mining

AsiaPhos has terminated a SPA to purchase MMJV which controls concessions for 3 gold and copper mines in the Philippines.

PhillipCapital has initiated coverage on iron ore producer Fortress Minerals with a “buy” rating and target price of 28 cents.

SINGAPORE (May 14): CNMC Goldmine Holdings posted earnings of US$1.4 million ($1.9 million) for 1Q19, the group’s highest quarterly profit attributable to shareholders since 3Q16, and nearly triple of its earnings of US$0.5 million a year ago.  

SINGAPORE (Mar 25): UOB KayHian says upcoming market entrant Fortress Minerals (FMIL SP) is well positioned to ride on increasing demand from Chinese steel mills.

SINGAPORE (Apr 26): AsiaPhos has reversed into the red in 1Q18 with a loss of $0.7 million for 1Q18 compared with earnings of $0.1 million a year ago on lower margins.

SINGAPORE (Jan 26): The volatile and mysterious world of cryptocurrencies is now a shopping mall away -- at least in Singapore.

(Nov 20): This past week of the earnings season has brought positive news for some of the property and tech companies in our Singapore Market Portfolio. One of our holdings in the mining space continues to face headwinds, but is building new capabilities.

SINGAPORE (Oct 19): Mainboard-listed Dragon Group International is diversifying from electronics into mining although investor interest after the announcement remained muted.

(Aug 14): The price at which ISR Capital will acquire a major stake in a rare earth mining concession in Madagascar has been slashed by more than 88% to $4.52 million, which is less than what the vendor paid for it in late 2015. And, a third independent v