Steve Curtis, chief executive of Caledonia Mining Corporation PLC (LON:CMCL), tells Proactive they achieved a new production record at the Blanket mine in Zimbabwe, unearthing 56,133 ounces of gold in 2017, some 11.5% more than in the preceding year.Curtis also discusses the recent moves to relax the indigenisation policy in Zimbabwe and how Caledonia plans to take a much larger stake than it curr...Read More
FTSE 100 closes 1.23% lowerReckitt Benckiser wanted after it walks away from Pfizer consumer healthcare purchaseBoE keeps key interest rate unchanged but two committee members vote for a quarter-point rise FTSE 100 tanked 1.23% on the day to close at 6,952, below the 7,000 level.The mid-cap FTSE 250 index lost even more, plunging 1.39%, or 274 points at 19,393 as the markets digested a streng...Read More
China unveiled plans on Friday to impose tariffs on up to $3 billion of U.S. imports in retaliation against U.S. tariffs on Chinese steel and aluminum products, as the world's two largest economies stood on the brink of a trade war.China was considering a 15 per cent tariff on U.S. products including dried fruit, wine and steel pipes and a 25 per cent tariff on pork products and recycled aluminium...Read More
Shares in Eldorado Gold (TSX:ELD)(NYSE:EGO) were down on Thursday after the company reported a Q4 loss and technical studies for its Ki??lada??, Lamaque and Skouries mines.In a press release, the Vancouver-based miner stated that, due to a 20 per cent y-o-y fall in sales volumes, its adjusted Q4 loss came in at $400,000 compared to $2.9 million in earnings in the year-ago quarter. In detail, sales...Read More
President Trump will fire the first shots (retaliatory or not) in the new global trade war today as he announces plans to crack down on China with what is expected to be $50 billion in tariffs, controls on investment, and possible visa restrictions.Read full newsRead More
Goldman Sachs lost its place among the top three earners of commodities-related revenue in 2017, falling below rivals JPMorgan, Morgan Stanley and Citibank for the first time, data from analytics firm Coalition showed.U.S.-based investment bank Goldman has been among the top three since Coalition started compiling the figures in 2010, having a longstanding reputation for generating revenue from co...Read More
Physicists from MIT, Harvard University, and Lawrence Berkeley National Laboratory have produced what the call "a kagome metal" - an electrically conducting crystal, made from layers of iron and tin atoms, with each atomic layer arranged in the repeating pattern of a kagome lattice.In a paper published in Nature, the scientists explain that their creation was inspired by Japanese kagome baskets, w...Read More
Daniel Rabie, chief executive of AIM-listed GetBusy Plc (LON:GETB) tells Proactive about its innovative document managing software for accounting firms and the successful year it had. "Our subscription rate grew 23%, we created operating leverage of 34% and opened some really exciting growth channels.""We had a really great first year and we are proud of the results", said Rabie. Meet A...Read More
Eira Thomas, chief executive and co-founder of Lucara Diamonds (TSE:LUC), tells Proactive that recent blockchain purchase Clara Diamonds will modernise the way that rough diamonds are sold. She explained: "Clara could be very lucrative for us in the longer term, and could be a significant revenue generator for us going out several years."Clara should be selling rough diamonds on its platform...Read More
Xeros Technology Group PLC (LON:XSG) saw its shares leap 11.5% in mid-afternoon trading to 164p after expanding its US coverage by acquiring Gloves Inc.The cleaning product developer said Gloves, a firefighter equipment maintenance company, was acquired for a cash consideration of US$800,000 with a further US$300,000 contingent on growth targets.Xeros said the acquisition, combined with its previo...Read More
Firesteel Resources Inc. (TSX.V:FTR) ('FTR') today announced that it has appointed Vern Langdale as Mine Manager of the Laiva Mine in Finland. The mine is expected to start production in the third quarter of 2018. The team at Laiva will benefit from Vern's extensive international mining and project management experience.Read full newsRead More
Velocity Minerals Ltd. (TSXV:VLC) ("Velocity" or the "Company") announces a non-brokered private placement (the 'Financing') of up to 17,500,000 units (the 'Units') priced at $0.20 per Unit to raise total gross proceeds of up to $3.5 million.Read full newsRead More
Blackrock Gold Corporation (TSXV: BRC) (the 'Company') is pleased to announce that it has received final acceptance from the TSX Venture Exchange (the 'Exchange') for the Silver Cloud project in Elko, Nevada, details of which were announced in the Company's news release dated October 31, 2017.Read full newsRead More
Following the collapse of Europe's Composite PMI (to 14-month lows), US Composite PMI slipped notably from one-year highs. So much for the 'global synchronous recovery' narrative.Read full newsRead More
Filo Mining Corporation (TSXV:FIL) (Nasdaq First North:FIL) ('Filo Mining' or the 'Company') is pleased to announce its results for year ended December 31, 2017.Read full newsRead More
THUNDER BAY, Ontario, March 22, 2018 (GLOBE NEWSWIRE) - One of the most ambitious and transformative infrastructure projects in Canada's history got the green light today with the Government of Canada and the Government of Ontario announcing funding for the Wataynikaneyap Power Transmission Line Project ("the Project") in the aggregate amount of $1.6 billion. The funding framework allows for a v...Read More
TOKYO, March 22 (Reuters) - Global miner BHP anticipates planned new U.S. steel import tariffs will have a limited impact on both the steel market and the firm, and doesn't foresee a chain reaction from other countries, a senior official said on Thursday."I think direct impact on steel is quite marginal because the United States is not such a big steel producer," Arnoud Balhuizen, chief commercial...Read More
(Bloomberg) - One by one, the biggest names in African mining are getting squeezed. The tactics might be blunt, but the message is clear: the countries where they operate want a bigger share of the proceeds.The collapse in commodities through 2015 hobbled some of Africa's biggest resource economies, stunting growth and leaving budgets short. Since then a recovery in prices has sent the continent'...Read More
The National Mining Association (NMA) has recognized Kinross Gold Corporation for receiving independent certification under its CORESafety (R) system. Kinross, one of the leading gold mining companies in the world, is the eighth NMA member company to complete each step of this process."We congratulate Kinross on starting out 2018 with this noteworthy accomplishment in mine safety and health," sai...Read More
CAPE TOWN, March 22 (Reuters) - South Africa's state-owned freight company Transnet has signed a new deal with manganese miner South32 to export 2.6 million tonnes a year of the mineral to European and Chinese markets, the companies said on Thursday.South Africa accounts for close to 75 percent of global manganese reserves, Transnet said. The firm, which operates nearly three-quarters of the Afric...Read More