Major Indonesia producer PT Krakatau Steel is maintaining its June 2018 start-up date for its new blast furnace, a company official told Metal Bulletin on April 5."The company will keep to the June 2018 date and there will be no delays," the official said, dismissing persistent market chatter that the blow-in could be delayed until 2019.The new 1.2 million tonnes per year blast furnace is located...Read More
Both Canaccord Genuity and Stifel waxed optimistic on the Wall Street newcomerShares of Spotify Technology (NYSE:SPOT) are trading higher this morning, after the streaming music service received a pair of bullish brokerage notes. Canaccord Genuity initiated coverage on the Wall Street newcomer with a "buy" rating. What's more, the brokerage firm said SPOT stock deserves "premium valuation" and set...Read More
Ian Fishwick, chief executive of AdEPT Telecom plc (LON:ADT), tells Proactive's Andrew Scott underlying earnings in the financial year just ended will be slightly ahead of market expectations.Turnover, up 29% or so year-on-year, is also expected to be ahead of market expectations.Net senior debt at the end of March stood at ?18.05mln, which was lower than the market had been expecting largely as...Read More
Investing.com - Gold prices fell on Thursday as risk appetite recovered amid investor bets that recent tariff announcements by the U.S. and China are negotiating tactics and the countries will ultimately reach a compromise.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange fell $10.20 or 0.75% to $1,330.00 a troy ounce by 03:30 AM ET (07:30 AM GMT).Prices of t...Read More
World's number one miner BHP (ASX:BHP) confirmed Thursday it has decided to leave the World Coal Association (WCA) over differences on climate change, but said it will keep its affiliation to the US Chamber of Commerce, which was also under review.The miner, which publicly supports the Paris climate accord, first signalled its intent to potentially leave the global coal-lobbying group last year, a...Read More
He spent eight years at the copper miner and smelter company, first as COO and then the last three years as CEO.Thomas has agreed to continue his role in the interim period to ensure a smooth transition process and allow operations to continue without interruption.No replacement has been announced yet, but the company said it would review the most appropriate management structure going forward and...Read More
The blue-chip index is poised to open the session up triple digitsFutures on the Dow Jones Industrial Average (DJI) are trading well above fair value -- signaling a third straight day of gains, following yesterday's volatile session. Lifting investor sentiment are easing fears of a possible trade war between the U.S. and China, with officials from both sides signaling support for negotiations befo...Read More
Import prices for stainless steel in East Asia continued to soften over the past week due to thin buying interest and sellers trying to destock, even as market participants in Taiwan took a breather due to a string of public holidays on the island.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm trimmed cold-rolled coil was $2,080-2,130 per tonne cif East Asian ports for the w...Read More
Policy Castle's CEO Edmund Dilger gives Proactive Investors an introduction and brief history as to how the insurance technology platform came about.''We're selling home insurance, we're focused on specialist home insurance and we're targeting specifically the customers who are using a broker for their home insurance needs''''These are customers who are not using price comparison websites be...Read More
LONDON (Reuters) - Heavy snow slowed activity in Europe’s dominant service industry last month but with growth still relatively strong, policy expectations for the European Central Bank and Bank of England are unlikely to change.Businesses across the euro zone ended the first quarter with their weakest expansion since the start of 2017 as bad weather and a strong currency combined to curb gr...Read More
The raising comes a week after W Resources received a €5.3 million (US$6.6 million) grant from the Junta de Extremadura government, as well as a US$35 million loan facility from BlackRock, both to advance the La Parrilla tungsten and tin project in Spain.It placed 300 million ordinary shares at £0.005/share to new and existing shareholders, with an application for the new ordinary share...Read More
The president of the Pan-Amazonian Ecclesial Network, Mgr. Jos?(C) ??ngel Divasson, hosted a press conference today where he presented the Catholic Church's position regarding the exploitation of mineral resources in Venezuela's southeastern Guayana region. Divasson, who also is the vicar apostolic of the Amazonian town of Puerto Ayacucho, said that not only the church but the entire world is worr...Read More
Are you ready for a potential economic reset?No matter what the news says, when this bubble pops, we're going to witness the worst market crash in history. But if you know this massive reset is coming, and prepare accordingly, it could be the greatest wealth opportunity of your life.You could have the once-in-a-lifetime opportunity to build wealth that lasts not just years... but generations!Once...Read More
(IDEX Online) - The Diamond Empowerment Fund (DEF), through its Diamonds Do Good nomenclature, launched a profile of Okavango Diamond Company's Youth Entrepreneurship Programme (ODC-YEP) on DiamondsDoGood.com. The program is designed to expose youth in Botswana to the diamond value chain and provide formal entrepreneurship training to assist them in exploring and developing their entreprene...Read More
GABORONE – The world’s most valuable diamond mine is set to get even bigger.Debswana, the joint venture between Anglo American’s De Beers unit and Botswana’s government, is seeking permission to deepen the Jwaneng mine to 830 meters (2 700 feet), according to a notice published in local newspapers Thursday. The Cut 9 project will extend the mine’s life by 11 years, to...Read More
Steve Hughes, VP of exploration at Asiamet Resources Limited (LON:ARS), tells Proactive's Andrew Scott latest assay results from the BKM copper project in Indonesia have provided further encouragement for them.The results comprise part of the 2017/2018 geotechnical programme conducted on BKM and have delivered the highest grade of copper mineralisation from surface drilled at BKM to date. Me...Read More
WASHINGTON (Reuters) - The United States plans to sanction Russian oligarchs this week under a law targeting Moscow for meddling in the 2016 U.S. election, sources familiar with the matter said on Wednesday, in what could be the most aggressive move so far against Russia’s business elite.The action, which could affect people close to President Vladimir Putin, reflects Washington’s desi...Read More
Botswana's Debswana Diamond Mining, a joint venture between De Beers and the southern Africa country's government, is seeking permission to extend the lifespan of its Jwaneng mine again by digging deeper.Jwaneng, which began operations in 1982, is currently 650 metres deep, but its owners want to deepen the pit to 830 meters (2,700 feet), which will allow continuing operations for another 11 year...Read More
JOHANNESBURG (miningweekly.com) – Out of the 33 entries in the competition that Russian diamond miner Alrosa launched to find a technical solution for resuming mining operations at the Mir deposit, three projects have been awarded the second and third places, but no outright winner was named.The second place was taken by two projects, one of which was presented by employees of Alrosa and the...Read More
(IDEX Online) - The Guangzhou Diamond Exchange (GZDE), together with senior rough diamond buyers, opened its first Generic Public Course on Rough Diamonds at the end of March. Rough diamonds are unfamiliar to most mainland Chinese companies, the GZDE said. The course includes theory, sharing trading experience, visiting factories, and viewing goods. It attracted diamond industry pla...Read More