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Morning Report: Bluebird Merchant Ventures receives permit to develop Kochang mine

Headlines from the Proactive UK newsroom.

Bluebird Merchant Ventures (LON:BMV) has received a 'Permit to Develop' the Kochang mine in Korea. Gold production will start next year with the potential for annual output to rise to 30,000oz of gold over three years.

Ariana Resources (LON:AAU) believes drilling at Arzu South at its Kiziltepe mine in Turkey indicates developing the pit into an underground operation is an option.

Natural pesticide group Eden Research (LON:EDEN) has signed an exclusive distribution agreement for fungicide Mevalone with SumiAgro Europe. The Japanese group will distribute Mevalone in Germany, Poland and three other central European countries as a fungicide for grapes.

Boeing is to temporarily stop making its troubled 737 Max airliner in January while it grapples with the problems that have grounded the plane for nine months. Flights by the aircraft have been banned after two crashes.

Online ticketing group Trainline (LON:TRN) lifted sales by 26% in the nine months to November. Consumer revenue rose by 31% while international sales climbed by 90%.

Unilever has cautioned sales this year will miss its target of 3-5% growth. A slowdown in South Asia and ongoing problems in West Africa and North America are blamed however earnings are not expected to be impacted.

Quick facts: Bluebird Merchant Ventures Ltd

Price: 2.41 GBX

LSE:BMV
Market: LSE
Market Cap: £8.89 m
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Bluebird Merchant Ventures sorts non-dilutive funding to bring both Korea...

Bluebird Merchant Ventures Ltd's (LON:BMV) Aidan Bishop tells Proactive London's Andrew Scott they've agreed US$5mln of debt finance for its gold mine projects in South Korea. The borrowings will be repaid by production from the Gobang and Kochang mines. ''It's a great time for the company...

3 days, 6 hours ago

2 min read