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Tag: Commodities

Oil prices fall as market awaits Trump decision on Iran

Oil prices eased slightly on Tuesday, a day after hitting three-year highs, as investors braced for President Donald Trump’s decision on whether to withdraw the United States from the Iran nuclear deal. Asian shares picked up, helped by technology stocks as generally upbeat earnings overcame weakness in the global smartphone market and concerns about more […]

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Conroy Gold discovers another gold zone at Monaghan site

Irish exploration company Conroy Gold and Natural Resources has discovered another gold zone at its Clontibret, Monaghan, site. The ongoing drilling at Conroy’s site comes as a result of a drilling programme announced in February. This is the second find of an “extensive gold zone” as Conroy identified success in an area south of the […]

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Galantas Gold records €1.28m losses

Galantas Gold, the Canadian group that wants to develop a controversial gold mine in Tyrone, has reported net losses of more than two million Canadian dollars (€1.28 million) for 2017. Latest end of year results for the Toronto and AIM listed gold developer show it had a cash balance of 779,758 Canadian dollars on its […]

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Aluminium touches 6 year high on force majeure threats

Aluminium prices touched a new six-year high on Monday as the dollar fell and after Rio Tinto said on Friday it would declare force majeure on some of its customer contracts following US sanctions on its partner Rusal. Benchmark aluminium on the London Metal Exchange rose 2.7 per cent to $2,347 per tonne in official […]

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Kenmare Resources endures production disruptions, maintains guidance

Titanium and zircon producer Kenmare Resources reported a spate of production disruptions but maintained full year guidance in a first quarter update on Wednesday. The north-Mozambique focused miner recorded a dip in heavy mineral concentrate production due to scheduled maintenance as well as unplanned stoppages as ilmenite and zircon production also dropped. Despite first quarter […]

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Cautious optimism on market balance keeps oil above $63

Oil held above $63 a barrel on cautious optimism that the market will re-balance as Opec production falls, while investors keep a wary eye on US supplies. Futures in New York slipped 0.4 per cent after climbing 0.8 per cent on Tuesday. Output from the Organization of Petroleum Exporting Countries dropped to the lowest in […]

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Providence finds partner for Barryroe field

Oil and gas explorer Providence Resources has sold a 50 per cent stake in its Barryroe prospect off the south coast of Ireland to a Beijing-headquartered company which will finance half of the costs. The 50 per cent sale, known in the industry as a farm-out agreement, has been agreed with APEC, a privately owned […]

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Clare-based explorer advances plans for ‘major’ drilling scheme

An exploration company with prospecting licences for more than 32,000 hectares in Co Clare is advancing plans for a major drilling programme. Hannan Metals, listed in Toronto, is to begin drilling to test geological, seismic and soil targets on its zinc, lead and sliver prospect at a site near Ennis known as Kilbricken. The Kilbricken […]

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Clare-based explorer advances plans for ‘major’ drilling programme

A base metal exploration company with prospecting licenses for over 32,000 hectares in Co Clare is advancing plans for a major drilling programme. Hannan Metals, listed in Toronto, is to begin drilling to test geological, seismic and soil targets on its zinc, lead and sliver prospect at a site near Ennis known as Kilbricken. The […]

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Production increases at Premier Oil as group swings to $253m loss

Oil production at exploration company Premier Oil increased to 75 thousand barrels of oil equivalent per day last year as the company’s Catcher field in the North Sea produced oil in December. Despite positive production results the group fell to a loss-making position after tax of $243.8 million, down from a profit in 2016 of […]

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