Global News

Lucky Belgium. BP announced today that it plans to invest over $200 million to upgrade its purified terephthalic acid (PTA) plants at Cooper River, South Carolina and Geel, Belgium. The investments will position these assets amongst the most efficient PTA manufacturing facilities in the world. “This allows us to apply our latest proprietary technology and […]

Low Cost Acquisition of the Advanced Kerboulé Gold Project in Burkina Faso Alecto Minerals plc (AIM:ALO), the AIM quoted mineral exploration company focussed on West and East Africa, has expanded its portfolio of gold projects in West Africa by entering into an agreement with Kaizen Discovery Inc. for the acquisition, by way of all share […]

Mining Licences Granted for Mpokoto Gold Project Armadale, the AIM quoted investment company focused on natural resource projects in Africa, has been granted four Mining Licences covering the Mpokoto Gold Project in the Katanga Province of the Democratic Republic of Congo, which has a current Total Mineral Resource of 678,000oz gold from 14.58 million tonnes […]

Sale of large high value diamonds from Lemphane Kimberlite, Lesotho, Africa Paragon Diamonds Limited, the AIM quoted diamond development company, has successfully sold a number of stones recovered during the Company’s 2013 bulk sampling programme at its flagship Lemphane kimberlite pipe in Lesotho. Lemphane is located among a cluster of actively mined kimberlites known for […]

CONFIRMATION OF PORPHYRY BY GEOPHYSICS: KIZILITEPE SECTOR Ariana Resources, the gold exploration and development company focused on Turkey, has announced the confirmation of a mineralised sub-volcanic porphyry at the Kepez prospect in the Kiziltepe Sector of the Red Rabbit Project, which it holds in a joint venture with Proccea Construction Co. Highlights: – Porphyry identified […]

Exactly one month ago today, on 17 October, ADVFN brought you an update on the Valeant (TSX:VRX) hostile pursuit to acquire Botox-maker Allergan (NYSE:AGN). As of that date, the Allergan share price was $186.80, based on an continued expectation-exceeding third quarter results. That made Valeant’s takeover bid of $179.00 per share look ridiculous by comparison. Although […]

The Virgin America IPO (NASDAQ:VA) took off at $23.00 late yesterday, right down the middle of the runway that had been defined as being $21.00 to $24.00 wide. When it went public at 10:02 a.m. it had reached an altitude of $27.00 before ascending to $31.19 and cruising home at $30.00. VA’s share price is […]

Four o’clock in the afternoon is a favorite time of the day for the executives of U.S.-listed companies to make major announcements. And when they do, they can generate a flurry of activity from the trading floor to the front page. Technically, there has been no major announcement from either Halliburton (NYSE:HAL) or Baker Hughes […]

New COO Newell Rubbermaid (NYSE:NWL) today announced the appointment of Christopher O’Leary, executive vice president and chief operating officer, International, of General Mills to the company’s board of directors, effective November 11, 2014. O’Leary, age 55, will serve on Newell Rubbermaid’s Nominating/Governance and Organizational Development & Compensation...

Larger losses than 2013 Conatus Pharmaceuticals Inc. (Nasdaq:CNAT), a biotechnology company focused on the development and commercialization of novel medicines to treat liver disease, today announced financial results for the quarter and nine months ended September 30, 2014, and provided updates on its clinical development programs. Financial Results: The net loss for the third quarter […]