Member Info for mulledwine

Key decision on Coville acquisition Tauken-Samruk waives pre-emptive right Frontier Mining Ltd (AIM: FML), the AIM listed gold and copper exploration and development company focused on Kazakhstan, is pleased to announce that Tauken-Samruk, the Kazakhstan Government owned mining company, has taken the key decision to waive its pre-emptive right to acquire Coville Intercorp Ltd's ("Coville") 50% interest in Benkala. As reported previously, the Company is awaiting the approval of the Ministry of Industry and Trade of Kazakhstan' (the "MIT" or the "Ministry") to complete the acquisition. The essence of that approval is a written statement by the MIT that the Government of Kazakhstan will not exercise its preemptive right to acquire Coville's 50% interest in Benkala. As reported on March 9 2011, the transaction had been referred to Tauken-Samruk, a government owned mining Company, for review and subsequent ruling on whether or not it would like to be a part of the transaction. Tauken-Samruk has now completed this review and its Investment Committee ruled on Thursday that it does not wish to exercise its pre-emption right. Tauken-Samruk's decision will now be sent to the MIT and subsequently presented to the next Inter Ministerial Committee. Frontier cannot say when the next IMC will take place. However, Frontier is hopeful that there will be a meeting in March or April 2011, whereupon its application for the acquisition will be presented for final approval. It is expected that there should be no more than two to three weeks between the IMC ruling and the Ministry's statement.

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=4120328

Cobham Awarded Boeing Contract for Small Diameter Bomb Racks ORCHARD PARK, New York - Cobham has been awarded a contract from Boeing to manufacture more than 400 units for the seventh production lot of BRU-61/A weapons carriage system capable of supporting the US Air Force's Small Diameter Bomb (SDB) program. To date, Cobham has supplied more than 1400 carriages in support of worldwide operations. The BRU-61/A is used by the Air Force's F-15E jet fighter to carry four SDB precision strike munitions, increasing the aircraft capability per sortie. The BRU-61/A utilizes pneumatic ejection technology to release the SDB using compressed air rather than pyrotechnic cartridges, as per older weapons carriage systems. "The BRU-61/A is a much safer system that requires significantly less logistical support, maintenance and repair when compared to legacy systems," said Iain Gibson, president of Cobham Mission Equipment. "Cobham has been supplying this system to Boeing for seven years, with an outstanding delivery and performance record, and we are confident they will continue to choose Cobham as a trusted supplier." The BRU-61/A carriage system is the first pneumatic Multi-Stores Carriage System to enter service with US aircraft and represents the latest design in pneumatic ejection systems. It has been successfully employed in combat on the F-15E fighter as part of the SDB weapon system, providing close air support for ground troops operating in Iraq since in October 2006. Cobham has supplied more than 1400 BRU-61/A carriage systems worldwide.

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=4120312

Uranium Resources Plc, the AIM listed uranium exploration and development company operating in Tanzania, announces its results for the six month period ended 31 December 2010. Managing Director's Report During the period under review we have made strong progress on all fronts in building a uranium focussed resource development company. In particular, we have undertaken a very successful drilling programme at our flagship Mtonya project ('Mtonya') in southern Tanzania. The results of the 2010 programme have enabled us to verify our geological and structural model of Mtonya and demonstrated that conditions favourable for roll-front uranium mineralisation exist well below the already known horizons. Furthermore the characteristics of the intercepted sandstone and other strata suggest that Mtonya would be amenable to in-situ uranium recovery. This technology is currently the most cost-effective and environmentally-friendly process for extracting uranium. In addition to Mtonya, we are currently building a pipeline of projects on our extensive exploration holdings in Tanzania. We are using the same comprehensive approach as we utilised at Mtonya to evaluate, prioritise and advance our other targets, which include Likuyu, Foxy, Eland and Pedro.

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=4120315

Andrew Whalley, REG Chief Executive Officer said: "The first half of the year has been a period of considerable continued progress, resulting in a near doubling of our operating capacity from the comparable period. "Since the period end, we have successfully concluded a wind power purchase agreement, a significant milestone towards the refinancing of REG's existing operating wind farms and we remain firmly on track to deliver our goal of investing £100m by the end of 2012. "Supported by a sound balance sheet, we are well positioned with the internal infrastructure and skill sets in place to deliver enhanced shareholder value by continuing to successfully marshal projects through our enlarged development pipeline."

