LONDON: The Board of Thor Mining Plc has announce commencement of the second drilling program at the Bonya tungsten deposits adjacent to its key 100%-owned Molyhil tungsten and molybdenum project, in the Northern Territory of Australia. The Bonya project is held in joint venture with Arafura Resources Limited, with both parties contributing to the cost…
Imperial College London upgrades to Vicon’s solutions
LONDON: Oxford Metrics plc the international software company servicing government, life sciences, entertainment and engineering markets announced that Vicon, a world leader in motion measurement, has signed a contract with Imperial College London, a global top ten university, to upgrade to both its flagship Vantage solution and flexible Vero solution. The Human Performance Group, part…
KEFI Congratulates Abiy Ahmed
LONDON: KEFI Minerals, the gold exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, has congratulated the Ethiopian Prime Minster, His Excellency Abiy Ahmed, on being awarded the Nobel Peace Prize and this recognition of the profound and progressive advances on many fronts that have…
Neptune Energy acquires North Sea assets from Energean for $250mn
LONDON: Neptune Energy has entered into a conditional Sale and Purchase Agreement with Energean Oil and Gas to acquire Edison E&P’s UK and Norwegian producing, development and exploration assets for an initial cash consideration of $250 million. The purchase is contingent on Energean completing its proposed acquisition of Edison E&P. The transaction is subject to…
Sistema completes merger of OBL Pharm and Binnopharm
MOSCOW: Sistema PJSFC, a publicly traded diversified Russian holding company, announces the completion of the merger of pharmaceutical assets JSC Pharmaceutical Enterprise Obolenskoe (OBL Pharm) and JSC Binnopharm. The merged company will operate under the brand Alium. As a result of Sistema’s participation in an additional issue of OBL Pharm shares, Sistema’s effective stake in…
Shell Pakistan introduces aluminum tank lorries
KARACHI: Shell Pakistan Limited is dedicated to improving industry standards, setting benchmarks and bringing innovation to Pakistan’s energy industry. Shell Pakistan recently inducted aluminum tank lorries for their dedicated Haulier fleet for the distribution of fuel across Pakistan’s improved road network to Shell’s customers. The new aluminum tank lorries enhance efficiency by allowing higher volumes…
Tufton Oceanic makes $8.75m investment in one containership
LONDON: The Board of Tufton Oceanic Assets Limited announced that the Company has agreed to acquire a Containership for $8.75 million. This acquisition will take the Company’s fleet to seventeen vessels. The vessel is time chartered to part of a major, investment grade, container shipping group for at least three years. The forecasted yield exceeds…
Avacta signs collaboration and option agreement with ADC Therapeutics
LONDON: Avacta Group plc, a biotechnology company developing novel cancer immunotherapies based on its proprietary Affimer platform, has entered a collaboration and option agreement with ADC Therapeutics SA (Lausanne, CH), a clinical-stage oncology-focused biotechnology company pioneering the development of highly potent and targeted antibody-drug conjugates for patients suffering from haematological malignancies and solid tumors. The…
Sensyne Health Partners with Bayer
OXFORD, UK: Sensyne Health plc, the British clinical AI technology company, has joined Bayer’s LifeHub UK in an extension of its existing collaboration with Bayer to accelerate the development of new treatments using clinical artificial intelligence. Sensyne Health will work in partnership with Bayer on novel projects at the LifeHub UK including its inaugural project…
Frasers Property Australia and Sekisui House Australia sell retail assets
SYDNEY: Frasers Property Australia and Sekisui House Australia, the joint venture partners behind the award-winning A$2 billion Central Park in Sydney CBD, have sold and settled the three final retail assets in the mixed-use community to a consortium comprising Fortius Funds Management and SC Capital Partners Group on behalf of its RECAP V Fund, for…
Tekmar signs agreement to acquire Pipeshield International
LOWESTOFT, UK: Tekmar Group, a market-leading technology provider of subsea protection systems has signed a sale and purchase agreement for the acquisition of Pipeshield International for a consideration of £6.5 million from its founder Steven Howlett. The consideration will be satisfied via £3.0 million in cash and £0.75 million through the issue of 573,833 new…
ProPhotonix Limited gets 5-year supply agreement from a Fortune 50 conglomerate
NEW HAMPSHIRE: ProPhotonix Limited, a designer and manufacturer of LED illumination systems and laser diode modules with operations in Ireland and the United Kingdom, today announced the award of a five year supply agreement, for custom LED illumination devices and maintenance products, from a Fortune 50 conglomerate. The custom LED illumination devices feature a unique…