By Emma Cox Russian titanium giant OAO VSMPO-AVISMA is looking to boost its yearly titanium output to 40,000 metric tons from just 30,000 tons by 2020, chief executive Mikhail Voevodin revealed on Wednesday. In a report on Bloomberg, Voevodin said the company “continues” to purchase ilmenite from Ukraine, which it is heavily dependent on, but…
By Emma Cox Despite dismal nickel prices as of late, there’s no stopping nickel exploration and development companies on all sides of the globe from pushing forward with their projects. Australian company Poseidon Nickel has announced that it has upgraded its indicated resources at its Lake Johnston project in Western Australia by 50 percent as…
By Amy McLellan More good news for backers of a trio of AIM-listed onshore drillers when the fourth zone tested at the Wressle-1 oil discovery in the East Midlands yielded oil, making it four out of four in this testing programme. Zone 3a, the lower interval in the Penistone Flags, flowed at a rate equivalent…
By Alastair Ford “It really is the culmination of many years work”, says Professor Richard Conroy, after news broke that Karelian Diamonds had identified a new kimberlite on its Finnish ground. The company is already well established, sitting as it does on top of the largest kimberlite body in Finland at Seitapera, in the…
By Martin Clark Lots of things are going on at Canadian-listed Africa Energy Corporation, which holds an equity interest in two frontier exploration blocks in Puntland, Somalia. The company – which has just changed its name from Horn Petroleum, but still remains a part of the Lundin family of companies – announced this week that…
By Amy McLellan AIM-listed Empyrean Energy, which in February terminated plans to put itself up for sale, has reported a surge in production from its Sugarloaf AMI Project in the prolific Eagle Ford Shale, Texas. Even as the oil price was sinking over the last three months of 2014, operator Marathon Oil was continuing to…
By Axel Blackrod Hong Kong is not exactly known for mines, or theatre for that matter, but the four-day Mines and Money conference on Hong Kong Harbour was the setting for a surprisingly theatrical show, in what has been a four year bear market for the miners. Inevitably the keynote opening event was…
By Our Man in Oz Minews. Good morning Australia, apart from gold your market looks to have had an awfully flat week. Oz. That’s a fair reaction if you look only at the indices. Cast your eyes a bit further and there was quite a bit of interesting activity on the market and…
By Eithne Treanor Signs of increased turmoil in the Middle East had the oil market on edge by mid-week. As Saudi Arabia and its Gulf Arab allies launched air strikes on Yemen, the oil price got a boost of more than 5 per cent. In early trading on Friday, the threat receded according to energy…
By Amy McLellan Xcite Energy has released its full year results, and it’s another year without its Bentley oilfield in the North Sea moving into development. The AIM-quoted company has 2P oil reserves of 257 million barrels plus 48 million barrels of contingent resources at Bentley but last year’s slump in the oil price meant…