Post period end · Rejection of approach in January at 67.7p per share · 4MW High Haswell wind farm energised, increasing Group capacity to 46.5MW · REG Biopower enters 2 year 8MW STOR contract with National Grid · Power Purchase Agreements covering all 41.15MW of wind projects, fixed for 1 to 3 years, now completed

Operational highlights · Group generating capacity increased to 42.5MW (31 December 2009: 22.5MW) · Goonhilly Wind Farm repowered from 5.6MW to 12MW to treble previous output · 4.5MW Loscar Wind Farm commissioned · Planning consent granted for Sancton Hill (10MW), Orchard End (4.0MW) and French Farm (4MW)

Renewable Energy Generation Limited (AIM: WIND), the renewable energy group, today announces its interim results for the six months ended 31 December 2010. Financial highlights · Group revenues of £4.3m (H1 2010: £3.5m) · Group EBITDA loss before exceptional items of £0.6m (H1 2010: profit of £0.4m) · Loss before tax from continuing operations of £1.9m (H1 2010: loss of £0.3m) · Abnormally low wind speeds across the UK resulting in over £1m of lost EBITDA · Total cash resources of £7.6m · Proposed interim dividend of 0.5p per ordinary share

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Commenting on the acquisitions, Michael Roney, Chief Executive of Bunzl, said: "The acquisition of Cannon Consumables is an excellent addition to our cleaning and hygiene supplies business in the UK and will expand our business in this sector. Omega is also a successful business that will allow us to penetrate further into the catering equipment and disposables market in New South Wales and Queensland. We are pleased to welcome both companies to the Group."

BUNZL EXPANDS WITH ACQUISITIONS IN THE UK AND AUSTRALIA Bunzl plc, the international distribution and outsourcing Group, today announces that it has entered into an unconditional agreement to acquire a business in the UK and has completed the acquisition of a business in Australia. Bunzl has agreed to acquire the business of Cannon Consumables from OCS Group UK Limited. Operating from four locations, Cannon Consumables is principally engaged in the supply of cleaning and hygiene consumable products to OCS as well as to a number of other customers throughout the UK. Revenue for the year ending 31 March 2011 is forecast to be £16 million and the gross assets to be acquired are estimated to be £2 million. Completion of the acquisition is expected to take place at the end of March following a period of employee consultation. At the beginning of March, Bunzl acquired the business of Omega Hospitality Suppliers Pty Limited. Based in New South Wales, Australia, Omega is principally engaged in the supply of catering equipment and disposables to contract caterers, hotels and other foodservice customers. Revenue in year ended 30 June 2010 was A$5.4 million and the gross assets acquired are estimated to be A$1.2 million.

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Statement re press speculation Gem Diamonds, a leading global diamond producer, notes the recent press speculation regarding Lucara Diamond Corp ("Lucara"). The Company confirms that as part of its ongoing review of potential value enhancing opportunities, it is in preliminary discussions with Lucara regarding a possible merger. These discussions are at a very early stage and there can be no certainty the contemplated merger will occur or of the timing or terms of any such transaction. As stated in the Company's full year results announcement on 15 March 2011, Gem Diamonds continues to monitor potential value enhancing opportunities outside of its current asset portfolio and these preliminary discussions represent part of that ongoing strategy. Based on the most recently published full year financial and reserve statements of each company, any transaction would be likely to be classed as a reverse takeover under the UK Listing Rules due only to the relative ratio of current published reserves. Gem Diamonds therefore draws investors' attention to the following information: Lucara is listed on the TSX Venture Exchange under the symbol LUC. Lucara publishes periodic financial reports which are available under their profile at www.sedar.com and are also available on their website www.lucaradiamond.com. Gem Diamonds expects to publish an updated statement of reserves and resources to include its Botswana project Gope at or before the time of the Company's interim management statement in April 2011. Shareholders are advised that there can be no certainty that the discussions between Gem Diamonds and Lucara will lead to any agreement concerning a possible merger or as to the timing or terms of any such agreement and there can be no assurance that, even if reached, any such transaction would be completed. A further announcement will be made if appropriate.

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=4120357

RNK1 - dont think anyone wanted to predict fireworks and as none suspected them ---PURE have a long hard slog ahead of them

Paul Selway-Swift, Chairman of PureCircle, commented "The first half FY 2011 has been a challenging period with sales not reflecting the underlying growth in the Stevia market. We have a highly scaled business model that leaves results sensitive to sales volumes. We remain confident of the long term opportunity. The range of products already launched, the strong consumer reaction to Stevia and the quality of the companies using Stevia regularly all suggest that it is developing into a significant global industry. When it does, PureCircle will be well placed to capture the opportunity. We are well capitalized, the supply chain is ready and we have the strategic partnerships in place to service the global industry."

HIGHLIGHTS · Sales reflect timing of call offs of contracted volumes which are planned to be delivered in H2. · At 31 December 2010 the Group had gross assets of $270m, including inventories of $114m. · The Group has cash and banking facility headroom of more than $50m. · Two additional global contracts signed with new Global Key Accounts (GKA's) · Supply Partnerships with two existing GKA's extended and deepened. · The Company's underlying Stevia sales excluding these GKA's increased 227%. · FY 2011 sales expected to be in the range $50m to $60m. · Nielsen based data shows USA retail consumption of Stevia sweetened products for 2010 totaled $809m, up 126% on 2009. · PureCircle market share (excludes table top sweetener category, includes indirect sales) of USA retail products is running in excess of 90%. · Joint Ventures with Tereos and Nordzucker and partnership with Dohler have been formalized and are operational.

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=4120340