Economic and Market News for 26 August 2020
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26 Aug
13:56Cadence Minerals welcomes raising by JV partner Hastings Technology MetalsCadence Minerals welcomed news that Hastings Technology Metals, its joint venture partner at the Yangibana rare earth project in Western Australia was raising A$20.7m from a share issue. Hastings...
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26 Aug
13:35US durable goods orders jump 11.2% in JulyUS durable goods orders jumped 11.2% in July to $230.7bn, according to the Census Bureau. The market had been expecting a more modest increase of 4.4%. Story provided by StockMarketWire.com
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26 Aug
13:32Kibo Energy progresses development of Mozambique power projectsAfrica-focused energy company Kibo Energy said it was making progress on the development of its Benga and Baobab power projects in Mozambique. The company said a a supply agreement was being...
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26 Aug
13:23Jangada Mines welcomes positive drill assay results in BrazilMining company Jangada Mines welcomed news from 17.7%-owned ValOre Metals that it had recorded positive initial assay results from drilling at its Pedra Branca platinum group element project in...
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26 Aug
13:16PureTech Health sells part of Karuna Therapeutics stake for around $100mBiotherapeutics company PureTech Health said it had sold part of its stake in founded entity and central nervous system disorder focused Karuna Therapeutics for around $100m. PureTech said it...
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26 Aug
09:58Zenith Energy welcomes issuance credit rating from BCRAOil company Zenith Energy said BCRA Credit Rating Agency had assigned it a 'B-' with stable outlook long-term debt issuer credit rating. 'We are very pleased to have received an additional credit...
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26 Aug
09:55Iofina continues 'positive' progress on debt refinancing deal with new USA lenderIodine manufacturer Iofina said it had continued 'positive' progress regarding debt refinancing with a new USA lender. The transaction was in the final legal documentation phase, and general...
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26 Aug
09:52W Resources refines La Parrilla mine plan in bid to boost productionTungsten miner W Resources said it had agreed a new plan for its La Parrilla project in Spain in a bid to boost production. The company said an extensive programme of metallurgical and geological...
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26 Aug
09:51Cadence Minerals says DEV Mineraco and bank creditors continue 'constructive' settlement agreement talksCadence Minerals said the DEV Mineraco's Cadence and its investors, Indo Sino, had continued a 'constructive' talks over the negotiation of the settlement terms as proposed by the bank creditors....
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26 Aug
09:17Kore Potash completes conditional $8m equity fundraisePotash exploration and development company Kore Potash said it had completed a conditional equity placing to raise $8m. The company, whose flagship asset is the 97%-owned Sintoukola potash...
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26 Aug
09:10Emmerson unveils study showing 'significant' socio-economic benefits of Khemisset projectPotash development company Emmerson said results from a study for its Khemisset potash project in Morocco, provided 'measurable and verifiable confirmation' of the significant benefits that the...
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26 Aug
09:04Eqtec signs €2m equipment sale, services contract with ewerGyEqtec, a gasification technology solutions company, said it had signed an €2m equipment sale and services contract with German EPC company, ewerGy. EwerGy operated in Greece through its local EPC...
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26 Aug
08:57Nostrum Oil & Gas defaults on debt payments; in forbearance talksOil company Nostrum Oil & Gas said it had defaulted on interest payments due to debt holders and was in talks to enter into forbearance agreements. The company said a default event had...
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26 Aug
08:57Dekel Agri-Vision receives first milling equipment shipment from ItalyAgriculture company Dekel Agri-Vision said an initial shipment of milling equipment from Italy for its cashew nut processing project at Tiebissou in Ivory Coast had been delivered to the project...
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26 Aug
08:55Bigblu Broadband subsidiary Quickline rolls out first 5G site in North YorkshireAlternative broadband services provider Bigblu Broadband said its subsidiary Quickline Communications had deployed its first rural 5G site in North Yorkshire. Quickline was selected earlier this...
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26 Aug
08:52ASA International reports ongoing improvement in loan collection efficiencyMicrofinance institution ASA International said loan collection efficiency continued to increase. Collection efficiency in July remained in the mid-to-high 90s in eight operating countries, which...
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26 Aug
08:467digital teams up with eMusic to launch streaming platform to stage virtual concertsDigital music solutions company 7digital said it had partnered with eMusic to launch eMusicLive, a livestream platform for the live music industry to stage virtual concerts. eMusicLive had been...
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26 Aug
08:434D pharma hails 'very promising' clinical results for cancer treatmentPharmaceutical company 4D pharma hailed 'very promising' results from the clinical trial for its biotherapeutic candidate MRx0518 in combination with MSD's immune checkpoint inhibitor, Keytruda, in...
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26 Aug
08:12Edenville Energy enters into four-year sales, marketing agreement with MarTekEnergy developer and explorer Edenville Energy said its subsidiary Edenville International had entered into a four-year sales and marketing agreement with Dubai-based MarTek. MarTek, a sister...
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26 Aug
08:07Breedon to address UK competition watchdog's concerns over Cemex assets acquisitionConstruction materials company Breedon said it would address concerns raised by the UK competition watchdog relating to its acquisition of assets from Cemex. The Competition and Markets...
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26 Aug
07:48Tlou Energy progresses planning work for Botswana transmission lineBotswana-focused power company Tlou Energy said it had made planning progress on a proposed 66kV transmission line to connect its Lesedi project to the electricity grid. The company's engineering...
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26 Aug
07:45Hummingbird Resources swings to profit on higher gold pricesGold miner Hummingbird Resources swung to a first-half profit on the back of rising gold prices. For the six months ended 30 June 2020, the company reported pre-tax profit of $23.7m, compared with...
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26 Aug
07:42Randall & Quilter enters into US program partnership with Surround InsuranceInsurance investor Randall & Quilter Investment said Florida-based unit Accredited Surety & Casualty Company had entered into a program partnership with Surround Insurance Agency....
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26 Aug
07:29President Energy signs drilling contract for upcoming Argentina wellsArgentina-focused oil company President Energy said it had entered into a drilling contract for two new wells scheduled to commence later this year. The company said it had also ordered long lead...
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26 Aug
07:23Carnival's Princess Cruises cancels early 2021 servicesCruise operator Carnival said its Princess Cruises unit had cancelled its early 2021 world cruises and Circle South America cruises on two ships. The cancellations had come amid limitations with...
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26 Aug
07:23Renalytix AI seeks FDA clearance for kidney disease diagnostic technologyKidney disease diagnostics group Renalytix AI said it had filed a submission seeking clearance of its KidneyIntelX product with the US Food and Drug Administration. RenalytixAI announced in May...
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26 Aug
07:17Go-Ahead granted bus contract extension in SingaporeTransport company Go-Ahead said it had been granted a two-year contract extension to continue operating around 450 buses in the Loyang region of Singapore. The extension, granted by the Land...