LONDON: Ariana Resources plc announced the completion of its transformational joint venture with Özaltin Holding A.S. and Proccea Construction Co. following the satisfaction of all conditions precedent. Expanded joint venture with Özaltin and Proccea involves the partial disposal of the company’s interests in Turkey in exchange for US$37.75 million in cash before costs and taxation…
Tag: Joint Venture
Cognite and Aramco sign JV to focus on digitalization across industries in the region
OSLO: Cognite AS, a global industrial software company and majority-owned subsidiary of Aker ASA, has signed a joint venture (JV) agreement with Saudi Aramco Development Company, a subsidiary of The Saudi Arabian Oil Company, as part of the two companies’ strategic partnership on industrial digitalization and sustainability initiatives. The JV is one of the initiatives…
Thoughtful Brands launches European expansion in joint venture with Franchise Cannabis
VANCOUVER: Thoughtful Brands Inc. announced the formation of its joint venture with Franchise Cannabis Corp. to sell and market Franchise-manufactured CBD, hemp and cosmetic products in the European Union, Switzerland, Norway and the United Kingdom. The parties’ will share equal ownership in the joint venture. Franchise will manage procurement and fulfillment of customer orders from…
TomCo Energy forms joint venture with Valkor to develop oil sands plant
LONDON: TomCo Energy plc has established a joint venture company, Greenfield Energy LLC with Valkor LLC to pursue the development of an oil sands plant. Valkor has entered into an agreement with Petroteq, which will be transferred to Greenfield, for Valkor to take over the management and operations of Petroteq’s existing oil sands plant at…
HRnetGroup Limited forms joint venture in Indonesia
SINGAPORE: HRnetGroup Limited has announced the incorporation of a joint-venture entity, PT Recruit First Indonesia (RFI) for manpower activity services in Indonesia. HRnetGroup Limited is a Singapore-based recruitment agency. The Company operates through two segments: flexible staffing and professional recruitment. Debby Rimbun and Rubby Rimbun will be co-investing and leading the business of RFI. As…
Vulcan to form JV with Pfalzwerke geofuture
PERTH: Vulcan Energy Resources Ltd. has signed a Memorandum of Understanding (MoU) with Pfalzwerke geofuture GmbH, part of the German utility Pfalzwerke Group. The MoU constitutes an initial collaboration period, during which Pfalzwerke geofuture will supply live brine and well data from its operational geothermal power plant, for Vulcan to use in its PFS. A…
Catalyst forms joint venture with St Barbara
PERTH: Catalyst Metals Limited’s wholly owned subsidiary, Kite Operations Pty Ltd have entered into an earn-in and joint venture agreement with gold producer St Barbara Limited. Under the agreement, St Barbara may acquire a 50% participating interest in EL006507 (the Drummartin Project) by funding not less than $3.5 million of Project Expenditure within 48 months…
Breedon to form joint venture with Robert Brett & Sons Limited
LONDON: Breedon Southern Limited announced plans to form a joint venture in London trading as Capital Concrete Limited, with Robert Brett & Sons Limited and the Capital Concrete senior management. Three of Breedon’s existing ready-mixed concrete assets will be combined with those of Capital Concrete, Brett’s established ready-mixed concrete operation in London. The enlarged business,…
Carawine Resources forms joint venture with FMG Resources
PERTH: Gold and base metals explorer Carawine Resources Limited has entered into a Farm-In and Joint Venture Agreement with FMG Resources Pty Ltd to explore Carawine’s “Lamil Hills”, “Trotman South” and “Sunday” tenements. Agreement provides Fortescue with a significant and highly prospective tenement holding within the Paterson Province. Agreement ensures Carawine is well positioned to…
Costain Group joint venture selected by Southern Water as AMP7 Partner
LONDON: Costain Group, the smart infrastructure solutions company, and its existing joint venture partner MWH Treatment, have been selected by Southern Water to extend the AMP6 contract as part of the water company’s AMP7 investment programme. Under the extended contract the joint venture will bring together its consultancy, design, digital, construction and commissioning expertise to…
Futura signs collaboration to explore transdermal delivery of Cannabidiol DermaSys
LONDON: Futura Medical plc, a pharmaceutical company developing a portfolio of innovative products based on its proprietary, transdermal DermaSys® drug delivery technology and currently focused on sexual health and pain, made a joint venture collaboration with CBDerma Technology Limited to explore the application of Futura’s advanced proprietary transdermal drug delivery technology, DermaSys® for delivery of…
NOVATEK creates shipping joint venture with Sovcomflot
VLADIVOSTOK: Today, during the Eastern Economic Forum in Vladivostok, PAO NOVATEK and PAO Sovcomflot, signed the Heads of Agreement on creating a joint venture, a release issued to London Stock Exchange said. According to the agreement, the parties intend to create a shipping company, with the potential involvement of other joint venture participants. The joint…