Company news

Metals Exploration needs extra funding

Metals Exploration requires additional funding for general working capital purposes immediately due to continued delays in realising revenue from its Runruno project and the debt restructuring discussions continuing longer than expected. Management is currently in discussions with its major shareholders to raise additional working capital, but no agreement has been reached at this time. A […]

Mining Roundup

Alexander Mining (LON:AXM) was the sector’s biggest riser on a licensing agreement between its wholly-owned MetaLeach and Accudo Metals, a new Australian company which has been established to exploit Alexander’s proprietary leaching technologies. Accudo is funded by sophisticated investors and clients of BlueMount Capital, a national mid-tier Australian investment bank. Accudo foundation funders and BlueMount […]

ECR terminates earn-in option

ECR has today given notice to terminate the company’s earn-in option in respect of the Danglay gold project in the Philippines. To date, the company has earned a 25% interest in the project, irrespective of the termination of the option. In 2013, the company entered into an earn-in and joint venture agreement in respect of […]

Westminster update on Nigeria franchise

Westminster Group has become aware of speculation regarding its Nigerian franchise operation, Westminster Security Solutions Nigeria Ltd which is currently advertising for security personnel for posting in various states in Nigeria. Westminster says it was not aware of any contracts having been awarded to WSSN but has been told this is proactive step on behalf […]

Fitch affirms Ecuador at 'B'

Fitch Ratings has affirmed Ecuador’s long-term foreign currency issuer default rating at ‘B’ and revised the rating outlook to negative from stable. The issue ratings on Ecuador’s senior unsecured foreign currency bonds are also affirmed at ‘B’. The country ceiling is affirmed at ‘B’ and the short-term foreign currency IDR at ‘B’. Story provided by […]

Boussard & Gavaudan NAV update

Boussard & Gavaudan says the estimated net asset value of its sterling shares was £19.3473 at the close of business on 25 August. The estimated NAV of its euro shares was €22.0868. At 8:46am: (LON:BGHS) Boussard Gavaudan Holding share price was 0p at 1545p Story provided by StockMarketWire.com

Circle Property schedules AGM

Circle Property will hold its annual general meeting at 3rd Floor, Standard Bank House, 47-49 La Motte Street, St Helier, Jersey, on 21 September at 2:30 p.m. Story provided by StockMarketWire.com

ITM Power signs fuel contract with Arcola Energy

ITM Power has signed a fuel contract to supply hydrogen at £10/kg with Arcola Energy. The fuel will be supplied from ITM Power’s growing hydrogen refuelling infrastructure, part funded by OLEV, FCH JU and InnovateUK. This is a follow-on agreement to that signed with Symbio FCell and Arcola Energy to provide an integrated package of […]

Mining Roundup

Alexander Mining (LON:AXM) was the sector’s biggest riser after subsidiary MetaLeach has executed a licence agreement with Accudo Metals, a new Australian company which has been established to exploit Alexander’s proprietary leaching technologies. Accudo is funded by sophisticated investors and clients of BlueMount Capital, a national mid-tier Australian investment bank. Pre-funding for test work and […]

Magnit in most innovative company list

Magnit, Russia’s largest food retailer, has been ranked 46th in the World’s 100 Most Innovative Companies by the American edition of the Forbes business magazine. Magnit is the only Russian company in the list. Story provided by StockMarketWire.com

Alexander unit licensing agreement with Accudo

Alexander Mining subsidiary MetaLeach has executed a licence agreement with Accudo Metals, a new Australian company which has been established to exploit Alexander’s proprietary leaching technologies. Accudo is funded by sophisticated investors and clients of BlueMount Capital, a national mid-tier Australian investment bank. Pre-funding for test work and a full Scoping Study on the first […]

Fitch affirms Nicaragua at 'B+'

Fitch Ratings has affirmed Nicaragua’s long-term foreign and local currency issuer default ratings at ‘B+’ with a stable outlook. The country ceiling is affirmed at ‘B+’. The short-term foreign and local currency IDRs are affirmed at ‘B’. Story provided by StockMarketWire.com

ITV scraps plans to buy eOne

ITV has withdrawn its proposal to acquire Entertainment One. ITV continues to believe in the strategic logic and potential benefits of acquiring eOne but has a clear view of the value of the business, recognising that this value would need to be verified by appropriate due diligence. ITV said it appears this value is different […]

ANA Group revises flight schedule

ANA Group has revised its flight schedule for second half of its financial year. Story provided by StockMarketWire.com

Boussard & Gavaudan NAV update

Boussard & Gavaudan says the estimated net asset value of its sterling shares was £19.3451 at the close of business on 24 August. The estimated NAV of its euro shares was €22.0844. At 8:39am: (LON:BGHS) Boussard Gavaudan Holding share price was 0p at 1545p Story provided by StockMarketWire.com

Kibo signs new agreement with SEPCO III

Tanzania-focused Kibo Mining has signed a new agreement with major international China based EPC contractor, SEPCO III. The agreement establishes a re-defined contractual relationship between SEPCO III and the company by which SEPCO III can earn the right to become the sole bidder for the EPC contract to build the power plant component of Kibo’s, […]

Mining Roundup

Goldplat’s (LON:GDP) shares were up in late trading after it reported a strong end to the year to 30 June due to the strength of the gold price coupled with the reduction in the value of sterling. The directors expect revenues for the year to be approximately £20 million and consolidated profit before tax to […]

Exillon output averages 13,883bpd

Exillon Energy’s output averaged 13,883 barrels per day in July. Average daily production for Exillon Timan-Pechora was 3,179 bpd, and for Exillon West Siberia it was 10,704 bpd during the period. Peak daily production was 14,446 bpd. At 4:15pm: (LON:EXI) Exillon Energy PLC share price was +3.13p at 103.38p Story provided by StockMarketWire.com

Ascent completes Trameta purchase

Ascent Resources has carried out the necessary procedures at the office of the public notary in Ljubljana to complete the purchase of Trameta doo, detailed in the company’s announcement of 1 August. Completion of the acquisition will allow the Company to move ahead with the work program to recertify the export production pipeline through which […]

Mitie buys minority shareholdings

Mitie has purchased employee minority shareholdings of three of its successful ‘Mitie Model’ businesses. Mitie, which stands for Management Incentive Through Investment Equity, has been partnering with entrepreneurs to grow British businesses for over 25 years and has supported over 100 start-up businesses using the Mitie Model. Mitie chief executive Ruby McGregor-Smith said: “I am […]

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