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market-movers-westminster-group-tethys-petroleum-sefton-resources-jubilee-platinum-58155.html VIDEO REPORT Market Movers: Westminster Group, Tethys Petroleum, Sefton Resources, Jubilee Platinum
  • Potash West's Dinner Hill resource area gets bigger and bigger

    1:52 am

    Potash West's Dinner Hill resource area gets bigger and bigger

    A major aircore drill program by Potash West has increased the mineralised area of the Dinner Hill Resource Area by a massive 16 square kilometres, confirmed the presence of a phosphate-rich horizon at the Dambadjie and Attunga prospects and identified further shallow potash and phosphate targets.  The exploration target is 1 billion to 1.5 billion tonnes.

  • Why the Dow fell 206 points

    Wed 11:16 pm

    Why the Dow fell 206 points

    U.S. investors hit the sell button the moment Fed chairman Bernanke said that the quantitative easing may slow down as early as this year, with the Dow ending the trading day down over 200 points. The Dow though is still up 15.3% year-to-date. In the pre-open markets, the Dow-mini is down nine points to 15,038, with the ASX SPI 200 down 55 to 4820.

  • International Coal close to securing prized Consuelo coking coal permits

    Wed 7:31 am

    International Coal close to securing prized Consuelo coking coal permits

    There are known to be big wraps on the Consuelo coking coal project in the premier producing Bowen Basin in Queensland, with interest received from Asian groups, located near Glencore Xstrata plc’s Rolleston mine.  The project is located close to existing rail and port infrastructure.

  • Stratum Metals identifies large, strong conductor at East Menzies

    Wed 6:05 am

    Stratum Metals identifies large, strong conductor at East Menzies

    Interpretation of all data over Stratum Metals’ East Menzies Goldfields Project that incorporates data from the HeliTEM survey has identified a number of potential massive sulphide conductors, the strongest of which have not been tested by recent drilling.  It is this one that could generate some excitement. 

  • Madalena Ventures to raise up to $6 mln through financings as Argentina development continues

    Wed 8:52 pm

    Madalena Ventures to raise up to $6 mln through financings as Argentina development continues

    Madalena Ventures (CVE:MVN) has made yet another announcement showing the oil and gas explorer's progress, this time saying it has secured financings for proceeds of up to $6 million. The news comes just two days after it announced it has hired a financial advisor to help with the farmout process for its Curamhuele block in Argentina and just a week after it extended the exploration period on the block by a year. 

  • U.S. stocks skid lower after Bernanke's words sink in

    Wed 8:41 pm

    U.S. stocks skid lower after Bernanke's words sink in

    U.S. stocks plunged after Federal Reserve chairman Ben Bernanke said quantitative easing may slow down as early as this year. Equities had initially climbed, tanked to session lows and recovered slightly, albeit still treading underwater, in a knee-jerk reaction after the Federal Reserve said it was standing by its monetary policy.

  • Global Cobalt’s Karakul project “a perfect storm”, says CEO

    Wed 6:00 pm

    Global Cobalt’s Karakul project “a perfect storm”, says CEO

    The Karakul Cobalt Deposit, Global Cobalt’s flagship, is located in the Republic of Altai, part of the Russian Federation, sandwiched between China to the south and the edge of Siberia to the north. It is an area that Global Cobalt president and CEO Erin Chutter deems “a fascinating geological corner of the world."

  • Wall Street edges lower ahead of Fed decision

    Wed 5:53 pm

    Wall Street edges lower ahead of Fed decision

    U.S. markets were slightly lower on Wednesday as investors braced for the monetary policy decision from the Federal Open Market Committee, to be followed by a press conference from Ben Bernanke shortly afterward.