Shareholder Conference Call
Alecto Minerals plc (AIM: ALO), the Africa-focused gold and base metal exploration and development company, is pleased to announce that it will host a shareholder conference call at 11.00am UK time on Tuesday 17 January 2017. The call will be hosted by Chief Executive Officer Mark Jones, who will discuss the Company’s recently announced proposed acquisition of the Mowana Copper Mine in north-eastern Botswana (see announcement dated 21 December 2016).
A new venture capital firm is the first in the UK to build ‘on campus’ investment funds in partnership with leading universities.
Campus Capital is launching its first £2m fund and has signed up the University of Sheffield as its first partner. It is also in talks with other northern universities and plans to roll out the model nationally.
BP (BP) is back on the acquisition trail and appears determined to make up for lost time, announcing two deals in three days. Shares have gained almost 40% since the beginning of 2016.
DONG Energy has entered into an agreement to sell 50% of Race Bank, a 573 megawatt (MW) UK offshore wind farm project, to Macquarie European Infrastructure Fund 5 and Macquarie Capital, the principal investment arm of Macquarie Group – with equal interests.
Outgoing US President Barack Obama has permanently banned offshore oil and gas drilling in the “vast majority” of US-owned northern waters.
Mr Obama designated areas in the Arctic and Atlantic oceans as “indefinitely off limits” to future leasing.
The world’s big mining groups are sharpening their marketing strategies in a post-crisis scramble for even tiny increases in profit, seeking marginal gains much like cycling teams in the Tour de France or Olympic velodrome.
Anglo American, BHP Billiton and Rio Tinto are using varying tactics to boost profitability on commodities such as copper, iron ore and coal, as the traditional model of simply producing more is under strain and the recovery from a deep downturn remains tentative.