Canadian gold miner IAMGOLD Corporation has agreed to sell its 95% interest in Rosebel Gold Mines to Chinese mining company Zijin Mining Group for $360 million in cash. The transaction also consists of the release of equipment lease liabilities worth approximately $41 million of IAMGOLD. The Government of Suriname owns the remaining 5% stake in […]
Lilly acquisition of Akouos : American pharmaceutical giant Eli Lilly and Company (Lilly) has agreed to acquire precision genetic medicine company Akouos in a cash deal worth about $487 million. Headquartered in Boston and founded in 2016, Akouos is focused on developing a portfolio of advanced adeno-associated viral gene therapies to treat inner ear conditions, […]
US-based sustainable products producer Darling Ingredients has agreed to acquire Brazilian collagen products company Gelnex in an all-cash deal worth approximately $1.2 billion. With five facilities in South America and one in the US, Gelnex has an annual production capacity of 46,000 metric tons of collagen products that include gelatin and collagen peptides. Employing about […]
French multinational insurance company AXA has announced entering into negotiations to acquire Groupe Assurances du Credit Mutuel Espana (GACM Espana) for €310 million in an all-cash deal. GACM Espana is mainly a property and casualty (P&C) and health insurer. AXA will make the acquisition through AXA Spain, which has entered into discussions with Groupe des […]
French energy giant TotalEnergies and its partners QatarEnergy and Marubeni have commenced operations of the 800MW Al Kharsaah solar power plant in Qatar, which was inaugurated by Sheikh Tamim bin Hamad Al Thani, Amir of Qatar. The Al Kharsaah solar power project is now one of the largest solar power plants in the Middle East. […]
Anglo-Australian multinational mining company Rio Tinto has agreed with Wright Prospecting to update a five-decade old joint venture to develop the Rhodes Ridge iron ore project in Australia. Rio Tinto and Wright Prospecting own a 50% stake each in the joint venture that was set up back in 1972. The agreement is aimed at modernizing […]
UK-based mining company Endeavour Mining has commenced construction on the Lafigue gold project on the Fetekro property in Côte d’Ivoire, which involves an upfront capital cost of $448 million. First gold pour from the Lafigue gold mine is expected to take place in early Q3-2024 Construction of the Lafigue gold project has been started following […]
Vodafone Group has announced plans to set up a joint venture with Altice to provide fibre-to-the-home (FTTH) services for customers in Germany. The joint venture, named FibreCo, is expected to deploy fibre-to-the-home to up to 7 million German homes over a period of six years. Vodafone Germany and Altice will own a stake of 50% […]
SSE Renewables has started the public consultation process for its proposed €2.5 billion Celtic Sea Array offshore wind farm in Ireland. As part of the consultation, the renewables company is encouraging members of the public in Counties Waterford, Cork, and Wexford to express their opinion on the offshore wind project. The public consultation will be […]
US-based oil producer Continental Resources has signed an agreement to be acquired by an entity owned by its founder Harold G. Hamm and his family in a deal worth $27bn. The acquisition will be made by Oklahoma-based Omega Acquisition which is owned by Harold Hamm. Under the terms of the agreement, Omega Acquisition will initiate […]