Global News

Land Lease in Northern Kenya to Establish Logistics Hub Africa Oilfield Logistics Ltd, the AIM listed African focussed support services and logistics company, has said that Ardan Risk & Support Services, the Company’s primary investment, has entered into a 15 year lease over a sizeable land plot in Northern Kenya, which will be used for […]

Company argues of “substantial” progress made Paragon Diamonds Limited, the AIM quoted diamond development and production company, has issued audited final results for the six months to the 30 June 2014. Overview: * Substantial progress made towards building a cash generative diamond production company with a portfolio of multi-stage projects located in known diamondiferous regions...

Update re: Ethiopian Wayu Boda JV Gold Project Alecto Minerals plc (LSE:ALO), the AIM quoted mineral exploration company focussed on West and East Africa, has been formally notified by its Joint Venture partner Centamin plc that, following the completion of the recent exploration programme, it will continue to satisfy the initial expenditure commitment at the […]

As automotive parts manufacturers from around the world assemble for the opening of Automechanika in Frankfurt, unlisted German company ZF and U.S.-based TRW (NYSE:TRW) have announced that the former will acquire the latter for $13.5 billion in cash or $105.60 per share. TRW’s share price is currently 103.01, down less than a percentage point from Friday’s […]

With “wars and rumors of wars” continuing to grow out of the general region of the Middle East, I decided to take a look at how the fortunes and share prices of the top five contractors to the U.S. Department of Defense have been doing. It seems to me that when we talk about the […]

EGX, the Middle East’s Oldest Exchange Will Continue Operating the X-Stream Trading Engine The NASDAQ OMX Group, Inc (Nasdaq:NDAQ) and the Egyptian Exchange (EGX) have entered an agreement to extend the current contract for EGX till January 2020 to tap NASDAQ OMX’s X-stream trading technology, the most widely deployed exchange technology in the world. Under […]

Will involve 1.2m tonnes of LNG BP and Tokyo Electric Power Company (TEPCO) has signed a sales and purchase agreement for liquefied natural gas (LNG). Under the agreement, TEPCO will purchase from BP up to 1.2 million tonnes of LNG per year (mtpa) for 17 years starting in 2017. BP will supply TEPCO with LNG […]

Interim Results for the six months ended 30 June 2014 Armadale, the AIM-quoted investment company primarily focused on the Mpokoto Gold Project in the Democratic Republic of the Congo, has announced its interim results for the six months ended 30 June 2014. Overview: – Scoping Study at Mpokoto and significant value upside anticipated from Expanded […]

High Quality VMS Copper Drill Targets Identified in Block 5, Oman Savannah Resources plc (LSE:SAV) announces that field reconnaissance of high priority Versatile Time Domain Electromagnetic Survey targets at the Company’s prospective Block 5 Copper Project, located in the strongly mineralised Semail Ophiolite Belt in northern Oman, has identified a number of high quality drill […]

Commissioning of Diamond Processing Plant at Baoulé Kimberlite Project in Guinea Stellar Diamonds, the London listed (LSE:STEL) diamond development company focused on West Africa, has said that commissioning testing of its 100tph DMS plant at the Baoulé kimberlite project in Guinea has commenced ahead of trial mining which is targeted for October 2014. Highlights: · […]