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TRADING UPDATES: Reckitt names director; Ondine notes hood results

Mon, 07th Nov 2022 21:16

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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B90 Holdings PLC - sports betting operations and casinos games firm - Receives a "written communication" from the requisitioning shareholders requesting the withdrawal of the requisition for an extraordinary general meeting. Confirms the requisitioned extraordinary general meeting held today was opened and immediately adjourned indefinitely.

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Bens Creek Group PLC - London-based mining company focused in North America - Says it produced 2,500 tons of run of mine coal in a single day with a higher clean coal recovery of 62% from its metallurgical coal mine in North America after commencement of mining at the end of October. Reviews its options with regards to its own highwall miner. Says that it has recently gotten offers in excess of the purchase price which are currently under consideration. "The regular train deliveries and inventory build are now expected to commence alongside the increased production. As with all mining projects, more production spreads the cost across more tonnage and thus reduces the average unit cost per ton, thereby increasing margins," Chief Executive Adam Wilson comments.

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Asiamet Resources Ltd - developing copper-gold deposits in Indonesia, including BKZ deposit in Central Kelimantan - Says PT Delta Dunia Makmur increased its stake in the company to 24% from 15%. Says he increased its stake through a non-brokered, private placement for GBP2.6 million at an issue price of 1.15 pence per share.

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Reckitt Benckiser Group PLC - consumer goods company - Appoints Jeremy Darroch as Senior Independent Non-Executive Director and as a member of the nomination committee with effect from November 1.

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AfriTin Mining Ltd - technology metals mining company focused on Namibia - Says the commissioning of the Uis Phase 1 Expansion project is completed. Adds that the potential by-product production of lithium and tantalum is expected to benefit from the plant throughput expansion due to its co-occurrence within the ore. "Our development strategy is centred on driving costs down whilst expanding our mineral resource base, production volumes and product portfolio of tin, lithium and tantalum with the concomitant increase in revenue streams. We remain committed to our goal of becoming a tier-one producer of technology metals," CEO Anthony Viljoen comments.

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Ondine Biomedical Inc - Vancouver, Canada-based life sciences company focused on photodisinfection-based therapies - Notes that research recently showed that a food processing plant in Manitoba, Canada, was able to reduce the rate of COVID-19 amongst its employees following the use of Ondine Biomedical's nasal photodisinfection. These results were provided to us by the local infection control team in Manitoba. Facilities like this plant are highly vulnerable to disease outbreaks, significantly disrupting food production and impacting sales. When nasal photodisinfection was added to the standard infection control bundle, Covid-19 rates were suppressed by over 10 times compared to the surrounding community rates. Sales were able to continue to international commercial partners, and equally importantly, acute and long-term illnesses were prevented in the workforce, positively impacting costs going forward," President & Chief Technology Officer Nicolas Loebel comments.

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CleanTech Lithium PLC - Jersey-based lithium explorer - Expands its current relations programme in German, Switzerland & Australia. Notes that its shares are now being traded on four German stock exchange platforms, including the Open Market of the Frankfurt Stock Exchange.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
7 Jun 2024 16:06

IN BRIEF: Bens Creek elects to liquidate the company

Bens Creek Group PLC - owner and operator of metallurgical coal mines across North America - Elects to liquidate the company. This follows a board meeting and subsequent discussions with its advisers. Appoints Hill Dickinson for the process, and will commence immediate proceedings. Expects shortly to make an application to the courts. Under the circumstances cancels the previously announced general meeting which was to be held on Monday.

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21 May 2024 21:50

TRADING UPDATES: CVS sells Dutch and Irish loss-making businesses

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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16 May 2024 20:09

TRADING UPDATES: Bens Creek considers administration; Nexxen inks deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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13 May 2024 16:39

TRADING UPDATES: Adnams toasts first quarter sales; t42 wins deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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10 May 2024 16:39

EARNINGS AND TRADING: Asiamet Resources declares special dividend

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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10 May 2024 16:39

EARNINGS AND TRADING: Asiamet Resources declares special dividend

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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3 May 2024 13:39

TRADING UPDATES: Kelso raises stake in NCC; Transense joins project

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News:

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23 Apr 2024 17:38

IN BRIEF: Bens Creek makes further Chapter 11 filings in US

Bens Creek Group PLC - owner and operator of metallurgical coal mines across North America - Makes further Chapter 11 filings with US bankruptcy court, adding that US companies have entered into a term sheet for debtor-in-possession financing facility. Says that Avani, its largest shareholder, has filed a DIP term sheet with the Court for up to USD14.5 million. The Avani facility term sheet is now binding on Avani, but is not binding on the Chapter 11 companies until the court binds the Chapter 11 firms. A court hearing to consider the Avani facility is now expected at the end of April.

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12 Apr 2024 16:56

LONDON MARKET CLOSE: Miners lift FTSE 100 but sea of red elsewhere

(Alliance News) - London's FTSE 100 defied a tricky day for wider markets, as its miners and oil producers shone, while the dollar was supported as odds of the US Federal Reserve enacting three interest rate cuts this year dwindle.

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12 Apr 2024 14:25

Bens Creek shares fall as it moves mine into care and maintenance

(Sharecast News) - Shares in North American metallurgical coal miner Bens Creek were sliding on Friday afternoon, after the company issued an update on its operations and working capital position, confirming that its West Virginia mine was moving into care and maintenance.

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12 Apr 2024 10:04

AIM WINNERS & LOSERS: Bens Creek falls as it lays off workers

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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12 Apr 2024 09:39

Bens Creek shares plunge amid round of lay-offs in West Virginia

(Alliance News) - Bens Creek Group PLC shares on Friday plummeted after it reported that it has laid off 44 Bens Creek Operations WV LLC employees.

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12 Apr 2024 08:58

LONDON MARKET OPEN: Stocks get boost thanks to growth in UK economy

(Alliance News) - Stock prices in London opened higher on Friday, thanks to new data suggesting the UK economy is out of recession.

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8 Apr 2024 10:52

Bens Creek inks coal sale deal amid cash flow strains

(Sharecast News) - Metallurgical coal miner Bens Creek Group announced an agreement with its largest shareholder Avani Resources on Monday, for the purchase of 20,000 tons of off-spec coal.

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8 Apr 2024 10:17

Bens Creek down as struggling company inks additional Avani coal order

(Alliance News) - Bens Creek Group PLC shares sank nearly 20% on Monday morning, as the company announced another coal contract with its largest shareholder following a tough start to 2024.

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