LONDON: Saint-Gobain and Continental Building Products have entered into a definitive agreement pursuant to which Saint-Gobain will acquire all of the outstanding shares of Continental Building Products for $37.00 per share, in cash, in a transaction valued at approximately $1.4 billion (approximately €1.3 billion). The business combination has been unanimously approved by the Board of…
Echo completes acquisition of working interest in Santa Cruz Sur package
LONDON: Echo Energy, the Latin American-focused upstream oil and gas company, announced that the acquisition by the Company of a 70 percent initially non-operated working interest in the Santa Cruz Sur package of five mature producing blocks, from Petrolera El Trebol SA, a subsidiary of Phoenix Global Resources plc has now completed. Martin Hull, Chief…
Velocys delivers order for bio refinery project in Japan
LONDON: Velocys plc has constructed and now delivered Fischer-Tropsch (FT) reactors and catalyst to Toyo Engineering Corporation (Toyo) for use in a biomass-to-jet fuel demonstration facility in Nagoya, Japan. Toyo is currently constructing the bio-jet fuel facility as part of a consortium of Japanese companies. The order for Velocys was previously announced on 19th September….
Arc Minerals to sell stake in Casa Mining to Century Capital
LONDON: Arc Minerals has entered into a binding Sale and Purchase Agreement to sell Arc’s entire 99.43% interest in Casa Mining Limited to Century Capital Management Ltd, a Canadian private equity group for consideration payable of up to US$9.8 million. Completion of the transaction is conditional on, inter alia, final due diligence being completed and…
Nils Andersen appointed chairman of Unilever
LONDON: Unilever today announced that Marijn Dekkers has decided to step down as Chairman of the Board with immediate effect. Nils Andersen, Non-Executive Director, has been appointed by the Board to succeed Marijn as Chairman of Unilever. Marijn, who was appointed as Chairman of Unilever in April 2016, has chosen to stand down as Chairman…
ADNOC and Total collaborate to deploy automated seismic acquisition system in Abu Dhabi
PARIS–(BUSINESS WIRE)–The Abu Dhabi National Oil Company (ADNOC) and Total announce their collaboration to deploy the world’s first automated seismic acquisition system in Abu Dhabi. This pilot project, performed with Total’s Multiphysics Exploration Technology Integrated System (METIS), uses autonomous drones and a ground vehicle to drop off and retrieve seismic sensors without human intervention, therefore…
Carawine Resources forms joint venture with FMG Resources
PERTH: Gold and base metals explorer Carawine Resources Limited has entered into a Farm-In and Joint Venture Agreement with FMG Resources Pty Ltd to explore Carawine’s “Lamil Hills”, “Trotman South” and “Sunday” tenements. Agreement provides Fortescue with a significant and highly prospective tenement holding within the Paterson Province. Agreement ensures Carawine is well positioned to…
COG and CML groups agree on merger to establish financial services group
SYDNEY: Consolidated Operations Group Limited (COG) and CML Group Limited have entered into a Scheme Implementation Agreement (SIA) to a proposed merger to establish a leading financial services group focusing on servicing SME businesses in Australia. The merger will be implemented via a court-approved scheme of arrangement with CML shareholders pursuant to which COG will…
Bardoc completes acquisition of Mayday and North Kanowna Star Gold Projects
FREMANTLE: Bardoc Gold Limited has completed the acquisition of the Mayday and North Kanowna Star gold projects from Strategic Projects Mining Pty Ltd. The project areas include a combined JORC compliant Indicated and Inferred Mineral Resource totalling 111,600oz, which the Company aims to expand over the coming months through a +10,000m Reverse Circulation and diamond…
BlackEarth commences trial mining at Maniry Graphite Project
PERTH: BlackEarth Minerals NL has commenced the excavation of 60 tonnes of bulk material from the Maniry Graphite Project in southern Madagascar, as part of its trial mining / large scale pilot program. The mining and excavation activities on site are expected to be completed by late November, and the 60+ tonnes bulk sample is…
Desane completes $9.5mn purchase of Brisbane industrial asset
SYDNEY: Desane Properties Pty Ltd, a controlled entity of Desane Group Holdings Limited, has today completed the purchase of the 21,750m2 industrial property asset located in the Brisbane suburb of Wacol. The property was acquired for $9.5 million from the City of Brisbane Investment Corporation and is leased to the Brisbane City Council on a…
Damac Properties posts revenues of AED2.8bn in nine months
DUBAI: DAMAC Properties Dubai Co. has announced financial results for the nine months of 2019, reporting total revenue of AED 2.8 billion, with booked sales reported at AED 2.4 billion. Gross profits for the same period stood at AED 838 million reflecting gross profit margins of 30.3%. Total assets stood at AED 24.5 billion compared…