Bushveld Energy's Mikhail Nikomarov caught up with Proactive's Andrew Scott to update on developments with their first vanadium redox flow battery (VRFB) deployment in South Africa.The system's being deployed with Eskom, the country's national power utility, at its Research, Testing and Development Centre.He says they're expecting to deliver and commission it towards the end of Q2 this year.''It's...Read More
March 01 (BOJ Financial Markets Department) - The Bank of Japan announced the following interest rates for Japan's benchmark overnight call money. weighted average rate-0.053 percent highest rate 0.001 percent lowest rate-0.080 percent Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure ac...Read More
* Supreme Court ruled against government in December* MCC has said will challenge government plansULAANBAATAR, Feb 28 (Reuters) - Mongolia's Constitutional Court ruled on Wednesday that Mongolian Copper Corporation (MCC) never had the right to 49 percent of one of Asia's biggest copper mines, supporting an earlier resolution by the government to buy back the stake.The ownership battle is set again...Read More
Copper futures trading on the Comex market in New York fell for the fourth straight session on Wednesday on fresh doubts about the strength of the economy in top consumer China.Copper for delivery in May slumped 1.8% to a low of $3.1295 a pound ($6,900 a tonne) in early afternoon trade, down more than 5% so far this year.Chinese manufacturing data suffered its biggest fall in five years in Februa...Read More
Robert Henke, executive vice president of corporate affairs and customer experience at PPHE Hotels Group Plc (LON:PPH) tells Proactive they're a hospitality company based in Amsterdam, that owns and operates different properties in a number of exciting markets throughout Europe.''What we've seen in the last year is a significant increase in leisure visitors to the London market obviously hel...Read More
BOJ money market operations and current account deposit (2/28)March 01 (BOJ Financial Markets Department)in billion yen 2/28 Projected Preliminary RevisedBank notes -50 -60 -60Treasury funds and others570 520 520------------------------------------------------------------------------------Market balance 520 460 460------------------------------------------------------------------------------Subtot...Read More
JOHANNESBURG, Feb 28 (Reuters) - South Africa's new mining minister Gwede Mantashe said on Wednesday he will finalise the latest version of an industry charter which lays out requirements for black ownership levels and other targets in the next three months.Uncertainty around the charter has deterred investment into a sector that accounts for 8 percent of gross domestic product in the world's top...Read More
JOHANNESBURG, Feb 28 (Reuters) - South Africa's new mining minister Gwede Mantashe said on Wednesday he will finalise the latest version of an industry charter which lays out requirements for black ownership levels and other targets in the next three months.Uncertainty around the charter has deterred investment into a sector that accounts for 8 percent of gross domestic product in the world's top...Read More
** Miner Mustang Resources Ltd rises as much as12.5 pct to A$0.027, its highest since Feb. 22** Co says Mozambique government has issued miningconcession ** Stock posts its biggest intra-day pct gain since Feb. 14** Up to Wednesday's close, stock had fallen 21.9 pct thisyear Messaging: Aaron.Saldanha@thomsonreuters.com @reuters.net)) Disclaimer: The views expressed in this article are those of the...Read More
Robin Young, chief executive of Amur Minerals Corporation (LON:AMC), outlines their 2018 work programme for the Kun-Manie nickel sulphide deposit in Russia.The company will complete a new mineral resource update over a total strike length of four kilometres, update its open pit and underground mine design plans at the IKEN/KUB deposit, calculate the most economic life of mine schedule, undertake s...Read More
SHANGHAI, Feb 28 (SMM) -Copper: A stronger US dollar drove LME copper lower towards the 60-day moving average, but prices are likely to rise in the medium term as downstream consumption recovers and Chinese scrap imports decline. We see LME copper to trade at $7,000-7,070/mt and the SHFE 1804 contract at 52,500-53,100 yuan/mt today. Spot discounts are seen getting smaller as sellers held up.A...Read More
Vancouver-based Secova Metals (TSXV: SEK) announced today that, with the acquisition of 1151640 B.C. Ltd, it has taken over 40 claims or approximately 2,186 hectares in eastern Quebec. The claims are contained within the Muskrat, Boudrais and Peribonka-Begin cobalt projects. Half of those claims, which comprise the Muskrat Cobalt project, are located in the Riviere aux Rats area of Quebec and are...Read More
(Adds detail, analyst comment)* Feb exports up 4.0 pct y/y, imports up 14.8 pct y/y* Fewer working days due to Lunar New Yr crimps exportsgrowth By Cynthia KimSEOUL, March 1 (Reuters) - South Korea's export growthslowed in February to its weakest in more than a year,government data showed on Thursday, showing the effects of along Lunar New year holiday and a potential slip in overseasdemand for Ko...Read More
Brazil-based steel group Gerdau is confident about a recovery in steel demand in the country, mainly from the industrial and automotive industries."We are seeing an increase in demand, especially in the industrial and automotive sectors," chief executive officer Gustavo Werneck said on Wednesday February 28."In construction, there are signs of a gradual recovery, and at a stronger pace than in 201...Read More
HANOI, March 1 (Reuters) - Data from the Nikkei Vietnam Purchasing Managers' Index forFebruary.Readings above 50.0 indicate an improvement in businessconditions and readings below 50.0 indicate a deterioration. DATAFEBJANDECNOV53.5 53.4 52.5 51.4 CONTEXT* Vietnam's PMI rose to 53.5 in February, the highest sinceApril 2017, with new orders posting solid increase backed byimproved demand. Business c...Read More
RAPAPORT... Rapaporthas signed an agreement to be the official media partner for the Carat+ tradeshow taking place in Antwerp this May. As part of the deal, Rapaport Magazineand its online news site, Diamonds.net, will offer coverage of the show, whilealso promoting the event through print and digital advertising. Carat+, which will run from May 6 to 8 atAntwerp Expo, is being billed as the world...Read More
TOKYO, March 1 (Reuters) - Japanese manufacturing activityexpanded at a slightly slower but still solid pace inFebruary, revised data showed on Thursday, as the stronger yenweighed on new export orders.However, hiring rose at the fastest pace in 11 years ascompanies remain optimistic about future demand.The final Markit/Nikkei Japan Manufacturing PurchasingManagers Index (PMI) was a seasonally adj...Read More
Cyber-security software firm Defenx plc (LON:DFX) is exploring funding options it revealed in a downbeat trading update.Consolidated revenues for 2017 will be materially below those in 2016, the company said.The board is now looking to implement a strategic plan, "defenx 2020", which will see the group build on its existing cloud backup product with a focus on corporate customers.Defenx said this...Read More
(IDEX Online) - India's polished exports in January soared by almost 29 percent to $2.08 billion. Polished exports for the April to January period showed a rise of 4.2 percent to $19.3 billion, according to the figures released by the Gem & Jewellery Export Promotion Council (GJEPC). The GJEPC said that imports of rough surged by 13.6 percent in January to almost $1.44 billi...Read More