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Pin to quick picksKore Potash Share News (KP2)

Share Price Information for Kore Potash (KP2)

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Share Price: 2.00
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TRADING UPDATES: Capital in Anglogold pact; Round Hill valuation rise

Tue, 16th Mar 2021 20:40

(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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Capital Ltd - Africa-focused mining services firm - Inks two new long-term three year contracts at AngloGold Ashanti Ltd's Geita gold mine in Tanzania. Pacts will generate revenue of USD65 million.

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Coro Energy PLC - South East Asian energy company - Says it has received valid acceptances for 37.2 million shares in open offer.

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San Leon Energy PLC - oil and gas producer in Nigeria - Says operations at OML 18 asset, Nigeria are low amid OPEC output restrictions. "In addition, appropriate budget restrictions have been implemented which are designed to preserve cash," San Leon says. To receive USD98 million in three equal instalments beginning in July related to its investment in OML 18. Midwestern Oil & Gas Co Ltd, guarantor of the loan notes, says there will be a delay on an interim repayment made for fourth quarter of last year. "Midwestern has acknowledged that the outstanding payment of USD4.25 million to San Leon is overdue and has explained that the delay has been caused by the combined effects of Covid-19, OPEC quota cuts and the fall in the oil price during 2020," San Leon says.

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Trans-Siberian Gold PLC - gold producer in Russia - Total mineral resource estimate at Asacha gold mine in Russia has increased to 645,000 ounces as of December 31. Reports 43% increase in Asacha's overall gold resource inventory. "I am delighted to report a significant upgrade to the resources at our flagship Asacha gold mine following a successful drilling campaign. Our resource base has increased significantly in quantity and confidence category levels extending the life of mine at Asacha," Chief Operating Officer Eugene Antonov says.

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Panthera Resources PLC - gold exploration and development company with assets in West Africa and India - Says India introduces MMDR2021 bill on mining and mineral regulations. "As the bill has only recently been made available, the company is yet to seek formal legal advice on its application to our investments in India and any comments expressed herein are merely preliminary," Panthera notes. Says bill may "have an impact" on joint-venture partner Metal Mining India Pvt Ltd and its bid to secure approval of its prospecting licence applications for the Bhukia and Taregaon projects in India.

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Cadence Minerals PLC - investment firm and partner in the discovery & development of iron ore and lithium deposits - Says Macarthur Minerals has called on CGG Aviation to perform an airborne electromagnetic survey of Lake Giles iron project to spot new drill targets. Cadence owns about a 1% stake in Macarthur.

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Canadian Overseas Petroleum Ltd - oil and gas company focused on Sub-Saharan Africa - Says shares suspended after sealing deal to acquire Atomic Oil & Gas LLC.

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Aura Energy - Australia-based minerals company - Expects report for half-year ended December to be lodged following Wednesday's annual general meeting. "An important part of the process is capturing the events subsequent to balance sheet date. At the annual general meeting scheduled on March 17, 2021, several resolutions will be considered by shareholders to settle previous issues and set up a solid foundation for resuming operating activities," Aura says.

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BiON PLC - Kuala Lumpur-based renewable energy services - Says two of its four biogas plants are now selling electricity to Tenaga Nasional Berhad, Malaysia's largest electricity firm. "I am pleased that we now have two of our biogas power plants selling electricity to the grid - and hope to soon be exporting power from all four plants and at maximum capacity," Chief Executive Officer Datuk Syed Nazim bin Syed Faisal says. Also notes Datuk Haji Radzali Hassan steps down as non-executive director with immediate effect.

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Kodal Minerals PLC - miner developing project in southern Mali and Ivory Coast - Receives conversion notice in relation to USD1.5 million unsecured convertible loan agreement with Riverfort Global Opportunities PCC Ltd and YA II PN Ltd. Duo convert USD250,337 into 210.9 million shares.

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Tlou Energy Ltd - seeking to use gas and solar to alleviate some of the chronic power shortage in Botswana and southern Africa - Proposes placing to raise GBP2.6 million. Proceeds will go towards construction of a 66 kilovolt transmission line from its Lesedi project to an existing electricity grid in Botswana.

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Kore Potash PLC - potash development company focused on the Congo - Tells Australian regulators it has no explanation for recent share price increase.

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Conroy Gold & Natural Resources PLC - gold exploration & development in Ireland and Finland - Raises a total of GBP2.3 million. Secures GBP1.9 million from placing and subscription. Also inks GBP380,000 from conversion of existing debt into ordinary shares.

