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LBMA said to enter talks with Autilla, Boat on gold platform
By Eddie Van Der Walt
Bloomberg News
Friday, September 30. 2016
The London Bullion Market Association has started negotiations with two financial technology firms to create a trading platform for precious metals, according to two people with direct knowledge of the matter.
The partnership between Autilla Ltd. and Boat Services Ltd. was selected for further talks, according to the people, who asked not to be identified because the discussions are private. ...
The LBMA, which represents London's gold market, is seeking to modernize the world's largest gold-trading hub, an over-the-counter system that clears more than $5 trillion a year. Regulators are pushing for more transparency and tighter controls. In other cities, such as New York, transactions take place on an exchange.
The LBMA's platform would mean deals between two parties can be posted and stored in a database, and eventually lead to the publication of a forward price curve. ...
... For the remainder of the report:
http://www.bloomberg.com/news/articles/2016-09-30/lbma-said-to-enter-tal...
K92 Mining Shows What 'Fast Track' Really Means
Company Announcement
By Kevin Silva
Market One Media, Vancouver, British Columbia, Canada
via Business News Network, Toronto
September 18, 2016
"Fast-tracking" is an overused phrase in the mining sector. But K92 Mining Inc. (TSX.V: KNT) has demonstrated exactly what that concept means.
Less than four months after going public on May 25, the company has completed additional financings totaling $18.5 million. It also refurbished the mill and mine facilities with enhanced processing capacity and has two drills turning onsite. With all this accomplished, production looks to be just days away.
"The technical team on site has done an excellent job with the production restart, and we are on schedule and on budget," says Director and Chief Operating Officer John Lewins. "With that focus on track, and with the enhanced financial flexibility resulting from our recent financings, we are now looking to target a resource expansion that we believe exists."
K92 has under-promised and over-delivered. ...
... For the remainder of the announcement:
http://www.bnn.ca/k92-shows-what-fast-track-really-means-1.568196
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