Mining Ratings

SELL CRND by Room101 on 19 Feb 2014 20:03

Price at rating: 9.65, now:

Costs of all the pumping to be moved to Crnd?r r r By: Natasha Odendaalr r 19th February 2014 r r Updated 4 hours agor r r TEXT SIZEr Text Smaller Disabled Text Bigger r r r r r r JOHANNESBURG (miningweekly.com) – A recent Constitutional Court (ConCourt) ruling has left the responsibility for acid mine drainage (AMD) squarely on the shoulders of the owners of the land – even after it had been sold.r r This emerged as the ConCourt dismissed an application by Harmony Gold for leave to appeal against the Supreme Court of Appeal’s judgement that the gold producer remained liable for the cost of pumping and treating AMD despite no longer owning or mining the land.r r The decision would have “significant” implications for an already-strained mining industry, said Cliffe Dekker Hofmeyr director and environmental practice national head Terry Winstanley, noting that the directive applied despite a new entity now mining the land without contributing to the costs of pumping and treating.r r “The net effect of this is that mining companies, which are the recipients of directives may, depending on their terms, remain liable for the costs of remediation including the pumping and treatment of groundwater even if they are no longer mining there,” she explained.r r Edited by: Creamer Media Reporter r

Score: 87.50

HOLD EDL by tzyam on 19 Feb 2014 15:07

Price at rating: 0.07, now:

News will come, give it time.

Score: 100.00

BUY STEL by BuyBAO on 19 Feb 2014 10:59

Price at rating: 1.76, now:

Forget KDR, STEL looks set for a good year. More sampling results due soon...

Score: 0.00

BUY ECR by nightyard on 18 Feb 2014 17:19

Price at rating: 0.25, now:

Australian tax credit worth £12m alone, market cap currently £8.15m. multibag when Australian company comes out of administration. Itogen results soon.

Score: 33.75

SELL EMED by Murgster on 18 Feb 2014 14:51

Price at rating: 9.53, now:

Lots of talk and no action 7 weeks after promised delivery of AAU. How long can they drag this out without making a statement of some kind?

Score: 18.75