Westhaven Ventures Inc. (TSX-V:WHN) (WKN:A2AP3Q) is pleased to announce that it has been assigned the Legal Entity Identifier ("LEI") number 2549006LQ1TAHZLTOF64.Read full newsRead More
Mining Capital's Alastair Ford says after nearly touching the US$1400 an ounce barrier, gold's bumping along at monthly lows.''It's back down now closer to US$1300 an ounce after a couple of weeks of unexpected volatility in the markets.''For investors looking for exposure to gold, Ford mentions a couple of examples including Caledonia Mining Corporation PLC (LON:CMCL,TSX:CAL) and Anglo Asian Mini...Read More
Russia is on track to overtake South Africa as the world's largest platinum producer after its two mining giants Norislk Nickel and Russian Platinum this week announced that they are to invest $4.4bn in a joint venture to develop some of the richest known precious metals deposits on Siberia's Taimyr Peninsula. The deposits contain proven ore reserves ...Read full newsRead More
Flying Brands Limited (LON:FBDU) saw its shares lift off in afternoon trading, gaining 16.7% at 5.25p after the medical services and software company confirmed that it is in advanced negotiations in respect of an acquisition of a North American medical imaging software and analytics company.The AIM listed firm said the acquisition target owns FDA approved medical imaging software using artificial...Read More
Alex Lightman, chief executive at TokenCommunities Plc, caught up with Proactive to discuss Forbes' first ever cryptocurrency rich list.In the top spot is Ripple co-founder Chris Larsen with an estimated crypto net worth of US$7.5-8bln.The list is made up of 19 people - all of them have an estimated net worth of more than $350 million. Meet Medusa Mining, Cora Gold, Group Eleven Resources Lt...Read More
Proactive Investors oil and gas correspondent Jamie Ashcroft reports on Sound Energy PLC's (LON:SOU) plans for a three-well Morocco drill programme.The programme will address three independent and 'high potential' targets.Drilling of the first well, TE-9, is slated to kick off in July. Meet Medusa Mining, Cora Gold, Group Eleven Resources Ltd. and Harvest Minerals Ltd. at our event, London,...Read More
Dorian Gonsalves, chief executive of Belvoir Lettings PLC (LON:BLV) tells Proactive's Andrew Scott they traded in line with expectations in 2017.The full-year results will be released on April 10 but in a pre-close trading update, the group revealed it performed well throughout the year reflecting the continued underlying organic growth in franchise management service fee income, a record number o...Read More
A former millwright with Copper Mountain Mining Corp. (TSX:CMMC) is suing the company for wrongful dismissal, claiming he and others labelled "union sympathizers" were harassed and bullied in a "highly poisonous work environment."Plaintiff Gordon MacMillan filed a notice of civil claim in BC Supreme Court on January 19. He claims he was constructively dismissed in November 2017 after six years wit...Read More
CAPE TOWN, Feb 8 (Reuters) - Mining is a long-term game, but in southern Africa dramatic political changes have transformed the investment mood for the better in the space of a year.Angola's Jose Eduardo dos Santos and Zimbabwe's Robert Mugabe stepped down in 2017 after a combined 75 years in office, while the election of Cyril Ramaphosa as head of South Africa's ruling ANC heralds the looming end...Read More
(Bloomberg) - Endeavour Mining Corp. one of the fastest-growing gold producers in Africa, says bigger isn't always better."One of the reasons the majors have failed over the years is they've built such large corporate teams that the decision-making processes within those organizations is so slow," Chief Executive Officer Sebastien De Montessus said in an interview in Cape Town. "Being able to rem...Read More
BOGOTA, Feb 8 (Reuters) - The largest union at Colombia's top coal mine Cerrejon has reached an 11th-hour salary and benefits deal with the company, avoiding a strike, the union said on Thursday.Cerrejon accounts for 37 percent of Colombia's coal output, the world's fifth-largest exporter of the mineral, and a strike likely would have affected exports.The two sides had returned to talks after a la...Read More
BOGOTA, Feb 8 (Reuters) - The largest union at Colombia's top coal mine Cerrejon has reached an 11th-hour salary and benefits deal with the company, avoiding a strike, the union said on Thursday.Cerrejon accounts for 37 percent of Colombia's coal output, the world's fifth-largest exporter of the mineral, and a strike likely would have affected exports.The two sides had returned to talks after a la...Read More
Feb 8 (Reuters) - Russian gold miner Petropavlovsk named Roman Deniskin as its chief executive on Thursday, following the resignation last year of its long-time CEO and co-founder.The appointment comes less than a month after Kazakh businessman Kenges Rakishev, who owns a 22 percent stake in Petropavlovsk, told Reuters that he wanted to bring back co-founder Pavel Maslovskiy as CEO.Maslovskiy resi...Read More
NEW YORK, Feb 8 (Reuters) - Two more managing directors left Goldman Sachs Group Inc last week, a company spokeswoman said, adding to a string of departures by key commodities traders after the Wall Street firm reported a sharp drop in 2017 trading revenue.Reuters reported last month that several traders, including Don Casturo, operating chief of global commodities, left Goldman Sachs as the firm...Read More
JOHANNESBURG, Feb 8 (Reuters) - South Africa's Gold Fields said on Thursday it expects full-year profit to fall as much as 12 percent due to impairments and increased amortisation cost at its mines.The bullion miner flagged headline earnings per share - the main gauge of profit in South Africa - of $0.23 to $0.26 per share for the year ended Dec. 31, 2017, or between unchanged and up to 12 percent...Read More
JAKARTA, Feb 8 (Reuters) - Buyers of Indonesian coal are holding back orders of the fuel after the government issued new shipping rules for coal and crude palm oil that would restrict exports to Indonesian vessels, an industry association said on Thursday.Jakarta issued rules in October requiring coal and palm oil exporters to use Indonesian-flagged vessels and Indonesian insurance companies, to b...Read More
Shares in Vedanta, the London-listed natural resources company controlled by one of India's richest men, fell as much as 5.5% on Thursday on the news that the Indian Supreme Court had cancelled all the 88 existing iron ore mining licences in Goa.According to the ruling, the process of renewing the cancelled permits in 2015 was against the law. As a consequence, the country's top court said that no...Read More
Mr. John Burzynski reports OSISKO MINING PROVIDES QUEBEC EXPLORATION UPDATE Osisko Mining Inc. has provided an update on the progress of exploration at its 100-per-cent-owned Windfall Lake, Urban Barry and Quevillon gold projects located in the Abitibi greenstone belt, Eeyou Istchee James Bay, Quebec.Osisko has been conducting new exploration and definition drilling at Windfall for 26 months, sinc...Read More
Mr. Vishal Gupta reportsCALIFORNIA GOLD ANNOUNCES POSITIVE FIRST ASSAYS FROM RESOURCE DRILLING AT QUEEN SPECIMEN ZONE - INTERSECTS 30.2 M OF 1.21 G/T AU, INCLUDING 9.3 M OF 2.37 G/T AU AT ITS FREMONT GOLD PROJECT**California Gold Mining Inc. has released the first set of assay results from the recently commenced resource drilling program at the Queen Specimen zone at its flagship Fremont project i...Read More
Canadian billionaire Robert Friedland, founder and executive chairman of Ivanhoe Mines (TSX:IVN), has joined the debate over the Democratic Republic of Congo's imminent hike to mining taxes by saying his company would pay higher royalties and taxes, but only if that money benefits locals.The Vancouver-based company, which is developing the Kamoa-Kakula copper deposit in the Central African nation...Read More