The Market Report with Katie Pilbeam. FTSE 100 crossed the 7,000 mark at open, buoyed by optimism in Asia after China’s economy surged 18.3% in the first quarter. London’s main index jumped 35 points to 7,018 in early trading.Cryptocurrency fever is breaking out everywhere following the listing of exchange Coinbase this week. Dogecoin, which reportedly was started as joke, jumped 91% in value overnight as Elon Musk posted another obscure tweet about the crypto.NFT Investments PLC (LON:NFT) made a strong start to life as a listed company as its shares began trading on the Aquis Exchange. The company is the first exclusively focused on non-fungible tokens (NFTs) to launch on a stock market in a major jurisdiction.In the mainstream, fund manager Ashmore PLC (LON:ASHM) reported a tough period for debt and fixed income products in the three months to end-March. Assets under management fell by US$3.1bn to US$89.9bn.Health Secretary Matt Hancock owns shares in a company that won a £300,000 contract with the NHS this year, it has emerged. His sister Emily Gilruth also owns a stake and is a director of the firm, called Topwood.ANGLE PLC (LON:AGL) has secured its first large-scale pharma services contract for cancer cell collection system Parsortix. The customer, said to be a pharma company with several cancer drugs under development, will use Parsortix in three separate global clinical trials.Galantas Gold Corp (LON:GAL) highlighted favourable results from the restart of underground mining in Northern Ireland. Blasting resumed in March and, as expected, the development of the Kearney vein has produced a feed of higher gold grade ore for processing.
Mining Capital’s Alastair Ford explores what impact China’s latest growth figure is likely to have on the entire metal industry. China’s economy surged 18.3% in the first quarter, giving hope of a resurgence for the world economy. He says ‘the message is clear, China’s economy is back in full growth mode, full steam ahead and there are huge implications for the global political balance and from an economic point of view, hugely positive for miners’.
Helium One Global Ltd’s (LON:HE1) David Minchin talks to Proactive London about the £10mln raised through an oversubscribed subscription and placing at 10p per share.Proceeds will be used for fast-tracking the Rukwa project in Tanzania and to keep equipment in the field for appraisal work after a drilling programme completes.Minchin says ‘now was the time for us to pull that trigger’ to also be able to carry out seismic studies over any discovery to maximise conversion to reserves and allow the field appraisal programme to be completed by the end of 2021.
Deep Yellow Limited (ASX:DYL) (OTCQX:DYLLF) CEO John Borsoff tells Proactive the uranium exploration company has advanced towards a bankable feasibility stage with its Namibia-based uranium project. Borsoff says the group was ‘very encouraged’ with results from its pre-feasibility study, including a 12-year mine life, an NPV of $207M, and an operating cost of sub $30/pound. The group is now working on converting the remaining 50% of its project into reserves, increasing the mine life to 20 years.
Tensions between Israel and Iran are on the rise, as Tehran blames Israel for an attack against one of its nuclear facilities and vows “revenge”. The incident could undermine talks to get the 2015 nuclear deal back and running with the possibility of the United States re-joining it. Russia’s Foreign minister Sergei Lavrov is visiting Tehran, reaffirming the Russian position as a major ally to IranSubscribe to France 24 now:http://f24.my/youtubeENFRANCE 24 live news stream: all the latest news 24/7http://f24.my/YTliveENVisit our website:http://www.france24.comSubscribe to our YouTube channel:http://f24.my/youtubeENLike us on Facebook:https://www.facebook.com/FRANCE24.EnglishFollow us on Twitter:https://twitter.com/France24_en
For the 2nd time in two months, US Secretary of State Anthony Blinken is in Brussels for NATO talks which should focus on Iran, Afghanistan, as well as the tensions between Ukraine and Russia, as FRANCE 24s Brussels correspondent Dave Keating reports.
Procaps Group (NASDAQ:LATN) Chairman, Founder, and CEO Ruben Minski tells Proactive the Colombia, South America-based soft-gel manufacturer will look to go public through a SPAC merger with Union Acquisition Corp II. Minski says through the transaction and its growth strategy it has in place, the group’s aim is to become a $1B revenue generating company in the next five years.
Miramar Resources Ltd’s (ASX:M2R) Allan Kelly tells Proactive’s Andrew Scott that diamond drilling at the 8-Mile target at its Gidji project in the Eastern Goldfields of Western Australia has intersected visible gold while also extending the Runway porphyry deposit. Holes GJDD001 and GJDD002 both intersected an intrusive unit which is interpreted to represent an extension of the unit that hosts the 314,000-ounce Runway deposit immediately south of the Gidji project boundary.
BIGG Digital Assets (OTCQX:BBKCF) (CSE:BIGG) CEO Mark Binns tells Proactive the Vancouver, Canada-based group is seeing ‘tons of volume’ on its cryptocurrency brokerage as cryptocurrency prices rise, including Ethereum hitting an all time high.Binns says the group, which runs two different business including a cryptocurrency exchange called Netcoins and Blockchain Intelligence Group, the run-up is ‘perfect’ as more consumers get into the crypto game, along with more demand for its forensics software.
Meteoric Resources Ltd’s (ASX:MEI) (FRA:RNF) Andrew Tunks tells Proactive they’ve kicked off the 2021 field season at the Palm Springs gold project in Western Australia with the aim of extending recently discovered mineralisation further southwest. Following the success of the initial exploration program in 2020, a further 7,000 metres of drilling is planned at Butchers Creek, beginning in May.
China added to more coal plant capacity than the combined global total that was retired last year.
AMPD Ventures Inc (CSE:AMPD) CEO Anthony Brown talks to Proactive how the Vancouver, Canada-based cloud computing group is differentiating itself by aligning with the likes of AMD and NVIDIA/ Brown says these recent partnerships allow the company to be able to develop what products it can bring to market directly in conjunction with the manufacturers of the components, like extremely fast computing and storage.