Bitcoin has hit a 40-day high and is up more than 4% in overnight trading, moving above the US$9,200 level. Its value has risen by more than a third over the last two weeks. The world's number one cryptocurrency now has a market cap of more than US$157 billion, still considerably down from ...Read full newsRead More
Morning Market Breakdown, April 24: As commodities began making a comeback, the markets slowly trudged into the green Tuesday morning.Read full newsRead More
Tern PLC (LON:TERN) saw its shares climb 33% to 17.1p in late-afternoon trading after Device Authority, a company in which it holds a 56.8% stake, announced its support for Microsoft Azure Internet of Things (IoT) Hub.The announcement followed the release of KeyScaler 5.8, a global leader in Identity and Access Management for IoT. The group said combining these two technologies will allow customer...Read More
FocusEconomics' April 2018 Consensus Forecast for Commodities shows a moderate downward trajectory for thermal coal in Q4 2018. Newcastle export prices are expected to drop to $88.00 a tonne because of new measures taken by the Chinese government to up production at domestic coal mines, suppressing the surge in import prices.Thermal coal prices peaked in January, reaching a one-year high of $109.0...Read More
Martin Eales, chief executive of Rainbow Rare Earths Ltd (LON:RBW), tells Proactive Investors they produced 279 tonnes of rare earths concentrate from the Gakara project in Burundi during the three months to 31 March.The grade per tonne of concentrate produced rang in at a huge 62% total rare earth oxides, and the realised price per tonne of concentrate sold was US$2,357. Meet Peninsula Mine...Read More
GREAT PANTHER SILVER LIMITED (TSX:GPR; NYSE American: GPL) ('Great Panther'; the 'Company') has scheduled the release of its first quarter 2018 financial results for Wednesday, May 2, 2018after market close.Read full newsRead More
Asante Gold Corporation (CSE:ASE) (FRANKFURT:1A9) (OTC:ASGOF) ("Asante Gold" or the "Company") announces that the Company has extended the expiry date of 6,115,000 share purchase warrants for an additional year.All the other terms and exercise conditions of the warrants remain the same as issued.Read full newsRead More
While the two main European leaders this week with the goal of pushing President Trump off his position to end the Iran Nuclear Deal, or JCPOA, it is the bigger issues of energy security that will be the real focus.Read full newsRead More
Vincent Mascolo, chief executive of IronRidge Resources Ltd (LON:IRR), discusses with Proactive's Andrew Scott high grade gold in rock chip samples taken from their Dorothe license in Chad.Grades at Dorothe have run as high as 39.1 grams per tonne in sampling, alongside high silver, lead and copper grades. Meet Peninsula Mines Ltd and Silver City Minerals Ltd at our event,Sydney, 07 May 2018...Read More
Gerard Kisbey-Green, chief executive of Goldplat plc (LON:GDP), tells Proactive Investors they sold 28,534 gold equivalent ounces in the nine months ended 31 March 2018, slightly up on the 27,714 ounces sold in the corresponding period a year earlier.During the most recent quarter, the company produced 6,966 ounces of gold and gold equivalent. The South African operations accounted for 4,533 ounce...Read More
Gervaise Heddle, chief executive Greatland Gold plc (LON:GGP), updates Proactive Investors on developments across the company's portfolio of assets.Last week Greatland commenced the first drilling campaign at its 100%-owned Havieron licence in the Paterson region of Western Australia. Meet Peninsula Mines Ltd and Silver City Minerals Ltd at our event,Sydney, 07 May 2018.Register here >>Read More
Barry Downes, from Sure Ventures Plc (LON:SURE), talks Proactive's Andrew Scott through their first direct investment in the UK.The venture capital fund is putting ?500,000 into Immotion Group, a Manchester-based group that specialises in virtual reality cinema pods.Immotion's pods combine advanced sight, sound and multi-directional motion. Meet Peninsula Mines Ltd and Silver City Minerals...Read More
Iron ore operations in Brazil only expected to return in December quarterRead full newsRead More
(Bloomberg) - After two weeks of convulsions caused by U.S. sanctions against United Co. Rusal, the metals market was braced for more mayhem: many traders were betting the Russian aluminum giant was just days away from having to shut plants from Sweden to Jamaica.Then on Monday, the U.S. Treasury threw a potential lifeline by making clear it's not pushing for the company's collapse."The U.S. gove...Read More
MELBOURNE, April 24 (Reuters) - New Century Resources has signed a deal to supply zinc to global trader Concord Resources Ltd, as it pushes to sell the final portion of production planned at its site in northern Australia, the company said on Tuesday.In the miner's fifth supply deal, Concord will take approximately 5 percent of production when it begins in the third quarter at the Century Zinc Min...Read More
Mr. Stephen Nano reports MIRASOL REPORTS START OF US$ 750,000 EXPLORATION PROGRAM AT THE ZEUS GOLD PROJECT WITH NEWCREST MININGMirasol Resources Ltd. and Newcrest Mining have initiated a $750,000 (U.S.) surface exploration program at the Zeus project to explore for a large high-sulphidation epithermal (HSE) gold deposit within the prospective Mio-Pliocene age belt of Northern Chile. Zeus comprises...Read More
HAVANA, April 24 (Reuters) - Cuba forecasts nickel plus cobalt sulfide production will exceed 50,000 tonnes this year even as prices rise, the head of the country's state monopoly Cubaniquel was quoted by local media as stating on Tuesday.Nickel is one of the cash-strapped Communist-run country's most important exports, but revenue from it has suffered in recent years due to a decline in productio...Read More
DAKAR, April 24 (Reuters) - Congo's state miner Gecamines is starting legal proceedings to dissolve its Kamoto copper and cobalt joint venture with a subsidiary of Glencore, blaming the commodities giant for high debts that have weighed on the mine for more than 10 years.Gecamines said on Tuesday that debts owed by Kamoto to Glencore and its subsidiaries at the end of 2017 topped $9 billion. It sa...Read More
SANTIAGO, April 24 (Reuters) - The union of workers at BHP's Escondida copper mine in Chile, the world's largest, told Reuters on Tuesday it had made little progress on an early contract deal with management, making it "highly likely" that no agreement would be struck before official talks begin in June.The union accepted an offer to begin early negotiations with the Anglo-Australian miner in Marc...Read More
STOCKHOLM, April 24 (Reuters) - Swedish engineering group Sandvik beat first-quarter operating earnings expectations on Tuesday boosted by strong results in its metal-cutting tools business, the group's main profit generator. But results in its mining gear business were slightly weaker than anticipated, taking some of the shine off the overall beat and sending shares lower after an initial rise.At...Read More