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Tremor International Ltd - San Francisco-based video advertising technologies firm - Submits form to US regulators in relation to offering of American depositary shares. "The number of ADSs to be offered and the price range for the proposed offering have not yet been determined. The proposed offering is expected to take place in the second quarter of 2021 after the SEC completes its review process, subject to market and other conditions," Tremor adds.

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Blackrock World Mining Trust PLC - invests in mining and metal assets - Notes Non-Executive Director Ollie Oliveira will step down if elected to the board of Vale SA in August. "Ollie will be greatly missed by the board given his tremendous contribution during the time he has been a director but appreciates his decision given that Vale is the company's largest investment," Blackrock World Mining says.

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Round Hill Music Royalty Fund Ltd - private equity firm exclusively dedicated to investments in revenue generating music copyright assets - Says December 31 copyrights valuation was USD303.7 million, up 7.7% from USD281.9 million on June 30.

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ICG-Longbow Senior Secured UK Property Debt Investments Ltd - UK real estate debt-related investor - Net asset value per share at January 31, financial year end, falls 0.1% to 98.31p from 98.38p at the end of October.

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essensys PLC - London-based software for flexible workspace operators - Launches Flex Services platform for real estate industry customers. The platform allows real estate firms to operate and "scale up" workspaces digitally.

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Blue Prism Group PLC - Warrington, England-based robotic process automation firm - To engage with shareholders after three motions to reappoint directors face sizeable annual general meeting opposition. Votes to reappoint Jason Kingdon, Christopher Batterham and Kenneth Lever face opposition from 34%, 26% and 38% of investors, respectively. "The board will continue to engage with shareholders to understand and discuss their concerns with respect to each of the above resolutions and will provide an update in due course and within six months at the latest," Blue Prism says.

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Mothercare PLC - Hemel Hempstead, England-based retailer to parents and young children - Completes arrangement which see GBP19 million of shareholder loans converted into 189.6 million shares in the company.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
12 Sep 2023 08:19

Kore Potash seeks more capital for DRC project as interim loss narrows

(Alliance News) - Kore Potash PLC on Tuesday said it needs additional capital for its potash project in Africa after reporting its interim loss narrowed, while it managed to remain solvent.

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21 Aug 2023 13:12

Kore Potash says Republic of Congo pledges support for Kola project

(Alliance News) - Kore Potash PLC said on Monday that a mines minister in the Republic of Congo had pledged for the company's Kola potash project.

Read more
8 Aug 2023 09:34

Kore Potash to pay up to USD5 million as part of revised agreement

(Alliance News) - Kore Potash PLC said on Tuesday it had entered into a revised agreement that will see SEPCO Electric Power Construction Corp provide the company with an engineering, procurement and construction contract by end of January 2024 for the construction of the Kola Potash project.

Read more
18 Jul 2023 08:39

IN BRIEF: Kore Potash draws near completing financing of Kola project

Kore Potash PLC - owns the Kola and DX potash projects in Republic of Congo - Remains focused on completing the financing of the Kola project and moving forward to construction of Kola as soon as possible. Says discussions continue towards finalising terms for the engineering, procurement and construction contract at Kola. PowerChina International Group Ltd and Sepco Electric Power Construction Corp have started work to support the provision of guarantees regarding the EPC contract.

