Market Pulse - Commodities
SDX Energy reports oil discovery at Morocco Sebou permit
A gas discovery has been made at SDX Energy's KSR-14 development well on the Sebou permit in Morocco, in which the company has a 75% working interest.
Steppe Cement reports drop in year-to-date sales volumes
Steppe Cement announced a sharp rise in third quarter revenue growth on Wednesday despite a drop in sales volumes for the year-to-date.
Lithium demand predicted to soar even further
Lithium demand is set to soar further as China's plan to ban new petrol-powered vehicles has led to increased forecasts for alternatively fuelled vehicles in coming years.
Dalradian Resources raises funds for Curraghinalt at a premium
Dalradian Resources raised funds from two investors at a premium on Tuesday to finance the expansion of its Curraghinalt project in Northern Ireland.
Mytrah Energy discloses unauthorised loan to company chairman
Mytrah Energy, one of the largest players in the Indian renewable energy space, disclosed that an unapproved loan was extended to its chairman last month.
Beowulf appoints SRK Consulting for scoping study at Kallak
Mineral exploration and development company Beowulf has appointed SRK Consulting to conduct a scoping study on its Kallak magnetite iron ore project in Northern Sweden.
Commodities: Hurricane Nate not seen strengthening to Category 2, WTI drops
Weakness in the energy patch weighed on the entire commodities complex at the end of the week amid forecasts that hurricane Nate was unlikely to go beyond a category one storm.
Ortac announces encouraging drilling results at Akyanga
Ortac Resources announced "encouraging" initial results from the first two diamond core drill hole assays undertaken by part-owned Casa Mining at the Akyanga gold deposit, in the Democratic Republic of Congo.
Saudi Aramco IPO remains on track for 2018
Saudi Aramco still plans to make a stock market debut next year, its chief executive confirmed on Thursday.
Drilling at Metal Tiger's Botswana asset intersects new copper zones
Equity investment group Metal Tiger said on Tuesday that drilling at its joint-venture with MOD Resources in Botswana had intersected multiple new zones containing visible copper mineralisation about 300 metres northeast of the main site.
Premier African Minerals raises £3.5m in discounted share offer
AIM-traded multi-commodity mining and resource development company Premier African Minerals saw "strong" demand at the weekend for its newly issued shares from both private and institutional investors.
Barclays reiterates overweight stance on BP and Shell
Analysts at Barclays reiterated their 'overweight' recommendation for shares of BP and Royal Dutch Shell (target price: 2,750p), telling clients that the pair's cash break-even levels were set to fall further.