MELBOURNE: Major companies including BASF, CSSA, Layfield, London Drugs, Merlin Plastics, NOVA Chemicals, Recycle BC, Return-It, Save on Foods and V.I.P. Soap have joined forces to commence a pilot project to respond to one of the most pressing environmental challenges –plastic waste. Supported by reciChain, these companies aim to strengthen the circular supply chain, extend…
Category: Australian Exchange
Australian Securities Exchange news today and company announcements regarding mergers, acquisitions, appointments, expansion and technology of companies listed on Australian Securities Exchange (ASX).
Sumit Deb appointed as Chairman of Legacy Iron Ore Limited
SYDNEY: Legacy Iron Ore Limited has appointed Shri Sumit Deb as Non-Executive Chairman, a news release said. Mr Deb has recently been appointed as Chairman cum Managing Director of NMDC Ltd, Legacy Iron’s largest shareholder, and now assumes the position of Chairman of Legacy Iron. Mr Deb is a graduate in Mechanical Engineering from Orissa…
Fremont Petroleum deploys workover program to increase oil production
SYDNEY: Fremont Petroleum Corporation has confirmed that a workover program is now underway to enhance the performance of an initial 26 wells in Colorado and Kentucky and deliver more consistent daily oil production and revenue. As the oil price has strengthened, some profitable wells have been brought back on line resulting in initial modest daily…
AusCann appoints Nick Woolf as Chief Executive Officer
PERTH: AusCann Group Holdings Limited announced Nick Woolf as the new Chief Executive Officer (CEO) effective immediately. Nick joins AusCann after some 25 years’ experience in the Investment Banking and Life Sciences industries both in Australia and internationally. His previous roles include CEO of Proteolytics, Chief Business Officer of Suda Pharmaceuticals and Chief Financial Officer…
Austrian government finance package provided to ADX Energy
SYDNEY: ADX Energy Ltd has secured Euro 1.13 million funding for its wholly owned Austrian subsidiary ADX VIE GmbH via a program of Austrian state financing from Austria Wirtschafts Service (AWS) and Volksbank Wien AG which is ADX local commercial bank. The funding is provided with very favourable terms including an average interest rate of…
United Networks acquires business assets of C3 Innovations
SYDNEY: United Networks Limited (UNL) CEO Victor Tsaccounis announced the acquisition of the business assets of C3 Innovations, the fourth transaction over the last 12 months in line with UNL’s strategy of building recurring revenue by acquiring complementary businesses. Details of acquisition include: – UNL has purchased the assets and database of C3 Innovations. C3…
Indiana Resources to acquire South Australia gold projects
PERTH: Indiana Resources Limited has executed a Binding Term Sheet with private company Patron Resources Ltd to acquire 100% of Patron’s subsidiaries, Endeavour Copper Gold Pty Ltd (ECG) and Earea Dam Mining Pty Ltd (EDM), in a cash and scrip based transaction, a news release said. The Consideration for the acquisition is: payment of a…
Warrego appoints CEO for Australian operations
SYDNEY: Warrego Energy Limited announced that it had appointed Mr David Biggs as CEO of its Australian operations from 1 August 2020, reporting to Mr Dennis Donald, Group CEO and Managing Director. David, currently a non-executive director, will remain on the Warrego Board as an Executive Director. David has more than 35 years’ experience in…
Jadar to acquire the Granite Belt, Queensland Silver Mine
PERTH: Jadar Resources Limited has entered into a binding term sheet with Moreton Resources Limited and MRV Metals Pty Ltd for the purchase of MRV’s Southern Queensland Granite Belt tenement portfolio, including MRV’s Granite Belt Silvermining operations which is currently on care and maintenance. Consideration is AU$ 500,000 cash, with non-refundable deposit of AU$ 120,000…
John Gillam to become Nufarm Chairman
SYDNEY: The Nufarm Board of Directors announced the appointment of John Gillam to succeed Donald McGauchie AO as Chairman. Mr Gillam will join the Board on 31 July 2020 and assume the role of Chairman on 24 September 2020 following Mr McGauchie’s retirement as Chairman and Non-executive Director, which was previously advised at the company’s…
Nanoveu signs Thai and Malaysian distribution agreements
SYDNEY: Nanoveu Limited has signed distribution agreements for the it’s antiviral protection products with Sanyo Trading Company Limited for the Thai and Malaysian markets. Sanyo Trading is a major corporation listed on the Tokyo Stock Exchange which provides trading services, managing the import and export of rubber, chemicals, machinery and other scientific and industrial products….
ACCC proposes to continue to allow airlines to cooperate on regional routes
PERTH: Regional Express Pty Ltd (Rex) will be allowed to continue to coordinate flight schedules with Qantas and Virgin Australia on 10 regional routes (the relevant routes) in response to the COVID-19 pandemic, under an Australian Competition and Consumer Commission (ACCC) proposed authorisation released today. The draft determination proposes the grant of authorisation on broadly…