DENVER: SSR Mining Inc. has entered into a definitive agreement to sell its Pitarrilla project in Durango, Mexico to Endeavour Silver Corp. for total consideration of up to US$127 million. Total consideration consists of US$35 million in cash, US$35 million in Endeavour Silver shares (with the number of shares to be issued based on the…
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Crypto Blockchain Industries AlphaVerse expanding with new worlds added
PARIS, FRANCE: Crypto Blockchain Industries is rolling out its strategy to ramp up the content and experiences available within the AlphaVerse metaverse with richer content (NFTs, games, experiences) for players and the addition of music and videogame licenses. AlphaVerse, a metaverse to open in summer 2022 CBI is developing AlphaVerse, a blockchain technology-based virtual world or metaverse…
Metalloinvest announces the election of a new Board of Directors
MOSCOW, RUSSIA: Metalloinvest, a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, announces the election of a new Board of Directors at Management Company Metalloinvest. Yerkozha Akylbek was elected to the Board of Directors for the first time, replacing Maxim Poletaev. There were no further…
Magnit delivers 105,000 online orders in one day
KRASNODAR, RUSSIA: Magnit one of Russia’s leading retailers, delivered 105 thousand online orders to its customers in one day in the lead-up to the New Year. The record-high number of online orders for the company’s own delivery and partner services was set on December 30, 2021. The average “pre-New Year” ticket (December 17 to 31,…
NOVATEK and Fortum agree on renewable power supply
MOSCOW: NOVATEK’s joint venture Cryogas-Vysotsk signed a power purchase agreement for renewable electricity produced by the European energy company Fortum in Russia. The Agreement builds on the cooperation of NOVATEK and Fortum under the Memorandum of Understanding that the Parties signed at the Saint-Petersburg International Economic Forum in June 2021. According to the Agreement, the…
Twitter buys minority stake in Aleph
NEW YORK: Twitter Inc. has acquired a minority stake in Aleph Group Inc. Aleph did not reveal any financial terms of the investment but said Twitter’s stake buy would help the company expand its educational tech platform. Emerging markets-focused Aleph, which helps large digital platforms connect with advertisers and customers, counts Meta Platforms Inc (FB.O) Spotify…
Senior plc announces new supply contracts with Honda
LONDON, UK: Senior plc, an international manufacturer of high technology components and systems, announced that Senior Flexonics has been awarded new contracts to supply Honda with exhaust flexible connectors for the automotive manufacturer’s 1.5L and 2.0L gasoline engines. Honda has been a pioneer in developing high-power, fuel-efficient gasoline engines that combine high performance whilst meeting…
NOVATEK and Zhejiang Energy sign LNG supply agreement
MOSCOW: NOVATEK Gas & Power Asia and Zhejiang Energy Gas Group, a subsidiary of the Zhejiang Provincial Energy Group, signed a long-term LNG sale and purchase agreement (“SPA”) for the LNG produced from the Arctic LNG 2 project. The SPA follows on from the Heads of Agreement signed by parties on 2 June 2021 during…
New York Times to acquire The Athletic for $550mn
NEW YORK: The New York Times Co has agreed to buy The Athletic, subscription-based sports site, for $550 million in cash. Founded in 2016, The Athletic had 1.2 million subscribers as of December, and covers more than 200 clubs and teams in the U.S. and around the world. “Acquiring The Athletic puts us in a…
Harris acquires i2 product portfolio from IBM
CAMBRIDGE, UK: Harris, a global vertical market software provider, has acquired the i2 intelligence analysis product portfolio of IBM, including the i2 Analyst’s Notebook, i2 Enterprise Insight Analysis (EIA) and i2 iBase platforms. The acquisition positions Harris to further deliver mission-critical applications for national defense, state & local law enforcement, maritime security as well as…
Twitter sells MoPub to AppLovin for $1.05bn
NEW YORK: Twitter has completed the sale of its mobile ad platform, MoPub, to the mobile game maker and marketing software provider AppLovin for $1.05 billion in cash. The deal was first announced in October 2021, following Twitter’s reveal of its plan to double its revenue by 2023 to reach $7.5 billion or more. While…
Camilla, Duchess of Cornwall appointed to the Order of the Garter
Queen Elizabeth II has announced that the Duchess of Cornwall, Camilla, would become a Royal Lady of the Order of the Garter. Moreover, Baroness Valerie Ann Amos was declared to be a Lady Companion, and former Prime Minister Tony Blair was given the title of Knight Companion of the Most Noble Order of the Garter….