Thursday 28 January 2010

Morning news wrap: Vedanta Resources, Johnson Matthey, International Power, Tullow Oil

In the FTSE 100, miner Vedanta Resources (LSE: VED) reported record production volumes in mined zinc and lead, aluminium and iron ore and record commercial power sales in Q3.
Specialty chemicals firm Johnson Matthey (LSE: JMAT) said its sales excluding precious metals for Q3 were 9% higher than a year ago, while operating profit rose 10%.
Power generation company International Power (LSE: IPR) signed a power purchase agreement, an engineering procurement and construction agreement and has successfully completed the financing for Thai National Power 2, a new 110MW (megawatt) gas-fired cogeneration project in Thailand.
Tullow Oil (LSE: TLW) reported a capex of £690 million and forecast capex of £990 million for 2010. The company said it achieved a record exploration and appraisal success rate of 87% during the previous year.
In AIM, UK-registered China operating copper and gold miner Central China Goldfields (AIM: GGG) announced the commencement of field work at the 7,981 ha (hectare) Cikoleang project in Indonesia.
Specialty minerals exploration and development company Thor Mining (AIM: THR) has proposed to raise £140,000 by a placing.
Eastern Europe focused junior Aurelian Oil & Gas (AIM: AUL) has priced its proposed placing at 32 pence per share to raise €39 million.
South American based explorer Mariana Resources (AIM: MARL) has drilled RC (reverse circulation) holes for a total 900 metres at the project located in the western sector of the Desedo Massif in Argentina.
Diamond miner with assets in Sierra Leone and Guinea West African Diamonds (AIM: WAD) said that an AIM admission document in relation to the proposed acquisition of Stellar Diamonds Limited is being posted to shareholders today and WAD shares will be restored to trading today.

http://www.proactiveinvestors.co.uk/companies/news/12634/morning-news-wrap-vedanta-resources-johnson-matthey-international-power-tullow-oil-12634.html

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