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…
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…
Telstra to sell Clayton data centre for $416.7 million
LONDON: Telstra Corporation entered an agreement to sell its data centre complex in Clayton, Victoria, to Centuria Industrial REIT for $416.7 million, a news release said. The sale includes a triple-net lease-back arrangement which means Telstra will retain ownership of all IT and telecommunications equipment, as well as ongoing operations and responsibility for building upgrades…
British American Tobacco appoints Guy Meldrum as new President of Reynolds American Inc
LONDON: British American Tobacco (BAT) has announced a new President for US business, Reynolds American Inc. Ricardo Oberlander will step down as President of Reynolds American, Inc. and from the Management Board on 31 August 2020 and will leave the Group at the end of the year. Ricardo has been with the Group for almost…
ADMM and Gfinity launch new digital motorsport competition V10 R-League
LONDON: Gfinity Plc, a world-leading esports and gaming solutions provider, and Abu Dhabi Motorsport Management (ADMM) have launched a new digital motorsport competition, the V10 R-League. The V10 R-League is launched as part of the Global Racing Series, the first stage of the activation of the 5-year agreement between ADMM and Gfinity announced on 4…
Allied Minds’ portfolio company, TableUp acquired by TouchBistro
LONDON: Allied Minds plc announced that its portfolio company, TableUp Inc. has been acquired by TouchBistro Inc. Terms of the acquisition were not disclosed. The acquisition was structured as a stock-for-stock transaction in which TouchBistro acquired 100% of the shares of TableUp in exchange for the issuance of TouchBistro common shares to the shareholders of…
Diurnal’s Alkindi receives approval from the Ministry of Health in Israel
LONDON: Diurnal Group plc announced that Alkindi (hydrocortisone granules in capsules for opening) has received approval from the Ministry of Health in Israel as a replacement therapy of adrenal insufficiency (AI) in infants, children and adolescents (from birth to <18 years old). Israel represents a significant potential market opportunity, given the estimated higher than global…
BATM and Arm successfully complete proof-of-concept with Vodafone
LONDON: BATM Advanced Communications Limited, a leading provider of real-time technologies for networking solutions and medical laboratory systems, announced the successful completion of a proof-of-concept by leading network operator, Vodafone, of the Arm-based uCPE that is run on the NFVTime operating system developed by the Group’s wholly-owned subsidiary, Telco Systems. The Arm-based uCPE was tested…
NetScientific plans to acquire EMV Capital; £2.3 million share issue
LONDON: NetScientific plc, the transatlantic healthcare IP commercialisation group, has conditionally agreed to acquire EMV Capital, an investment services company which has interests in the industrial high-tech, energy, circular economy, smart city, transportation and healthcare sectors. The Directors of NetScientific are proposing a capital reorganisation in order to increase the market value of the Company’s…