Market Pulse - Commodities
BHP Billiton puts US shale assets on the block
BHP Billiton gave into pressure from shareholders, putting its US onshore oil assets on the block and deferring plans to move forward in potash.
Empyrean Energy confirms four new gas zones at Dempsey 1-15
Empyrean Energy confirmed the existence of four gas zones in the shallower parts of its Dempsey 1-15 well in Sacramento, California which the company believes will provide enough cash-flow to at least cover the costs of the well, as they had hoped for.
Sylvania Platinum exceeds full-year output forecast, boosting cash position
Sylvania Platinum posted sharp increases in both top and bottom-line growth as output from its Sylvania Dump Operations reached a fourth consecutive annual record.
Shanta Gold delivers termination notice to Helio Resource
Shanta Gold, has delivered notice to Helio Resource Corp of its termination of the arrangement agreement dated as of 19 June 2017.
Herencia Resources finishes review of core copper mineral prospects
Herencia Resources said a new comprehensive geological review of the company's core copper mineral prospects pointed to greater potential for those assets.
VAT halted on mining imports to Congo
After reinstating a value-added tax (VAT) on imports by mining companies in mid-2016, The Democratic Republic of Congo has again suspended the duty.
Commodities: Latest FOMC minutes reignite buying in gold
Wednesday saw a weaker dollar on the back of the latest release from the FOMC (Federal Open Market Committee), after members dampened any rate hike expectations for this year, as "many" rate-setters see sub 2% inflation persisting longer than expected.
Armadale sees greater potential for Mahenge Liandu after first round of drilling
The results of the first round of drilling at its Mahenge Liandu licence in Tanzania led Armadale Capital to believe there were more and better resources in place than initially thought.
Kaz Minerals's revenues boosted as growth projects come on-line
Kaz Minerals saw revenues more than double in the first half of the year as its two main mines at Aktogay and Bozshakol came onstream amid higher commodity prices.
Shell completes sale of stake in SADAF
Shell announced on Wednesday that it had completed the sale of its 50% share in SADAF, the company's joint venture with SABIC, following regulatory approval from the kingdom of Saudi Arabia.
Bezant Resources aims for profits from Colombia licence in 3 months
Bezant Resources announced on Wednesday the start of commercial production from its FKJ-083 licence in the Choco province of Western Colombia and said it was expecting to reach operational profitability in the next three months.
Credit Suisse reiterates outperform for Weir and Hunting after DoE data
Analysts at Credit Suisse reiterated their 'outperform' recommendations on shares of Weir and Hunting on the back of the latest "solid" official US data on well completions.
Harvest Minerals says KPfertil test results exceed expectations
Harvest Minerals said test results for its natural fertiliser product, KPfertil, had exceeded the board's expectations, confirming the potential for it to replace more expensive competitors and to become a staple product in the Minas Gerais agricultural belt in Brazil.
Investec sees risk Petra Diamonds might be forced to raise fresh equity
Investec took an axe to its target price for PetraDiamonds, telling clients the possibility existed the outfit might be forced to go cap in hand to shareholders.
WTI futures advance after API reports 9.16m barrel stockdraw
Crude oil futures advanced following the release of the latest weekly estimate of US inventories from a private industry group.
Rockhopper Exploration updates on Egypt concession
Oil and gas company, Rockhopper Exploration announced its Abu Sennan drilling concession in Egypt had maintained a stable level of production, averaging 3,300 barrel of oil equivalent per day over the first six months of the year.
BP starts up another two major upstream projects
BP confirmed today the start up of another two of the seven upstream major projects which are planned to come on-line in 2017, Juniper in Trinidad and Persephone in Australia.
BP begins production from Juniper on schedule and under budget
BP Trinidad and Tobago reported first gas from the Juniper development, its first subsea field development in Trinidad, on-schedule and under budget.
Sirius Petroleum signs $10m offtake agreement with BP subsidiary
Sirius Petroleum has entered into a $10m revolving pre-payment facility and commercial offtake agreement relating to sales of crude oil from its Ororo field with BP subsidiary, BP Oil International.
Glencore looks to purchase Pacific Aluminium from Rio Tinto
American firm Century Aluminium and Glencore have been linked to the purchase of Rio Tinto's Pacific Aluminium business, which according to a current listing at Deutsche Bank, could go for as much as $1bn.