Altamira Gold (TSXV: ALTA) has joined what some are calling a "staking rush" in Brazil's Juruena Belt, located in the western Mato Grosso state.By adding 52,378 hectares and increasing the company's land positioning to over 200,000 hectares in the area, Altamira mimics the strategies advanced by Anglo American (LON: AAL) and Nexa Resources, who acquired over 3 million hectares of claims back in Se...Read More
Andrew Prelea, chief executive of Vast Resources PLC (LON:VAST) discusses the changes to Zimbabwe's export credit rules and the 'significant' impact he's expecting it to have on the company's earnings.The Reserve Bank of Zimbabwe raised the Export Credit Incentive (ECI) paid to all gold miners to 10% from 2.5% in February. Meet ANGLE plc, Faron Pharmaceuticals Ltd, Alliance Pharma plc, Clini...Read More
Andrew Prelea, chief executive of Vast Resources PLC (LON:VAST) discusses the changes to Zimbabwe's export credit rules and the 'significant' impact he's expecting it to have on the company's earnings.The Reserve Bank of Zimbabwe raised the Export Credit Incentive (ECI) paid to all gold miners to 10% from 2.5% in February. Meet Southern Gold, Carnarvon Petroleum Ltd, Petsec Energy Ltd, Parad...Read More
Andy Carroll, technical director at Mosman Oil And Gas Ltd (LON:MSMN) tells Proactive Investors seismic processing at exploration permit (EP) 145 in the Amadeus Basin has produced excellent results.The reprocessing of data from has confirmed the shallow multi-pay-zone anticline at EP145, similar to the reservoir zones at the nearby Mereenie oil and gas field and also revealed information at deeper...Read More
Steve Curtis discusses with Proactive's Andrew Scott the impact on Caledonia Mining Corporation PLC (LON:CMCL TSX:CAL) from changes in Zimbabwe's export credit rules.The Reserve Bank of Zimbabwe raised the Export Credit Incentive (ECI) paid to all gold miners to 10% from 2.5% in February.Assuming gold remains at US$1,260 per oz, the benefit to Caledonia - which owns 49% and runs the Blanket gold m...Read More
Fortune Minerals Limited (TSX:FT; OTCQX:FTMDF) ('Fortune' or the 'Company') (www.fortuneminerals.com) is pleased to report that the Mackenzie Valley Environmental Impact Review Board ('Review Board') has recommended that the Tlicho all-season road ('Tlicho Road') be approved subject to measures designed to mitigate potential environmental, social and cultura...Read More
Wallbridge Mining Company Limited (TSX:WM, FWB:WC7) ('Wallbridge' or the 'Company') is pleased to announce that it has entered into agreements to deliver 10,870 ounces of gold to Auramet International LLC ('Auramet') at a price of CAD$1720 per ounce, for proceeds of $18,696,400.Read full newsRead More
ULS Technology PLC (LON:ULS) saw its shares slide 7.9% to 145p in lunchtime trading after its chief executive (CEO) was appointed managing director of Mortgage Advice Bureau PLC (LON:MAB1).The AIM-listed media agency said following the departure of Ben Thompson as CEO, managing director Stephen Goodall would be taking over the position.Thompson previously held senior positions at Legal & Gener...Read More
Hugo Schumann of Apollo Minerals Limited (ASX:AON) talks Proactive Investors through the company's recent trading halt as three prestigious mining funds came on board for a combined A$6 million at a price of 23 cents.He describes the quality of the funds that have come in as a ringing endorsement of the project.Most of the initial expenditure will be put to reopening the world's highest-grade tung...Read More
JOHANNESBURG, April 4 (Reuters) - The South African High Court ruled in favour of the once empowered, always empowered principle on Wednesday which entitles a company to keep its black empowerment status even if a black partner exits its stake in the mining firm.Uncertainty around the Mining Charter and ownership levels have deterred investment in a sector that accounts for 8 percent of the countr...Read More
By Susanne BartonThis year hasn't been kind to precious-metal stock pickers at the world's biggest asset manager, but their luck may be about to turn.The $1.3 billion BlackRock Gold and General Fund lost 15 percent last quarter, its worst performance since the third quarter of 2015. Among large materials-focused equity funds, it was the second-worst performer after another BlackRock gold fund domi...Read More
Chris Eadie, finance director at Rose Petroleum PLC (LON:ROSE) discusses with Proactive's Andrew Scott the decision to expand their footprint in Utah's Paradox basin - acquiring a 75% working interest in an additional 3,320 gross acres.The package is being acquired via joint venture partner Rockies Standard Oil Company (RSOC) and, including the new acquisition, the partnership now addresses some 7...Read More
Mr. JohnWatson reportsNV GOLD ANNOUNCES CLOSING OF CDN$1,002,000 PRIVATE PLACEMENTNV Gold Corp. has closed its non-brokered private placement of $1,002,000 in units announced on March 19, 2018.The company sold 1.67 million units at 60 cents per unit.Each unit consists of one share and one-half of one warrant exercisable at 90 cents until April 3, 2020.The expiry date of each whole warrant is subj...Read More
Canada's largest diversified miner Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK) said Wednesday it had increase to 90% its stake in Compa???-a Minera Teck Quebrada Blanca, which main asset is the namesake copper mine in Northern Chile.The Vancouver-based miner said the deal, worth $162.5 million, simplifies the ownership of Quebrada Blanca, giving Teck additional flexibility with respect to fin...Read More
Vedanta Resources, controlled by billionaire Anil Agarwal, and other miners can transport already mined iron ore from Goa on which royalties have been paid, India's top court ruled on Wednesday, providing relief to the state's miners.India's Supreme Court in February quashed all iron ore mining permits in the southwestern state of Goa, one of the top producing states for the steel-making raw mater...Read More
Dr Cath O'Neill, chief executive of SkinBioTherapeutics PLC (LON:SBTX), tells Proactive they've granted access to their proprietary SkinBiotix technology to a major, global consumer goods company.Having shared the initial pre-clinical data with a number of interested parties, one potential partner to date has progressed to a material transfer agreement - a standard agreement governing the transfer...Read More
Tim Dyson, chief executive of Next Fifteen Communications Group Plc (LON:NFC), spoke to Proactive Investors following the release of their full year results.The digital communication company enjoyed another year of record revenues and earnings last year.Revenues rose by 15% to ?196.8mln in the year to 31 January 2018 from ?171.0mln the year before, with organic revenue growth of 5.2%. Meet...Read More
Mr. Ralph Shearing reportsTELSON MINING CORPORATION ANNOUNCES POSITIVE PRELIMINARY ECONOMIC ASSESSMENT FOR THE CAMPO MORADO MINETelson Mining Corp. has released the positive result of an independent preliminary economic assessment study (PEA) prepared in accordance with National Instrument 43-101 on the 100-per-cent-owned Campo Morado mine located in Guerrero state, Mexico.Campo Morado PEA highlig...Read More
Bitcoin and other cryptocurrency miners have created a dearth of mid-range and high-end GPU cards that are selling for twice as much as suggested retail. The reason: miners are setting up server farms with the cards.Read full newsRead More
U.S. government officials are moving forward with a plan to block new gold mining claims in the mountains north of Yellowstone National Park with the release March 29 of a draft analysis of the pro...Read full newsRead More