The first proper whisperings of summertime are in the air this week with full sunshine ahead, bright blue skies, and temperatures that can only be tolerated sat in a garden with an ice cream in hand.
This week also saw the world celebrate Ocean Day on June 8th, an event organised by the UN aimed at celebrating the ocean whilst also raising awareness and informing on the need to protect it. The ocean covers over 70% of our planet, produces a minimum of 50% of the planet’s oxygen, and most of the earth’s biodiversity calls it home. Not only is it crucial to the environment but it is also key to the economy, with an expected 40 million people to be employed by ocean-based industries by 2030, and it produces the main source of protein for over a billion people. Despite its importance, 90% of big fish populations have been depleted and 50% of its coral reefs have been destroyed, not to mention the harmful levels of pollution and waste in the oceans.
This year’s theme of “The Ocean: Life and Livelihoods”, highlights how the ocean is our planet’s life source in the lead up to the UN’s Decade of Ocean Science of Sustainable Development, which begins this year. People around the world are already mobilising to protect our oceans and their future, from organising beach clean-ups to eating fish more consciously or giving it up all together, and even governments are making conservation efforts: the UK Government marked Oceans Day by setting out an international target that has been signed by 80 countries to protect at least 30% of the world’s ocean by 2030.
Although we as humans have taken the ocean for granted and we are now seeing the consequences of our actions, our collective efforts can protect it and restore it to health – and in return, it will support us too. There is of course still hope for the planet’s future, as attested by Sir David Attenborough in his UN address: “The ocean’s power of regeneration is remarkable – if we just offer it the chance”.
Trident Royalties Plc (AIM: TRR) announced that all resolutions proposed to shareholders at the Company’s AGM held were duly passed by way of a poll.
Additionally, the company noted that
Kibo Energy PLC (AIM: KIBO) released its consolidated annual financial results for the year ended 31 December 2020. The Company’s Annual Report also consolidated results of MAST Energy Developments Plc and Katoro Gold Plc (AIM: KAT).
Some operational highlights included the continued advancement of the development of key projects such as the Benga Power Plant Project in Mozambique. Kibo made great strides developing the Benga Project, increasing the future off take potential by more than 100% through the inclusion of the Baobab development in the Benga portfolio. A key focus area flagged up in the results was the entry into the UK’s Reserve Power Market, that has taken shape with the recent listing of MAST Energy Developments Plc on the 14 April 2021.
Kibo has taken a major step forward in the execution of the company’s renewable energy strategy by commencing an extensive due diligence process in relation to the potential acquisition of a portfolio of UK renewable energy projects. Kibo also entered into an agreement with South Africa-based Industrial Green Solutions (Pty) Ltd to jointly develop a portfolio of Waste to Energy projects in South Africa.
FastForward Innovations Ltd (AIM: FFWD) continue to be impressed with its portfolio company Little Green Pharma Ltd (‘LGP’) and have purchased a further 1,178,000 Ordinary Shares in. FFWD now has a holding representing 2.0% of LGP’s issued share capital.
Vast Resources Plc (AIM: VAST) confirmed that the Company has drawn to a close the successful conclusion to formal negotiations on a new collective bargaining agreement between the Company and its employees of its Vast Baita Plai S.A subsidiary, which operates in Romania.
Empire Metals Limited
Kodal Minerals Plc
Ferro Alloy Resource
Cora Gold Limited (AIM: CORA)
In the news this week…
El Salvador has become the first country to adopt Bitcoin as legal tender.
Chinese EV-maker that dominates the Chinese market, outselling the likes of Tesla, is aiming to sell 1.2 million vehicles by next year.
See the best photos from yesterday’s solar eclipse.
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