With the Fed expected to raise rates again next month after already raising them twice this year, Guggenheim Partners’ investment chief Scott Minerd has warned the central bank is at risk of pushing the US into recession. Having slowly begun increasing rates in late 2015 after six years of historic lows, the Fed has increased…
Rare earth elements firm Mkango Resources (LSE:MKA) shot up 10.3pc to 9.1p this morning after revealing across-the-board success in the first wave of test drilling at its Songwe project in Malawi. The first eight holes of its targeted 10,000m diamond drilling programme at the project all intersected rare earth mineralisation. The firm said that intersections of…
This morning saw Crusader Resources (LSE:CAS) announce that it has discovered an opportunity to reduce capex costs at its flagship Borborema Gold Project in Brazil, leading shares to sit at 1.65p in afternoon trading. As part of an ongoing bankable feasibility study (BFS), Orway Mineral Consultants (OMC) found that the 2Mtpa project’s ore is amenable to…
Premier Oil (LSE:PMO) edged up 1.2pc to 116.6p today after receiving permission to develop the Tolmount Main gas field, which it has called one of the largest undeveloped gas discoveries in the Southern North Sea. Premier, which is operator and 50pc owner of the project, received the permission from its joint venture and infrastructure partners, and…
Last week saw South America-focused oil and gas firm Amerisur Resources (LSE:AMER) rise after announcing progress at its key Platanillo block in Columbia. After finding that a severe degradation of the cement sheath at its Platanillo-22 workover was holding back production, the firm said it successfully carried out a cement squeeze operation to recover the well. It…
Today, Stratex International (LSE:STI) provided a company update and releases its interim results for the six-month period ended 30 June 2018. We interviewed CEO Tim Livesey where he outlined his vision for the company, and this morning’s update details further progress and board changes. Livesey, alongside CFO Bob Smeeton is refocusing the Group’s activities on early-stage…