While supporters of the new CFTC rule expect it to prevent large firms from taking too large positions in commodities and causing inflated prices, there are those who caution that it will only push commodities investors to markets outside of the United States.
Silver opened at 22372 on MCX. The metal dipped as the session started, reaching an intraday low of 22362. Stronger oil and base metal prices inspired dealers to buy the metal, carrying it from its lows. For full story, click here
Southern Energy Company, Inc., a publicly traded resource exploration company, declared provide the following corporate update with respect to its various projects and properties. For full story, click here
Southern Energy Company, Inc., a publicly traded resource exploration company, declared that it has entered into a Joint Venture Agreement to put into output the Condoryacu Gold, Copper, and Silver Property located in Salta Province, Argentina. For full story, click here
Magma Energy Corp. has filed a preliminary prospectus in preparation for an initial public offering. For full story, click here
Hong Kong Stock Exchange-listed Smart Rich Energy Finance Ltd. declared that it will acquire the Martabe gold and silver project from China Sci-Tech Holdings Ltd., which will purchase the mine from OZ Minerals Ltd. For full story, click here
Zapata Energy Corporation declared that it has released its annual financial statements, MD&A and NI51-101 reserve report. These documents are all available on SEDAR. For full story, click here
Southern Energy Company, Inc., a publicly traded resource exploration company, declared that it has entered into a definitive agreement to acquire the Catalina Silver and Gold Property located northwest of Santiago, Chile. For full story, click here
Monday, October 24, 2011