Company news

Mining roundup

Acacia Mining (ACA) produced of 221,815 ounces of gold in the second quarter 2016, 19% higher than the same period a year earlier, with gold sales of 216,782 ounces. The company reported first half revenue of $505 million, which is 13% higher than the same period of 2015. *** Kibo Mining (KIBO) reached an agreement […]

Mining roundup

Anglo American (AAL) fell 10% to 731.61p after missing forecasts for quarterly copper, iron ore and met coal production. It also downgraded guidance for copper production. *** BHP Billiton’s (BLT) quarterly iron ore production was below forecasts and the company reduced guidance for petroleum output. *** Xtract Resources (XTR) issued a cash call for £1 […]

Mining roundup

Coal of Africa’s (CZA) takeover of South African miner Universal Coal collapsed, triggering a 21% decline in the suitor’s share price. Universal Coal is behind schedule with starting production and hadn’t signed a supply deal with state utility provider Eskom. Coal of Africa said it would continue to evaluate acquisition opportunities which might include making […]

Mining Roundup

Edenville Energy’s (LON:EDL) shares were up in late trading after it issued an update on its Rukwa coal to power project, in south-west Tanzania. Edenville says work has started on the next stage of the power plant environmental and social impact assessmen. During Q3, Edenville, along with its consultant Tansheq, will be working to progress […]

Premier Inn to phase out SE Asia operations

Whitbread is to phase out its Premier Inn operations in India and south-east Asia. Premier Inn will focus its international strategy on continuing to grow its businesses in Germany, a structurally attractive hotel market and in the Middle East where it operates a profitable and growing joint venture. Expansion plans for Premier Inn in the […]

Oz policy uncertainty rises after election, says Fitch

The projected narrow victory for Australia’s Coalition government in the recent Federal election will make policy implementation more of a challenge from the previous parliament, and raises uncertainty over the medium-term legislative agenda, says Fitch Ratings. It says the fiscal outlook and the outcome for major Coalition policy proposals could be altered with the government […]

CBI welcomes May as new PM

Britain’s bosses have welcomed the announcement that Theresa May has become the UK’s next Prime Minister. Confederation of British Industry director-general Carolyn Fairbairn said: “The announcement of Theresa May as Britain’s Prime Minister will be welcomed by businesses, who have been calling for strong, stable leadership to help alleviate uncertainty. “Negotiating the UK’s new relationship […]

Augean settles customer dispute

Augean has settled a commercial dispute with a customer – outlined in the preliminary results on 22 March – without a legal claim being made. The detailed terms of which are subject to a confidentiality agreement. The total cost of the settlement, including amounts paid to the customer, adviser fees and other related costs, is […]

Wizz engines deal

Wizz Air Holdings has agreed to equip its 110 Airbus A321neo aircraft with Pratt & Whitney’s PurePower Geared Turbofan engines in a deal worth over $2.5bn. Deliveries of the A321neo will start in 2019. The agreement also covers an additional 90 A321neo aircraft over which Wizz Air has uncommitted purchase rights as well as a […]

Globalworth schedules AGM

Globalworth Real Estate Investments will hold its annual general meeting at its registered office at Ground Floor, Dorey Court, Admiral Park, St Peter Port, Guernsey, on 26 July at 10.00 a.m. At 1:08pm: (LON:GWI) Globalworth Real Estate Investments share price was 0p at 5.5p Story provided by StockMarketWire.com

African Potash agreement with Nutri-Aid Trust

African Potash has made the initial delivery under the co-operation and exclusivity agreement signed with Nutri-Aid Trust in May. Nutri-Aid is a Zambian non-profit enterprise, which has been pioneering work in developing and supporting a village level agri-dealer network across the country. Under the agreement African Potash will provide assistance to Nutri-Aid’s supply network, which […]

Police probe into JKX Ukrainian unit continues

JKX Oil & Gas says the police investigation into its Ukrainian subsidiary, Poltava Petroleum Company, which started on 14 June, is continuing. Since the initial visit the local police have continued to request additional documentary information, most recently on 11 July. PPC is continuing to cooperate fully with the authorities and believes that it is […]

Edenville update on Rukwa project

Edenville Energy has issued an update on its Rukwa coal to power project, in south-west Tanzania. Edenville says work has started on the next stage of the power plant environmental and social impact assessmen. During Q3, Edenville, along with its consultant Tansheq, will be working to progress the necessary requirements needed to meet the standards […]

Boussard & Gavaudan NAV update

Boussard & Gavaudan says the estimated net asset value of its sterling shares was £19.0458 at the close of business on 12 July. The estimated NAV of its euro shares was €21.7855. At 8:54am: (LON:BGHS) Boussard Gavaudan Holding share price was 0p at 1485p Story provided by StockMarketWire.com

BACIT schedules AGM

BACIT will hold its annual general meeting at the offices of Northern Trust International Fund Administration Services (Guernsey) Limited, Trafalgar Court, Les Banques, St Peter Port, Guernsey, on 6 September at 10.30 a.m. At 8:45am: (LON:BACT) Bacit Ltd share price was +0.5p at 132.5p Story provided by StockMarketWire.com

AFI Development loan repayment deferred

VTB Bank has agreed to defer loan repayments by AFI Development until 1 August. Quarter principal payments of US$1.815 million and US$6.5 million were due on 30 June under the loan facilities provided to Krown Investments LLC and Bellgate Constructions. At 8:33am: (LON:AFRB) AFI Development Plc share price was +0.01p at 0.13p Story provided by […]

Etalon new contracts sales up

Etalon Group’s new contract sales in the six months to the end of June increased by 165% year-on-year to 236 ths sqm, and by 192% year-on-year to RUB23,143 million. The number of new contracts was 4,520, or 143% more than in 1H 2015 and deliveries increased 4% year-on-year to 94 ths sqm. Story provided by […]

AZ resolves Faslodex patent litigation in US

AstraZeneca has entered into an agreement with Sandoz and affiliates to resolve Faslodex (fulvestrant) patent litigation in the US relating to Sandoz’s generic fulvestrant product, for which it is seeking FDA approval. The US Faslodex patents in question are due to expire in January 2021, with paediatric exclusivity continuing until July 2021. Yesterday, the United […]

Mining Roundup

Goldplat (LON:GDP) was the sector’s biggest faller. Goldplat said the group had a very active month of June, with its South African operations performing ahead of expectations. But its 74%-owned Goldplat Recovery (Pty) Limited had been informed that Rand Refinery disputed an amount due to GPL in relation to a binding Memorandum of Understanding to […]

BCRE unit agrees German deal

Brack Capital Real Estate Investments subsidiary Brack Capital Properties has entered into a notarised acquisition agreement with a third party to acquire 173 residential units in Dortmund, Germany, for €8.2 million. Completion of the transaction is subject to the fulfilment of the conditions required relating to the transfer of the ownership rights including obtaining all […]

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