Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Centamin maintained annual gold production guidelines of 490,000 - 520,000 ounces after second quarter production accelerated ahead of what the company expects will be a stronger second half of the year.
FTSE 250 gold miner Centamin reported a 1% rise in second-quarter production on the first quarter, reaching 117,913 ounces, and this figure was 27% higher on the year before. First half production rose 8% year-on-year to 234,096.Centamin has held all annual guidance for production and costs, and said the balance sheet remains strong with no debt
Free cash flow generation of $180m during the period, reducing net debt to $2.15 bn !!!!!!!!!!!!!!!
Both OPEC and investors realize that there are many legitimate concerns about the future demand for oil in the world. At the same time, the cartel is clearly determined not to allow substantial oil price reductions, even against Donald Trump's call for permission to drop, or even strive for them.
Iran trade
The UK, France and Germany have a trade channel up and running with Iran that aims to sidestep US economic sanctions, the EU said in a statement.
"France, Germany and the United Kingdom informed participants that INSTEX had been made operational and available to all EU Member States and that the first transactions are being processed," the EU said in a statement, referring to the channel's formal name.
Brent Oil 64.36 -1.31 -1.99%
why?
https://www.bbc.co.uk/news/world-africa-48797845
"Clandestine artisanal diggers who have flooded [the mine] and engaged in an anarchic exploitation," he said, news agency Reuters reported.
The US-China customs war. Unofficially: a "temporary truce" is being prepared
The United States is expected to agree with China not to impose further duties on products from China. This is to be an introduction to the resumption of negotiations on the commercial war waged by these countries.
These are the unofficial findings of the South China Morning Post from Hong Kong, with which the Politico portal cooperated in this matter. The "temporary truce" is to take place during the meeting of Donald Trump with the Chinese leader Xi Jinping on Saturday, during the G20 summit.
According to the daily Jinping, he agreed to the meeting, provided that Trump did not impose further duties on Chinese goods. The American leader agreed, although the new duties were already on the way.
Peel Hunt 27/06
Reiterates
Buy
Buy
classic closing of the starting gap, oil prices have helped the decline
HOUSTON, June 26, 2019 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today provided an update on the Zama appraisal program in Block 7, located in the offshore portion of Mexico's prolific Sureste Basin. Talos is the operator of Block 7 in a consortium (the "Consortium") with its partners Sierra Oil & Gas, a Wintershall DEA company, and Premier Oil. https://www.prnewswire.com/news-releases/talos-energy-completes-zama-appraisal-program-300875811.html