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Resource round-up: ATH Resources, Churchill Mining, Mariana Resources

Thu, 14th Jun 2012 12:52

ATH Resources lost almost half its value on Thursday after it said a big drop in coal prices had hit trading hard and it was in discussions with its banks. "International coal prices have fallen by some 21% since the beginning of the calendar year and by over 28% since the beginning of the group's financial year," it said. This meant some projects would have to be delayed. "The board continues to have discussions with its banking syndicate...in order to secure adequate facilities for the group," it said. Shares dropped 47% on the news.It was also a bad day for Churchill Mining, which said the Supreme Court of Indonesia had rejected its appeal over the revocation of four mining licences. The company has also filed a claim at the International Centre for Settlement of Investment Disputes in Washington D.C. against the Republic of Indonesia. It claims direct breaches of Indonesia's investment laws and Indonesia's obligations under international investment treaties. Churchill's share price fell 10% following the announcement.Continuing the run of bad news Mariana Resources fell 10% after it said its drilling programme had been interrupted by bad weather. The firm said it had completed a diamond drilling programme at its flagship Las Calandrias gold-silver project in Argentina but its Pichones target and Aguila project were hit by "access problems".San Leon Energy also fell despite announcing that is had successfully expanded its existing Rawicz Concession in the Permian/SW Carboniferous Basin of Poland. The firm said the addition of the gas field was key to its strategy to focus on near-term production to generate cash flow while it continued to "understand the significant upside present in the deeper Carboniferous".China-focused Fortune Oil was a rare riser amongst the resource stocks after it announced material progress relating to its Liulin Coal Bed Methane business. Total field production from the Fortune Liulin Gas horizontal wells now exceeded 14,000 cubic metres per day, it said. The most successful well to date was now producing over 7,000 cubic metres per day, a rate which exceeds all previous wells drilled by Fortune.
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(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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29 Apr 2024 14:29

UK earnings, trading statements calendar - next 7 days

Tuesday 30 April 
Avacta Group PLCFull Year Results
Card Factory PLCFull Year Results
Capital & Regional PLCFull Year Results
Close Brothers Group PLCTrading Statement
Cloudified Holdings LtdHalf Year Results
Coca-Cola HBC AGTrading Statement
Elementis PLCTrading Statement
essensys PLCHalf Year Results
Fadel Partners IncFull Year Results
Glencore PLCTrading Statement
Hargreaves Lansdown PLC Trading Statement
Howden Joinery PLCTrading Statement
HSBC Holdings PLCQ1 Results
Kelso Group PLCFull Year Results
Northcoders Group PLCFull Year Results
Phoenix Spree Deutschland LtdFull Year Results
RBG Holdings PLCFull Year Results
Rotork PLCTrading Statement
Safestore Holdings PLCHalf Year Results
Shield Therapeutics PLCFull Year Results
St James's Place PLCTrading Statement
Strip Tinning Holdings PLCFull Year Results
Whitbread PLCFull Year Results
Wednesday 1 May 
Anexo Group PLCFull Year Results
Computacenter PLCTrading Statement
Georgia Capital PLCQ1 Results
GSK PLCQ1 Results
Haleon PLCTrading Statement
HSS Hire Group PLCFull Year Results
Intelligent Ultrasound Group PLCFull Year Results
Maintel Holdings PLCFull Year Results
Next PLCTrading Statement
Smith & Nephew PLCTrading Statement
Thursday 2 May 
Endeavour Mining PLCQ1 Results
Hiscox LtdTrading Statement
International Personal Finance PLCTrading Statement
Kerry Group PLCTrading Statement
Lancashire Holdings LtdTrading Statement
Melrose Industries PLCTrading Statement
NAHL Group PLCFull Year Results
Reach PLCTrading Statement
Shell PLCQ1 Results
Smiths News PLCHalf Year Results
Smurfit Kappa Group PLCTrading Statement
Spectris PLCTrading Statement
Standard Chartered PLCQ1 Results
TI Fluid Systems PLCQ1 Results
Friday 3 May 
InterContinental Hotels Group PLCTrading Statement
Mondi PLCTrading Statement
Trainline PLCFull Year Results
Monday 6 May 
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28 Mar 2024 19:41

EARNINGS AND TRADING: Adnams names new CEO; Roebuck swings to loss

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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12 Dec 2023 19:31

IN BRIEF: Cloudified completes Falanx disposals, targets acquisition

Cloudified Holdings Ltd - Reading, England-based cybersecurity provider - Completes the sale of Falanx Cyber Defence Ltd and Falanx Cyber Technologies Ltd which was approved at the general meeting held on November 27. Explains the disposal is a fundamental disposal pursuant to Rule 15 of the AIM Rules for companies. Accordingly, the company now constitutes a cash shell in accordance with Rule 15 of the AIM Rules and expects to have cash balances post-restructuring and transaction costs of around GBP0.4 million.

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31 Jan 2017 15:36

Churchill Mining still appealing Kutai decision

(ShareCast News) - Churchill Mining announced on Tuesday that, further to its announcement on 23 December, it was continuing to work with the its solicitors Clifford Chance on a detailed analysis of the award and a review of potential grounds to seek revision or annulment of the award pursuant to se

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31 Jan 2017 09:59

Churchill Mining Still Review Position After Indonesia Claim Dismissal

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7 Dec 2016 11:59

Churchill Mining's $1bn claim against Indonesia struck off

(ShareCast News) - A tribunal has struck out a claim by Churchill Mining for damages after Indonesia's government revoked its licence for a coal project. The AIM-listed miner said it was "extremely disappointed" by the decision by a tribunal from the International Centre for Settlement of Investment

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7 Dec 2016 09:11

Churchill Mining Claim Against Indonesia Dismissed, Must Pay Costs

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2 Dec 2016 08:23

Churchill Mining Expects Indonesian Tribunal Decision Next Tuesday

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29 Nov 2016 09:51

Churchill Mining Requests Tribunal Update As No Decision, Award Issued

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24 Nov 2016 16:12

UK Shareholder Meetings Calendar - Next 7 Days

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16 Nov 2016 15:20

Churchill mining expects ruling on Indonesia case in 2 weeks

(ShareCast News) - Indonesia-focused coal miner Churchill Mining said the International Centre for Settlement of Investment Disputes (ICSID) would be issuing a ruling on its claim against the Indonesian government within two weeks. In a statement, the AIM-listed firm said the ICSID was in the proces

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19 Oct 2016 14:35

Churchill Mining losses widen as Indonesia arbitration drags on

(ShareCast News) - Along with an increased loss, final results from Churchill Mining carried a detailed account of its ongoing arbitration claim against the Indonesian government after it revoked the licence to mine the East Kutai coal project coal project. The AIM-listed company spent $1.54m on leg

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19 Oct 2016 13:35

Churchill Mining Loss Widens As It Continues To Pursue Claim

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21 Jun 2016 16:35

Tribunal date set for Churchill Mining's spat with Indonesia

(ShareCast News) - The tribunal ruling on Churchill Mining's dispute with Indonesia expects to pass down a ruling in September 2016. Churchill Mining, a British mining corporation, has been in a dispute with Indonesia since March 2013 for damages related to an unlawful seizure of the East Kutai C

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