SYDNEY, AUSTRALIA: The Board of RTG Mining Inc. announce that Secretary Roy Cimatu of the Department of Environment and Natural Resources (DENR) lifted the four-year-old ban on the open-pit method of mining for copper, gold, silver, and complex ores in the Philippines. The DENR order covers all mining tenement holders that will adopt a surface…
Vejii buys online platform for plant-based products, VEDGEco
VANCOUVER, BRITISH COLUMBIA: Vejii Holdings Ltd., a North American online platform for plant-based and sustainable products, has completed the acquisition of VEDGEco USA Inc. in a $6.25 million deal as of December 31, 2021. VEDGEco is a leading online B2B wholesale marketplace for plant-based products. Pursuant to the purchase agreement, Vejii issued to the vendors…
Gary Bisbee appointed Head of Investor Relations at Thomson Reuters
TORONTO: Thomson Reuters announced Gary Bisbee has joined the company and will transition into the role as its next Head of Investor Relations, effective March 1, 2022. Bisbee will succeed Frank Golden, who informed the company of his intention to retire in July 2022 after 18 years in the role. Based in New York, Gary…
Eiffage consortium wins two offshore wind contracts in the UK
PARIS, FRANCE: Eiffage, through Smulders (the Belgian subsidiary of Eiffage Métal), as part of a consortium, has been awarded two new contracts to manufacture the foundations and electrical substations for two wind farms off the British coast. Alongside the Dutch company Sif, Smulders won the contract to manufacture and supply 87 foundations, each comprising a…
Philippine Airlines exits bankruptcy
LONDON, UK: Avation Plc, the commercial passenger aircraft leasing company, advised that its customer Philippine Airlines Ltd (PAL) has exited bankruptcy and has received court approval for its restructuring plan which was effective 31 December 2021. Pursuant to an agreement with Avation, PAL has retained a Boeing 777-300ER aircraft on lease from Avation in accordance…
Rolls-Royce completes sale of Bergen Engines
LONDON, UK: Rolls-Royce announced the completion of the sale of our Bergen Engines business to Langley Holdings plc for an enterprise value of €63 million. The completion of the transaction, which was announced on 3 August 2021, follows the conclusion of work to separate the business from the Group. Sale proceeds of €91m from the…
Foresight Solar Fund buys stake in Australian solar farms
LONDON, UK: Foresight Solar Fund Limited, a fund investing in a diversified portfolio of ground-based solar PV and battery storage assets in the UK and internationally, has acquired the remaining 51% interests in the Oakey 1 (30 MW) and Longreach (17 MW) solar farms in Queensland, Australia. The Company had acquired a 49% stake in…
Quadrise Fuels appoints Philip Hill as Chief Operating Officer
LONDON, UK: Quadrise Fuels International has appointed Philip Hill as Chief Operating Officer. Philip is a Chartered Chemical Engineer with over 20 years of experience in fuels and chemicals manufacturing, sales and distribution for BP and INEOS. He has significant technical and commercial experience in production operations, technology licensing, asset optimisation, project development and strategic…
Salarius completes oversubscribed crowdfund
LONDON, UK: Tekcapital Plc announced that Salarius’ U.S. subsidiary MicroSalt Inc has completed an oversubscribed Reg CF Crowdfund, having achieved its goal of $750,000. Salarius, is the developer and manufacturer of a proprietary low-sodium salt called MicroSalt®. We are passionate about improving people’s lives by providing the best low-sodium salt. MicroSalt, Inc., Salarius’ U.S. operating…
SigmaRoc acquires Johnston Quarry Group for £35.5mn
LONDON, UK: SigmaRoc plc has acquired Johnston Quarry Group Limited (JQG) and Guiting Quarry Limited for an initial cash consideration of £35.5 million from Nicholas Johnston, Giantflow Limited and Flowgiant Limited. JQG is a specialist quarried materials supplier producing construction aggregates and premium quality building stone, as well as agricultural lime for soil improvement. Its…
MTI agrees to acquire PSK for $1.2mn
LONDON, UK: MTI Wireless Edge Ltd subsidiary MTI Summit Electronics has entered into a share purchase agreement, which includes both a purchase of existing shares in and the making of a new equity investment into PSK, after which MTI Summit will own 51% of PSK. The initial consideration for the acquisition is approximately US$1.2 million,…
The Reflex Group buys Macfarlane Labels for £6.4mn
LONDON, UK: Macfarlane Group has sold Macfarlane Labels Limited and its subsidiaries, Macfarlane Group Ireland (Labels & Packaging) Limited and Macfarlane Group Sweden AB (collectively Macfarlane Labels) which was completed on 31 December 2021. Macfarlane Labels designs and prints high quality self-adhesive and resealable labels, principally for FMCG companies. Macfarlane Labels is being acquired by…