LONDON: Trident Royalties Plc announced the pre-completion meeting for the Pukaqaqa Royalty Package acquisition from Orion Resource Partners has now been held and that completion will occur automatically on Admission of the Consideration Shares. On 18 December 2020, the Company announced that it had entered into a binding agreement to acquire a package of existing…
Valereum Blockchain engages Kyudoka Capital to forward bitcoin mining strategy
LONDON: Valereum Blockchain Plc has engaged specialist North American consultants, Kyudoka Capital Corporation to provide strategic technology advisory services to Valereum for its pipeline of blockchain and DeFi opportunities. Kyudoka will be working with Valereum to provide advice, detailed strategy, and phased implementation plans with respect to building expandable cryptocurrency mining operations and infrastructure. North…
K-Electric’s installs entire power train of first unit of its RLNG based 900MW flagship power plant
KARACHI: K-Electric’s flagship 900 MW power plant, BQPS-III is progressing on fast track basis as the entire power train of first unit consisting of gas turbine, steam turbine, generator and heat recovery boiler have arrived and installed at the power utility’s Bin Qasim Power Complex. All relevant civil structural work is completed and associated auxiliaries…
NEXION Group signs agreement to acquire Blue Sky Telecom
SYDNEY: NEXION Group Ltd has entered into an agreement to acquire 100% of the issued share capital of Blue Sky Telecom Pty Ltd, a news release said. Acquisition forms part of NEXION Group’s expansion strategy outlined in the Company’s recent Prospectus, specifically acquiring local ICT service providers that bring relevant skills and expertise to the…
HBL to acquire Silkbank’s consumer portfolio
KARACHI: Silkbank Limited has accorded in-principle approval to Habib Bank Limited (HBL) to conduct due diligence of the consumer portfolio of Silkbank, a bourse filing said. HBL had approached Silk Bank Limited seeking concurrence to HBL to apply to State Bank of Pakistan (SBP) to proceed with the due diligence of the consumer portfolio of…
Nexity to sell 45% of the capital in Ægide-Domitys to AG2R LA MONDIALE
PARIS: Nexity and AG2R LA MONDIALE signed agreements allowing them to enter into exclusive negotiations for the disposal of control of the Ægide-Domitys group. The founders, around Jean-Marie Fournet (JMF Conseil) are committed in this transaction. Nexity would sell 45% of the capital and retain an 18% stake in Ægide-Domitys, remaining a significant minority shareholder…
Total begins producing sustainable aviation fuel in France
PARIS: Total SE has begun producing sustainable aviation fuel (SAF) at its La Mède biorefinery in southern France and its Oudalle facility near Le Havre, a news release said. The biojet fuel, made from used cooking oil, will be delivered to French airports starting in April 2021. Total will also be able to produce SAF…
Everfuel signs MOU for hydrogen supply to new zero-emission ship concept
HERNING: Everfuel A/S announced the signing of a Memorandum of Understanding (MOU) with an undisclosed German-Norwegian shipping company for collaboration on hydrogen supply to a new zero-emission shipping solution. The two parties are exploring a cooperation whereby Everfuel will be responsible for delivery of hydrogen, including planning, installation and operation of an optimized, scalable fueling…
Alstom announces first order of hydrogen trains in France
PARIS: Auvergne-Rhône-Alpes, Bourgogne-Franche-Comté, Grand Est and Occitanie regions sign the very first order of dual mode electric-hydrogen trains in France. This marks a historic step in rail transport’s reduction in CO2 emissions for the benefit of passengers and regions, and in the development of a hydrogen ecosystem as well as a promising sector for the…
Anglo American to demerge South Africa thermal coal operations
LONDON: Anglo American plc announced the demerger of its thermal coal operations in South Africa, subject to the approval of Anglo American’s shareholders on 5 May 2021. The separation will be implemented through the transfer of Anglo American’s thermal coal operations in South Africa to a new holding company, Thungela Resources Limited, the demerger of…
Zenith signs extension of SPA for SLK acquisition from KUFPEC
LONDON: Zenith Energy Netherlands has signed an extension agreement in respect of the conditional sale and purchase agreement (SPA) it signed with KUFPEC (Tunisia) Limited (KUFPEC), a 100% subsidiary of Kuwait Foreign Petroleum Exploration Company K.S.C.C, a subsidiary of the State of Kuwait’s national oil company, for a participation in, inter alia, the North Kairouan…
MMX to sell majority of assets to GoDaddy’s Registry Services LLC for $120 million
LONDON: Minds + Machines Group Limited (MMX) has conditionally agreed to sell the majority of the company’s assets and transfer its rights and obligations under contracts and/or government approvals relevant for the operation of the assets to Registry Services LLC (GoDaddy Registry), an affiliate of GoDaddy Inc., for US$120 million in cash. The Consideration is…