Proactive Investors News

Bacanora Lithium chief executive Peter Secker becomes main board director

Bacanora Lithium PLC (LON:BCN) said on Friday that chief executive Peter Secker has been appointed as a main board director of the company with immediate effect. Secker, who has been chief executive since May 2015, brings more than 35 years of experience in developing, constructing and operating mines. "As CEO of Bacanora, Peter has been instrumental in advancing our flagship Sonora lithium project to the point where its credentials to become a world class, low cost producer of battery grade lithium carbonate were recently confirmed by a Feasibility Study," said chairman Mark Hohnen. >>>

Chinese economy boosts mining shares at the top end of the market, but at the junior end things aren’t so rosy

The mining sector was a strong beneficiary mid-week after the Chinese government pegged economic growth at around 6.8%, higher than had initially been expected. At the larger end of the mining market, where recovery is well underway, the news came as a welcome bonus. Chinese demand for commodities, in particular copper, iron ore, zinc and nickel is likely to remain strong, and indeed, the base metals too were on the rise. The read-across was simple enough: higher metals prices on strong demand will likely lead to higher profits for producing mining companies, which is why their shares were in demand. >>>

Wishbone Gold says Honduras plant is now operational

Wishbone Gold PLC (LON:WSBN) has told investors that the processing plant in Honduras is now operational. Following several visits by the team to ensure the project remained on track, the plant is now fully operational under a small-scale licence. READ: Wishbone’s artisan trading business rolls out in Thailand It is running batch processing and producing gold, while testing various ore samples. More licences have been applied for and are under review. >>>

Vodafone unlikely to overpay for Liberty Global assets or cut dividend, says Numis

Vodafone Group PLC (LON:VOD) is negotiating on the possible acquisition of Liberty Global's assets from a position of strength so is unlikely to overpay, Numis said. In February, Vodafone announced that it was in early stage talks to buy some of Liberty’s European assets. Numis said in a note to investors on Friday that Vodafone is in a good position to negotiate because it now has some “sizeable” assets of its own in Europe and “sensibly priced” wholesale access to third-party fixed-line networks. >>>

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