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Industrials

Uganda oil block

Nigeria-Kenya Chamber of Commerce grants 7 oil fields to NIgerian business men sparking deeper business ties in other sectors

Dr Kiprono Kittony, the chairman of the Nigeria-Kenya Chamber of Commerce, announced in a meeting in Abuja Monday that 7 of the 46 newly discovered oil fields will be granted to Nigerian business men.

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StealthGas Inc

Greek petroleum firm StealthGas raises $47M in share sale

Kifisia, Greece-based petroleum and petrochemical gas products transporter StealthGas Inc raised $47 million through the sale of 4.47 million common shares at $10.50 apiece for its vessels purchases and other corporate purposes.

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Seplat Petroleum Development Co

Seplat: To end gas flaring in Nigeria in 5 years

Oil and gas producer Seplat, the first publicly listed oil and gas firm in the Nigerian bourse, said that it would end its gas flaring activities in the country by September and expects that the practice would be halted in the country by 2020.

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Gouda company logo

US firm WireCo acquires Endenburg to build new crane rope business in the Netherlands

Kansas, US-based wire rope manufacturer WireCo WorldGroup Inc acquired the assets of Gouda, Netherlands-based construction and transport materials supplier Endenburg BV for an undisclosed amount to beef up its delivery system.

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Bathurst Resources Ltd

Bathurst secures A$7.39M in discounted placement ot fund coal project in New Zealand

Wellington, New Zealand-based mining firm Bathurst Resources Ltd secured A$7.39 million in a discounted placement of its shares at A$0.06 (NZD0.065) apiece to gain funds for its open-cut coal project on the Denniston Plateau.

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Glencore Xstrata

Glencore Xstrata sells Peru copper mine to consortium led by China MinMetals

Glencore Xstrata sold its Peru copper mine to consortium led by China MinMetals in an all cash deal valued USD5.8 billion, reported Ventures Africa.

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BorgWarner

American powertrain supplier BorgWarner buys German firm Gustav Wahler

Auburn Hills, US-based powertrain supplier BorWarner bought Esslingen, Germany-based exhaust gas and thermostat producer Gustav Wahler GmbH & Co KG for an undisclosed sum to strengthen its position in the market.

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Tadano Ltd

Tadano completes acquisition of distributor Cranes UK

Takamatsu-shi, Japan-based cranes and aerial work platforms manufacturer Tadano Ltd completed its acquisition of its Yorkshire, UK-based distributor Cranes UK for an undisclosed amount to continue its market expansion.

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Midwest Engineering Services Inc (MES)

Illinois firm Professional Service Industries adds Midwest Engineering

Illinois, US-based testing and consulting firm Professional Service Industries Inc added Midwest Engineering Services Inc for an undisclosed amount to become the biggest testing firm in Wisconsin.

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Harvey Tool Company

Harvey Tool Company receives investment from The Riverside Company

Global private equity firm The Riverside Company provided an undisclosed investment amount to the Harvey Tool Company, a specialized cutting tools provider based in Rowley, Massachusetts.

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Great Barrier Reef

BlackRock adds list to investors in warning of environmental dangers to Great Barrier Reef ecosystem

BlackRock, the world's biggest fund manager, has joined the growing list of investors that have warned against the risks faced by the Great Barrier Reef, Bloomberg News reported.

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LanzaTech New Zealand Ltd

US-based cleantech firm LanzaTech lands $60M in Series D round to clean up toxic gasses

Illinois, US-based cleantech firm LanzaTech landed $60 million in a Series D funding round led by Mitsui & Co LTD to convert toxic factory gases into renewable fuel.

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Cubility

Triton funds ink deal to purchase Norway-based oil services firm Cubility from Energy Ventures

Cubility, the maker of MudCube, has been bought by funds advised by Triton from Energy Ventures for an undisclosed price tag, a statement about the acquisition said.

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Horizonte Minerals Plc

Horizonte Minerals Plc to raise $15M for feasibility study for nickel mine

Horizonte Minerals Plc plans to raise $15 million to fund a final feasibility study aimed at getting investor support for its nickel project in Brazil, Bloomberg News reported.

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Lydian International

Jersey-based gold explorer Lydian pockets C$4.7M in private placement

Saint Helier, Jersey-based gold mining and minerals exploration Lydian International pocketed C$4.7 million in a private share sale to its shareholders International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (ERBD) to fund its operations in Armenia.

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