COPENHAGEN: MT Højgaard Holding A/S has announced that President and CEO Anders Heine Jensen has left his post. The Board of Directors has initiated the search for his successor. Board member Morten Hansen will become acting President and CEO. Carsten Dilling, Chairman of the Board of Directors, says: “Anders Heine Jensen has played an important…
Yili launches Yili Future Intelligence and Health Valley to promote health industry development
BEIJING /Knowledge Bylanes: China’s dairy giant Inner Mongolia Yili Industrial Group has launched “Yili Future Intelligence and Health Valley” in Hohhot, capital of north China’s Inner Mongolia Autonomous Region, striving for boosting the health industry in the region. The newly launched intelligent valley is a large-scale complex project integrating industry, city, and tourism, aiming to…
ECO members emphasize on enhancing connectivity, promotion of regional tourism
KARACHI: The chambers of commerce and industry of Economic Cooperation Organization (ECO) member countries have emphasized on enhancing the connectivity and promotion of regional tourism prospects, a press release said. The Chambers proposed harmonization of visa regime, implementation of ECO Visa Sticker Scheme and White Card Scheme, holding of ECO Tourism Forum, Investment in tourism…
Saint-Gobain to acquire Continental Building Products for $1.4bn
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…