The idea of endlessly repeated cycles is a very old one. This is how the ancients perceived time: not as linear sequence of events, but as replaying patterns of dark and golden ages. Although the Judeo-Christian culture changed the way we view time, we like to see the market as an area of constant struggle between bulls and bears, and the resulting upward and downward trends.Since the end of the B...Read More
Ahmet Dik, chief executive of Victoria Oil & Gas plc (LON:VOG), tells Proactive's Andrew Scott fourth quarter gas sales were up just short of 19% from the preceding three months.Gross sales amounted to 726mln cubic feet in the fourth quarter, which also represents an 11% increase in the year-on-year comparative.Dik says they're giving top priority to solving the ENEO issue and management are c...Read More
Bill Morgan, CFO at Anglo Asian Mining Plc (LON:AAZ), talks through their recent debt refinancing as well as production targets for 2018.The refinancing will releasing US$8.4mln of capital to accelerate 2018 expansion and optimisation plans, as the principal required for repayment this year will drop to just US$5.1mln from the previous US$13.5mln. Meet Medusa Mining, Cora Gold, Group Eleven...Read More
It will be a bumper time for corporate earnings in the coming week, with over 15% of the FTSE 100 reporting results, though the main focus will be squarely on the banking sector.HSBC PLC (LON:HSBA), Barclays PLC (LON:BARC), Lloyds Banking Group PLC (LON:LLOY), and Royal Bank of Scotland PLC (LON:RBS) will also report numbers, with Laith Khalaf, senior analyst at Hargreaves Lansdown expecting a mix...Read More
Mining Capital's Alastair Ford discusses the appointment of former prominent South African mining figure Cyril Ramaphosa as the country's new president.Ford says it's important for the country to know they'll be lead by people who have the economy at the centre of their minds.''Overall the global investment community seems to like this appointment'', he adds. Meet Medusa Mining, Cora Gold, G...Read More
Story by Jeff DesjardinsCourtesy of: Visual CapitalistSince the invention of the internal combustion engine, there have been many incredible innovations made in the auto industry.Manufacturers created new body styles and market segments, automatic transmissions and power steering were introduced, and safety features such as airbags made passengers much safer. Computers were even added into cars to...Read More
Diversified miner replaces Canadian civil servant-turned business leader with the sameRead full newsRead More
TORONTO, Feb. 16, 2018 (GLOBE NEWSWIRE) - Innovation Metals Corp. ("IMC"), a private company specializing in cost-effective processing solutions for critical metals, is pleased to announce the recent award of a research contract from Natural Resources Canada ("NRCan"), for work on the production of rare-earth-element ("REE") oxides and alloys.The contract was awarded as part of NRCan's Rare Earth...Read More
(Bloomberg) - Sweden will step up efforts to find precious minerals such as cobalt and lithium, key battery components that are increasingly in demand among makers of electric vehicles.The government will invest 10 million kronor ($1.26 million) over the next two years to map the existence of minerals deemed important for future growth. While Sweden has a history of mining for base metals, the Ge...Read More
(Bloomberg) - A deal that kept the peace at Russia's biggest mining company for more than five years is starting to fray, leaving three billionaires fighting over the next move.Attorneys for Oleg Deripaska, Vladimir Potanin and Roman Abramovich faced off in London court on Friday in a conflict triggered by Abramovich's desire to sell his stake in MMC Norilsk Nickel PJSC, which could shift the sha...Read More
The gold miners' stocks weathered the recent stock-market plunge really well. As evident in their leading GDX ETF, they were already beaten down before stock markets started falling. The resulting explosion of fear bled into GDX, forcing it even lower. Nevertheless, no major technical damage was done. GDX remained well within its consolidation trend channel and is still within striking dis...Read More
Larry Johnson, chief executive of Kennedy Ventures PLC (LON:KENV), tells Proactive a fourth shipment has now been made from the Namibian tantalum mine to their customer with purity of the shipment a high grade 51%.He adds that a change of strategy is also planned now that the initial ramp-up of the mine has been carried out, with the board to look for new projects in Africa. Meet Medusa Mini...Read More
CENTENNIAL, Colo., Feb. 16, 2018 (GLOBE NEWSWIRE) - NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX:NB) (OTCQX:NIOBF) (FSE:BR3) today praised the Trump Administration for proposing that NioCorp's entire planned product suite of three superalloy metals - niobium, scandium, and titanium - be considered as "Critical Minerals" under President Trump's December 20, 2017 Executive Order a...Read More
In accordance with an energy cooperation framework agreement signed in late January, Russia will have exclusive rights to produce oil and gas in Syria.Read full newsRead More
Acacia Mining (LON:ACA), Tanzania's No.1 bullion producer, which has been hit hard by a long-running dispute with the government of the East African nation, is mulling the sale of stakes in some or all of its operations in that country.In response to media speculation on the matter, the company said it was "engaging with a small number of potential investors" over the potential deal, adding it ad...Read More
Sam Spring, president and chief executive of Kincora Copper Ltd (CVE:KCC), discusses with Proactive's Andrew Scott the first phase results from their 22-hole drilling programme at three targets in the Southern Gobi, Mongolia.The review of the West Kasulu prospect at the flagship Bronze Fox asset supported an exploration target of 416mln to 428mln tonnes, grading 0.26% to 0.30% copper for up to 2,4...Read More
Michael Masterman, chairman of W Resources PLC (LON:WRES), tells Proactive they've secured a US$35mln loan which fully funds the La Parrilla mine development.BlackRock Financial Management is providing the loan, which will have a five year schedule term (with the option for early repayment) and it has an average interest rate of 12.6%.The lender will also receive an upfront fee as well as share wa...Read More
China (like Japan, Germany, and so much of theRead full newsRead More
A more dramatic move in the price of gold is necessary for miners to start outperforming the metal.Read full newsRead More
Edwin Wong, the chief investment officer of Hong Kong-headquartered SSG Capital Management and an ex-Lehman Brothers Holdings Inc. banker, sees a multitude of opportunities in India as the nation pushes ahead with a bankruptcy system overhaul.Read full newsRead More