LONDON BRIEFING: FTSE 100 called up on week of central bank decisions
18th Mar 2024 07:44
(Alliance News) - Stocks in London are expected to tread water on Monday, as investors look ahead to a busy week of interest rate decisions. Read More
(Alliance News) - Stocks in London are expected to tread water on Monday, as investors look ahead to a busy week of interest rate decisions. Read More
Celsius Resources Ltd - mineral explorer focused on portfolio of copper-gold resources in the Philippines - Philippine government's Department of Environment & Natural Resources approves mining permit for Celsius's flagship Maalinao-Caigutan-Biyog copper-gold project. The permit is for 25 years, renewable for another 25 years. Celsius says the permit is the first approved in the Philippines in the past 15 years. It grants local subsidiary Makilala Mining Co Inc the exclusive right to undertake exploration, development, and commercial production of copper in the MCB area. Read More
(Alliance News) - Celsius Resources Ltd, on Friday announced that it continues to make a loss during a period of exploration, but that it is close to obtaining "exclusive" mining rights on its flagship project. Read More
Celsius Resources Ltd - mineral explorer focused on portfolio of copper-gold resources in the Philippines - Requests extension of share suspension on Australian Securities Exchange. The shares have been halted in Sydney since Monday last week, while they continue to trade on AIM in London. Celsius asks for the suspension to continue until it makes an announcement about the mine permitting process in the Philippines or until Thursday next week at the latest. Says the Philippine government's Department of Environment & Natural Resources has reached a conclusion regarding the issuance of the mining permit for Celsius's flagship Maalinao-Caigutan-Biyog copper-gold project, but there remain "additional important and indispensable Philippine government protocols that need to be complied with for the effectivity of the mining permit". Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Celsius Resources Ltd - explorer focused on portfolio of copper-gold resources in the Philippines - Says subsidiary Tambuli Mining Co Inc has made an application for a declaration of mining project feasibility for its Sagay copper-gold project to to the mines and geosciences bureau of the Philippine government. The DMPF is a "key requirement" before Celsius can achieve an exclusive right to conduct mining operations on the Sagay project in the island of Negros. Read More
Celsius Resources Ltd - Perth, Australia-based explorer focused on its portfolio of copper-gold resources in the Philippines - Receives renewal of prospecting licence for the Opuwo cobalt project, which is held under its Namibian subsidiary, Opuwo Cobalt Holdings (Pty) Ltd. The two-year renewal, which was issued by the Namibian Ministry of Mines & Energy in October, is for the EPL 4346 prospecting licence, which covers approximately 683 square-kilometres. Celsius says this renewal will allow it to further evaluate the project's viability, with a view to finding a suitable partner. Adds that ongoing trade-off studies on mining costs, production rates and the possibility of processing oxide ores are being conducted to determine the viability and financial outcomes. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Celsius Resources Ltd - Perth, Australia-based explorer focused on its portfolio of copper-gold resources in the Philippines - Says subsidiary Makilala Mining Co Inc and the Kalinga provincial government have signed a memorandum of understanding for the development of the access road for its flagship Maalinao-Caigutan-Biyog copper-gold project. Celsius Executive Chair Atty Sarmiento says: "In the development of the MCB project, we have always consulted and partnered with the local government to align our plans and programs for the efficient use of resources to achieve a common goal. We are grateful that the provincial government, through the leadership of Governor James Edduba, is receptive in collaborating with us to pave the way for the MCB project's infrastructure needs, as well as those of the local communities." Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Celsius Resources Ltd on Monday said that while it remains in "positive dialogue" with the Philippine Department of Natural Resources, it has not yet received the mineral production sharing agreement for its copper-gold project. Read More
(Alliance News) - Celsius Resources Ltd on Tuesday said its Philippines subsidiary Makilala Mining Co Inc received approval of its feasibility study for the Maalinao-Caigutan-Biyog copper-gold project in the Philippines. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More
Celsius Resources Ltd - West Perth, Australia-based explorer for copper and gold in Philippines and cobalt in Namibia - Believes Silvercorp Metals Inc is unlikely to make a new takeover offer for Celsius, so it is exploring potential offers from other suitors. Back in May, Celsius had agreed to an offer from Silvercorp worth GBP0.016 per share. The offer was mostly in Silvercorp shares but was worth double the price of 0.8 pence at which Celsius had listed on AIM in London in January this year. However, following discussions with its shareholders, Celsius went back to Silvercorp asking for a higher price. "Silvercorp has not engaged with Celsius in such discussions," it says on Friday. Celsius says it hasn't received formal notice from Silvercorp that it is terminating the takeover, but Silvercorp has announced that no negotiations are taking place and also has sold Celsius shares. Exclusivity obligations have since expired, "allowing the Celsius board to openly and immediately consider previously received and new approaches from third parties", Celsius says. Read More
(Alliance News) - Celsius Resources Ltd on Monday said it was issued a two-year exploration permit for its Botilao copper-gold project by the Philippine Mines & Geosciences Bureau. Read More
Celsius Resources Ltd - copper-gold exploration and development company in the Philippines, Namibia and Australia - Says it has substantially completed negotiations with Silvercorp Metals Inc regarding the legally binding agreements for the scheme and demerger. Following feedback from shareholders, Celsius has sought to advance discussions with Silvercorp regarding key commercial aspects of the transaction. The period of exclusivity under the term sheet has expired, but Celsius says it "remains committed to advancing the discussions with Silvercorp" and to execute binding agreements. Read More
Celsius Resources Ltd - copper-gold exploration and development company in the Philippines, Namibia and Australia - Says its Philippine subsidiary Makilala Mining Co Inc has been issued a certificate of approval for its flagship Maalinao-Caigutan-Biyog copper-gold project. MCB is located in the Cordillera Administrative Region north of Manila. Certificate covers Makilala's Environmental Protection & Enhancement Program and Final Mine Rehabilitation &/or Decommissioning Plan. Its conditions include establishing a guarantee funding mechanism to ensure satisfactory compliance with the plans' commitments. Read More