VANCOUVER: Bam Bam Resources Corp., a copper and gold company, has completed the first core hole for the 2020 Phase 1 drilling program at its flagship Majuba Hill Property, a copper, gold porphyry project located in Pershing County, Nevada. The hole was designed to expand the copper, gold, and silver mineralization identified in the historic…
Magnora signs letter of intent to invest in a UK onshore wind development project
OSLO: Magnora ASA, a leading Norwegian renewable energy investment company releases its fourth investment update – a letter of intent to invest in a UK onshore wind development project company with potential of 50 MW. Magnora makes another investment in a wind development project through a cooperation with a project development company in Scandinavia. The…
Blue Lagoon delivers positive preliminary economic assessment for its Dome Mountain Gold Mine Project
VANCOUVER: Blue Lagoon Resources Inc. announced a mineral resource and a positive preliminary economic assessment (PEA) for the company’s Dome Mountain Mine gold deposit, located a short 50 minute drive from the town of Smithers, B.C. The PEA was completed by Roughstock Mining Services of Bozeman, Montana. The Dome Mountain Gold Mine Project currently holds…
Guocoland secures s$730 million green loan for a residential cum commercial project
SINGAPORE: GuocoLand Limited through its indirect subsidiaries, MTG Apartments Pte. Ltd. and MTG Retail Pte. Ltd., has secured a S$730 million green club loan from OCBC Bank, DBS Bank and ICBC Singapore Branch for the construction of a new luxury residential cum commercial development at Tan Quee Lan Street. The development is a joint venture…
Online automotive retailer Vroom files registration statement for proposed IPO
NEW YORK: Vroom Inc. has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to the proposed initial public offering (IPO) of its common stock. Application has been made for listing the common stock on the Nasdaq Global Market under the ticker symbol “VRM.” The number of shares…
Hemp grower launches building supplies division to capitalise on increasing demand
LONDON: HempFlax Int’l Ltd, Europe’s industrial hemp grower and processor, has launched its building supplies division following the acquisition of the assets, licencing, brand and certifications of Thermo Natur GmbH & Co. KG, a manufacturer of natural fibre insulation materials. The deal accelerates HempFlax’s strategy to integrate the business and own even more of the…
Fusionex International to implement data-driven digital platform for oil and gas giant
SINGAPORE: Fusionex has clinched a contract with one of the region’s largest oil and gas companies to implement a data-driven digital platform to enhance customer experience. The client is a global energy company, ranked amongst the largest corporations on Fortune Global 500 with over 1,000 gas stations. Known for their oil and gas ventures, their…
James Carey appointed Director of Technology at Alpha FX Group
LONDON: Alpha FX Group plc, an FX risk management and payments specialist, announces the appointment of James Carey as Director of Technology with immediate effect. James brings significant experience to Alpha, having spent 6 years at Betfair, most recently as Head of Technology, where he was responsible for the Betfair Exchange, the largest sports betting…
First Derivatives signs global partnership agreement with Tata Consultancy
LONDON: First Derivatives Plc (FD) has signed a global partnership agreement with Tata Consultancy Services (TCS), a leading global IT services organization, to develop and deploy solutions based on Kx technology and targeted at TCS’s client base across multiple industries. TCS has been the growth and transformation partner to leading corporations across industry verticals, helping…
Total, PureCycle agree to develop strategic partnership in plastic recycling
PARIS: Total has signed an agreement with PureCycle Technologies to develop a strategic partnership in plastic recycling. As part of the agreement, Total undertakes to purchase part of the output of PureCycle Technologies’ future facility in the United States and to assess the interest of developing a new plant together in Europe. PureCycle Technologies uses…
Silverlake wins digital innovation enhancement and maintenance contracts
SINGAPORE: Silverlake Axis Ltd has secured contracts to deliver innovative and transformative digital innovation enhancement solutions to 15 of its existing customers and one extended maintenance support contract during the third quarter ended 31 March 2020. The contracts are signed with 2 leading banks in Singapore, 6 large Malaysian banks, 3 banks in Indonesia, a…
Huawei opposes amendments made by the US Department of Commerce to its foreign direct product rule
NEW YORK: “Huawei categorically opposes the amendments made by the US Department of Commerce to its foreign direct product rule that target Huawei specifically”. This statement was issued officially by Huawei today. The statement further highlighted that the US government added Huawei to the Entity List on May 16, 2019 without justification. Since that time,…