Commodities

Lucky Belgium. BP announced today that it plans to invest over $200 million to upgrade its purified terephthalic acid (PTA) plants at Cooper River, South Carolina and Geel, Belgium. The investments will position these assets amongst the most efficient PTA manufacturing facilities in the world. “This allows us to apply our latest proprietary technology and […]

Low Cost Acquisition of the Advanced Kerboulé Gold Project in Burkina Faso Alecto Minerals plc (AIM:ALO), the AIM quoted mineral exploration company focussed on West and East Africa, has expanded its portfolio of gold projects in West Africa by entering into an agreement with Kaizen Discovery Inc. for the acquisition, by way of all share […]

Four o’clock in the afternoon is a favorite time of the day for the executives of U.S.-listed companies to make major announcements. And when they do, they can generate a flurry of activity from the trading floor to the front page. Technically, there has been no major announcement from either Halliburton (NYSE:HAL) or Baker Hughes […]

Looks like they might be doing so. Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas exploration and development company with a combination of producing and exploration assets in Europe, is holding its Annual General Meeting later today. At the meeting, Chairman Bill Adamson said: “The drilling of the Wressle well in […]

Acquisition of Lanstead Holding in Company Paragon Diamonds Limited, the AIM quoted diamond development company in Lesotho, Africa, has announced that it has agreed to purchase, conditional on shareholder approval, 63,000,000 ordinary shares in the Company, representing 18.9% of Paragon’s entire issued share capital, from Lanstead Capital L.P. at a price of 3p per share […]

AIM-listed Central Rand Gold Ltd. (LSE:CRND) shares reached a 52-week high of 45.29 this morning. That is an increase of 466%. At its current price of 24.08, as at 4:00 p.m. UTC, it is still up by more than 200%, taking its market cap from £17.67 million to more than £35 million. The significant upthrust immediately followed […]

Drilling Update at Schonberg Project Noricum Gold Limited, the Austrian focused gold exploration and development company, has provided an update on drilling being undertaken at the 100% owned Schonberg Gold and Precious Metals Project, located in an historic copper mining zone in south-central Austria. Previous exploration has already identified up to eight veins along a […]

Gulf Resources, a manufacturer of bromine, crude salt and specialty chemical products in China, today announced its financial results for the third quarter ended September 30, 2014. Third Quarter 2014 Highlights: – Net revenue was $31.1 million, a year-over-year decrease of 6% – Gross profit was $9.2 million, a year-over-year decrease of 16% – Gross […]

BHP Billiton (LSE:BLT) apparently ascribes to the policy of “Don’t ask for permission. Ask for forgiveness.” Reasonble certain that their legal department has found a loophole in a long-standing ban on export of U.S. crude oil, the Anglo-Australian energy giant has set in process a plan to act without permission. That could be risky business. […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold is a weak market, and it is not advisable to seek long trades in this market, unless everything has gone completely bullish. The market dropped heavily last week, reaching as low as the demand level of 1161.20. There is a strong Bearish Confirmation Pattern in the market and the […]