The unfolding exploration play at the King of the Hills gold mine, part of the stable of WA gold projects operated by Red 5 Limited (ASX: RED), and recent operational progress has underpinned a speculative buy recommendation and 9.5c share price target for the WA gold miner from Perth broker Hartleys Limited.
Strategic metals develop TNG (ASX: TNG) has agreed terms with a Swiss-based chemicals distributor for the titanium dioxide pigment production from its planned A$853 million Mount Peake development, north of Alice Springs (reports MiningNews).
A tumultuous five months at new gold miner Gascoyne Resources is resulting in big board convulsions, with managing director Mike Dunbar out the door, an interim CEO appointed, and Ian Murray exiting after just 16 days in the chairman’s role (reports MiningNews).
The miner's chief commercial officer Arnoud Balhuizen said the recent trend towards protectionism would have negative impacts on both Chinese and US economic growth over the next two years (reports The Australian Financial Review).
Italy’s economic growth has slumped to zero and the eurozone is facing the steepest slowdown since the debt crisis five year ago, prompting fears of a 'policy error' by the European Central Bank (reports Ambrose Evans-Pritchard in London’s Daily Telegraph).
Eurostat’s flash estimate for the eurozone halved to 0.2pc in the third quarter as the region grappled with vanishing global liquidity and a trade shock from China and emerging markets.