Company news

Mining Sector: Rambler up after completion of PFS

Rambler Metals and Mining (LON:RMM) was the sector’s biggest riser after it completed a pre-feasibility engineering study and economic assessment aimed to integrate the lower footwall zone mineral resource into the life of mine plan for the Ming copper-gold mine. The PFS was successful in defining a staged, low capital strategy for the optimisation of […]

Avita's ReCell to be used by US DoD

Avita Medical says a branch of the US Military says the US Department of Defense ‘wants to use’ the company’s ReCell technology, which it described as offering a possible ‘paradigm shift’ in skin injury treatment. The July/August 2015 issue of Army Technology Magazine, in an article titled ‘Innovative treatments offer hope for burn victims,’ explored […]

Westpac confirms impact of APRA changes

Westpac Group has been notified by APRA of an interim change to how risk weighted assets will be calculated on Australian residential mortgages for banks that use the advanced internal ratings-based (IRB) approach to credit risk. The change will be applied by increasing the correlation factor1 used in determining RWA for Australian residential mortgages. Westpac […]

Polyus Gold on track after strong first half

Polyus Gold’s reports a strong performance with refined gold output in the second quarter rising to 432 koz, a 22% increase on the previous three months as a result of production growth at Olimpiada and Verninskoye, and the start of the washing season at Alluvials. First half refined gold production amounted to 783 koz, a […]

1Spatial-Enables IT scheme approved

The scheme of arrangement for 1Spatial’s recommended all share offer for Enables IT Group has been approved. At 1:53pm: (LON:EIT) Enables IT Group share price was +0.01p at 7.13p Story provided by

Rambler completes PFS

Rambler Metals and Mining has completed a pre-feasibility engineering study and economic assessment aimed to integrate the lower footwall zone mineral resource into the life of mine plan for the Ming copper-gold mine. The PFS was successful in defining a staged, low capital strategy for the optimisation of all existing infrastructure allowing the operation to […]

ECR Minerals pauses exploration at Maestro Agüero

ECR Minerals is considering its strategic options for the Maestro Agüero and the SLM project as a whole and paused exploration. ECR said bulk sampling at the Maestro Agüero gold prospect in La Rioja Province, Argentina, indicates gold mineralisation is present across potentially mineable surface widths, albeit at lower grades than had been hoped. The […]

Fitch upgrades Greensands UK to 'B+'

Fitch Ratings has upgraded Greensands UK Ltd’s long-term issuer default rating (to ‘B+’ from ‘B’ and its senior secured rating to ‘BB-‘ from ‘B+’. The outlook on the IDR is stable. At the same time, the bonds issued by Southern Water (Greensands) Financing plc (SWF), which are unconditionally and irrevocably guaranteed by Greensands as well […]

Fitch affirms Rwanda at 'B+'

Fitch Ratings has affirmed Rwanda’s long-term foreign and local currency issuer default ratings at ‘B+’ with a stable outlook. The issue ratings on Rwanda’s senior unsecured foreign and local currency bonds have also been affirmed at ‘B+’. The country ceiling has been affirmed at ‘B+’ and the short-term foreign currency IDR at ‘B’. Story provided […]

IPSA in talks over sale of NewCogen stake to BEE

IPSA is in talks with black economic empowerment partners over the sale of part of its Newcastle Cogeneration subsidiary in South Africa. The company says that having a BEE partner would assist the board’s plans to add additional capacity at Newcastle under the new gas to power programme of the South African government. The board […]

LightwaveRF MOU with Deta Electrical

LightwaveRF has agreed a memorandum of understanding with Deta Electrical for it to become LightwaveRF’s UK distributor for the new house build market. Deta will distribute an OEM range of LightwaveRF controlled sockets, switches and mood lighting to complement its existing range. It will also sell the LightwaveRF heating products. Deta is a supplier to […]

Finansbank public offering cancelled

Finansbank says that due to the postponement of the offering of shares, the current application has been cancelled by the CMB. An update says that National Bank of Greece and Finansbank are continuing to work on the offering with the aim of returning to the equity capital markets, subject to market conditions and receipt of […]

Aureus process plant achieves nameplate capacity

Aureus Mining’s process plant at the New Liberty gold mine in Liberia has reached nameplate capacity following a successful period of commissioning. The process plant recently underwent a period of 24 hours performance testing, during which time the plant was operating at a feed rate of 152 tonnes of run of mine ore per hour […]

INTER RAO Capital stake in Inter RAO decreases

INTER RAO Capital’s stake in its parent, Inter RAO, has fallen from 18.98097% (19,816,132,822.65 ordinary shares) to 18.98095% (19,816,112,328.65 ordinary shares). At 8:21am: Story provided by

Feedback delighted with positive study results

Feedback has announced the successful completion of a large evaluation of TexRAD CT texture analysis (CTTA) as a pre-therapy imaging biomarker in 241 metastatic renal (kidney) cell cancer (m-RCC) patients treated with anti-angiogenic therapy (AAT – drugs that block cancer blood-vessel growth). This research study was led by Dr. Andrew Smith, associate professor in radiology […]

ANZ comments on APRA capital changes for banks

ANZ will need to allocate a around A$2.3bn of additional capital to its Australian mortgage lending book. This follows changes announced by the Australian Prudential Regulation Authority (APRA) to capital requirements for banks using internal ratings-based approach to credit risk. As part of the APRA changes, from 1 July 2016 the average credit risk weight […]

European REIT gets Murcia payments

European Real Estate Investment Trust has confirmed that all outstanding proceeds of €1.2m from the sale of the property in Murcia, Spain, have now been received. At 8:02am: (LON:ERET) European Real Estate Inv Trust Ltd share price was +0.5p at 119.5p Story provided by

Fitch withdraws Balboa Re rating

Fitch Ratings has today withdrawn Balboa Reinsurance’s BBB+ insurer financial strength rating because the company has chosen to stop participating in the rating process. Fitch says it will no longer have sufficient information to maintain the rating and will no longer provide rating or analytical coverage for Balboa Reinsurance Ltd. Story provided by

Etalon launches sales for second Samotsvety building

Russian property developer and construction group Etalon has launched sales for the second residential building of its Samotsvety project in St. Petersburg. The 10-11 storey building will contain 646 flats and commercial premises, with a total NSA of 48,000 sqm. Based on interest expressed by customers prior to the official launch of sales, the company […]

RusHydro capital-raising deal with VTB Bank

RusHydro has signed a term sheet with PJSC VTB Bank for a potential capital-raising deal. According to the document, VTB may acquire up to RUB85 bn of newly issued shares of RusHydro with conclusion of a 5-year forward contract. The raised funds will be primarily used to optimise capital structure of RusHydro subsidiary holding, RAO […]

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