London Calling examines the curious case of a British “African Venture”

Earlier this month, the share price of UK-listed mining company, Noventa, rose sharply when the company announced that it soon expected to resume operations at a promising tantalum find in northern Mozambique. Don’t be deceived by the “news”. Many market aficionados are tending to grab at any indication of an upswing in these troubled times. Considering the specific troubles that have dogged Noventa, since its March 2007 floatation on the UK Alternative Investment Market (AIM), there’s precious little indication that the company will fly higher in the near future.