Live Breaking News & Updates on Chilalo Graphite Project|Page 18
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FTSE 100 closes firmly lower as inflation fears pummel markets The UK blue chip index closed down 175 points, or 2.47%, at 6,947 on the day. FTSE 100 loses 2.47% Antofagasta edges higher FTSE 100 closed sharply in the red on Friday as inflation fears spooked global markets. The UK s top share index finished over 175 points lower, or 2.47%, at 6,947. The midcap FTSE 250 also went lower, plunging over 530 points, at 22,167. On Wall Street, the Dow Jones Industrial Average lost over 454 points at 34,288. The S&P 500 shed over 42 points, at 4,145. The Nasdaq shed around 65 at 13,336. Inflation fears have hurt market sentiment today, as European markets maintained the pessimistic tone established in the US yesterday, said Joshua Mahony, senior market analyst at IG. ....
FTSE 100 closes firmly lower as inflation fears pummel markets The UK blue chip index closed down 175 points, or 2.47%, at 6,947 on the day. FTSE 100 loses 2.47% Antofagasta edges higher FTSE 100 closed sharply in the red on Friday as inflation fears spooked global markets. The UK s top share index finished over 175 points lower, or 2.47%, at 6,947. The midcap FTSE 250 also went lower, plunging over 530 points, at 22,167. On Wall Street, the Dow Jones Industrial Average lost over 454 points at 34,288. The S&P 500 shed over 42 points, at 4,145. The Nasdaq shed around 65 at 13,336. Inflation fears have hurt market sentiment today, as European markets maintained the pessimistic tone established in the US yesterday, said Joshua Mahony, senior market analyst at IG. ....
MiFID II exempt information – see disclaimer below - FCA looks to scrap MiFID research rules on small-caps in UK competitiveness drive (Investment Week) Canyon Resources (ASX:CAY) – Minim Martap bauxite project mineral resource upgrade (Altus Strategies is invested in Canyon Resources) Marvel Gold (ASX:MVL) – Chilalo Graphite Project spin out (Altus Strategies holds a JV agreement with Marvel Gold) Metal Tiger (AIM:MTR) – Drilling Commenced at KML copper project Serabi Gold (AIM:SRB) – Drilling confirms lateral and depth extensions to mineralisation at Palito
The company has a historic ‘high-grade’ copper mine which was abandoned >100 years ago. Drilling is planned to test two large geophysical targets underneath the historic mine may be mineralised porphyry structures. ....
Marvel Gold to spin out Chilalo Graphite Project in Tanzania 11 May 2021 (Last Updated May 11th, 2021 09:47) Marvel Gold plans to spin out its Chilalo Graphite Project in Tanzania into a new subsidiary, Evolution Energy Minerals (Evolution). Share Article Marvel plans to focus on gold exploration works in Mali. Credit: Dominik Vanyi on Unsplash. The move is a part of the firm’s efforts to unlock the value of its fully permitted advanced Chilalo Graphite Project and reduce debt. Evolution plans to raise at least $10.2m (A$13m) via an initial public offering (IPO) with the potential to accept over-subscriptions. Under a priority offer, Marvel Gold shareholders will be collectively entitled to subscribe for up to $1.5m (A$2m) of shares in Evolution. ....