LONDON: The British Honey Company (BHC), the producer of premium British honey-infused spirits and alcohol sanitiser products, announced the signing of a Joint Venture Agreement with Cottisford Limited, the Company’s largest shareholder controlling 29 percent of the Company’s issued share capital and a related party of the Company. Under the Agreement, BHC and Cottisford will…
KEFI Minerals welcomes Saudi Arabia’s new Mining Investment Law
LONDON: KEFI Minerals has welcomed the approval by the Saudi Arabian Cabinet in June 2020 of a new Mining Investment Law, which is aimed at boosting the country’s mining industry and is part of Saudi Arabia’s plan to diversify its economy away from hydrocarbons. The Company also welcomes the expanded role of the Saudi Investment…
TraceSafe partners with Atmosic Technologies
TORTOLA: TraceSafe Inc., a global leader in wearable safety tech announced it will include Atmosic Technologies’ cutting-edge Bluetooth 5.0-based M2 system-on-chip (SoC) solution in its AllSafe wristbands to enable reliable device-to-device connectivity for contact tracing. Atmosic’s M2 solution will equip TraceSafe’s leading AllSafe wristbands with long-range connectivity of up to 100 meters and a “forever”…
Exro Technologies and SEA Electric partner to enhance electric powertrain technology
VANCOUVER: Exro Technologies Inc. and Australia’s SEA Electric Pty Ltd. are partnering to enhance electric powertrain technology for heavy duty trucks and delivery vehicles. Recognized as a global leader in the electrification of commercial vehicles, SEA Electric and Exro will codevelop and test powertrains based on Exro’s Coil Driver and the SEA-Drive technologies. Founded in…
Spotify launches in Russia and 12 additional European markets
MOSCOW: Spotify launched its service in 13 new markets across Europe including Russia, one of the world’s top 20 largest streaming markets. Already the world’s most popular audio streaming subscription service, with today’s expansion, Spotify now reaches a current total of 92 markets worldwide. Spotify’s 13 new markets include: Albania, Belarus, Bosnia & Herzegovina, Croatia,…
Rostelecom acquires Forkam, a digitization provider for utility companies
MOSCOW: Rostelecom PJSC, the largest integrated digital service provider in Russia, announced that it has signed the agreements to secure a 51% interest in Forkam Limited, a provider of smart software solutions in the utilities sector. Forkam’s key products include proprietary software solutions in accounting, planning and maintenance of city infrastructure facilities, supplier management and…
AM Best assigns negative outlook to Chile’s insurance industry
MEXICO CITY: Insurance sector rating agency, AM Best has assigned a negative market segment outlook to Chile’s insurance industry, citing contractions of premium volume, limited financial flexibility and regulatory changes that have diminished the attractiveness and profitability of the health and annuity segments, all of which are being exacerbated by the COVID-19 pandemic. The Best’s…
OKEA announces acquisition of Aurora discovery from Equinor
TRONDHEIM, NORWAY: OKEA ASA announced that the company has signed a Sales and Purchase Agreement (SPA) with Equinor Energy AS for the acquisition of Equinor’s 40% operated working interest in PL195 and PL195 B, which include the Aurora discovery, with effective date 1 January 2020. Aurora is a small gas discovery in the North Sea…
BW LPG sells Berge Summit for $9.0 million
SINGAPORE: BW LPG Limited has concluded the sale and delivery of Berge Summit to its new owner for continued trading. Berge Summit was built in 1990 with a carrying capacity of 78,489 cbm and has been used as a LPG floating storage for a gas-to-power project for the last 5 years. The sale is expected…
Keppel secures FPSO contracts worth about S$73 million from MODEC
SINGAPORE: Keppel Offshore & Marine Ltd has through its wholly owned subsidiaries in Singapore and Brazil secured two contracts worth a combined value of about S$73 million from MODEC Offshore Production Systems (Singapore) Pte Ltd (MODEC), a MODEC, Inc. group company. In Singapore, Keppel Shipyard has been engaged to fabricate, complete and integrate the topside…
Malachite to acquire Sunshine Minerals Solomon Islands Nickel
PERTH: Malachite Resources Limited has signed a Term Sheet to acquire the remaining 85% interest in Sunshine Mineral Limited that it does not already own. Malachite has previously acquired 15% of Sunshine Minerals Limited, a private company incorporated in the Solomon Islands. Sunshine owns 80% of Sunshine Nickel which holds PL 01/18 located on the…
Susan Paterson completes service on Sky New Zealand board
AUCKLAND: Susan Paterson ONZM will conclude her current term on the Sky Board in October and has chosen not to seek re-election at the forthcoming Annual General Meeting. Sky Chairman Philip Bowman commented: “Susan Paterson has made a significant contribution to Sky since she joined the Board in 2015, and we are grateful for her…