SYDNEY AUSTRALIA: Newmont, the world’s largest gold miner, has agreed to acquire Australia’s Newcrest Mining in a deal worth $17.5 billion. The deal, which is expected to close in the second half of 2023, would create the world’s largest gold mining company with a market capitalization of over $100 billion. Newmont is offering 0.400 of…
Amazon to Fund 300 New Apprenticeships in UK
Ecommerce giant Amazon has announced it will fund 300 new apprenticeship positions in the next 12 months across 250 small and medium-sized businesses and partners across the UK. The new roles will be funded by Amazon through its apprenticeship levy, which is a tax on companies with a payroll over £3 million. The levy can…
Apple launches satellite communication features for iPhone 14 users in Australia and New Zealand
Apple has launched its emergency satellite communication features for iPhone 14 users in Australia and New Zealand on Monday, allowing them to contact emergency services and share their location with friends and family in places with no cellular or Wi-Fi connectivity. The company announced the service with the iPhone 14 launch last September and first…
Apple Supplier Foxconn to Invest $500 Million in India
Apple supplier Foxconn will invest $500 million to set up manufacturing plants in the southern Indian state of Telangana, the state’s IT minister said on Monday. The investment will create 25,000 jobs in the first phase, K. T. Rama Rao said in a tweet. Reuters in March reported that Foxconn had won an order to…
MotorK to acquire GestionaleAuto.com, a leading automotive retail solutions provider in Italy
AMSTERDAM: MotorK Plc (AMS: MTRK) has entered into advanced negotiations for the acquisition of GestionaleAuto.com, a leading automotive retail solutions provider that serves over 2,000 dealerships in Italy. MotorK and GestionaleAuto.com have both signed exclusive and binding agreements and are working towards a swift completion. Founded in 2004, GestionaleAuto.com is a prominent software as a…
MPC Energy Solutions expands renewable energy development footprint in Latin America
OSLO, NORWAY: MPC Energy Solutions (MPCES), a global renewable energy company, has announced its entry into Panama to enhance its ambition to significantly expand its project pipeline in Latin America. The company will focus on ground-mounted solar PV and has identified sites and grid connection capacity for combined 60-70 MWp, with immediate development works starting….
TotalEnergies launches its largest battery farm in Europe at its Antwerp refinery
PARIS, FRANCE: TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), one of the seven supermajor oil and gas companies, has launched at its Antwerp refinery (Belgium), a battery farm project for energy storage with a power rating of 25 MW and capacity of 75 MWh, equivalent to the daily consumption of close to 10,000 households. This project will be…
Vianet Group acquires US-based inventory software provider, Beverage Metrics Inc
LONDON, UK: Vianet Group plc (AIM: VNET), the international provider of actionable data and business insight through devices connected to its Internet of Things platform (“IOT”), today announced that it has acquired the trade and assets of Beverage Metrics Inc (“BMI”), a Denver, USA based provider of inventory software solutions to the USA hospitality sector,…
Trident Royalties acquires La Preciosa Silver Project royalties from Coeur Mining for $7mn
LONDON, UK: Trident Royalties Plc has announced its acquisition of royalties and a milestone payment over the La Preciosa Silver Project in Mexico from Coeur Mining, Inc. for a total of $7 million in cash. The acquisition will provide Trident with near-term cash flow over an attractive asset and new commodity exposure, adding silver to…
Alpha Growth acquires full ownership of Northstar Group
LONDON, UK: Alpha Growth Plc (LSE: ALGW and OTCQB: ALPGF), a financial services specialist in longevity assets and insurance linked asset management, has announced that it has acquired the remaining 5% minority shareholding in Northstar Group (Bermuda) Limited (“Northstar”), its Bermuda based insurance holding company, for a total consideration of £330,102. The company said it…
Lexington Gold to acquire 76% stake in South African gold explorer, White Rivers Exploration
LONDON, UK: Lexington Gold (AIM: LEX), a gold exploration and development company with projects in North and South Carolina, USA, has entered into conditional agreements to acquire a 76 per cent. stake in White Rivers Exploration Proprietary Limited (“WRE”), a South African company with significant gold assets in the Witwatersrand gold fields. The proposed acquisition,…
BAT plc appoints new Chief Executive as Jack Bowles steps down
LONDON, UK: British American Tobacco (BAT) plc, the world’s largest tobacco company by net sales1, has announced the appointment of Tadeu Marroco as its new Chief Executive, effective from 15 May. He will succeed Jack Bowles, who is retiring after four years in the role and 20 years with the company. Marroco joined BAT in…