SYDNEY, AUSTRALIA: Ora Banda Mining Limited (ASX: OBM) announced that effective immediately, Luke Creagh has been appointed to the position of Chief Executive Officer. Mr Creagh is a mining engineer with 20 years’ experience working for both contracting and mining companies at projects throughout Australia and overseas. He most recently served as Chief Operating Officer…
DEWA adds 700MW of energy production capacity
DUBAI, UAE: Dubai Electricity and Water Authority (DEWA) announced that the total production capacity of energy has reached 14,117 megawatts (MW) after adding 700MW. This includes 600MW from the Hassyan Power Complex, which runs on natural gas, and 100 MW from photovoltaic (PV) solar panels at the 5th phase of the Mohammed bin Rashid Al…
SHUAA announces Northacre’s global expansion
UNITED ARAB EMIRATES: Northacre, London’s leading super-prime developer with over 30 years’ experience in creating exceptional living spaces, announced its global expansion and plans for growth. As part of Northacre’s global expansion, SHUAA will combine its real estate-related investment management, development management and asset management businesses under one platform and establish a separate new entity…
Yara International sells stake in Dallol mining project in Ethiopia
OSLO, NORWAY: Yara International has signed a Share Purchase Agreement with XLR Enterprises Limited to sell its ownership interest in the Dallol mining project in Ethiopia. The Dallol mining project comprises a planned Sulphate of potash (SOP) mine in the Afar region in Ethiopia. Yara has been the majority shareholder in the project, with XLR…
Saint-Gobain divests its business in Denmark
LONDON, UK: Saint-Gobain has signed a binding agreement to sell its wood processing and distribution business in Denmark, Protræ, because of inadequate positioning and lack of critical mass, to its main customer jem & fix. Protræ employs around 100 people located in two facilities in Rødding and Holsted, and generated sales of around €120 million…
GRC’s IT Governance expands capabilities into US
LONDON, UK: GRC International Group PLC (AIM: GRC), the international governance, risk management and compliance company whose main business is cyber defence-in-depth, announces that its IT Governance business is now providing Payment Card Industry (PCI) Qualified Security Assessor (QSA) services in the USA. The business has been authorised to operate in the US and now…
Orbital Marine completes operational finance for tidal turbine technology
LONDON, UK: Orbital Marine Power, the renewable energy company focused on the development and global deployment of its pioneering floating tidal turbine technology, today reached a significant operational funding milestone. New investment secured from the Scottish National Investment Bank and individuals via the Abundance Investment platform will finance the ongoing operation of the O2, the…
Ithaca Energy announces acquisition of Siccar Point Energy
LONDON, UK: Ithaca Energy announced that its acquisition of Siccar Point Energy, announced on 7 April 2022, has completed with all conditions having been met. The acquisition positions Ithaca as one of the leading E&P operators in the UK North Sea with four of the basin’s largest producing fields and some of its largest development…
Strip Tinning Holdings announces glazing contract wins for EV
LONDON, UK: Strip Tinning Holdings plc (AIM: STG), a leading supplier of specialist connectors to the automotive sector, has secured a significant new 5 year nomination with BMW for its Glazing division, underlining Strip Tinning’s position as a leading supplier of specialist connectors to the Glazing sector for all classes of automotive vehicles manufactured worldwide….
Alan Curran appointed interim CEO of Providence Resources Plc
DUBLIN, IRELAND: Providence Resources Plc (PVR), the Irish based energy company, announced that Alan Curran has been appointed Interim Chief Executive effective 4th July. Following Alan’s appointment, James Menton reverts to his role as non-executive Chairman of the Board. Alan’s career spans 40 years in the oil and gas industry where he has held a…
H&T Group acquires Swiss Time Services for £4.3 million
LONDON, UK: H&T Group announced the acquisition of Swiss Time Services Limited, a leading independent watch servicing and repair centre. H&T is paying a total consideration of £4.3 million for Swiss Time Services, inclusive of a net cash balance of £0.5m which is subject to an adjustment mechanism. The Acquisition will be funded from the…
TECO 2030 gets funding for developing the high-speed vessel of the future
LYSAKER, NORWAY: TECO 2030 ASA (OSE: TECO) leads a consortium with partners Umoe Mandal and BLOM Maritime to develop a hydrogen powered high-speed vessel with zero emissions. The consortium will receive up to 5 million NOK in funding support. The vessel will combine the class-leading fuel cell systems from TECO 2030 and energy-efficient catamaran design…