Commodities

Rio Tinto scrambles to adapt after US sanctions hit partner Rusal
Global mining group Rio Tinto said on Friday that it is reviewing arrangements with Russian companies impacted by US sanctions.

ECR Minerals announces imminent drilling plan after striking gold
ECR Minerals announced on Friday that geochemical results and geological observations at the Bung Bong gold prospect have indicated several potential targets for high volume gold mineralisation.

Greatland Gold to unlock 'true potential' at Tasmania exploration project
Resource explorer and developer Greatland Gold announced on Wednesday that it will engage in a new exploration programme with a target of 1m ounces of gold at the Firetower project in Tasmania.

Mosman Oil and Gas loans GEM A$100,000 to aid 'revitalisation'
Shares in Mosman Oil and Gas took a hit on Wednesday after the company admitted it has provided a loan to its partially owned subsidiary Gem International Resources (GEM) due to its "poor financial position".

Commodities: Brent, WTI futures jump as DoE forecasts higher prices
Commodities were on a tear on Tuesday as trade war concerns ebbed and the US Department of Energy bumped up its short-term forecasts for Brent and West Texas Intermediate.

BP commits to two new North Sea developments worth £420m
BP has committed to two new North Sea developments at an estimated cost to the oil major of £420m with peak production seen reaching 30,000 barrels gross of oil equivalent per day.

Salt Lake Potash paves way for Mitsubishi offtake agreement
Mineral explorer Salt Lake Potash has signed a memorandum of understanding with Mitsubishi for the first formal sulphate-of-potash offtake agreement concerning its Goldfields Salt Lakes project.

Union Jack Oil struck by 'frustrating' planning permission delays
Planned developments have hit a snag at Union Jack Oil’s partially-owned North Kelsey Prospect after a planning application for a new well was deferred.

Commodities: Trade concerns, weak data weigh on complex
Commodities finished the week on the back foot amid continuing trade tensions with China and on the heels of a weaker-than-expected reading on the US jobs market for March.

Commodities: Gains for grains offset by reversal in WTI futures on Genscape data
Commodities as a whole pushed higher on Thursday, buoyed by large across-the-board gains for agriculture futures.

Credit Suisse prefers UK energy names, starts Global Energy at 'overweight'
Credit Suisse has started coverage of the Global Energy sector at 'overweight', arguing that forward prices are set to rise and pointing to cheap valuations as the main arguments in favour of their view.

WTI futures pare losses after weekly DoE inventory report
Crude oil futures are paring earlier losses on the back of a larger-than-expected drop in US oil and product stockpiles.

RBC upgrades Glencore, BHP on outlook for metals and mining
Stay the course through light turbulence for base metals and bulk commodities, RBC Capital Markets urged as its analysts upgraded ratings on Glencore and BHP Billiton.

Commodities: Volatility in wheat, Chinese steel rebar
Commodities were rebounding on Tuesday as stocks managed to find a small bid following the previous day's thrashing, albeit amid sharp moves in some segments, such as agriculture.

Kibo Mining makes power plant acquisition and welcomes new board member
Africa focused resource developer and explorer Kibo Mining announced on Tuesday that it has acquired an 85% interest in the Mabasekwa Coal Independent Power Project (MCIPP).