Market Pulse - Commodities
UN report says North Korea aided Syrian chemical weapons projects
A leaked report from the UN sanctions panel says North Korea sent Syria missile specialists and over 40 items used in ballistic missile and chemical weapons programmes between 2012 and 2017.
Ironveld shares boosted as company tunnels closer to production
Ironveld announced the Department of Water Affairs' successful statutory inspection of its project at the Bushveld Complex in South Africa on Wednesday.
Scotgold receives approval for Cononish mine from national park authorites
Grampian Highlands-focussed gold miner Scotgold Resources has received unanimous approval from the Loch Lomond and Trossachs National Park Authorities of its development application for the Cononish Goldmine.
Borders & Southern shares skyrocket following estimated resource increase
Borders & Southern Petroleum's share price exploded on Wednesday, rising over 40% after the company announced a substantial increase in estimated resource at its Darwin East and West projects.
Altona Energy renews South Australian licenses via local joint-venture
Australia-focused coal company Altona Energy told investors on Tuesday that its joint-venture company, Arckaringa Coal Chemical, had been granted a renewal for its three exploration licences on the Westfield, Wintinna and Murloocoppie tenements.
Nostra Terra shares climb 15% as company achieves cash flow positivity
Oil and Gas exploration and production firm Nostra Terra’s share prices leapt over 15% on Tuesday as the company announced it turned cash flow positive in February.
RBC upgrades BP to 'outperform' on 'underappreciated' downstream dynamics
Analysts at RBC Capital Markets took a look at oil and gas giant BP on Monday morning, saying they believed its cash flow framework would improve in 2018 as a result of a growing upstream base and favourable dynamics in the downstream, the latter of which it felt "may be underappreciated by the market".
Pathfinder shares plummet as Mozambique licence dispute tunnels onward
Pathfinder Minerals' share prices fell dramatically on Monday after the company gave an update on its dispute over the ownership of mining licences in Mozambique.
Liquid natural gas to face supply shortage by mid-2020s - Shell
The global liquefied natural gas market has continued to defy expectations, according to Shell’s annual LNG outlook, which showed demand growing 11% to 293m tonnes last year.
Conroy strikes gold and sees share prices sparkle
Conroy Gold and Natural Resources announced on Monday that it has discovered "an extensive gold zone" at its wholly owned Clontibret gold deposit in the North of Ireland.
Chinese steel futures surge on report of output curbs
China's top steel-making hub, the city of Tangshan, is set to propose new curbs on output in a bid to reduce pollution once the current measures in place expired in March, Reuters reported citing a draft document.
Condor Gold shares flying high as mine application progresses
Condor Gold’s shares leaped higher on Monday morning after the company progressed with an application to construct and operate a gold processing plant in Nicaragua.
SeaBird shares soar after doubling quarterly revenues
Shares in seismic data provider SeaBird skyrocketed on Friday after the firm announced that revenues in the three months leading to 31 December had come in at more than twice those recorded during the previous quarter.
Commodities: DoE data boosts WTI futures, net oil imports lowest since 1992
Energy futures climbed on Thursday following the release of data showing a large drawdown in US stockpiles, which helped to buoy the entire complex.
Maduro claims $735m raised by sale of new Venezuelan cryptocurrency
Venezuelan President Nicolas Maduro used his Twitter account on Tuesday to announce that the country has made $735m from the sale of its new cryptocurrency on the first day.
Pacific nations push ahead with TPP, final version of trade deal released
A deal to cut trade barriers in some of Asia-Pacific’s most advanced economies took a big step forward on Wednesday with the release of its final version.
Patagonia Gold ups full-year guidance to reflect improved monthly production
South America-focused mining company Patagonia Gold told investors on Wednesday that total output for its most recent trading year hit 26,005 ounces of gold equivalent, helped by a continued monthly production ramp-up at its Cap Oeste project.
SDX Energy well yields uncommercial gas reservoir
SDX Energy announced on Wednesday that its Moroccan KSS-2 well drilling project has been unsuccessful, after its gas reserves were not deemed to be commercial.
Tlou Energy share prices soar over 35% following material upgrade
Tlou Energy’s share prices jumped over 35% on Tuesday after it announced that its 2P and 3P coal bed methane (CBM) reserves have seen a material upgrade following assessment.
Thor Mining hammers home advantage after tungsten deemed "critical" by US
Thor Mining announced on Tuesday that it plans to accelerate development of its Nevada-based tungsten mining project after the commodity was deemed "critical" by a US government agency.