Category «News»

CFA Institute: Investment Profession More Optimistic about Global Economic Growth in 2013

Investment professionals worldwide are more optimistic than last year about global economic growth heading into the new year, according to the CFA Institute 2013 Global Market Sentiment Survey (PDF). A greater number of those surveyed (40%) believe the global economy will expand in 2013, a six point increase from last year’s poll. However, CFA Institute members believe …

Kimberley Process approval a critical step to Panama’s development as regional diamond trade center, says Minister of Commerce and Industry

PANAMA CITY: DECEMBER 11, 2012 – Panama’s Minister of Commerce and Industry, Ricardo Quijano, has welcomed the recent unanimous decision by the Plenary Session of the Kimberley Process in Washington, D.C., to accept the Republic of Panama as a full member of the organization. “This was a critical step in our long-term program to position …

WestSide Corporation Limited [WCL] – Indicative takeover proposal update

12 December 2012 WestSide Corporation Limited (ASX Code: WCL) advises that the party from which the Company received an indicative, conditional, non-binding and confidential proposal on 19 November 2012, has requested and been granted additional time to conclude due diligence. WestSide initially agreed not to solicit proposals from other parties for a period of three …

BHP Billiton to sell interest in East and West Browse Joint Venture

December 12, 2012 BHP Billiton has signed a definitive agreement with PetroChina International Investment (Australia) Pty Ltd to sell its 8.33 per cent interest in the East Browse Joint Venture and 20 per cent interest in the West Browse Joint Venture, located offshore Western Australia, for a cash consideration of US$1.63 billion. The transaction is …

HEINEKEN establishes sponsored ‘Level 1’ American Depositary Receipt programme

Amsterdam, 11 December 2012 – Heineken N.V. (‘HEINEKEN’) today announced that it has established a sponsored ‘Level I’ American Depositary Receipt (‘ADR’) programme. The transition from the previous unsponsored to the new sponsored ADR programme is aimed at better facilitating the trading of Heineken N.V. stock in the United States. René Hooft Graafland, member of …

Rio Tinto agrees sale of shareholding in Palabora

Rio Tinto has reached a binding agreement to sell its 57.7 per cent effective interest in Palabora Mining Company Limited (Palabora) for US$373 million. The purchaser is a consortium comprising South African and Chinese entities led by the Industrial Development Corporation of South Africa Limited and Hebei Iron & Steel Group, who are committed to …

Connemara Mining [CONN] – Exploration Update on Wicklow/Wexford Gold Zones of Gold Enrichment Discovered

A recently completed, reconnaissance soil sampling programme has resulted in the discovery of a series of anomalous zones of gold enrichment and these will now be explored in more detail. Connemara Mining Company plc (“Connemara”) (AIM:CON) holds five licences in the Wicklow/Wexford area which are prospective for gold. Hendrick Resources Ireland Ltd (“HRI”), a Canadian …