IBA) in order to help develop its Gedabek and Gosha mines. The gold producer said the loan, which has an all-inclusive annual interest ra Read More

Anglo Asian Mining Issues Second Profit Warning About 2013

14th May 2014 13:52

LONDON (Alliance News) - Anglo Asian Mining PLC Wednesday said that, as it continues finalising its full year 2013 results, its profitability for the year is expected to be even further impacted by increased cost of sales and the accounting treatment of certain items. The gold producer with Read More

Anglo Asian Mining Signs Copper Sales Contract

6th May 2014 09:49

LONDON (Alliance News) - Anglo Asian Mining PLC Tuesday said it has signed a three-year copper sales contract with Industrial Minerals SA for products from its Gedabek gold, copper, silver mine in Azerbaijan. The miner said the deal makes Industrial Minerals its exclusive partner, purchasin Read More

UK MIDDAY BRIEFING: Hester Making Quick Work Of RSA Revamp

17th Apr 2014 11:47

LONDON (Alliance News) - <strong>RSA Insurance Group</strong> Chief Executive Stephen Hester Thursday went a long way to meeting his asset disposal target, selling the insurer's Polish and Baltic operations as part of its efforts to shore up its balance sheet in the wake of big losses in Irela Read More

UK WINNERS & LOSERS: RSA Rises As Baltic, Polish Operations Sold Off

17th Apr 2014 10:37

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday. ------- FTSE 100 - WINNERS ------- RSA Insurance Group, up 2.3%. The insurer said it has sold its operations in the Baltics and Poland for GBP30 Read More

Anglo Asian Reduces 2014 Production Target

17th Apr 2014 08:35

LONDON (Alliance News) - Anglo Asian Mining PLC Thursday revised expected production from its new agitation leaching plant at Gedabek in Azerbaijan and dropped its 2014 gold production target despite significantly increasing production in its first quarter. The miner said gold production in Read More

DIRECTOR DEALINGS: Anglo Asian Mining Non-Executive Exercises Options

23rd Jan 2014 11:32

LONDON (Alliance News) - Anglo Asian Mining PLC Thursday said non-executive Director John Monhemius exercised options over 150,000 shares at an exercise price of 11.5 pence per share Wednesday. Following this transaction, Monhemius has an interest in a total of 205,556 shares, which represe Read More

UK MIDDAY BRIEFING: UK Companies Start To Feel Sterling Pinch

15th Jan 2014 12:41

LONDON (Alliance News) - UK companies Wednesday started to warn that they are facing a profit hit from the gains sterling has made over the last six months, as revenues they bring back from sales overseas are worth less when translated into pounds. Luxury fashion house Burberry Group, polym Read More

UK WINNERS & LOSERS: Burberry Leads FTSE 100; Centrica, SSE Hit By Downgrade

15th Jan 2014 11:11

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday. ------- FTSE 100 - WINNERS Burberry Group, up 5.2%. The luxury fashion retailer has reported that its retail revenue rose 14% in the third quarter, w Read More

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