Headlines from the Proactive UK newsroom.
BlueRock Diamonds (LON:BRD) has sold a 20.72 carat diamond unearthed in September for US$236,000. It is the highest value achieved to date for a single stone form the Kareevlei mine.
Rockfire Resources (LON:ROCK) has hit a large sulphide zone at the Plateau gold deposit in Queensland. The sulphide layer has similar rock types to the neighbouring Mt Wright mine, which contains a million ounces.
AFC Energy’s (LON:AFC) hydrogen powered 72kWh, off-grid Electric Vehicle charging system is on target for commercial launch in December. An agreement has also been signed with an international manufacturing group to assess an ammonia-to-power off grid platform.
Cairn Energy (LON:CNE) has had a disappointment offshore Mexico with its Alom-1 well coming up dry. The well was the first in its drilling programme in the area and went down to 2,056m below the sea surface.
HSBC (LON:HSBA) has warned revenues will be softer this year than anticipated, while also posting an 18% decline in third quarter profits. Customer redress and severance cost it US$720mln.
UK based Microsoft has beaten favourite Amazon to a US$10bn cloud computing contract to replace the computer networks at the US Department of Defense. Amazon said it was surprised by the decision and has ten days to appeal.