WTI has just broken above $69, and gold back above $1320, following accusations from Israeli PM Netanyahu that Iran had a secret plan to build nuclear weapons...Read full newsRead More
"Norilsk to invest $2.5 billion on environmental issues in next few years. Part of a key broader theme pushing up the cost curve across the board for base metals, particularly #nickelPolluter Norilsk Nickel forced to clean up its act https://t.co/oufgqsMUt5 via @financialtimes"Read full newsRead More
Pacific Ridge Exploration (TSXV: PEX) announced today that it is planning to buy the Spius porphyry copper project, located 40 kilometres southwest of Merritt, British Columbia.In a press release, the Vancouver-based miner whose assets span from Yukon to B.C., said that the Spius property was explored for its porphyry potential in the 1960's and early 1970's. However, most of the records from that...Read More
FTSE 100 close up 7.09 pointsSainsbury-Asda merger deal puts spotlight on supermarketsTesco shares decline as Morrisons risePound turns around and strengthens against the euro Sajid Javid replaces Amber Rudd as Home SecretaryCLOSEShares closed barely in positive territory on Monday, shaving off earlier gains as the pound clawed back some ground against the greenback and rose against...Read More
The Conference Board of Canada is optimistic about the potential behind blockchain technology.It's report noted cautious optimism in adopting blockchain to improve digital services within the Canadian government, but suggested the public sector could use its applications to handle or m...Read full newsRead More
Ethereum (ETH) is the 'real winner' in the cryptocurrency sweepstakes as the blockchain currency revels in a month of repeated price rises. ETH has soared from US$392 on April 1 to stand at US$682 today at press time - a 75 percent increase in 30 days. Ethereum's return to a near US$700 p...Read full newsRead More
Aluminum products maker Arconic Inc slashed its 2018 forecasts for profit and free cash flow on expectations that the price of the metal would remain high this year due to sanctions on Russian supplies and a 10 percent duty on aluminum imports.Shares of the company, which makes aluminum products used in airplanes and trucks, fell 17.8 percent as the company also said high prices squeezed margins a...Read More
Morning Market Breakdown, April 30: While Canadian and American indexes embraced the new week with gains, commodities took a serious tumble.Read full newsRead More
Brixton Metals Corporation (TSXV:BBB) is pleased to announce drill results from its wholly owned Hudson Bay project located in the Cobalt Camp, Ontario, Canada.Read full newsRead More
Signature Resources Ltd. (TSXV:SGU, OTCQB:SGGTF) is pleased to announce that it has received preliminary data from its recently completed survey conducted by Terraquest.A preliminary analysis of the data has determined that it is of high quality.Read full newsRead More
Andalas Energy and Power Plc (LON:ADL) shares were down as the AIM-quoted firm announced a North Sea oil acquisition - picking up a 14% interest in an explorer with a stake in a 2018 well - and at the same time it is raising new equity to fund the deal.It is issuing ?600,000 worth of new shares at a price of 0.017 per share, and additional shares are also being issued as part of the deal consider...Read More
Rusty Hutson, chief executive of Diversified Gas & Oil plc (LON:DGOC), discusses with Proactive's Andrew Scott the company's "remarkable success" in its first year as a public company."We delivered everything we said we would do at the time of our admission to AIM in terms of growing production through acquisition and subsequently provided the company with robust production and increasing cash...Read More
Bert Monro, head of business development at Hummingbird Resources PLC (LON:HUM), caught up with Proactive's Andrew Scott to discuss their first quarter update.Hummingbird poured 18,785 ounces of gold in the first three months of the year with 9,912 ounces of that figure in March.From April 1-24 it has poured a further 8,648 ounces.The company's reiterated its 2018 guidance of 105,000-115,000 ounce...Read More
Apollo Minerals' (ASX:AON) Hugo Schumann discusses with Proactive Investors what's been described as an 'exceptionally busy' quarter.As well as a capital raise of A$6mln, Apollo also signed a deal that will see it take full ownership of the Couflens project where initial exploration success has unearthed high gold grades and tungsten. Meet Peninsula Mines Ltd, Silver City Minerals Ltd and Em...Read More
(Bloomberg) - A proposed law raising foreign ownership limits in airlines and Canada's biggest railway carrier is headed back to the Senate, the latest step in a tug-of-war that has the mining sector speaking out.Prime Minister Justin Trudeau's government has spent the past year plodding forward with a legislative overhaul that affects major companies like Canadian National Railway Co., Canadian...Read More
WILMINGTON, Del., April 30 (Reuters) - Contura Energy Inc and Alpha Natural Resources Holdings Inc said on Monday they agreed to merge, creating the largest U.S. producer of metallurgical (met) coal, used in steelmaking, and reuniting the two businesses that were split following a 2015 bankruptcy.The deal comes as investors look for consolidation in an industry that is recovering from a deep downt...Read More
Higher crude prices are obviously good news for Big Oil but it is not necessarily that simple for investors in BP PLC (LON:BP), which like rival Royal Dutch Shell, has many more moving parts.Shell shares were on the back foot after its first-quarter results last week as crude strength didn't translate directly to free cash flow.Morgan Stanley analysts, in a recent note, said they expected BP's fir...Read More
Tom Becker, chief executive of Iofina plc (LON:IOF), tells Proactive Investors 2017 was a year of 'substantial' progress for the company.Gross profit increased by US$2.2m from US$2.7mln to US$4.9mln while underlying earnings (EBITDA) improved by US$2.7m from a deficit of US$1.3mln to a US$1.4mln surplus. Meet Peninsula Mines Ltd, Silver City Minerals Ltd and Emmerson Resources Ltd at our eve...Read More
John Peters, managing director at Strategic Minerals Plc (LON:SML), talks Proactive's Andrew Scott through their work programme to restart operations at the recently acquired Leigh Creek copper mine in South Australia.Peters also adds further detail around the announcement that they've suspended the minimum monthly tonnage requirement of 4,000 tons of magnetite to one of their customers at the Cob...Read More
JAKARTA, April 30 (Reuters) - Indonesia's state-owned tin producer PT Timah said on Monday its refined tin output fell 23 percent in the January- March quarter from a year earlier.Refined tin output fell to 5,361 tonnes in the quarter from 6,963 tonnes in the same period last year, the company said in a statement."The company's declining performance was only temporary and was entirely a result of...Read More