Monday, June 11, 2007

Mvela Resources says in talks, shares jump

(Reuters) - South African black-owned mining group Mvelaphanda Resources Ltd said on Monday it was in talks that may affect its shares, sending its stock surging.

The firm's shares jumped 4.5 percent to a fresh record of 65.98 rand by 1325 GMT, compared to a 0.9 percent rise in the mining index. The shares have soared 69 percent so far this year.


Read more at Reuters Africa

No comments: