LONDON: Rio Tinto will increase its focus on operational excellence and project development, strengthening the company’s ESG credentials, and rebuilding trust, particularly in Australia, under a new organisational structure. This approach will be underpinned by the safe operation of our world-class assets, continued disciplined capital allocation, and a strong balance sheet. To achieve these goals,…
Lee Marks appointed CEO of nmcn Plc
LONDON: nmcn Plc has announced the appointment of Lee Marks as a Director and Chief Executive Officer (CEO) of the Company. Lee will join nmcn in H1 2021 from NG Bailey Limited one of the UK’s leading engineering and services business with a turnover of £573m (FY 20) and 3,200 employees, where he has been…
Z Energy welcomes government biofuels policy announcement
AUCKLAND: Z Energy has welcomed announcement by the government that a biofuels mandate is to be implemented to help the country make a start on the carbon reduction in transport that is so urgently required. Accompanying Prime Minister Jacinda Ardern, Transport Minister Michael Wood and Climate Change Minister James Shaw at the Z Energy biodiesel…
CEO of MEA and Powershop Australia to step down
AUCKLAND: Meridian Energy confirmed its CEO of Meridian Energy Australia and Powershop Australia, Jason Stein will step down from his role. Due to the ongoing impacts of Covid on travel and personal arrangements, Mr Stein has been unable to relocate with his family from New Zealand to Australia, and so will step down from his…
Lundin Energy plans capital budget of $1.2bn and production of 190,000 Mboepd for 2021
STOCKHOLM: Lundin Energy AB announced its 2021 programme, with a capital budget of USD 1.2 billion and production guidance of between 170 to 190 thousand barrels of oil equivalent per day (Mboepd). The long-term production guidance is increased to over 200 Mboepd by 2023. The Company will achieve carbon neutrality for operational emissions from 2025,…
CO2 GRO announces first commercial feasibility in EU
PARIS: Toronto based CO2 GRO Inc. announced its first commercial feasibility in the EU with France based Plant Advanced Technologies PAT. It is also the first partnership with its UK based Marketing Partner Rika Biotech that is exclusively representing CO2 Delivery Solutions in the UK, the Netherlands and Belgium greenhouse markets. The commercial feasibility is…
Calix announces Michael Weening as President and Chief Operating Officer
SAN JOSE: Calix Inc. announced Michael Weening’s promotion to president and COO. In his new role, Michael adds Intelligent Access EDGE solutions to his existing responsibilities and now has leadership responsibility for all operational aspects of Calix. “Michael joined in 2016 and has been instrumental in our transformation to an All Platform company,” said Carl…
Haztech Energy Corp. acquires Primex Training Centre
REGINA: Haztech Energy Corp. announced the completion of the acquisition of Primex Training Centre Inc., a leading provider of industrial health & safety training and consulting services to industrial clients that operate in remote locations and large projects in Western Canada. Founded in 2013, Primex is headquartered in Regina, Saskatchewan and operates across the prairie…
FCPT buys Raising Cane’s Restaurant for $2.1 million
MILL VALLEY: Four Corners Property Trust (FCPT) announced the acquisition of a Raising Cane’s restaurant for $2.1 million from Washington Prime Group. The property is located in Ohio and is under a triple-net lease to the brand’s corporate entity with a lease term of approximately fifteen years remaining. This acquisition was priced at a capitalization…
Juniper Networks closes Apstra acquisition
Complete Data Center solution from Juniper assures experiences and drives business outcomes with best-in-class automation, open programmability and scalability SUNNYVALE: Juniper Networks has finalized its acquisition of Apstra, a leader in intent-based networking and automated closed-loop assurance, a news release said. The closing of the deal marks a meaningful step toward delivering an unmatched, experience-led…
TeleSign Board appoints Joseph Burton as CEO
LOS ANGELES: TeleSign, the leading provider of customer identity and engagement solutions, announced the appointment of Joseph Burton as CEO effective immediately. As CEO, Mr. Burton will focus on accelerating growth and reinforcing TeleSign’s leading position in programmable communications and digital identity for the world’s largest brands. “TeleSign is a pioneer in digital identity and…
Ministry of Finance: Economic Outlook Jan-2021
The Finance Ministry (Economic Adviser’s Wing), has shared the latest edition of Monthly Economic Update and Outlook for January 2021. We highlight some key points below which are not regularly covered in periodic releases. Due to heavy rains, locust attacks and lower area under cultivation, cotton production is expected at 7.7mn bales (9.2mn last year)…