Economic and Market News for 16 February 2021
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16 Feb
10:06Jangada Mines receives positive assessment of Pitombeiras vanadium project in BrazilNatural resources company Jangada Mines said the results of a preliminary economic assessment on its Pitombeiras vanadium project in Brazil, confirmed that the project had 'robust' economics and...
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16 Feb
09:56Fusion Antibodies appoints Richard Jones as CEOcontract research organization Fusion Antibodies said it had appointed Dr Richard Jones as chief executive officer, replacing Dr Paul Kerr. Kerr would become a consultant to the company so that...
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16 Feb
09:47Gulf Keystone Petroleum says competent person's report reaffirms production potential of Shaikan fieldOil and gas company Gulf Keystone Petroleum said the competent person's report reaffirmed the 'significant' production potential of the Shaikan field, in which the company has an 80% working...
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16 Feb
09:44Mercantile Ports & Logistics signs two new contract for facility in IndiaMercantile Ports & Logistics said it had signed two new contracts for the use of its its port and logistics facility in Navi Mumbai, Maharashtra, India. Company subsidiary Karanja Terminal...
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16 Feb
09:39Condor Gold to raise £4m through placing of sharesGold exploration and development company Condor Gold said it had placed 9,523,810 shares to raise gross proceeds of £4,000,000. The shares were placed at a price of 42 pence a share....
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16 Feb
09:37Pelatro completes product implementation with largest customerCall centre software group Pelatro said the final implementation of its flagship product had been completed in the network of its largest customer. Pelatro had won the five-year managed services...
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16 Feb
09:32Tertiary Minerals wraps up soil sampling at Paymaster project in NevadaMining group Tertiary Minerals said it had completed a soil sampling programme at the Paymaster polymetallic project in Nevada. Maximum values of 34.9 parts per million of silver and 5.65% zinc...
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16 Feb
09:24Phoenix Copper estimates Empire mine cost at $52.6mPhoenix Copper said it had completed a new economic model for the Empire open pit mine in Idaho to recover copper, zinc, gold and silver at a pre-production capital cost of $52.6 million. The...
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16 Feb
09:22Avacta says Covid-19 test shows 'excellent' performance in clinical studiesAffimer biotherapeutics and reagents developer Avacta said it had received the first data showing 'excellent performance' of its SARS-CoV-2 rapid antigen test from ongoing clinical studies in...
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16 Feb
09:19Rambler Metals and Mining raises $10.5m from share issueRambler Metals and Mining said it had raised $10.5 million (£7.6 million) from a share issue to bolster its mining fleet and advance exploration drilling. New shares in the company were issued at...
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16 Feb
09:17Block Energy reports first gas sales from West Rustavi field in GeorgiaDevelopment and production company Block Energy reported its first sale of gas from its West Rustavi field in Georgia. Production rates from West Rustavi wells WR-38Z and WR-16aZ were currently...
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16 Feb
09:03Judges Scientific acquires further 12.5% stake in Bordeaux for £1.8mScientific instrument sector investment company Judges Scientific said it had increased its interest in stake in Bordeaux to 88% from 75.5% £1.8 million. In 2011, Judges had purchased Deben UK...
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16 Feb
08:50FTSE opens 0.3% higher; BHP, Glencore bring dividend cheerUK stocks opened higher on Tuesday as investors grow increasingly confident that US lawmakers will push through a large stimulus package, while big miners released some positive dividend news. At...
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16 Feb
07:58CloudCoCo reports 'strong' revenue growth in Q1 on boost from new, existing businessIT and communication company CloudCoCo said revenue growth in the first quarter had been 'strong' with the acceleration of new and renewal business driving improved profitability. Earnings...
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16 Feb
07:55Botswana Diamonds enters into agreement with Diamexstrat Botswana to fund exploration activities in BotswanaDiamond explorer Botswana Diamonds said it had entered into a cooperation agreement with Diamexstrat Botswana to fund exploration of its prospecting licence assets in Botswana. Under the...
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16 Feb
07:48JLEN Environmental Assets to seek approval to change investment policyJLEN Environmental Assets said it would hold a shareholder meeting to approve a change in its investment policy to allow the company to access a wider pool of environmental infrastructure...
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16 Feb
07:40LXi REIT to raise £75 million via equity pacingLong income real estate company LXi REIT detailed plans to raise gross proceeds of approximately £75 million through the placing of shares at a discount. The company proposed to place 60,164,539...
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16 Feb
07:38Sareum welcomes launch of UK grant for Covid-19 treatmentsCancer and autoimmune disease focused Sareum said it viewed a new UK clinical development platform for potential Covid-19 treatments as a welcome source of funding. The company said it had noted...
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16 Feb
07:31Omega Diagnostics welcomes positive evaluation of Covid-19 rapid testDisease test-kit supplier Omega Diagnostics welcomed the publication of positive research that had analysed the performance of a Covid-19 test that it is helping to produce. A pre-print...
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16 Feb
07:25TP wins fuel-cell contract from passenger train groupDefense contractor TP said it had signed a contract with a train leasing company to supply hydrogen fuel-cell systems for passenger trains. The initial project would take about six months to...
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16 Feb
07:21Playtech signs US licensing agreements with Greenwood RacingGambling technology provider Playtech said it had signed licencing agreements with Greenwood Racing, which owns and operates the Parx Casino in Bensalem, Pennsylvania. The agreements included...
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16 Feb
07:08Serco to acquire US defence services group Whitney, Bradley & Brown for $295mOutsourced services provider Serco said it had agreed to acquire Whitney, Bradley & Brown, a provider of advisory and engineering services to the US Military, for $295 million from an affiliate...