Economic and Market News for 17 August 2020
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17 Aug
14:45Mosman Oil and Gas sells 10% of Champion interest in TexasMosman 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...
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17 Aug
13:55Karelian Diamond Resources gets right of way for Finnish diamond depositKarelian 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...
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17 Aug
13:51Camellia venture Horizon Farms to be sold to Maricopa Orchards for $31mAgricultural 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...
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17 Aug
13:46Australia's Wooside opts to acquire Cairn Energy stake in Senegal JVOil 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...
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17 Aug
13:21Diageo to acquire Aviation Gin, Davos Brands for up to $610mAlcoholic 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...
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17 Aug
09:53Red Rock Resources reports mixed impacts from Covid-19 curbsMining 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...
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17 Aug
09:18Oriole Resources sells royalty for Karaagac mine in TurkeyWest 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...
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17 Aug
09:14Infrastructure India says Covid-19 lockdowns hamper construction, approvalsIndia-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,...
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17 Aug
09:06KRM22 wins £1.2m contract from UK brokerage firmRisk 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...
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17 Aug
09:00Vast Resources reports positive test results for Baita Plai mine in RomaniaMining 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...
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17 Aug
08:12Falanx wins cyber security contract from UK public sector supplierCyber 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...
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17 Aug
08:08Rambler Metals and Mining secures financing for Ming mine in CanadaCanadian 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...
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17 Aug
08:02Westminster launches online training catalogueSecurity 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...
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17 Aug
07:57Versarien receives first installment of £5m loan awarded by Innovate UKAdvanced 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...
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17 Aug
07:53Rosslyn Data Technologies appoints Paul Watts as chief customer officerBig 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...
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17 Aug
07:41Live Company restructures borrowings; taps UK government supportAttractions 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...
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17 Aug
07:33Quadrise Fuels touts advantages of technology in white paperAlternative 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...
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17 Aug
07:26Tissue Regenix to relocate Leeds operations to save costsRegenerative 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...
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17 Aug
07:22TP wins £2m contract extension from UK defence ministryDefence 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...
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17 Aug
07:18Totally wins contract extensions, pilot work worth £7.5mOut-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...
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17 Aug
07:15Polymetal receives key kit for POX-2 project in RussiaMining 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...
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17 Aug
07:10Petropavlovsk appoints Maksim Meshcheriakov as interim CEORussia-focused gold miner Petropavlovsk said it had appointed Maksim Meshcheriakov as its interim chief executive following a board shakeup prompted by investors. Meshcheriakov was previously...