Read more
13 Jun 2023 15:54

UK shareholder meetings calendar - next 7 days

Wednesday 14 June 
abrdn Property Income Trust LtdAGM
abrdn Smaller Companies Income Trust PLCAGM
Andrews Sykes Group PLCAGM
Aquila Energy Efficiency Trust PLCAGM
Aurrigo International PLCAGM
Brave Bison Group PLCAGM
Christie Group PLCAGM
Foresight Solar Fund LtdAGM
IGas Energy PLCAGM
International Consolidated Airlines Group SAAGM
Iofina PLCAGM
James Fisher & Sons PLCAGM
Liberty Global PLCAGM
M&C Saatchi PLCAGM
Octopus Titan VCT PLCAGM
Petards Group PLCAGM
Thursday 15 June 
Amaroq Minerals LtdAGM
Anexo Group PLCAGM
ASA International Group PLCAGM
Baillie Gifford China Growth Trust PLCAGM
Chapel Down Group PLCAGM
Directa Plus PLCAGM
Everyman Media Group PLCAGM
HC Slingsby PLCAGM
Inspecs Group PLCAGM
Informa PLCAGM
IP Group PLCAGM
LBG Media PLCAGM
M&G Credit Income Investment Trust PLCGM re amendment to the company's articles of association
Novacyt SAAGM
OTAQ PLCAGM
Parity Group PLCAGM
PetroTal CorpAGM
Pollen Street PLCAGM
Shaftesbury Capital PLCAGM
Southern Energy CorpAGM
Friday 16 June 
Alpha Growth PLCAGM
Anglo-Eastern Plantations PLCAGM
Gulf Keystone Petroleum LtdAGM
John Lewis of Hungerford PLCGM re proposed cancellation of admission to trading on AIM
Tesco PLCAGM
Woodbois LtdAGM
Monday 19 June 
All ThingsConsidered Group PLCAGM
Blackbird PLCAGM
Finsbury Food Group PLCAGM
Globalworth Real Estate Investments LtdAGM
Marlowe PLCGM re proposed capital reduction
Metals Exploration PLCAGM
Red Rock Resources PLCGM re security conversion into shares for cash
Savannah Resources PLCAGM
Tuesday 20 June 
Acceler8 Ventures PLCAGM
Afentra PLCAGM
Armadale Capital PLCAGM
Bay Capital PLCAGM
Blackrock Smaller Companies Trust PLCAGM
Block Energy PLCAGM
Corero Network Security PLCAGM
Coro Energy PLCAGM
Crimson Tide PLCAGM
Curtis Banks Group PLCAGM
EPE Special Opportunities LtdAGM
ICG-Longbow Senior Secured UK Property Debt Investments LtdAGM
Jersey Oil & Gas PLCAGM
Kore Potash PLCAGM
Lords Group Trading PLCAGM
Mission Group PLCAGM
North Atlantic Smaller Cos Investment Trust PLCAGM
Red Capital PLCAGM
Saga PLCAGM
SDX Energy PLCAGM
Skillcast Group PLCAGM
Zegona Communications PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
26 Apr 2023 07:42

Kore Potash and consortium still working on financing for Kola project

(Alliance News) - Kore Potash PLC said on Wednesday it continued to work with the consortium of investors and engeneering firms to provide financing for the full construction cost of Kola project.

Read more
31 Mar 2023 08:57

Kore Potash annual loss narrows as project financing makes progress

(Alliance News) - Kore Potash PLC on Friday said its loss narrowed in 2022 as the group continued to make "tangible" progress towards the financing of its Kola project, a potash mine.

Read more
24 Jan 2023 09:54

IN BRIEF: Kore Potash shares slide after slashing DX production target

Kore Potash PLC - owner of the Kola and DX potash projects in Republic of Congo - Trims project life of its DX potash venture to 12 years from 30 years. In the latest production target estimate, it also cuts its mineral resource prediction to 129 million tonnes from 145 million tonnes. Reduces ore reserve projection to 9.31 million tonnes from 17.7 million tonnes. The latest update was published this month. The company last presented its production target in November 2020.

Read more
19 Jan 2023 10:57

Kore Potash in talks with offtake partners to procure Kola production

(Alliance News) - Kore Potash PLC said on Thursday it was still in discussions with potential offtake partners that were capable of procuring all production from its Kola project.

Read more
23 Dec 2022 08:07

Kore Potash Chief Operating Officer Gavin Chamberlain to exit

(Alliance News) - Kore Potash PLC on Friday said Chief Operating Officer Gavin Chamberlain will leave at the end of January.

Read more
23 Dec 2022 07:50

LONDON BRIEFING: Stocks to start half-day positively despite weak lead

(Alliance News) - Equities in London were set to open a shortened trading day in the green on Friday, despite indices falling in Asia and the US.

Read more
11 Nov 2022 11:55

Kore Potash calls for Congolese support after responding to minister

(Alliance News) - Kore Potash PLC said on Friday it urged for ongoing support to continue the "historically strong" ties as it responded to matters raised by a minister in the Republic of Congo last month.

Read more
19 Oct 2022 13:53

Kore Potash complies with Congolese obligations after scathing letter

(Alliance News) - Kore Potash PLC maintained on Wednesday it complied with its obligations in the Republic of Congo after receiving a scathing letter from a top government official in that country last week.

Read more
10 Oct 2022 15:33

IN BRIEF: Kore Potash says Kola EPC proposal needs further discussion

Kore Potash PLC - owner of the Kola and DX potash projects in Republic of Congo - Receives Engineering, Procurement & Construction contract proposal in relation to Kola project from the Summit Consortium's engineering partner, Sepco Electric Power Construction Corp. Notes a "number of proposed contractual terms" which require further discussion before the proposal is accepted.

Read more
13 Sep 2022 12:45

Kore Potash interim loss narrows as financing process progresses

(Alliance News) - Kore Potash PLC on Tuesday reported a narrowed interim profit as it made progress in securing funding for its project in the Republic of Congo.

Read more

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