MARKET PULSE - COMMODITIES
08:30
Kaz Minerals's revenues boosted as growth projects come on-line
anglo glencore collahuasi copper

Kaz Minerals saw revenues more than double in the first half of the year as its two main mines at Aktogay and Bozshakol came onstream amid higher commodity prices.

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16 Aug
Shell completes sale of stake in SADAF
VidaCaixa 3

Shell announced on Wednesday that it had completed the sale of its 50% share in SADAF, the company's joint venture with SABIC, following regulatory approval from the kingdom of Saudi Arabia.

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16 Aug
Bezant Resources aims for profits from Colombia licence in 3 months
sirius potash polyhalite

Bezant Resources announced on Wednesday the start of commercial production from its FKJ-083 licence in the Choco province of Western Colombia and said it was expecting to reach operational profitability in the next three months.

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16 Aug
Credit Suisse reiterates outperform for Weir and Hunting after DoE data
Weir Group, oil & gas services

Analysts at Credit Suisse reiterated their 'outperform' recommendations on shares of Weir and Hunting on the back of the latest "solid" official US data on well completions.

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16 Aug
Harvest Minerals says KPfertil test results exceed expectations
croda, chemicals

Harvest Minerals said test results for its natural fertiliser product, KPfertil, had exceeded the board's expectations, confirming the potential for it to replace more expensive competitors and to become a staple product in the Minas Gerais agricultural belt in Brazil.

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16 Aug
Investec sees risk Petra Diamonds might be forced to raise fresh equity
Diamond

Investec took an axe to its target price for PetraDiamonds, telling clients the possibility existed the outfit might be forced to go cap in hand to shareholders.

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16 Aug
WTI futures advance after API reports 9.16m barrel stockdraw
BP, oil, gas

Crude oil futures advanced following the release of the latest weekly estimate of US inventories from a private industry group.

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15 Aug
Rockhopper Exploration updates on Egypt concession
Oil rig in Algeria, oil & gas, energy

Oil and gas company, Rockhopper Exploration announced its Abu Sennan drilling concession in Egypt had maintained a stable level of production, averaging 3,300 barrel of oil equivalent per day over the first six months of the year.

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14 Aug
BP starts up another two major upstream projects
BP Mad Dog oil rig, Gulf of Mexico

BP confirmed today the start up of another two of the seven upstream major projects which are planned to come on-line in 2017, Juniper in Trinidad and Persephone in Australia.

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14 Aug
BP begins production from Juniper on schedule and under budget
BP, oil, gas

BP Trinidad and Tobago reported first gas from the Juniper development, its first subsea field development in Trinidad, on-schedule and under budget.

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14 Aug
Sirius Petroleum signs $10m offtake agreement with BP subsidiary
british-petroleum

Sirius Petroleum has entered into a $10m revolving pre-payment facility and commercial offtake agreement relating to sales of crude oil from its Ororo field with BP subsidiary, BP Oil International.

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14 Aug
Glencore looks to purchase Pacific Aluminium from Rio Tinto
rio tinto

American firm Century Aluminium and Glencore have been linked to the purchase of Rio Tinto's Pacific Aluminium business, which according to a current listing at Deutsche Bank, could go for as much as $1bn.

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11 Aug
New York favoured option for foreign listing of Saudi Aramco
aramco-valorise-autour-de-1-000-1-500-milliards-de-dollars

New York is likely to be the favoured option for the foreign listing of the state oil giant Saudi Aramco, not London or Hong Kong.

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11 Aug
OPEC oil output compliance slipping, IEA warns
crude oil 200116

World oil demand is growing more strongly than previously thought, but revisions to past data for demand from developing economies means the excess oil on the market will clear less quickly than initially expected later in 2017, according to the rich-world's energy watchdog.

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11 Aug
Commodities: Pyongyang outlines plans for launch demonstration, gold rallies as rhetoric builds
Gold bars

The latest rhetoric from North Korea has been to outline a plan for a launch demonstration, simulating an attack on US Pacific territory Guam.

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10 Aug
KEFI Minerals announces reduction of residual funding
nouveau-mois-de-collecte-positive-pour-le-livret-a

Close on the heels of the lifting of the state of emergency in Ethiopia, KEFI Minerals said it had reduced its residual funding requirement for the company's Tulu Kapi gold project and had begun talks to eliminate it altogether.

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10 Aug
Strategic Minerals boasts of improvement in cash balance
sirius potash polyhalite

Strategic Minerals, the diversified mineral company, boasted on Thursday of an improved cash balance after bringing a new client onboard as management set itself the target to reach a market capitalisation of $100m.

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09 Aug
Profits jump at Bushveld's Vametco Alloy on rising vanadium prices
cbmetales

Bushveld Minerals saw profits at part-owned Vametco Alloys shoot higher thanks to improved prices for vanadium, predicting prices would continue rising thanks to supply shortages.

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08 Aug
Range Resources buys minority stake in Indonesia's Perlak field
exploration well, oil & gas

Range Resources acquired an interest in Indonesia's Perlak field, which throughout its long history had produced close to 60m barrels, the group announced on Tuesday.

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08 Aug
Chinese foreign trade growth slows sharply in July
0cb869

International trade flows into and out of the People's Republic of China weakened noticeably in July, indicating that Asia's largest economy may not have gotten off to quite as strong a start to the third quarter as had been believed.

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