Mining Articles

RM Secured Direct Lending continuing to grow & diversify after busy quarter

14:04 17 Jan 2018 / Andrew Scott

RM Secured Direct Lending PLC's (LON:RDML) James Robson tells Proactive the portfolio has grown to 24 debt investments across 13 sectors.Robson adds three-quarters of the portfolio is in higher-yielding private bi-lateral or private club investments with the remainder in more liquid public debt transactions.The trust's investment manager, RM Capital Markets, continued to grow the portfolio of secu...Read More

RT @tbiesheuvel: As bitcoin crashed, gold sales went nuts

Wed Jan 17 13:49:17 2018 / Thomas Biesheuvel

Amid the wild Bitcoin ride that's wiped more than 40 percent off the cryptocurrency's price in a month, a pattern may be emerging: sellers are switching out of digital gold and into the real thing.Read full newsRead More

Anglo Asian Mining 'beginning to get the wind in its sails'

13:46 17 Jan 2018 / Andrew Scott

Anglo Asian Mining Plc's  (LON:AAZ) Bill Morgan and Steve Westhead chat to Proactive's Andrew Scott following the release of their Q4 & FY 2017 Production and operations review.The miner produced 71,461 gold equivalent ounces during 2017, a production rate which hit the uppermost level of guidance.  Meet Netscientific PLC, discoverIE Group plc, Itaconix Plc and Realm Therapeutics plc...Read More

Haydale Graphene signs supply agreement for its anti-counterfeiting technology

13:24 17 Jan 2018 / Andrew Scott

Ray Gibbs, chief executive of Haydale Graphene Industries PLC (LON:HAYD), tells Proactive they've entered into a commercial supply and development agreement with Australia-listed Talga Resources.The tie-up will see the two work together to produce, market and sell jointly-developed transparent conductive ink products using graphene for industrial applications in Asia.The two companies - which have...Read More

#Euro Speculators Amass The Greatest Long Positioning Ever | Zero Hedge

Wed Jan 17 12:43:34 2018 / Staff reporter

The last week saw speculators in the EURUSD FX futures market added dramatically to their long positions. In fact, as Bloomberg reports, hedge funds and other speculative investors have amassed the heaviest long positions on the euro ever, according to the latest CFTC data.Read full newsRead More

Mapping #Bitcoin's Legality Around The World | Zero Hedge

Wed Jan 17 12:43:28 2018 / Staff reporter

Eastern countries appear a lot more closed off to Bitcoin than their Western counterparts...Read full newsRead More

#China's 'Nasdaq' Tumbles To 6-Month Lows As Crypto-Related Stocks Crash | Zero Hedge

Wed Jan 17 12:43:10 2018 / Staff reporter

CHINEXT - China's index of small cap and tech stocks - has tumbled in the last few days (while the major Chinese indices have risen), as blockchain-related stocks across Asia have crashed along with the cryptocurrency carnage.Read full newsRead More

Tracking Europe's waste: 'There's gold in them landfills'

Jan. 17, 2018, 10:49 AM / Reuters

OSLO, Jan 17 (Reuters) - Some of Europe's richest deposits of valuable materials are in the trash, ranging from gold in smartphones to cobalt in electric car batteries, according to a survey of urban mining published on Wednesday.Scrap vehicles, batteries, computers, fridges and other electronic and electrical waste total about 18 million tonnes a year and contain materials worth billions of dolla...Read More

Resource estimate for Thor Mining's Kapunda project due imminently

10:37 17 Jan 2018 / Andrew Scott

Mick Billing, chief executive of Thor Mining PLC (LON:THR) tells Proactive's Andrew Scott a mineral resource estimate for the Kapunda copper project in Australia is just around the corner.Billing also updates on developments at Thor's other projects as well as touching on the news this week that US Lithium - in which Thor holds a 25% stake - is looking to list on the Australian Securities Exchange...Read More

Condor Gold hopes to soon kick off construction at Nicaragua project

Jan. 17, 2018, 9:50 AM / Cecilia Jamasmie

Nicaragua-focused Condor Gold (LON:CNR) (TSX:COG) expects to gain all the necessary permits for its 100%-owned La India Project in the first half of the year, chief executive Mark Child said.The company, which just this week started trading in the Toronto Stock Exchange, knows that acquiring the pending licences would not only represent a significant milestone, but it would also materially de-ri...Read More

