Peter Gold

Aviva (LSEAV.), Britain’s largest provider of general and life insurance, posted a 6% gain in earnings today as the company released its financial results for 2011.  The company reported an operating profit of £2.5bn for 2011, outperforming analysts’ predictions of £2.41bn.  Furthermore, capital surpluses within the Insurance Groups Directive, an important measure of capital...

Royal Bank of Scotland (LSE:RBS) CEO, Stephen Hester bonus of £963,000 in shares has come under scrutiny from various parties. To the anger of many Britons, the board of directors of the state-owned bank awarded Mr. Hester with the annual bonus which a majority of ordinary workers struggle to earn in a lifetime. The move […]

Anglo American (LSE:AAL), one of the world’s largest mining companies, today said its production of iron ore and copper shot up in the fourth quarter of 2011.   However, the company said its’ diamond and platinum production lowered during the same period. How the metals performed The globally diversified miner reported a 5% increase in iron […]

West African Minerals Corporation (LSE:WAFM) today announced it would let go of its wholly owned subsidiary Ferrum Centrafrique to AXMIN Inc., the Canadian-based gold exploration and mining company. Ferrum Centrafrique is legally registered in the Central African Republic and it has built a portfolio of iron ore assets in Africa. Reasons for the disposal Ferrum […]

Caledonia Mining (LSE:CMCL) is aiming to produce 40,000 ounces of gold in 2012 from Blanket Mine, Zimbabwe. This projection is due to the impressive results the company realised in 2011. Blanket Mine is situated at about 150 Km south of Bulawayo, which is Zimbabwe’s second city. The mine was acquired from Kinross Gold in 2006. […]

Dragon Oil (LSE:DGO), the oil and gas company based in Dubai, United Arab Emirates recorded a huge increase in growth for 2011. The company’s production of oil increased to 61,500 barrels of oil per day during the previous year. Remarkably, this represented a 30% increase from 2010. Reasons for Impressive Growth The company’s impressive growth […]

Vodafone Group (LSE:VOD), the telecommunications giant, has been exonerated from paying taxes and penalties totaling to $4.4bn (£2.8bn) by the Indian Supreme Court.  The verdict could come as good news to other foreign corporations, which have been charged in court on similar grounds. Accusation against Vodafone Vodafone was accused of not paying the required taxes […]

SABMiller (LSE:SAB), one of the largest brewing companies in the world, today said they were able to record excellent volume growth in line with expectations, despite having declines in sales in certain regions for the third quarter ended 31 December 2011. Improving growth In Latin America, lager volumes indicated a strong growth, with volumes increasing […]

BHP Billiton (LSE:BLT), the world’s largest mining company, is predicting increased iron ore production in the current financial year, disregarding earlier predictions of a slowdown in the global economy. The prediction comes as BHP reported that its second-quarter iron ore production increased by a better-than-expected 22% . The company said ore production was 41.1 million […]

San Leon Energy (LSE:SLE) today released a statement on the progress of its exploration assets in Albania.   The company, which has a 100 per cent owned Durresi License (4,200 square kilometers) in Albania, has received the preliminary processed volumes from its 840 square kilometers 3D seismic survey undertaken from late last year. Western Geophysical […]