LONDON: Rio Tinto and Sumitomo Metal Mining (SMM) have signed a Term Sheet for a Joint Venture to deliver the Winu copper-gold project, located in the Great Sandy Desert region of Western Australia. Under the Term Sheet, which includes exclusivity obligations to work towards a binding Definitive Agreement, Rio Tinto will continue to develop and…
Rio Tinto pushes for stronger, diversified portfolio with new investments
LONDON: In a bid to strengthen its portfolio, Rio Tinto announced its ambitious growth plans today during its 2024 Investor Seminar in London. The company aims to enhance its position as a global leader in energy transition materials and ensure long-term shareholder returns. Jakob Stausholm, Rio Tinto’s Chief Executive, stated, “We have all the building…
Vinanz Limited applies for LSE listing, plans capital structure simplification
LONDON: Vinanz Limited (US OTCQB: VINZF and AQSE: BTC in London), a publicly listed Bitcoin mining company, has announced its intention to apply for the listing of its ordinary shares on the Official List of the Financial Conduct Authority (FCA) and trading on the main market of the London Stock Exchange (LSE). This move is…
Tungsten West appoints Stephen Harrison as Non-Executive Chairman
LONDON: Tungsten West (LON:TUN), the mining company focused on restarting production at the Hemerdon tungsten and tin mine in Devon, UK, announced the appointment of Stephen Harrison as Non-Executive Chairman of the Company. David Cather will continue to serve as a Non-Executive Director of the Company. Stephen is currently Chairman of Epwin Group plc, the…
Dynamic Group Holdings appoints Darren Guild as new CEO
SYDNEY: Dynamic Group Holdings Limited (ASX: DDB) is excited to announce the appointment of Mr Darren Guild as the new Chief Executive Officer, following an extensive search process. He will lead the group’s companies, which include Dynamic Drill & Blast, Welldrill, and Orlando Drilling. Mr Guild succeeds Mr Gregg Barnard, who served as interim CEO…
COSOL to acquire data intelligence leader, Toustone for $22.4 million
To enhance its data analytics and decision intelligence capabilities, COSOL has announced to acquire Toustone Pty Ltd, a renowned company specializing in data analytics, predictive analytics, and decision intelligence. The acquisition is valued at up to $22.4 million. Toustone has earned its reputation by developing proprietary data platforms that generate revenues through ARR software subscriptions,…
IRIS Software signs deal to acquire Dext Software
LONDON: IRIS Software Group, a leading global provider of accountancy, education management, HR and payroll solutions, today announced a definitive agreement to acquire Dext Software Ltd, a leading bookkeeping automation platform provider. The acquisition will unite two sector-leading cloud-based platforms – Dext’s Bookkeeping Automation Platform and IRIS Elements – to deliver a complementary and fully…
Resimac Group appoints Pete Lirantzis as new CEO
SYDNEY: Resimac Group Ltd (ASX: RMC) has announced that Mr. Pete Lirantzis will become the Chief Executive Officer in the first half of 2025. Mr. Lirantzis joined Resimac on February 12, 2024, as the Chief Strategy, Products, and Operating Officer. He will replace Ms. Susan Hansen, who is currently serving as the Interim CEO. Ms….
Northern Star to acquire De Grey Mining for $5 billion
SYDNEY: Northern Star Resources Ltd and De Grey Mining Ltd have agreed to merge in a deal valued at approximately $5 billion. Under this arrangement, Northern Star will acquire all shares of De Grey, including its flagship Hemi gold project in Western Australia. Hemi is one of the largest undeveloped gold projects globally, with significant…
Bigblu Broadband to sell Australian subsidiary, SkyMesh, for AUD 50.2 million
LONDON: Bigblu Broadband plc (AIM: BBB.L) has announced plans to sell its Australian subsidiary, SkyMesh Pty Ltd, to SKM Telecommunication Services Pty Ltd, a new company set up by Salter Brothers Asset Management. The deal, known as the “Disposal,” is valued at up to AUD$50.20 million (£25.67 million). Deal Details – Initial Payment: 59.8% of…
Tavistock’s Strategic Shift: £22 million sale to Saltus and ABP acquisition
LONDON: Tavistock Investments has successfully received £22.0 million from the sale of its network of self-employed registered individuals to The Saltus Partnership Holdings LLP. This deal, announced in October 2024, completes Tavistock’s plan to reduce its network of third-party firms and boosts its capital for growth. This sale marks the start of a new phase…
Pulsar Group has sold its shareholding in TrackRecord Holdings
LONDON: Pulsar Group Plc (AIM: PULS), the technology innovator delivering Software-as-a-Service (SaaS) solutions for the global marketing and communications industries, has sold the majority of its 21% shareholding in TrackRecord Holdings Limited, the holding company of compliance management company Trailight, for a cash consideration of £1.4m. Pulsar now retains a 1% shareholding in TrackRecord Holdings…