Bart Turtelboom, chief executive of APQ Global (LON:APQ), gives his thoughts on the recent volatility in global markets.''It was quite a violent move ... on the face of it, it really looks to have been a large technical correction particularly in equity markets''.''Fundamentally, there was really no significant new news that would lead to that type of market correction''.Turtelboom also welcomes S...Read More
Momentum Public Relations Blog: February 16 2018 Sun Life Signals the Start of Mass Medical Cannabis Market Aphria Becomes SAQ Recreational Marijuana Supplier Tetra Bio-Pharma Receives Approval for Phase Three Medical Cannabis Cancer Chronic Pain Treatment As the countdown to marijuana legalization accelerates the acceptance of medical cannabis has become more common. A defining momentRead full ne...Read More
Zvi Marom, chief executive of BATM Advanced Communications Limited (LON:BVC), tells Proactive they're now reaping the rewards of sustained investment and product launches.A strong second half performance in 2017's prompted them to advise the market to raise its expectations in terms of revenue and underlying earnings (EBITDA).The group said it expects revenue for 2017 to be around US$106mln, which...Read More
Joao Andrade, chief executive of WideCells Group PLC (LON:WDC) as well as chairman Peter Presland discuss with Proactive's Andrew Scott the official launch of the first stage of Wideacademy -the firm's 100%-owned education and training division.The newly launched platform provides content for both the public and medical professionals to raise the profile of stem cell technologies and support the d...Read More
Hugh Mackay, chief executive of Europa Oil & Gas Plc (LON:EOG), tells Proactive the UK Environment Agency has indicated in a draft decision advertisement that it is inclined to award a bespoke environmental permit for drilling and testing for the Holmwood exploration well.There will now be a four week public consultation process, taking place between February 15 to March 15. Meet Medusa...Read More
2:30pm - Kin Group slumps as share suspension loomsKin Group Plc (LON:KIN) shares sunk as the cash-shell confirmed its shares are set to be suspended in March.The team running the cash-shell has been checking out an array of potential acquisitions including messaging apps, online property services, VR, eSports and blockchain technology - and it says talks are ongoing - but, it won't have a deal in...Read More
Studies recently carried out by Macquarie University for Shefa Yamim (LON:SEFA), the Israeli gemstone company have provided a clearer understanding of the geology of Mount Carmel, the area in which Shefa Yamim has been able to find a suite of gemstones, including natural moissanite and sapphire.Professor Bill Griffin, Professor of Geochemistry, says the existence of large quantities of moissanite,...Read More
MOSCOW, Feb 19 (Reuters) - Russian businessman Mikhail Prokhorov has agreed to sell a 6 percent stake in Russian aluminium giant Rusal to a consortium of investors led by billionaire Viktor Vekselberg and his partners, the consortium said on Monday.The sale will close a chapter at the world's second largest aluminium producer. Prokhorov's purchase of a stake in Rusal triggered a long-running battl...Read More
The UK banking sector reporting season kicks off in earnest on Tuesday with full-year results due from global giant HSBC PLC (LON:HSBA), ahead of numbers from Barclays PLC (LON:BARC), Lloyds Banking Group PLC (LON:LLOY), and Royal Bank of Scotland PLC (LON:RBS) later this week.While it may be listed in the UK, HSBC is far from a UK operation, with 70% of its profits coming from Asia.HSBC's reporte...Read More
MOSCOW/LONDON, Feb 16 (Reuters) - A power struggle over Norilsk Nickel (Nornickel) resurfaced on Friday as billionaire Vladimir Potanin offered to buy Roman Abramovich's stake in the mining group, and a third businessman - Oleg Deripaska - tried to block the deal.The fight between the billionaires revives a long-running battle for control of Nornickel, a $33 billion mining company, which competes...Read More
While the United Nations' International Seabed Authority (ISA) in charge of issuing mineral exploration licences has granted 26 so far, Papua New Guinea remains the only country to have granted an operating permit for ocean floor mining.Canada's Nautilus is on track to start operations at its Solwara gold, copper and silver project in the Bismarck sea off PNG in early 2019, making it the first und...Read More
(Bloomberg) - Glencore Plc and Randgold Resources Ltd. are among major mining companies in the Democratic Republic of Congo clubbing together in a bid to stop sweeping legal reforms, claiming their interests were poorly served by the existing industry body.In a letter sent to Congolese President Joseph Kabila on Feb. 8 and seen by Bloomberg, investors requested a meeting "to once again put forwar...Read More
Feb 19 (Reuters) - Battery and technology metals developer Australian Mines Ltd said on Monday it signed a deal with Korea's SK Innovation Co Ltd to supply cobalt sulphate and nickel sulphate from its flagship Sconi project.The commodity off-take agreement, which is for an initial period of 7 years, is for SK Innovation's newly developed battery manufacturing plant in Hungary and Korea, the compan...Read More
Feb 19 (Reuters) - Petra Diamonds Ltd said core earnings fell 8 percent in the first half of the year, hurt mainly by a strike at its South Africa operations and the blocking of a consignment of diamonds in Tanzania.The miner issued a profit warning and cut its production forecast last month after it faced a string of issues, including a three-week strike at its South Africa operations and the blo...Read More
JOHANNESBURG, Feb 19 (Reuters) - Anglo American Platinum (Amplats), the world's top platinum producer, announced its first dividend in seven years on Monday as full-year headline earnings more than doubled and said it was not committing capital to major projects in 2018.Amplats' investment stance highlights the fragile state of platinum mining in South Africa, home to around two-thirds of known re...Read More
Mosaic Co, the world's largest producer of finished phosphate products, on Monday reported a 12 percent rise in net sales driven by higher potash and phosphates prices.Plymouth, Minnesota-based Mosaic sold 2.5 million tonnes of diammonium phosphate in the fourth quarter at an average price of $348 per tonne, up from $317 per tonne a year earlier.The U.S. fertilizer company's average potash selling...Read More
Copper miner evaluating Baimskaya stake in RussiaRead full newsRead More
The integrity of the global financial system rests on the ability of the U.S. to enforce sanctions, but it is only as strong as its weakest link.Read full newsRead More
Chinese New Year, also known as Lunar New Year, is a festival celebrated at the turn of the lunisolar Chinese calendar for 15 days until the next full moon.Read full newsRead More
New Talisman Gold Mines Limited (NZSE:NTL), a NZ$32.47M small-cap, is a metals and mining operating in an industry which is sensitive to changes in the business cycle, as it suppliesRead More...Read full newsRead More