Goldcorp-backed Auryn Resources Inc. (TSE:AUG) announced today that it is close to becoming a big player in the Andahuaylas-Yauri belt in southern Peru.The reason behind such assertion is the company's recent addition of 60,000 hectares to its Sombrero project, which means that now its land position is greater than 100,000 hectares. The decision to stack was taken after the company received the re...Read More
FTSE 100 up 42.11 points at 7,421.43US trade deficit in goods drops for first time in 7 monthsIndustrialist Sanjeev Gupta to buy British arm of Diamond BankReports of another high street retailer PoundWorld facing shop closuresShell drags index lower The FTSE 100 index moved higher, but fell short of the boost seen in European markets, after Shell's results capped gains on the index.The FTSE...Read More
Canadian miner Agnico Eagle Mines Ltd on Thursday said it is planning to divest all of its cobalt assets in Canada and that it sold some gold interests in the United States.Agnico said it also started a strategic review on selling about 2,100 hectares of the Coleman and the South Lorrain cobalt-rich properties in Canada.The company sold its gold interests in Nevada to a unit of Newmont Mining Corp...Read More
France's ERAMET said on Friday it will make an all-cash takeover bid for Australia's Mineral Deposits Ltd at A$1.46 a share, valuing the company at about A$288 million ($218 million).ERAMET said the offer, pitched at a 26 percent premium to Mineral Deposits' closing price on Thursday, would enable the full consolidation of the TiZir joint venture, in which each company has a 50 percent stake.The v...Read More
Morning Market Breakdown, April 26: After a tumultuous Wednesday for some major indexes, both Bay Street and Wall Street glided into the green on Thursday.Read full newsRead More
James Barder, chief executive of Futura Medical PLC (LON:FUM), tells Proactive they've begun preparatory work on the first Phase III efficacy trial for MED2002 - their topical gel for erectile dysfunction (ED).The study will recruit approximately 1,000 patients with mild, moderate and severe ED and compare the efficacy of 0.2%, 0.4% and 0.6% GTN doses of MED2002 against that of the placebo. ...Read More
''After 30 odd years in traditional banking, working for the big banks around the world, I decided to quit because I thought banking was broken .. and to start a bank from scratch with all new technology'', says Anne Boden, chief executive of Starling Bank.''The legacy banks are full of this technology which has been around for a long time and it's very, very difficult to maintain and keep at the...Read More
Octagonal Plc (LON:OCT) saw its shares jump 16.9% to 3.1p in late-afternoon trading as its wholly owned subsidiary, Global Investment Strategy UK, reported record earnings in full-year results.The AIM-listed investment group said its subsidiary's underlying earnings (EBITDA) will be ?3mln, a 39% increase from ?2.2mln the previous year, on sales of ?6.5mln, a 16% increase from ?5.6mln the year...Read More
"International Nickel Study Group (INSG) out with a market report this week forecasting a 117kt deficit in the #nickel market this year vs ~100kt in 2017. Deficits large and growing. The nickel market is structurally short"Read full newsRead More
BTL Group's (TSXV:BTL) CEO Dominic McCann shares his excitement about the release of their new blockchain platform Interbit.McCann says this will now allow companies to address cyber security by making data more secure.He says Interbit will allow mass processing of data to be more efficient and in return save costs.The new step for BTL is to get the word out about Interbit and showing companies ho...Read More
Russia's leading coal producer, SUEK, has joined the World Coal Association (WCA), the only body acting internationally on behalf of the global coal industry. With 15 underground mines and 12 open pits in Siberia and the Far East of Russia, SUEK is one of the world's largest coal companies that produces higher-quality enriched coal."As the WCA continues to demonstrate the vital role coal plays in...Read More
Mining Capital's Alastair Ford talk about the week in mining.He says copper prices will be interesting to watch and also if the demand for lithium will continue. Ford also highlighted some companies making news his week in including Thor Exploration (TSXV:THX) Meet Peninsula Mines Ltd and Silver City Minerals Ltd at our event,Sydney, 07 May 2018.Register here >>Read More
Jonathan Satchell, chief executive of Learning Technologies PLC (LON:LTG) discusses with Proactive Investors their acquisition of digital human resources group PeopleFluent.A placing at 98p raised ?85mln to help fund the deal.PeopleFluent works for 50 of Fortune's list of top 100 US companies and generated sales of ?83mln and underlying profits [EBIT] of ?9.2mln in 2017. Meet Peninsula Mi...Read More
LONDON, April 26 (Reuters) - Kazakhstan-focused Kaz Minerals will scrap its secondary listing in Hong Kong because of a lack of appetite from investors, the company said on Thursday.Since the 2011 secondary listing only a small number of shareholders have elected to hold their stock on the Hong Kong register, Kaz Minerals said.Trading in Kaz Minerals' Hong Kong shares, which represent only 0.03 of...Read More
(Bloomberg) - A little-known Chilean company that until recently churned out mostly crop nutrients may hold a key to the future of electric-vehicle production. And a Chinese mining company is standing ready, poised to grab a big piece of it.Soc. Quimica & Minera de Chile SA sits on the world's richest deposit of lithium. It already produces more than 20 percent of the global supply and is about t...Read More
(Bloomberg Gadfly) - The most drawn-out deal in the global mining industry looks set for another round.Freeport-McMoRan Inc. shares have fallen about 21 percent since they opened Monday, headed for their worst weekly performance in almost three years.The reason is a further wrinkle in the Indonesian government's attempt to lift its stake in the Grasberg mine on the island of New Guinea, one...Read More
(Bloomberg) - Latin America's top mining exposition kicked off with a seminar on promoting gender equality. Meanwhile, at the exhibition center a few miles away, women in tight dresses and high heels posed next to mining tool booths and strip-club promoters at the entrance offered two-for-one drink coupons to attendees.The week-long Expomin event in Chile offered a glimpse at both how far the ind...Read More
Mr. Ian Klassen reportsGMV MINERALS INC.'S INDEPENDENT CO-AUTHORS REQUIRE 2-3 ADDITIONAL WEEKS TO COMPLETE THE UPDATED MINERAL RESOURCE ESTIMATEGMV Minerals Inc.'s two independent co-authors, engaged to update the company's mineral resource estimate, will require two to three weeks of additional time to complete and submit their report. Dr. D.R. Webb, PhD, PGeo, PEng, the company's acting project...Read More
Ontario is helping to build capacity in Northern Ontario's agri-food sector, and investing in the work of northern farmers to improve their land, diversify crops and expand their businesses.Through the Northern Ontario Heritage Fund Corporation, the province is investing in 27 agriculture projects across the North, including an assessment of the North's dairy processing sector by the Northern Ont...Read More
NEW YORK, April 26 (Reuters) - Gold and diamond companies including Berkshire Hathaway Inc's Richline Group Inc joined with IBM to develop blockchain technology to track the origin of jewelry and ensure it is ethically sourced, the companies said on Thursday.The joint initiative dubbed TrustChain aims to make it easier for consumers to track diamonds and precious metals through the various steps o...Read More