StockMarketWire.com - Anglo American (AAL) said pre-tax losses declined by 81% to $364 million in the six months to 30 June and the company generated $1.1 billion of free cash flow.

The company said it's on track to further reduce net debt.

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Herencia Resources (HER) completed a formal purchase agreement with Golden Rim Resources Limited for the sale of its 70% ownership in the Paguanta zinc, silver and lead project in northern Chile.

The total consideration was $2.3 million in cash and GMR equity, with GMR agreeing to pay up to $2.1 million towards various contingent liabilities.

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Caledonia Mining (CMCL) announced an upgrade to the resource base at its Blanket mine in Zimbabwe.

Based on diamond core drilling over the past half year, 343,000 tonnes were upgraded from the inferred to the indicated resource category.

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Savannah Resources (SAV) announced that exploration is underway at its two new lithium projects in Finland, being Somero and Erajarvi.

The exploration programme is expected to take eight to 10 weeks and comprises geological mapping, surface rock chip and channel sampling, targeting pegmatites with known lithium minerals with the aim of generating drill targets during 2016.

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Eurasia Mining (EUA) said an agreement was reached with the Ekaterinburg non-ferrous metals processing plant (EZOCM), part of the Renova group of companies, for processing of black sand concentrates containing a suite of precious metals from the West Kytlim Mine.

A separate contract was agreed to cover sale of the resulting metal bullion to EZOCM.


At 2:52pm:

[LON:AAL] Anglo American PLC share price was +44.35p at 843.55p

[LON:BEM] Beowulf Mining PLC share price was 0p at 4.25p

[LON:BKY] Berkeley Energia Ltd share price was +0.5p at 48.5p

[LON:CEY] Centamin PLC share price was +8.95p at 162.45p

[LON:CHL] Churchill Mining PLC share price was +0.75p at 23.38p

[LON:CMCL] Caledonia Mining Corp share price was +3p at 89.5p

[LON:CZA] Coal of Africa Ltd share price was 0p at 3.75p

[LON:EUA] Eurasia Mining PLC share price was +0.05p at 0.55p

[LON:FDI] Firestone Diamonds PLC share price was -0.25p at 43.25p

[LON:FRES] Fresnillo PLC share price was +80p at 1927p

[LON:GEMD] Gem Diamonds Ltd share price was -3.12p at 127.13p

[LON:HER] Herencia Resources PLC share price was -0.01p at 0.03p

[LON:HOC] Hochschild Mining PLC share price was +8.2p at 269.5p

[LON:KMR] Kenmare Resources PLC share price was +2.5p at 227.5p

[LON:SAV] Savannah Resources share price was -0.33p at 4.1p

[LON:VED] Vedanta Resources PLC share price was -2p at 560.5p



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