SYDNEY, AUSTRALIA: Origin Energy Limited has executed an agreement with the New South Wales Government to delay the retirement of Eraring Power Station by two years, to support security of the state’s electricity supply through the energy transition. Under the Generator Engagement Project Agreement (GEPA) Origin has agreed to extend operations at Eraring to 19…
RareX acquires district-scale niobium project in East Yilgarn
SYDNEY, AUSTRALIA: RareX Limited (ASX: REE) announced the acquisition of a large, district-scale, niobium-rare earth project in the East Yilgarn, 290km east-northeast of Kalgoorlie in Western Australia. The acquisition supports RareX’s goal of becoming a leading critical metals company with the future development of its 100%-owned Cummins Range, carbonatite-hosted, Rare Earths and Phosphate Project and…
Australian Ethical Investment to acquire Altius Asset Management from Australian Unity
SYDNEY, AUSTRALIA: Australian Ethical Investment Limited (ASX: AEF) has entered into a binding agreement to acquire the sustainable fixed income asset management business, Altius Asset Management from Australian Unity. The acquisition, when completed, will see Australian Ethical grow its funds under managemen (FUM) by circa A$2 billion, from $10.3 billion to circa $12.3 billion an…
Telenor Group appoints Benedicte Schilbred Fasmer as new President & CEO
OSLO: Telenor Group’s Board of Directors has appointed Benedicte Schilbred Fasmer as new President & CEO. Sigve Brekke is stepping down December 1st after more than 9 years as President & CEO of Telenor. Telenor’s Board of Directors has carried out an extensive process to identify the right candidate for the position of President &…
GPE acquires West End Flex conversion opportunity at The Courtyard, WC1
LONDON, UK: Great Portland Estates plc (GPE) announced a property swap with the City of London Corporation (CLC). GPE has exchanged contracts to acquire the long leasehold interest at The Courtyard, 1/3 Alfred Place, WC1 for £28.6 million, or £462 per sq ft and the simultaneous sale of its short leasehold interest in 95/96 New…
Petra enters into long-term agreements for renewable energy procurement
LONDON, UK: Petra Diamonds Limited has entered into long-term Power Purchase Agreements (PPAs) for the procurement of wheeled renewable energy for its Cullinan and Finsch Diamond Mines from Etana Energy, a licenced South African energy trader. The PPAs will supply each operation between 36-72% of the expected load requirement from FY2026 onwards through utilising the…
European Green Transition signs option deal to develop carbon sink project in Ireland
LONDON: European Green Transition (EGT) has secured an option to develop a peatland restoration project at Altan farm in Donegal, Ireland. The project aims to generate carbon credits by restoring degraded peatland, which can significantly reduce greenhouse gas emissions. This project follows Scotland’s lead in peatland restoration, with EGT hoping to replicate successful projects there….
Tate & Lyle sells its remaining 49.7% interest in Primient to KPS Capital Partners
LONDON: Tate & Lyle PLC has announced the sale of its remaining 49.7% interest in Primient to KPS Capital Partners, LP, marking the completion of a six-year strategic overhaul aimed at positioning the company as a leader in specialty food and beverage solutions. The transaction, valued at 6.5 times EV/EBITDA for the year ended 31…
ITV announces investment in Strike, trading as Purplebricks
LONDON: ITV Plc today announced its latest Media for Equity investment, and its first of 2024, in online estate agent Strike, trading as Purplebricks. As part of ITV Adventures Invest, its Media for Equity investment fund, ITV has agreed to subscribe for £1.5 million convertible loan notes in Strike Limited, with the option for an…
AAC Clyde Space and partners establish laser satellite communication hub in the Netherlands
AAC Clyde Space, in collaboration with Dutch organizations TNO and FSO Instruments, is creating a hub for laser satellite communications in the Netherlands. The agreement solidifies the commitment of all three parties to build a long-term partnership and establish a European ecosystem for laser satellite communication. Advances in high data volume payloads, particularly for Earth…
Phenom Resources acquires King Solomon Gold Project in Nevada
VANCOUVER, British Columbia: Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0), a gold exploration company, has entered into an option agreement to acquire up to a 100% interest in the King Solomon Gold Project. The project covers 178 claims spanning approximately 1,140 hectares (3,560 acres) in central Nevada. Notably, the King Solomon Project lies…
CTP to construct state-of-the-art dog food facility in Poland
AMSTERDAM: CTP, Europe’s leading industrial and logistics property developer, has been commissioned by PsiBufet and Butternut Box, top dog food manufacturers, to construct a specialized facility at CTPark Zabrze. This facility, spanning nearly 40,000 sqm in the Katowice Special Economic Zone, is set to become a production hub for fresh, healthy dog food, targeting distribution…