World

What are the details? Horizonte Minerals Plc, (LSE:HZM) (TSX:HZM) the nickel development company focused in Brazil, has reached agreement to indirectly acquire through wholly owned subsidiaries in Brazil the advanced high-grade Glencore Araguaia nickel project in north central Brazil. GAP combined with Horizonte’s 100% owned high-grade Araguaia nickel project creates one of the...

Preliminary Results Goldplat plc, the AIM listed gold producer, announces its preliminary results for the year ended 30 June 2015. Overview – Focussed on growth of market-leading gold recovery operations in South Africa and Ghana, with additional upside available from mining and exploration portfolio – Produced 30,524 ounces of gold (2014: 30,977 ounces) with 21,181 […]

Half-yearly Results Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, announces its half-yearly results for the six month period ended 30 June 2015. Operational Overview – 26% year on year increase in number of producing wells to 195 in proven US onshore formations such as the Bakken/Three Forks […]

MOU with a Congolese Distributor for the Supply of Minimum 150,000MT of Fertiliser in the Democratic Republic of Congo African Potash, the AIM listed exploration company focused on sub-Saharan potash assets and the vertical integration of fertiliser operations, has entered into a memorandum of understanding with a local Congolese distributor with a view to supplying […]

Market Update African Potash, the AIM listed exploration company focused on sub-Saharan potash assets and the vertical integration of fertiliser operations, has announced that agreement has been reached to establish a sale price of US$500 per metric tonne in respect of 50,000MT fertiliser product to be sold pursuant to the Memorandum of Understanding announced on […]

Indicative Terms for a Licence Agreement with Schlumberger in respect to DT Ultravert Highlands Natural Resources, the London listed oil and gas company, has signed indicative terms for a licence agreement with Schlumberger Technology Corporation, a 100% owned subsidiary of Schlumberger Limited, the world’s leading supplier of technology, integrated project management and information...

Volkswagen has admitted that a “defeat device” was used in for diesel vehicle emissions testing in the US.  As a result the US authorities have ordered the recall of nearly half a million vehicles.  The group has set aside €6.5bn to handle the repercussions and our rating is hold. Corporate malfeasance is difficult to predict […]

Eligibility of Software Development Law Tax Benefits MercadoLibre, Inc. (Nasdaq:MELI), Latin America’s leading e-commerce technology company, announced today that it has obtained approval from the Argentine Industry Secretary for income tax and payroll exemptions under a new software development law. These income tax and payroll exemptions are expected to not only reduce the effective...

Americas Posts Record Operating Results; Significant Progress Achieved in EMEA Modernization Steelcase Inc. (NYSE:SCS) today reported second quarter revenue of $819.0 million and net income of $37.2 million, or diluted earnings per share of $0.30. Excluding restructuring costs, adjusted earnings were $0.35 per share. In the prior year, Steelcase reported $786.7 million of revenue, diluted...

First Gold Pour at Pickstone-Peerless Gold Mine, Zimbabwe Vast Resources plc, the AIM-listed resource development and production company, has commenced production at its 584 hectare Pickstone-Peerless Gold Mine in Zimbabwe, with its first gold smelt producing 8.5kg of gold bullion, which will be delivered to the Fidelity refinery in Harare. This milestone follows the maiden […]