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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
  • Australia's S&P ASX200 up 1%, resource stocks lead the way

    8:05 am

    Australia's S&P ASX200 up 1%, resource stocks lead the way

    Resource companies and defensive stocks underpinned gains on the ASX today with the S&P ASX200 rising 47 points, or 1%, to 4,861.4. The Shanghai Stock Exchange Composite Index is down 0.64% to 2,143.03 points while the Dow Mini is up 29 points to 15,318.23.

  • International Coal close to securing prized Consuelo coking coal permits

    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

    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. 

  • MacPhersons Resources finds up to 13g/t gold at Boorara

    3:52 am

    MacPhersons Resources finds up to 13g/t gold at Boorara

    With individual gold bearing quartz veins ranging from 5g/t to 13g/t gold over metre thick intersections, MacPhersons can incorporate Boorara into the Nimbus mill feed schedule - providing another step forward on the road to production. Drilling also identified large gold halo zones up to 68 metres thick averaging 1g/t gold.

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

    2:56 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."

  • FedEx Q4 profit drops 45% as customers opt for cheaper service

    2:08 pm

    FedEx Q4 profit drops 45% as customers opt for cheaper service

    FedEx Corp. (NYSE:FDX), the world's largest shipping airline, said profit in the fiscal fourth-quarter dropped 45 percent as customers shifted to cheaper delivery options and the company restructures parts of its business amid weak economic growth. Shares declined in premarket.

  • Wall Street braces for Bernanke

    1:39 pm

    Wall Street braces for Bernanke

    U.S. stock futures were skittish on Wednesday ahead of the main event, as investors got nervous waiting for the Federal Open Market Committee's monetary policy decision and press conference from Fed chairman Ben Bernanke later this afternoon. 

  • Sea Dragon Energy is growing and thriving in Egypt

    12:43 pm

    Sea Dragon Energy is growing and thriving in Egypt

    Paul Welch, President and Chief Executive of Sea Dragon Energy (CVE:SDX), tells Proactive Investors the company has been able to 'grow and thrive' in Egypt in the aftermath of the Arab Spring. He says the country is not well understood and, as a result, investors are taking a far too negative view on its prospects.