Small Caps
ATHA Energy identifies more than 100km of prospective conductors in MMT survey over Angilak uranium project
Canadian mineral company ATHA Energy Corp (TSX-V: SASK) has identified more than 100 kilometres of cumulative prospective conductors through an airborne mobile magnetotellurics (MMT) survey at its wholly-owned Angilak uranium project in Canada. Completed in September over the northern half of the project, the survey totalled 5946 line kilometres and represented approximately 85% of the […]
Goldman Sachs lifts oil price forecast to US$90 a barrel
Supply disruptions and increasing demand for oil has seen US investment bank Goldman Sachs raise its forecast year end price for the commodity to US$90 per barrel. The Wall Street bank ramped up its already-optimistic forecast on the weekend, adding another US$10 onto its previous US$80/bbl forecast for Brent Crude (the international standard). Last week, […]
BuzzFeed and Microsoft lead the charge as AI replaces jobs
We may be witnessing an inflection point with artificial intelligence (AI), notably OpenAI’s GPT large language model replacing jobs through automation. Last week the news and entertainment company BuzzFeed Inc (NASDAQ: BZFD) said it would use the GPT-3 engine to create quizzes and other content targeted towards teenagers and young adults, which sent its stock […]
Ghana to buy oil with gold instead of US dollars
Ghana is putting together a proposal to acquire oil products in exchange for its gold, with the strategy being to reduce the expenditure of its US currency reserves. Vice president of the African nation Dr Mahamudu Bawumia announced the proposal on 24 November via his Facebook platform. If it moves ahead, the policy is set […]
China moves to buy oil and gas using yuan instead of US dollars
China is rolling-out plans to acquire oil and gas products in exchange for yuan, instead of US dollars, from top producers in the Arabian Gulf. These plans were unveiled by China’s President Xi Jinping at a summit held in Riyadh, Saudi Arabia last Friday. Hosting the talks was Saudi Crown Prince Mohammad bin Salman who […]
Peru copper production hit amid ongoing protests
Operations at Chinese entity Minerals and Metals Group’s (MMG) Las Bambas mine in Peru remain suspended as local communities protest “years of broken promises” – exacerbating existing political tensions in the country. As the world’s second largest copper and zinc producing country, Peru’s copper output in 2021 was 2.3 million tonnes. The Las Bambas copper […]