Richard Spinks, chief executive of Active Energy Group PLC (LON:AEG) and Jakub Sza?,atkiewicz from Cobant, discuss with Proactive's Andrew Scott a new joint venture between them which is focused on a new "Super Fuel" - combining CoalSwitch and reclaimed coal from slurry dumps in Upper Silesia.The JV will assess the best ratio for a combination of reclaimed coal and Active Energy's wood-derived Coa...Read More
Minoan Group plc (LON:MIN) was the biggest gainer in late afternoon trading, with its shares jumping 40.9% higher to 7.40p after the luxury resort developer revealed it has signed an exclusivity agreement with an unnamed potential buyer for its Travel & Leisure division.The AIM-listed firm, which said the sale would leave the company debt free, added that first-quarter trading in the division...Read More
Image: Codelco via FlickrWhen Richard Adkerson, boss of Freeport-McMoRan, presented to the BMO Capital Markets conference in Florida last month he showed a slide headlined World class copper discoveries are extremely rare.Adkerson said the Phoenix-based company has been putting these graphs in investor slide decks "for years".Only one project - Oyu Tolgoi's underground expansion - will crack the t...Read More
Canyon Copper Corp. (TSXV:CNC) is pleased to announce that it has completed the sale of the Moonlight Property to Crown Mining Corp. ("Crown").Read full newsRead More
March 13 (Reuters) - China's state planner said on Tuesday it has given approval for a coal mine to be built in Inner Mongolia.The mine will have an annual capacity of 6 million tonnes a year with total investment at 3.4 billion yuan ($537.84 million).The state planner said it has also given the go ahead for two other new open-pit coal mines in Xinjiang province to be built.The two coal mines in X...Read More
HAMILTON, Ontario, March 13 (Reuters) - ArcelorMittal Dofasco's chief executive said on Tuesday the company was not seeking Canadian government aid as the domestic steel industry faces uncertainty after U.S. President Donald Trump provided temporary tariff relief on steel imports.Sean Donnelly, who heads Canada's largest steel manufacturer, added in an interview that the Canadian government must p...Read More
Barrick Gold's chairman John Thornton has just given a fresh boost to the company's global employee share plan, leading by example.The boss of the world's top miner of the precious metal bought Tuesday 306,000 additional shares in the company, bringing his total share ownership position to 2,720,991 common shares.Two other directors also hiked their stake, Barrick said, including Rob Prichard - w...Read More
OBR revises GDP forecastsInflation set to ease over next yearBorrowing forecasts loweredHammond says Brexit talks have made progress 1.30pm: Economy has slightly more momentum in near-term, says OBRThe OBR has released a statement explaining its revised forecasts for UK economic growth. "The economy has slightly more momentum in the near term, thanks to the unexpected strengt...Read More
Primero Announces Shareholders Vote in Favour of Transaction With First MajesticTORONTO, ON--(Marketwired - March 13, 2018) - Primero Mining Corp. ("Primero" or the "Company") (TSX: P) and First Majestic Silver Corp. ("First Majestic") (TSX: FR)(NYSE: AG) are pleased to announce that Primero's shareholders have voted in favour of the arrangement transaction (the "Transaction") at a special meeting...Read More
Things have been looking up a bit of late for Morrisons, which presents its full-year results on Wednesday.The supermarket chain had a strong finish to 2017 and it came out on top alongside market leader Tesco PLC (LON:TSCO) in the latest industry sales figures.Analysts at Jefferies predict sales in 2017 rose by 4% to ?16.3bn and pre-tax profit climbed by 8% to ?366mln.Jefferies recently upgrade...Read More
Richard Wolanski, CFO at Avation PLC (LON:AVAP), caught up with Proactive following the release of their first half update.The fleet is now worth over US$1bn following a spate of purchases in December.Avation started to re-jig its portfolio last June when it sold six ATR turbo-prop planes, which it replaced with its first twin-aisled jet (a Boeing 777-300ER) and three others in December.Four new a...Read More
John Nichols, chief executive of H & T Group PLC (LON:HAT), tells Proactive a booming personal loan book and strong sales of luxury second-hand watches and jewellery last year helped to lift the pawnbroker.Group profits jumped 45% to ?14.1mln in 2107, helped by a near doubling of personal lending to ?18.3mln while average impairment charges were also lower. Meet AusCann Group Holdings...Read More
Interviewed by Vasudha Sharma Kate Hiscox, President of Venzee Technologies Inc. (TSX-V: VENZ) was interviewed by Vasudha Sharma, reporter for SmallCapPower about certain challenges in the retail industry along with a solution from Venzee's technology and a sensational 2018.Vasudha Sharma:Can you give us a example on how your products works?Kate Hiscox:We're starting to work with major retailer...Read More
Ontario is helping to enhance attractions in Schreiber and Terrace Bay to attract more tourists and boost the local economies.In Terrace Bay, the province, through the Northern Ontario Heritage Fund Corporation (NOHFC), will help the municipality create a waterfront staging area that will promote access to Lake Superior, Slate Islands Provincial Park and the Trans-Canada Water Trail. This includes...Read More
Volkswagen AG secured 20 billion euros ($25 billion) in battery supplies to underpin an aggressive push into electric cars in the coming years, ramping up pressure on Tesla Inc. as it struggles with production issues for the mainstream Model 3.The world's largest carmaker will equip 16 factories to produce electric vehicles by the end of 2022, compared with three currently, Volkswagen said Tues...Read More
Restructuring took its toll on this year's figures but Ian Jenks, Brady Plc's (LON:BRY) executive chairman, tells Proactive that streamlining is complete and the plan now is to grow sales and re-discover the group's tech mojo.A strong balance sheet will help, as will a rush of consolidation among its rivals. Meet AusCann Group Holdings Ltd, Pacific American Coal Ltd, Kasbah Resources, Hazer...Read More
Vancouver, BC - Peekaboo Beans Inc (TSX-V:BEAN) (the "Company" or "Peekaboo Beans"), announces that it has closed a private placement for current indebtedness of the Company owed to one subscriber for a convertible unsecured promissory note (the "Note"), subject to the approval of the TSX Venture Exchange. The Note has an outstanding principal amount of $184,722.17, accrues interest at a rate of...Read More
(Bloomberg) - Samsung C&T Corp., an affiliate of the world's biggest smartphone maker, is in talks for a multi-year deal to buy cobalt from a Congolese miner, joining Apple Inc. in the global rush to secure supplies of the metal at the heart of the electric-car boom.Samsung C&T has approached Somika SPRL to buy cobalt produced at its Kisanfu mine in the Democratic Republic of Congo after only buy...Read More
Medical services and software company Flying Brands Limited (LON:FBDU) has pulled the trigger on its proposed acquisition of Imaging Biometrics.Nick Stevens, chief executive of StoneChecker, which is part of the Flying Brands group, tells Proactive's Andrew Scott the deal's a 'game-changer' for them.''It's amazing, the result of a lot of hard work ... it's a tactical move but it's very much a stra...Read More
Mr. Rob Humphryson reportsNOVO REPORTS FULL EXERCISE OF MARCH 2016 SHARE PURCHASE WARRANTS All of Novo Resources Corp.'s 3,927,884 share purchase warrants issued in a private placement which closed on March 8, 2016 (see the company's news release of March 8, 2016), have been exercised, raising gross proceeds of $3,338,701. Novo's current cash balance stands at approximately $69.5-million."We are d...Read More