Commodities

Coro Energy's Bezzecca field 'unlikely' to contribute this year
International gas explorer Coro Energy announced on Thursday that its Bezzecca gas field in Milan is "unlikely" to provide a material contribution during the year.

Bluejay Mining engaged in off-take discussions for 'world class asset'
Bluejay Mining is currently engaged in discussions with several parties for offtake agreements and has "strong confidence" that its product will be very popular, according to the company’s year-end results.

Arc Minerals scoops former Rio Tinto bigwig for director role
Arc Minerals announced on Thursday that Rio Tinto’s former head of African, South American and European mining operations, Don Bailey, has been appointed as a director at Arc effective 1 June.

TomCo Energy's investee secures contractor for Utah project
TomCo Energy announced on Thursday that its investee company TurboShale is engaging Himes Drilling Company Inc (HDCI) as its drilling contractor for the company’s upcoming field test programme.

Xtract Resources narrows loss after reporting first revenues
Metals and minerals producer Xtract Resources announced on Wednesday that it has seen its loss narrow after the company cut expenses and carried out its first gold sale in 2017.

Vast Resources closes in on right to mine at Romanian project
Mining and resource development firm Vast Resources announced on Wednesday that it has taken steps to gain the right to mine at the Baita Plai Polymetallic Mine in Romania.

Commodities: US dollar strength, trade news weighs on complex
Commodities were pushed lower across the board as the US dollar spot index moved towards its loftiest levels since July on the back of the political deadlock in Italy.

Cadence Minerals' profits charged by electric vehicle demand
Resource investment firm Cadence Minerals announced on Friday that its annual profit for the year leading up to 31 March almost doubled after the company managed to cut finance costs.

Thor lauds inclusion of tungsten on list of critical minerals
Exploration and development company Thor Mining welcomed the inclusion of tungsten on the US department of the interior’s list of critical minerals.

San Leon appoints seasoned geologist Bill Higgs as non-executive director
Oil and gas development and appraisal firm San Leon Energy announced on Thursday that it has appointed Bill Higgs as non-executive director of the company with immediate effect.

Ironridge Resources installs new non-executive chairman
Mineral exploration firm Ironridge Resources announced on Thursday that Neil Herbert has been appointed as non-executive chairman with immediate effect.

Commodities: Agriculture futures jump back on trade deal hopes
Agriculture futures were again seeing strong gains on Wednesday, ignoring upwards pressure on the US dollar, as is often the case.

Faroe Petroleum commits to new North Sea exploration well
Independent oil and gas company Faroe Petroleum announced on Wednesday that it has committed to drill its 50%-owned Brasse East exploration well with joint-venture partner Point Resources.

US crude oil inventories jump over latest week, DoE says
US crude oil and product stockpiles jumped last week, on the back of a jump in net imports.

SDX Energy abandons latest well after non-commercial find
North Africa-focused oil and gas firm SDX Energy announced on Tuesday that it has encountered sands of low gas saturation that are not deemed to be commercial at its Kelvin-1X exploration well.

Commodities: WTI futures jump on risk of new Iran sanctions, soybeans gain on China deal
Commodities clocked in with solid gains at the start of the week, despite strength in the US dollar, amid the risk of historic sanctions against Tehran.

Greatland Gold shares boosted by mineralisation identification at Black Hills
Precious and base metals exploration firm Greatland Gold on Monday announced that it has identified four distinct zones of gold mineralisation at its wholly owned Black Hills licence in Western Australia.

US and China agree framework to reduce trade tensions
The US administration set aside its threat of tariffs on Chinese goods for the moment, following two days of negotiations with Beijing, after China proposed a "significant increase" in its purchases of US-made goods.

Commodities: Dollar strength weighs on WTI and copper, but wheat jumps back
Losses in the energy space and among base metals was offset by strong gains in agricultural commodities at the end of the week.

Echo Energy makes gas discovery on Argentine asset
Oil and gas company Echo Energy announced on Friday that it has made a gas discovery at the ELM-1004 exploration well at the company's onshore Fracción C asset in Argentina.