Mark Gustafson, chief executive of Challenger Acquisitions Limited (LON:CHAL), tells Proactive's Andrew Scott they've invested in a second giant observation wheel project, this time in Dallas, Texas.The AIM-quoted firm has invested US$300,000 towards the pre-development costs of the Eye of Texas, with the option to invest up to US$1mln in this first tranche.The remainder of the US$3mln of pre-deve...Read More
China bond yields rose ahead of the macro data avalanche tonight (following a leaked upside surprise print for GDP). GDP, Industrial Production, and Fixed Asset Investment all beat expectations but Retail Sales missed dramatically - growing at its slowest since Feb 2004.Read full newsRead More
(Bloomberg) - India's steel ministry is seeking to remove import tax on coking coal to soften the impact of rising costs on users of the key steel-making fuel and promote production of the alloy that's crucial for Prime Minister Narendra Modi's plan to boost domestic manufacturing.The ministry has written to the finance department to consider its request in the federal budget on Feb. 1, federal...Read More
Mr. Douglas Eaton reportsCHAMPAGNE AND AISHIHIK FIRST NATIONS AND STRATEGIC METALS LTD. ANNOUNCE EXPLORATION AGREEMENT Champagne and Aishihik First Nations and Strategic Metals Ltd. have signed an exploration agreement. This landmark agreement provides a framework for consultation pertaining to all exploration activities undertaken by Strategic within the CAFN traditional territory, excluding Cate...Read More
Europa Oil & Gas Plc (LON:EOG) alongside Union Jack Oil PLC (LON:UJO) and project operator Egdon Resources Plc (LON:EDR) have told investors they'll now be making a new planning application to the North Lincolnshire council seeking consent for the Wressle field development.It comes after the planning inspectorate earlier this month rejected appeals made by Egdon and its partners following prio...Read More
Mr. Sean Roosen reportsOSISKO ANNOUNCES RECORD 2017 GOLD EQUIVALENT OUNCES Osisko Gold Royalties Ltd. has provided information on its preliminary 2017 gold equivalent ounces (GEOs).Record gold equivalent ounces earned in 2017 The company's portfolio of royalties, streams and other interests delivered a record number of GEOs during the fourth quarter and for 2017. The company received 58,933 GEOs...Read More
ELKO, Nev., Jan. 18, 2018 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold" or the "Company") (NASDAQ: USAU), a gold exploration and development company, announced today that it agreed to sell $5 million of shares of its Series E convertible preferred stock in a non-brokered registered direct offering. The shares of Series E convertible preferred stock have an offering price equal to their stated valu...Read More
TransCanada Corp. (TSX, NYSE:TRP) said Thursday it had gathered strong commercial support for its $8 billion Keystone XL Pipeline, adding it would continue to secure additional long-term contracts before it decides when it will start work on the project.The Calgary-based company added that after finishing an open season that allowed shippers to commit to space in the proposed pipeline, it secure...Read More
Wood Mackenzie sees copper demand increasing significatively over global supply in the next decade and, together with it, miners' need for reliable sources of water."As constant and high demand for copper leads to resources running out, copper grades will progressively diminish. As a result, water demand will increase because it will be necessary to process more material to obtain the same amount...Read More
Mr. JeffreyPontius reportsCORVUS GOLD EXTENDS MOTHER LODE DEPOSIT WEST, DRILLING 70.1 METRES @ 1.41 G/T GOLD, AND NORTH, DRILLING 33.5 METRES @ 1.6 G/T GOLD Corvus Gold Inc. has received assay results from an additional eight drill holes from its 2017 phase 1 drill program at its Mother Lode project in southern Nevada. The latest results continue to delineate the extension of the Mother Lode depos...Read More
Mr. John Burzynski reportsOSISKO INTERSECTS 86.7 G/T AU OVER 4.3 METRES AT WINDFALLOsisko Mining Inc. hasprovided new results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban township, Eeyou Istchee, James Bay, Quebec. The 800,000-metre drill program combines definition, expansion and exploration drilling in and ar...Read More
Mr. Jean Martineau reportsDYNACOR AT FULL CAPACITY, PRODUCES A NEW RECORD HIGH OF 8,908 OZ OF GOLD IN DECEMBER 2017Dynacor Gold Mines Inc.'s gold ore processing facility in Chala (Peru) has been running at its full capacity of 300 tonnes per day since Nov. 25. Gold production in the month of December reached an all-time record high of 8,908 ounces. In 2017, for its first full year of operations, D...Read More
Mr. Matthew Hornor reportsMAPLE GOLD STARTS DRILLING STEP-OUT TARGETS AT THE DOUAY GOLD PROJECTThe first drill hole has commenced at Maple Gold Mines Ltd.'s Douay gold project. The first drill rig has arrived to site and has been mobilized to one of the priority infill and stepout drill targets from the 55 existing permits currently in place. Permit requests have been submitted for the balance of...Read More
Chile's environmental authority - SMA - has ordered the definitive closure of Barrick Gold's (TSX, NYSE:ABX) already halted Pascua-Lama project, but lowered the fine for violations to 7 billion pesos ($11.5 million) from the previous $16 million it had charged the company."Given the nature and the size of the breaches that the company committed, there is the conviction that total and definitive...Read More
Mazda Motor Corp., running counter to the industry's shift toward electric vehicles, says rapid improvements in conventional-engine technology mean non-gasoline cars won't be needed on a mass scale to solve pollution woes.Read full newsRead More
Turkey says it is readying an assault on a Kurdish-held town in Syria. Here's all you need to know.Read full newsRead More
Regulators vowed to make a decision on Thursday.Read full newsRead More
Gold's breakneck rally eased this week, but tailwinds in both physical and paper markets suggest it's got room to run.Read full newsRead More
Gold's breakneck rally eased this week, but tailwinds in both physical and paper markets suggest it's got room to run.Read full newsRead More
Rio Tinto-controlled Turquoise Hill (TSX, NYSE:TRQ) has declared force majeure at its massive Oyu Tolgoi copper and gold mine in Mongolia, following protests by Chinese coal haulers that have interrupted shipments near the border.In a note released Wednesday night, the Vancouver-based miner said that earlier this month protestors used a large number of vehicles to block the main access road...Read More