mineral exploration project – commodity prices – mining stock- trade and market

First Nickel Inc. is pleased to announce that it has entered into an engagement letter to appoint Societe Generale and Commonwealth Bank of Australia to act as exclusive lead arrangers for a senior secured project loan facility up to CAD$30 million. Any commitment by either Lead Arranger will be subject to, among other things, internal credit approval, due diligence, receipt of any government and regulatory approvals and definitive legal documentation, including the provision of a separate commitment letter.

An initial cash arrangement fee was paid to the Lead Arrangers upon signing of...

Turkey and Iran may jointly build two petrochemical units, state-run Press TV news channel reported, citing Iran’s Deputy Oil Minister.

Iran and Turkey are discussing construction of an urea and an ammonia unit in the industrial hub of Assaluyeh in southern Iran, Press TV said, citing Abdolhossein Bayat, who is also the managing director of National Iranian Petrochemical Co.

Talks include construction of a petrochemical plant in Miyandoab in western Azerbaijan province that can produce 539,000 tons of petrochemical products annually, the TV station reported.

Bayat, who...

The Australian sharemarket closed three per cent higher for the week, as middling-to-positive leads from European stocks and Wall Street culminated in a solid weekly close, after China rejected reports it was considering reviewing its European bond holdings.

For the week, the benchmark S&P/ASX200 index gained 3.15 per cent to 4,457.5 points, while the broader All Ordinaries index jumped 7.58 per cent to 4,479 points.

AMP Capital Investors chief economist Shane Oliver said it looked like a correction in equities and commodities prices was under way, and a decent rally was beginning.

A major investment by a Chinese company puts a big mining project near Eureka back on track.

General Moly Mines...

BARWA over the planned sale of the BARWA Financial District to the world’s largest liquefied natural gas producer. BARWA denies that it is currently involved in talks to sell its BARWA City project to a government buyer. Because construction is still underway, there has not yet been a finalised lease pricing structure for BARWA City properties.

Shares of gold and copper exploration companies are the most likely to shine in the Canadian junior mining sector this...

Asian stocks climbed for a second day as JPMorgan Chase & Co. boosted ratings on Japan’s...

Dubai shares climbed to the highest level in almost a week as oil gained on prospects for increased fuel demand in the U.S. after the economy of the world’s biggest energy-consuming country...