Economic and Market News for 17 August 2020

Mosman Oil and Gas said it had sold 10% of its interest in the Champion project in Texas to an unrelated third party. A drilling rig for the Falcon-1 well at Champion had been selected by the...

Karelian Diamond Resources said it had been granted right of way by Finnish authorities for the Lahtojoki diamond deposit and adjacent exploration acreage. The company said it had been informed by...

Agricultural group Camellia said Horizon Farms, of which it owned 80%, had agreed to sell property together with a crop of pistachios and almonds for $31m to Maricopa Orchards. Horizon Farms grew...

Oil company Cairn Energy said Australia's Woodside had matched a $400m bid for its stake in the Sangomar field offshore Senegal made by Russia's Lukoil. Woodside, an existing shareholder in the...

Alcoholic drinks group Diageo said it had agreed to buy Aviation American Gin through the acquisition of Aviation Gin and Davos Brands for up to $610m. The acquisition cost included an upfront...

Mining group Red Rock Resources said its operations had been affected to varying degrees by lockdowns imposed by the respective countries in which it operates. In Australia, the company said its...

West Africa-focused explorer Oriole Resources said it had agreed to sell a royalty for the Karaagac mine in Turkey for $300m. The royalty would be sold to joint venture partner Anadolu Export...

India-focused infrastructure investor Infrastructure India said its business activities had been disrupted by lockdowns associated with the Covid-19 crisis. The company's largest asset,...

Risk management software group KRM22 said it had won a £1.2m contract, having completed the signing up of a UK brokerage firm first referenced last month. The four-year contract covered a range of...

Mining group Vast Resources said the results of grinding solutions test work underpinned its confidence in the quality of its Baita Plai polymetallic project in Romania. Copper recoveries ranged...

Cyber security group Falanx said it had won a contract from 'one of the major suppliers of services to the UK public sector'. The company would provide its recently launched Triarii platform to...

Canadian group Rambler Metals and Mining said it had secured short-term finance of up to C$2.4m (£1.4m) through local suppliers to its Ming mine on Newfoundland and Labrador's Baie Verte...

Security company Westminster said it had launched an online training catalogue, as part of a previously announced alliance with JP International Training. The company said it had been recognised...

Advanced materials group Versarien said it had received the first installment of a £5m loan awarded by the UK government. The facility had been provided on 1 July by Innovate UK Loans, a...

Big data technology company Rosslyn Data Technologies said it had appointed Paul Watts as chief customer officer. Watts was most recently chief executive at Blue Prism KK Japan, a robotic process...

Attractions group Live Company said it had restructured its borrowings, having tapped funding support from the UK government amid the Covid-19 crisis. Live said its Bricklive International unit...

Alternative fuel company Quadrise Fuels International said it had published a white paper detailing the potential economic and environmental benefits of the implementation of its MSAR technology...

Regenerative medical devices company Tissue Regenix said it would move its UK head office and manufacturing facilities to Garforth, Leeds, in November. The decision to relocate operations from...

Defence contractor TP said it had won a £2m contract extension from the UK's defence ministry. The extension was to an existing two-year customer support contract with the ministry announced in...

Out-of-hospital care provider Totally said it had won contract extensions and pilot work worth around £7.5m combined. The contract extensions included a a 12-month extension for services provided...

Mining company Polymetal International said an autoclave vessel had been installed at the POX-2 construction site in Russia on schedule. Chief executive Vitaly Nesis said the installation of the...