JZ Capital has announced an open offer and placing to raise $150m and a rollover offer of new 2022 ZDPs to replace their existing 2016 ZDPs. The new share capital is being issued on a 9 new shares for every 25 held basis at 419.19p, a 39.7% discount. If shareholders don’t take up shares under the […]
Vinaland has sold its stake in the company that owns the HAS Project located in the central region of Quang Nam Province, Vietnam to Gold Yield Enterprises Limited, an entity of Chow Tai Fook, who will inject both equity and expertise into developing and operating the large scale hospitality and entertainment development. Since Genting’s withdrawal […]
Treveria has sold its two wholly owned subsidiaries – Treveria Asset Management Limited and Treveria Holdings Limited – to Haflinger Invest Limited and Phylira NV. Haflinger is a company owned by a group of investors, among them Richmond Invest GmbH and Richmond Invest BV, in which David Malpica, a director of the Company, holds a beneficial interest. […]
Ariana Resources has commenced construction of its Kiziltepe gold mine, part of the 70%-owned Red Rabbit project, in western Turkey. When fully operational in H2 2016, the US$31 million open pit mine is expected to produce 20 koz/y of gold for 15 years at an average cash cost of US$600/oz. The pit contains 140 koz […]
CEB Resources has announced that it has agreed with PT Akar Golindo (PTAG) to assess the technical and commercial opportunities for monetising gas in and around the Tuba Obi East oil and gas concession in the South Sumatran Basin. Under the terms of the agreement CEB and PTAG will undertake a technical evaluation of the gas […]
JZ Capital Partners says it has committed €75m to JZI Fund III, the successor fund to its EuroMicrocap 2010 fund. In total the new fund raised €237m, €25m of which came from David Zalaznick and Jay Jordan, along with the European management team. JZI Fund III will invest principally in lower middle market companies in Western Europe, focusing on […]
International Public Partnerships (INPP) says a consortium that it is a member of has won the right to design, build, finance and maintain 15 schools across 12 sites in Victoria, Australia. The Learning Communities Victoria Consortium is sponsored by Amber Infrastructure and other consortium members include: Watpac Construction: Design-Builder; Spotless: Facilities Manager. Spotless also provides facilities management services […]
Wolf Minerals has produced the first tungsten concentrates at its new Drakelands open pit mine at the Hemerdon project, in Devon. The concentrates will be sent to Global Tungsten and Powders, in the USA, and Wolfram Bergbau und Hütten, in Austria in terms of Wolf’s offtake agreement. Although this is a major milestone in […]
John Laing Infrastructure has reported a 1.4% fall in its NAV for the first half of 2015 to 107.8p which is almost entirely down to adverse exchange rate movements although they also mention below forecast inflation in the UK cost them about 0.4%. They paid a dividend of 3.375p (up 3.8% on the previous dividend) and the NAV […]
The Renewables Infrastructure Group delivered a 10.9% return to shareholders over the first half of 2015, including a dividend of 3.08p which they say was well covered by cash earnings. This results in a dividend target of 6.19p in aggregate per share in respect of the year to 31 December 2015. Looking further ahead, the […]
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