Costa Rican presidential candidate blasts ecologists, says he would bring mining back

Jan. 17, 2018, 8:00 AM / Valentina Ruiz Leotaud

Presidential candidate for the conservative National Integration Party (PIN in Spanish), Diego Castro, caused controversy in Costa Rica after he called environmentalist groups "eco-terrorists."Castro, who has been compared by local media to Donald Trump and Rodrigo Duterte, as well as accused of right-wing populism, said that if he wins the election, he would not yield to ecologists' "petty demand...Read More

Kirkland to increase production to +620,000 oz in 2018

2018-01-17 07:51 / Mr. Anthony Makuch reports

Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD TARGETS HIGHER PRODUCTION, IMPROVED UNIT COSTS IN 2018 GUIDANCE, ANNOUNCES NEW SHAFT PROJECT FOR MACASSAKirkland Lake Gold Ltd. has provided the company's full-year guidance for 2018, which includes increased production, improved unit costs, andhigher levels of capital and exploration expenditures in support of the company's objective of growing annual...Read More

Lucapa finds monster diamonds at Lulo, including largest coloured one

Jan. 17, 2018, 3:42 AM / Cecilia Jamasmie

Australia's Lucapa Diamond (ASX:LOM) has discovered more large diamonds at its prolific Lulo project in Angola, including a 43-carat yellow stone, the largest coloured gem-quality rock ever recovered at the mine.The company also found a 116-carat low-quality diamond, the tenth +100 carat stone recovered from Lulo since mining operations began two years ago. It's also the second +100 carat rock re...Read More

RT @AlArabiya_Eng: #SaudiArabia welcomes UN report on Iran providing weapons in Yemen

Wed Jan 17 03:04:45 2018 / Al Arabiya English

Saudi Arabia's cabinet has welcomed a UN report detailing Iran's violation of an embargoRead full newsRead More

RT @XJMejido: #Dollar hits three-year low as bounce sputters, euro shakes off political concerns | Reuters #Forex

Wed Jan 17 02:56:19 2018 / Xavier J. Mejido

The dollar fell to a three-year low against its peers on Wednesday, with an earlier bounce sputtering as the euro edged back after shaking off a potentially negative turn in German politics.Read full newsRead More

RT @mutludc: Iran adds to criticism of US-trained Kurdish force in Syria

Wed Jan 17 02:50:28 2018 / Mutlu Civiroglu

Iran added its voice to criticism of a U.S. plan to form a new border security force in Syria, saying Tuesday that it will cause more instability andRead full newsRead More

`Disastrous' deals sideline gold-mining M&A as metal rises

Jan. 17, 2018, 2:09 AM / Bloomberg News

(Bloomberg) - Stung by some lousy investments that led to billions of dollars in losses a few years ago, the world's major gold producers have cut way back on mining deals - even as metal prices posted their biggest rally since 2010.The value of the industry's transactions, from acquisitions to venture-capital financing, tumbled by more than a third in 2017 to $8.95 billion, the lowest in at le...Read More

RT @TheArabSource: #Turkey places tomahawk missiles along Syrian border

Wed Jan 17 02:04:05 2018 / Al-Masdar News

BEIRUT, LEBANON (12:45 A.M.) - Footage from Tuesday shows how Tomahawk (I-Hawk) missiles that are reportedly pointed towards Afrin in Syria, have been placRead full newsRead More

RT @Stratfor: More: #Turkey has reached the end of its rope in #Syria.

Wed Jan 17 02:03:05 2018 / Stratfor

Evidence is mounting that the Turkish military is shifting tactics and preparing for a full-out assault on the Kurds in Syria's Afrin canton -- a move that will not please Russia or the United States.Read full newsRead More

RT @business: More details on Venezuela's plans for its own cryptocurrency

Wed Jan 17 01:35:19 2018 / Bloomberg

Venezuela's plan for its own cryptocurrency include paying public workers in the digital token and using tax incentives to encourage its use, according to documents obtained by Bloomberg News.Read full newsRead More

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