The blowout in the price spread between Canadian heavy and U.S. light crude isn't narrowing substantially any time soon, according to analysts with GMP FirstEnergy.While Canada's heavy oil producers are faced with the challenge of increasing rail volumes in the absence of a new export pipeline, they're also dealing with issues on an operational system into the U.S."The most immediate pressing issu...Read More
Clive Dix, chief executive of C4X Discovery Holdings plc (LON:C4XD), discusses with Proactive's Andrew Scott their licensing deal with FTSE 250-listed Indivior for its addiction behaviour suppressant, C4X3256.It is the first major partnership for C4X, which will receive US$10mln up front and a further US$284mln dependent on how successful the drug proves. Meet ANGLE plc, Faron Pharmaceutical...Read More
Oil prices seesawed at the start of the week before jumping close to multi-year highs on geopolitical concerns, with Brent hitting $70 and WTI at $65. However, geopolitical pressure is only able to influence oil prices to such a degree because the market is fundamentally getting tighter.Ongoing declines in Venezuela and concerns about heightened tension between the U.S. and Iran have significantly...Read More
Mick Billing, chairman of Thor Mining PLC (LON:THR), tells Proactive they're buying a stake in two deposits 30km from their Molyhil project in Australia's Northern Territory.The tenements comprise outcropping tungsten deposits in the Bonya Creek area, along with a high-grade copper deposit.Billing also discusses a deal between investee company USA Lithium and Australian firm Hawkstone. Meet...Read More
(Bloomberg) - Randgold Resources Ltd.'s celebrated ability to operate in Africa is being tested on all fronts, and it's taking a toll on the London-listed gold miner's stock.For most of the last decade, Randgold shares were the best performers among gold miners tracked by Bloomberg. Now they are among the worst in the industry, sinking 20 percent so far this year.Randgold made its reputation on i...Read More
April 3 (Reuters) - Australia's largest independent gold miner Newcrest Mining said on Tuesday it recommenced processing at its flagship Cadia mine over the weekend.Last week, the company had said it would start mining operations at Cadia, which was closed following damage to a tailings dam wall.The miner said processing is currently at a run rate of about 8 million tonnes per annum due to limitat...Read More
U.S. President Donald Trump's recent surprise announcement that he plans to withdraw the United States military from Syria "very soon" and that he will let "the other people take care of it now" may be more telling of what's to come than the mainstream media would have us believe.Read full newsRead More
WARSAW, April 3 (Reuters) - Australia's Prairie Mining said it filed a lawsuit in a Warsaw civil court on Friday against the Polish environment ministry, seeking an extension to the company's exclusive rights to a mining project in the country.The news sent the miner's shares plunging 30 percent in London and 20 percent in Warsaw.Prairie Mining secured in 2015 the exclusive right to apply for a mi...Read More
California Gold Mining Inc. has been halted at the open on April 3, 2018, at the request of the company, pending an announcement.© 2018 Canjex Publishing Ltd. All rights reserved.Read More
Mr. Jean-Sebastien David reports ARIANNE PHOSPHATE RECEIVES ADDITIONAL FUNDING FROM THE GOVERNMENT OF QUEBEC FOR ITS LAC A PAUL PROJECTArianne Phosphate Inc. has received a grant of $1.5-million from the Ministry of Energy and Natural Resources of Quebec. This funding has been provided as part of the government's plan to help advance the Quebec phosphate (apatite) sector. Arianne will be using thi...Read More
Kevin van Wouw, chief executive of Cradle Arc Plc (LON:CRA) tells Proactive they're to accelerate development at Mowana in Botswana to get the copper mine into profit more quickly.He says they've also upgraded the copper resource using modern JORC standards to 861,000 tonnes of contained copper at a grade of 1.15%.Of that, measured and indicated resources are 466,000 tonnes of contained copper. &n...Read More
Mr. Walt Coles Jr. reportsSKEENA INITIATES PHASE II UNDERGROUND DRILLING AT SNIPSkeena Resources Ltd. has commenced underground drilling at its 100-per-cent-owned Snip project located in the Golden Triangle of British Columbia. The budgeted phase II drill program totalling 11,000 metres is being performed from the existing underground infrastructure utilizing two drill rigs. Building upon the data...Read More
Mr. Greg Smith reportsCALIBRE MINING ANNOUNCES THAT JOINT VENTURE PARTNER IAMGOLD HAS REPORTED AN INFERRED MINERAL RESOURCE ESTIMATE OF 812,000 GOLD EQUIVALENT OUNCES ON THE EASTERN BOROSI PROJECT, NICARAGUACalibre Mining Corp.'s joint venture partner Iamgold Corp. has released an initial and updated National Instrument 43-101-compliant inferred mineral resource estimate on the Eastern Borosi gold...Read More
Mr. Michael Allen reportsNORTHERN EMPIRE DRILLS 42.67 METERS OF 0.82 G/T AU AT THE SNA DEPOSIT STERLING GOLD PROJECT, NYE COUNTY, NEVADANorthern Empire Resources Corp. has released drill results from the SNA deposit, within the company's 100-per-cent-owned Sterling gold project located in Nye county, Nevada.STERLING DRILL RESULTSHole IDFrom (m)To (m) Interval (m)Au (g/t)SNA18-001C 57.76 72.4814.72...Read More
Mr. Nav Dhaliwal reportsBONTERRA EXTENDS GLADIATOR GOLD DEPOSIT FURTHER WESTWARD 17.8 G/T AU INTERSECTED OVER 3.0 METERSBonterra Resources Inc. has released the latest results from the continuing winter drilling campaign at the Gladiator gold deposit, including an intersection of 17.8 grams per tonne gold over 3.0 metres. High-grade intersections extend multiple zones westward, adding strike lengt...Read More
OZ Minerals (ASX:OZL) said Tuesday it had received approval from the South Australian government to go ahead with the next phase of development its A$916 million (roughly $704m) Carrapateena copper-gold project.The Mining Lease and Environmental Protection and Biodiversity Conservation Act (EPBC) allows Oz Minerals to start this month phase two of construction at the project, one of the largest...Read 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 Thursday's release of a draft analysis of the proposal's effects on the environment.Read full newsRead 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
There's gold in them thar hills!Read full newsRead More
A woman many viewed as a gold digger when she married then-Zimbabwe president Robert Mugabe faced off against literal gold diggers this week who allegedly worked illegally on her farm.At former first lady Grace Mugabe's farm in Mazowe, just north of the capital Harare, hundreds of workers allegedlyRead full newsRead More