BARCELONA, SPAIN: Hutchison Logistics Synergy will connect by train Hutchison Ports Best terminal in Barcelona with the city of Toulouse as of next November. The new rail service will have three weekly connections in both directions with the possibility of transporting 108 TEUs each way. “Our goal is to offer shippers in the area an…
Casino Group sells its stake in Colombian retailer Éxito Group to El Salvador’s Grupo Calleja
Disposal of group Casino’s stake in Éxito Group PARIS, FRANCE: Casino Group has agreed to sell its 34.05% stake in Almacenes Éxito S.A. (Éxito Group), a leading grocery retailer in Colombia, to Grupo Calleja, the owner of Super Selectos, the top food retailer in El Salvador. The deal was approved by Casino’s Board of Directors…
Al Seer Marine receives VLGC North Gas, increasing fleet size to 20
ABU DHABI, UAE: Al Seer Marine (ADX: ASM), a prominent global player across multiple marine sectors and a subsidiary of Abu Dhabi-based International Holding Company (ADX: IHC), has announced the takeover of the very large gas carrier (VLGC) North Gas. This strategic move marks the second VLGC delivery under the AED 495 million deal signed…
Titomic to supply cold spray systems to Airbus for aerospace applications
SYDNEY, AUSTRALIA: Titomic Limited, a global leader in cold spray technology, has announced a strategic partnership with Airbus Group, the world’s largest aerospace company. Titomic will provide two cold spray systems to Airbus for EUR 386,900 (AUD 645,000), enabling unique coatings and repairs capabilities for aerospace components. The partnership will also allow Titomic to work…
Vital Metals appoints Dr Geordie Mark as its Managing Director & CEO
SYDNEY, AUSTRALIA: Vital Metals Limited (ASX: VML) announced the appointment of mining sector professional Dr Geordie Mark as its Managing Director & CEO. Most recently, Dr Mark was the Head of Mining for Haywood Securities Inc., where he held different roles and sub-sector coverages from 2008. These responsibilities developed significant experience in assessing natural resource-related…
Rite Aid files for bankruptcy, plans to close stores and restructure debt
Rite Aid, the struggling drugstore chain, has filed for Chapter 11 bankruptcy protection and announced a plan to restructure its debt and close underperforming locations. The company said it reached a deal with creditors on a $3.45 billion financing package that will provide enough liquidity for its turnaround strategy. The company has been facing slowing…
SkyCity Entertainment CEO Michael Ahearne to resign
SYDNEY, AUSTRALIA: SkyCity Entertainment Group Limited (SkyCity) announced today that its Chief Executive Officer, Michael Ahearne, will resign from his position by the end of March 2024 and move back to Europe with his family. Michael joined SkyCity in December 2017 as the Group Chief Operating Officer and became the Chief Executive Officer in November…
Seeing Machines and Raytheon developing aviation fatigue detection solution
LONDON, UK: Seeing Machines Limited has signed a Purchase Agreement and Statement of Work with Collins Aerospace, a Raytheon Technologies (NYSE: RTX) business, and a leader in technologically advanced and intelligent solutions for the global aerospace and defence industry. This joint development of a fatigue risk management solution using Seeing Machines technology, will be taken…
Safestay Plc has agreed to acquire Edinburgh Hostel for £4.3 million
LONDON, UK: Safestay Plc (AIM: SSTY), the owner and operator of an international brand of contemporary hostels, has agreed to acquire a freehold property in the centre of Edinburgh, which until a few years ago operated as a hostel, for cash consideration of £4.3 million. The property is an attractive and spacious Grade A listed…
Orosur Mining teams up with Jurassic Mines to explore for lithium pegmatites in Nigeria
LONDON, UK: Orosur Mining Inc., a minerals explorer and developer with operations in Colombia, Argentina and Brazil, has announced a joint venture agreement with Jurassic Mines Ltd. to explore for lithium in Nigeria. The company believes that Nigeria has great potential for lithium pegmatite deposits, which are used to make batteries for electric vehicles and…
IBM ups its offer for Corcel’s share of Mambare, a nickel/cobalt project in Angola
LONDON, UK: Corcel Plc, the Angolan focused exploration and production company, has received a revised offer from Integrated Battery Metals (IBM) to purchase the company’s 41% interest in the Mambare nickel/cobalt project. IBM has conditionally agreed to purchase Corcel’s 41% interest in the Mambare nickel/cobalt project (including the outstanding shareholder loans due to Corcel by…
Genesis Minerals makes a $328 million bid for Dacian Gold, a rival mining company
SYDNEY, AUSTRALIA: Genesis, a mining company, wants to buy all the shares of Dacian, another mining company, that it does not own yet (about 80% of Dacian’s shares). Genesis has made a formal offer to Dacian’s shareholders, which has been approved by Dacian’s board. The offer is as follows: Dacian Independent Non-Executive Chairman, Craig McGown,…