ACG, a Mumbai-based integrated pharmaceutical manufacturing solutions company, has announced its complete ownership of Technical Aluminium Foil Company LLC (TAFC UAE). This strategic step underscores ACG’s expanding presence in the Middle Eastern and African markets, solidifying its growth trajectory. As the sole integrated provider of pharmaceutical manufacturing solutions globally, ACG offers an array of products such as capsules, films, foils,...
Deals news
BAE Systems to Acquire Ball’s Aerospace Division for $8.8 Billion in Expansion Move
BAE Systems has reached an agreement to acquire Ball’s aerospace division, a significant player in the aluminium packaging industry, for $8.8 billion. This strategic move by the UK-based defense company aims to bolster its missile, space, and munition offerings during a period of increased government expenditure on weaponry. According to a regulatory filing on Thursday, BAE Systems, headquartered in London,...
Unicoin Acquires Argentina Copper Mine Through $210 Million All-Crypto Transaction
Unicoin Inc., the entity behind the asset-backed cryptocurrency bearing the same name, has concluded an all-crypto acquisition of copper exploration rights and mineral privileges in Argentina. The deal, valued at $210 million, involves the purchase from ElectroquĂmica Del Neuquen S.A. The acquisition, known as the Barda Gonzales Project, is located within Argentina’s Neuquen Province. In accordance with the transaction’s assessment,...
Alaska Energy Metals Acquires Exploration Database for Nikolai Project
Alaska Energy Metals Corp. has announced its acquisition of an extensive exploration database that encompasses more than $30 million worth of exploration activities conducted since 1995 at the Nikolai nickel-copper-cobalt-platinum group metal project in Alaska. The Nikolai project was initially discovered and explored by INCO Ltd. during the 1990s. Subsequently, Nevada Star Resources Ltd. took over the property, then known...
Albemarle Invests in Arbor Metals’ St James Lithium Camp in Quebec
US-based chemical company Albemarle has made a C$109 million ($81.17 million) investment in Canadian miner Arbor Metals’ St James Lithium camp located in Quebec, Canada. The St James Lithium Camp encompasses Arbor Metals’ Jarnet Lithium Project, which holds a prominent position within Arbor’s lithium portfolio. Arbor acquired the 3,759-hectare Jarnet project in January 2022 with the intention of realizing its...
Aluminium Bahrain Introduces New Aluminium Alloy in Collaboration with Local Entities
Aluminium Bahrain B.S.C. (Alba) has unveiled a novel aluminium alloy, the 6060.HE, expanding its AA6060 aluminium alloy product line designed for aluminium extrusions. Developed through a partnership involving the University of Bahrain and Bahrain Aluminium Extrusion Company (BALEXCO), this new alloy incorporates scientific research from the University and leverages BALEXCO’s experience as a prominent regional aluminium extruder. The collaboration encompassed...
Glencore Acquires Majority Stake in Mara Copper and Gold Project in Argentina
Multinational commodity trader and mining group Glencore has finalized the purchase of a 56.25% stake in the Mara copper and gold project in Argentina. This acquisition has been made possible through an agreement with Canada’s Pan American, resulting in Glencore obtaining full ownership of the site. The transaction is set to conclude during Q3, with Glencore making a payment of...
Chaarat Gold Explores Financing Options Including Possible Sale of Kapan Mine
London’s AIM-listed gold mining company, Chaarat Gold, is actively considering various financing avenues, which may include the sale of its sole operational mine, Kapan, situated in Armenia. The Chief Executive Officer, Mike Fraser, conveyed this information on Friday. Furthermore, the firm is engaged in ongoing discussions with investment management entity Xiwang, exploring a potential investment opportunity. The parties involved have...
Silvercorp Metals Launches Takeover Bid for Australian Gold Developer OreCorp
In a strategic move to enhance its precious metals portfolio, Silvercorp Metals (TSX/NYSE: SVM), the Canadian mining company, has initiated a takeover deal for OreCorp (ASX: ORR), an Australian gold developer. Under the terms of the agreement, Silvercorp will acquire all outstanding shares of OreCorp for A15c in cash and 0.0967 of a Silvercorp share for each OreCorp share held....
IperionX Receives All Permits for Titanium Metal Production Facility in Virginia
IperionX Limited (NASDAQ: IPX, ASX: IPX) has reached a significant milestone in its quest to develop the world’s largest recycled titanium metal production facility in Virginia. The company has secured all necessary permits to commence construction and operations at the planned facility. These permits include the Industrial Wastewater Discharge permit issued by the Halifax County Service Authority and the New...