Market Pulse - Commodities
Bitcoin hits record after CME unveils plans for futures contract
Bitcoin prices set a fresh record higher after the Chicago Mercantile Exchange unveiled plans to launch futures on the crypto-currency before the year was out.
Independent Oil and Gas submits Field Development Plan for Vulcan satellites hub development
Independent Oil and Gas has submitted the Field Development Plan for the Vulcan satellites hub development to the UK oil and Gas Authority, it announced on Tuesday.
Barclays reiterates 'overweight' on BP, Royal Dutch Shell
Analysts at Barclays expect that shares of the European oil majors will re-rate as more evidence emerges going into year-end and the start of 2018 that the oil industry has 're-set' in order to be able operate in a $50 a barrel of oil environment.
Official China PMI slows in October amid environmental crackdown
China's economy slowed down in October, according to the results of two 'official' surveys.
Fura Gems buys Emporium HS S.A.S. subsidiary
New gemstone mining and marketing company Fura Gems has entered into a share purchase agreement with Emporium HS S. A. S. for a majority stake interest in Esmeracol, the owner of the Coscuez emerald mine, it emerged on Monday.
Saudi Aramco overseas IPO only one 'option', finance minister says
Saudi Aramco’s initial public offering may not be happening after all, following comments by state finance minister Mohammed Al-Jadaan in which he said the flotation was only one ‘option’.
Karelian Diamond Resources granted diamond exploration permit in Finland
Karelian Diamond Resources was granted a diamond exploration permit in the Kuhmo region of Finland by The Finnish Mining Authority, the company announced on Friday.
Amerisur Resources announces completion of drilling with indications of oil column at Plantanillo-25
Oil and gas producer Amerisur Resources said Thursday the Plantanillo-25 well in Colombia has been successfully drilled with introductory data indicating the presence of an oil column in the U sand formation of the well.
Anglo American posts higher copper and diamond output
Anglo American posted increased output of copper and diamonds for the latest three-month stretch, albeit alongside declines in production of iron ore, thermal coal and nickel.
Serabi Gold Brazilian based operations ramp up gold production in third quarter
Serabi Gold's Palito/Sao Chico high grade gold operation, located in the Tapajos region of Para State, Northern Brazil, ramped up gold production, with an estimated 9,657 ounces of gold reportedly produced in the third quarter, the company announced on Monday.
Gulf Keystone production, exports not impacted by fighting
Gulf Keystone Petroleum, an independent operator and producer in the Kurdistan Region of Iraq, confirmed on Friday that operations continued safely and securely despite political instability in the surrounding region, with average production of 34,525 barrels of oil equivalent per day from the Shaikan oil field since the start of October.
Jersey Oil to raise £20m via accelerated bookbuild
Jersey Oil & Gas announced on Friday its intention to raise fresh capital via a discounted share offering to fund the company's Verbier appraisal programme and Cortina exploration drilling.
Investec says Rio Tinto is preferred pick among diversified miners
Analysts at Investec reiterated their "preference" for shares of Rio Tinto among the diversified majors, despite the miner's "mixed" third quarter results.
Connemara acquires 100% of Hendrick Resources
Exploration company Connemara, with principal assets in gold and zinc exploration licences across Ireland, announced the acquisition of 100% of Hendrick Resources, a private Ontario-based company formed for the purpose of acquiring properties in Ireland.
Iraqi troops move to retake Kirkuk from Kurdish control
Iraq has taken control of key areas of the disputed city of Kirkuk, seizing the international airport, a key oil field and a military base in what is an oil-rich area bordering the Kurdistan Region.
Shell African licensee Vivo Energy mulls IPO
One of Royal Dutch Shell's major licensees in Africa is mulling a public listing that could value the firm at over $3bn (£2. 27bn).
Chinese CPI weakens in September, but factory gate inflation quickens
Price pressures in China abated last month at the consumer level, even as factory gate prices jumped, as food price deflation intensified.
Vedanta Resources & Konkola Copper Mine lose appeal against English Court
FTSE 250 firm Vedanta Resources posted an announcement on Friday informing that the English Court of Appeal had dismissed it and Konkola Copper Mine's (KCM) appeal against the English court, concerning the court's jurisdiction to hear and adjudicate claims by Zambian residents regarding KCM's operations in Zambia.
Ashanti Gold identifies "broader" and "new" mineralised zones in Ghana- Goldplat
Gold exploration and development company Ashanti Gold Corp has identified "broader" and "new" mineralised zones at Goldplat's Anumso Gold Project in Ghana, according to Goldplat.
Taurus Funds Management sells stake in Base Resources
Mineral sands producer Base Resources, focused on the Kwale Mineral sands operations in Kenya, East Africa, was informed by Taurus Funds Management that it had ceased to be a significant shareholder of the company.