SYDNEY, AUSTRALIA: MCS Services Limited has signed a Binding Terms Sheet for the acquisition of 100% of the share capital of Highways Traffic Pty Ltd, a premier provider of trained Traffic Management manpower and assets in Western Australia. The acquisition allows MCS Services to bring to bear its core management strengths into a separate market…
Fortescue Metals to acquire Williams Advanced Engineering for £164mn
PERTH, AUSTRALIA: Fortescue Metals Group has entered into a share sale and purchase agreement to acquire 100 per cent of Williams Advanced Engineering Limited (WAE) from private equity firm EMK Capital and Williams Grand Prix Engineering Limited for £164 million. The transaction is expected to conclude by the end of March 2022, subject to the…
Group 6 Metals appoints Keith McKnight as Chief Executive Officer
SYDNEY, AUSTRALIA: Group 6 Metals announced appointment of Keith McKnight as Chief Executive Officer, through a consultancy agreement with Dara Advisory Pty Limited (Consultant) effective 24 January 2022. Mr McKnight joins Group 6 Metals with over 22 years of mining and resources project delivery and company management experience in Australia and overseas in the areas…
ABx Group appoints Dr Mark Cooksey as CEO
SYDNEY, AUSTRALIA: ABx Group Limited has appointed Dr Mark Cooksey as its new CEO to lead the company through major transformations in 2022. ABx Group is an emerging hi-technology and explorer-developer company that commenced a series of transformative developments in late 2021 that have been strongly supported by shareholders in recent capital raisings in late…
Tony McKenna appointed MD & CEO of Midway Limited
SYDNEY, AUSTRALIA: Midway Limited announced its new Managing Director and Chief Executive Officer, Tony McKenna, has commenced work with the company. Mr McKenna’s appointment follows the decision of the previous Managing Director and Chief Executive Officer, Mr Tony Price, to step down after six years in the role so that he can pursue non-executive roles….
Bahrain Steel achieves record production of iron-ore pellets in 2021
MANAMA, BAHRAIN: Bahrain Steel, a subsidiary of Foulath Holding, successfully reached record production of 12 million tons of iron-ore pellets in 2021. Bahrain Steel is a leading producer and global supplier of high grade iron-ore pellets. Bahrain Steel already contributes more than 4% of GDP and 25% to the country’s non-oil exports as well as…
TotalEnergies Withdraws from Myanmar
PARIS–(BUSINESS WIRE)– Following the coup of 1st February 2021 in Myanmar, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has firmly condemned on several occasions the abuses and human rights violations taking place there. Since then, our company’s decisions have been guided by clear principles: to halt all our ongoing projects, but to continue to produce gas from the…
Intel plans $20bn chip manufacturing plant in Ohio
SAN FRANCISCO: Intel has selected Ohio for a new chip manufacturing complex that would cost at least $20 billion, company said. Intel said the new site near Columbus would initially have two chip factories and would directly employ 3,000 people, while creating additional jobs in construction and at nearby businesses, a person with knowledge of…
Hg announces additional investment into Lyniate
LONDON, UK: Hg, the Manager of HgCapital Trust plc (HGT), announced an additional investment into Lyniate, a leader in healthcare data interoperability. The terms of the transaction are not disclosed. HGT, whose shares are listed on the London Stock Exchange, gives private and institutional investors the opportunity to participate in all Hg’s investments. The transaction…
Avinor postpones construction of new airport in Bodø by one year
OSLO, NORWAY: Avinor has decided to postpone the decision on whether to build a new airport in Bodø by 12 months. This means that the new airport could be commissioned in the second half of 2029. The project cost is NOK 6.6 billion. “The new Bodø airport is very important to Avinor, the defence sector…
Serge Crasnianski’s Tibergest to acquire Photo-Me for 75 pence/share
LONDON, UK: Tibergest PTE Ltd, a company wholly-owned by Serge Crasnianski, has offered to acquire all shares in Photo-Me, not already held by Tibergest and Crasnianski, at a price of 75 pence/share. The offer values the entire issued and not to issued share capital of Photo-Me at £284.5 million. Meanwhile, Tibergest PTE Ltd has agreed…
Tekna to consolidate all European additive manufacturing in France
ARENDAL, NORWAY: Tekna Holding, the world-leading provider of advanced materials to industry, announced the consolidation of its additive manufacturing powder production in Europe at a new facility in Pont-de-Veyle, in eastern France. Tekna has signed a nine-year lease agreement on the facility, which will strengthen the company’s supply chain resilience in Europe. The 8,000 m2…