Economic and Market News for 19 August 2020
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19 Aug
13:58Xtract signs mining contractor agreement with Longhau Tianci MiningMining 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...
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19 Aug
13:48Rockfire Resources extends mineralisation footprint at Australia gold prospectMetals 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...
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19 Aug
13:41Rurelec says unaware of reason for share-price rallyPower 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,...
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19 Aug
13:35UPDATE: Shares in UK miners with Mali operations slump after president resignsShares 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...
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19 Aug
09:59Greatland Gold kicks off drilling at Scallywag prospect in AustraliaMining 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....
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19 Aug
09:50IronRidge Resources drilling results confirm potential of Zaranou projectIronRidge 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...
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19 Aug
09:35Jangada Mines unveils resource estimate for Pitombeiras vanadium play in BrazilResources 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...
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19 Aug
09:22Oriole Resources says Turkish unit trading profitablyMining 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...
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19 Aug
09:16Kefi Gold and Copper unveils maiden resource estimated for Hawaih projectMining 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...
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19 Aug
09:04Biome Technologies wins order from US packaging clientBioplastics 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...
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19 Aug
08:59Dekel Agri-Vision to receive second equipment shipment for cashew projectAgriculture 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...
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19 Aug
08:52Europa Metals raises £2m for Toral project in SpainLead, 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...
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19 Aug
08:49Water Intelligence wins contract from US insurerLeak 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...
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19 Aug
08:45Shanta Gold seals acquisition of Barrick Gold assets in KenyaEast 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...
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19 Aug
08:12UK consumer price index up 1.0% in JulyThe 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
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19 Aug
07:59Resolute Mining monitoring developments in Mail after president resignsMining 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...
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19 Aug
07:56Verona Pharma initiates delayed clinical trial for COPD treatmentRespiratory 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...
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19 Aug
07:52Sensyne Health developing software application for diabetes sufferersClinical 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...
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19 Aug
07:48Plus500 agrees to sponsor Italian football club AtalantaOnline 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...
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19 Aug
07:38Randall & Quilter to acquire Inceptum Insurance CompanyInsurance 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...
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19 Aug
07:32Live Company inks contract for Animal Paradise Mini show in KoreaAttractions 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...
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19 Aug
07:29Quixant appoints Andrew Jarvis as interim CFOTechnology 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...
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19 Aug
07:16Sabre Insurance chairman Patrick Snowball stands down; replaced by Andy PomfretMotor 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...
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19 Aug
07:11Persimmon incoming chief Dean Finch to start earlier than expectedHouse builder Persimmon said incoming chief executive Dean Finch was expected to take up the position earlier than expected. Finch's appointment to the role had been announced on 24 June and...