Economic and Market News for 19 August 2020

Mining group Xtract Resources said Mozambican unit Explorator Limitada had concluded a mining contractor agreement with Longhau Tianci Mining. The agreement was for the exploitation of the Guy...

Metals explorer Rockfire Resources said it had extended the footprint of gold mineralisation at its Plateau deposit, which was part of the Lighthouse tenement in Queensland, Australia. Gold...

Power producer Rurelec said it knew of no reason for a recent jump in its share price. Rurelec shares had more than doubled in value in afternoon trading on Wednesday to 1.25p each. The company,...

Shares in mining companies with operations in Mali sank on Wednesday following the resignation of president Ibrahim Boubacar Keita and dissolution of the war-torn country's parliament. Resolute...

Mining group Greatland Gold said drilling had commenced at the Scallywag prospect area in the Paterson region of Western Australia state following receipt of relevant cultural heritage approvals....

IronRidge Resources reported mineralisation continuity from a second phase drilling programme at the Ebilassokro and Ehuasso targets within the Zaranou gold project area in Ivory Coast. The...

Resources company Jangada Mines reported an initial resource estimate for its Pitombeiras vanadium project in Brazil of 5.7m tonnes. The estimate was at an average grade of 0.51% vanadium...

Mining group Oriole Resources said Turkish subsidiary Stratex Madencilik Sanayi ve Ticaret had continued to trade profitably during 2020. Year-to-date cashflows from Turkish consultancy work were...

Mining company Kefi Gold and Copper said a maiden resource estimate for the Hawiah project in Saudi Arabia demonstrated its significant scale and quality. The project's inferred mineral resource...

Bioplastics developer Biome Technologies said it had received an order worth $550k from an existing client in the US packaging market. The order was the largest to date for Biome's heat-stable and...

Agriculture group Dekel Agri-Vision said it had been advised by manufacturer Oltremare that a second shipment of milling equipment for its cashew processing project at Tiebissou in Ivory Coast had...

Lead, zinc and silver miner Europa Metals said it had raised £2m from a share issue, to help fund a pre-feasibility study for the Toral project in Spain. New shares in the company were offered at...

Leak detection system provider Water Intelligence said it had won a contract from a US insurance company. Water Intelligence said it technology could minimize collateral damage claims from...

East Africa-focused gold producer Shanta Gold said it had completed the planned acquisition Barrick Gold projects in Kenya for $14.5m in cash and shares plus a royalty. The acquisition sum...

The UK consumer price index rose 1.0% in July, according to the Office for National Statistics. The market had been expecting a more modest rise of 0.6%. Story provided by StockMarketWire.com

Mining group Resolute Mining sad it was closely monitoring developments in Mali following the resignation of president Ibrahim Boubacar Keita. 'The resignation of the president, and the subsequent...

Respiratory diseases focused Verona Pharma said it had initiated the second part of a trial to evaluate an inhaler-based formulation of ensifentrine in patients with chronic obstructive pulmonary...

Clinical technology group Sensyne Health said it planned to developer a software application for people with diabetes. Its intended user population would cover all stages of the disease, including...

Online contracts for difference brokerage Plus500 said it had agreed to sponsor Italian football club Atalanta Bergamasca. Plus500 would become the Bergamo, Lombardy-based club's sole and...

Insurance investor Randall & Quilter Investment said it had agreed to acquire UK-based Inceptum Insurance Company, for an undisclosed sum. Inceptum was was placed into run-off in September...

Attractions group Live Company said it had signed a contract with partner Brick Live Lab in Korea for the brick and model-based show Animal Paradise Mini. The contract had been completed on a...

Technology provider to the gambling and broadcasting sectors Quixant said it had appointed Andrew Jarvis as its interim CFO. Jarvis was previously finance director of Mars Horsecare, a $60m...

Motor insurance provider Sabre Insurance said chairman Patrick Snowball was standing down and would be replaced by current senior director Andy Pomfret from the start of September. Snowball had...