FTSE 100 holding good gainsUS Q4 GDP misses forecasts UK growth stats beat estimatesBarclays and Lloyds up after Deutsche noteThe FTSE 100 closed adjacent to its intra-day high with a dozen of its constituents notching up gains in excess of two per cent.The FTSE 100 closed at 7,666, up 50 points, despite sterling rising once more against the dollar, which is regarded as bad news for the...Read More
COPENHAGEN, DENMARK:FLSmidth and Goldcorp are the joint winners of the Mining Magazine Editor's Award 2017 for developing EcoTailsTM, a new mining system that improves tailings and waste rock disposal while recovering as much as 95% of the tailings waterFLSmidth and Goldcorp, one of the world's largest gold mining companies, have been named joint winners of Mining Magazine's annual Editor's Award...Read More
Coincheck told authorities that it had lost 500 million NEM cryptocurrency coins in today's cyberheist, which at the current exchange rate amounts to roughly $400 million!Read full newsRead More
Metallis Resources Inc. (TSXV:MTS) ("Metallis" or the "Company") is pleased to announce that further to its news release dated January 5, 2018, the Company has closed its private placement (the "Private Placement") pursuant to which its issued 1,897,142 Units at a price of $1.15 per Unit for aggregate gross proceeds of $2,181,713.Read full newsRead More
Q4 GDP came in at 2.6%, missing expectations and below last quarter's 3.2% GDP print, and the lowest since the first quarter of 2017, largely as a result of a surging trade deficit in the fourth quarter.Read full newsRead More
Natural resource investor Paternoster Resources plc (LON:PRS) shares zipped up over 10% to 0.155p as it issued a strategic update.It reckons its corporate costs can be reduced, particularly in personnel and infrastructure, following its co-investment agreement with finance provider RiverFort Global Capital earlier this month."The board is focused on rapidly implementing the company's enhance...Read More
Glyn Edwards, chief executive of Summit Therapeutics PLC (LON:SUMM,NASDAQ:SMMT), adds a bit of extra detail to their announcement this week around the interim data for their treatment for Duchenne Muscular Dystrophy (DMD).The interim results for the PhaseOut study revealed a "statistically significant and meaningful" reduction in muscle damage in patients taking the company's treatment, ezutromid....Read More
The agenda for the coming week is fairly light on quantity but the quality is certainly improving, with updates due from blue chip stalwarts such as AstraZeneca PLC (LON:AZN), BT Group plc (LON:BT.A), Royal Dutch Shell PLC (LON:RDSA), and Unilever plc (LON:ULVR), plus a Federal Reserve meeting and the January US jobs report.As Unilever moves closer to establishing a single corporate structure as p...Read More
Michael Hunt, CFO at ReNeuron Group Plc (LON:RENE) tells Proactive positive long-term data on their CTX cell therapy for stroke has been presented at the American Heart Association International Stroke Conference in Los Angeles.Professor Keith Muir, of the Queen Elizabeth University Hospital, Glasgow and Principal Investigator for ReNeuron's PISCES II study, told the audience that upper limb funct...Read More
Mining Capital's Alastair Ford gives his take on coal and currency wars, specifically his analysis on how coal mining companies Minergy (MIN:BT) and Anglo Pacific Goup PLC (APF:LSE) are faring.Ford says there is an increasing demand on coal, and believes Minergy will be one of the few coal companies listed on AIM with significant prospects.Ford says Anglo Pacific Group is benefiting from...Read More
(Bloomberg) - A metal that's in demand for batteries is surging, and it's not the one everyone's talking about.Vanadium has soared more than 130 percent in the past year, outperforming better-known battery components like cobalt, lithium and nickel. It's an obscure metal, silvery-blue in color and named for Vanadis, the Nordic goddess of beauty.What's driving prices is tightening supply and stron...Read More
LUSAKA, Jan 26 (Reuters) - A $1.4 billion lawsuit against Canada's First Quantum Minerals in Zambia will go ahead, a Zambian court ruled after dismissing the company's bid to stop the case.State-owned ZCCM-IH launched action in October 2016 to sue First Quantum for $1.4 billion over claims that the Canadian company borrowed $2.3 billion from its Zambian copper mining subsidiary Kansanshi Mining Pl...Read More
Will Dawes, chief executive of Mkango Resources Ltd. (LON:MKA) (TSX-V:MKA), tells Proactive's Andrew Scott that following recent shareholder and exchange approvals, investments totalling ?6mln (C$10.5mln) made by Talaxis Limited have been received by the rare earths explorer's subsidiaries.Talaxis has invested ?5mln (C$8.8mln) into Lancaster Exploration Limited - the subsidiary which holds the l...Read More
World's second largest mining company Rio Tinto (ASX, LON:RIO) has lifted force majeure on shipments of refined copper from its Kennecott unit in the U.S., 79 days after adopting the measure.The company halted production of refined copper at its smelter at the Utah-based mine on Oct. 8 after a worker was exposed to sulphur dioxide gases at the plant while removing debris from a boiler. The employe...Read More
Mining Capital's Alastair Ford gives his take on coal and currency wars, specifically his analysis on how coal mining companies Minergy (MIN:BT) and Anglo Pacific Goup PLC (APF:LSE) are faring.Ford says there is an increasing demand on coal, and believes Minergy will be one of the few coal companies listed on AIM with significant prospects.Ford says Anglo Pacific Group is benefiting from...Read More
Global Energy Metals (CVE:GEMC) CEO Mitchell Smith tells Proactive after recent drilling at their Millennium Cobalt project in Mount Isa, Australia, the company drew significant intercepts showing high-grade Cobalt over wide intercepts. Smith says because of these favorable results, they are fast-tracking a work program on the project, that will begin in early February. Meet Reward Minerals...Read More
Ecuador-focused miner SolGold (LON:SOLG) (TSX:SOLG) said Friday it had begun additional exploration drilling at its 85%-owned Cascabel copper-gold project, 180 km north of the country's capital Quito.The Australian gold miner noted said efforts are now focussed on targeting high-grade extensions to the Alpala resource. It also said that an additional 13,384 metres of drilling has been complet...Read More
Before you pull the trigger on Hecla Mining, you need to consider these two things.Read full newsRead More
VANCOUVER, British Columbia, Jan. 25, 2018 (GLOBE NEWSWIRE) - Orla Mining Ltd. (TSX VENTURE:OLA) ("Orla" or the "Company") is pleased to announce that it has entered into an agreement to acquire up to a 100% interest in the Monitor Gold exploration project (the "Project") consisting of 340 claims covering approximately 2,800 hectares in central Nevada. ...Read full newsRead More
Gold settles at a level not seen in more than a year Thursday, but moves lower in electronic trading as the dollar turns higher.Read full newsRead More