LONDON: ADM Energy PLC, a natural resource investing company, has formed a joint venture to acquire a portfolio of producing oil and gas wells and a natural gas gathering system in Oklahoma, the company announced Tuesday. The joint venture, Vega Upstream JV LLC, was formed with Covenant Oil Group Corp. and has executed a purchase…
LONDON: London-listed NYCE International PLC has entered a joint venture to launch a dedicated iGaming software development company, Innovassion Limited, the company said on Tuesday, marking its strategic push into proprietary technology. NYCE, a gaming marketplace and advisory firm, will hold a majority stake in Innovassion, which is being formed with developer Spandan Mahanta and…
LONDON: On December 30, 2025 Saint-Gobain formed a JV with a subsidiary of Indocement Tunggal Prakarsa (a publicly traded Indonesian cement company 53% owned by Heidelberg Materials) to acquire Indocement’s mortars business in Indonesia. The JV will be 60% held by Saint-Gobain with the remaining 40% held by Indocement Tunggall Prakarsa. Indocement’s mortars business is well-established in…
PERTH – Australian miner St Barbara Limited has agreed to sell a 20% interest in its Simberi Gold Project in Papua New Guinea to state-owned Kumul Mineral Holdings Limited for A$100 million ($66 million), the companies said on Wednesday. The binding deal follows a memorandum of understanding signed a year ago and supports the PNG…
LONDON: BHP has entered into a binding agreement with Global Infrastructure Partners (GIP), a part of BlackRock, in relation to BHP’s share of Western Australia Iron Ore’s (WAIO) inland power network (the Agreement). WAIO comprises four main joint ventures in the Pilbara region of Western Australia. BHP holds an 85% interest in WAIO. Under the Agreement,…
MELBOURNE – Australian miner Adelong Gold Ltd (ADG.AX) said on Monday it agreed to sell its remaining 49% interest in the Challenger gold project in New South Wales to joint venture partner Great Divide Mining Ltd (GDM.AX), streamlining its portfolio to focus on core assets. Under the binding agreement, Adelong will receive 10 million GDM…
PARIS – TotalEnergies has signed agreement with Energetický a průmyslový holding, a.s. (EPH) for the acquisition of 50% of its flexible power generation platform (gas-fired and biomass power plants, batteries) in Western Europe (Italy, United Kingdom and Ireland, Netherlands, France), valued at €10.6 billion (enterprise value), i.e. a multiple of 7.6x 2026 EBITDA. Under the…
MELBOURNE: Australian steelmaker BlueScope announced Thursday it has agreed to sell its 50% stake in the Tata BlueScope Steel (TBSL) joint venture to its partner, Tata Steel. The companies formed TBSL in 2005, building it into a leading supplier of coated and painted steel products for India’s building and construction sectors. In a statement, BlueScope…
MUSCAT: Oman Tank Terminal Company (OTTCO), a subsidiary of OQ Group, and Royal Vopak, signed today a shareholder agreement to establish a new company in the Special Economic Zone at Duqm (SEZAD). The agreement, concluded during the Duqm Economic Forum 2025, reflects OQ’s continued commitment to expanding its investments in Duqm and supports national efforts…
FORNEBU: Aker ASA has completed its subscription to shares in Nscale Global Holdings Ltd. as part of the company’s Series B financing round, securing a 9.3% stake on a fully diluted basis. In tandem, Aker and Nscale have closed a 50/50 joint venture to establish Aker Nscale, a new company focused on delivering secure, scalable…
LONDON: British residential developer Watkin Jones Group has agreed to sell a newly developed, 784-bed student accommodation scheme in Glasgow to a joint venture predominantly owned by Maslow Capital, the company announced on Tuesday. The transaction, which values the project known as “The Ard” at a projected £182 million upon completion, underscores a strategic move…
MELBOURNE: Livium Ltd. (ASX: LIT), a leading Australian clean energy recycler, has signed a memorandum of understanding with South Korean solar innovator Won Kwang S&T to jointly address Australia’s mounting solar panel waste through advanced recycling technologies. The agreement marks Livium’s strategic expansion into photovoltaic (PV) recycling, leveraging its subsidiary Envirostream’s infrastructure and customer base…