Industry News

Morgan Stanley's more cheerful outlook for iron ore prices in 2016, reported by Bloomberg, is probably the reason why NMDC Ltd's share was up by 1.91% on BSE on Wednesday. That's good news for Vedanta Ltd too, whose Goa unit is set to operate at a higher level in FY17--the Vedanta stock was up 3.29% on BSE. The investment banker revised up its price outlook for 2016 by 17% to $46 a tonne while its 2017 forecast was also revised upwards by 13% to $42 a tonne, from its earlier..."/>
Improved iron ore outlook props up Vedanta and NMDC shares [Mint, New Delhi]
Tata Steel Ltd's plans to sell its Port Talbot manufacturing facility. "The sale process is on," Tata Steel's group executive director Koushik Chatterjee said in Kolkata on Wednesday. Asked if Tata Steel had any plans to stay invested in the south Wales factory, Chatterjee said the British government had offered some incentives to help in its revival, and the company has, in turn, shared..."/>
Brexit will not affect UK sale process: Tata Steel [Mint, New Delhi]
Ecolab has agreed to buy a French company that specializes in disinfection products for the health care industry, officials announced Wednesday. Ecolab's binding offer is for Laboratoires Anios, based in Lille, France. The company-- which also makes hygiene products for food and beverage processors and the food service industry-- employs 700 people and generates about $245 million a year."/>
Ecolab to buy Laboratoires Anios, a French maker of disinfectant products [Star Tribune (Minneapolis)]
Mundoro Capital Inc., is pleased to announce that 16,290,261 common shares representing 37% of the total number of shares issued and outstanding were voted at its Annual General Meeting held on June 28, 2016. Resulting from the Meeting, the following nominees to the Board have been elected by the shareholders:. ----------------------------------------------------------------------------Director Percentage of Nominee Votes Cast---------------------------------------------------------------------------- John Hoey 94.96%---------------------------------------------------------------------------- Teo Dechev 96.51%---------------------------------------------------------------------------- Michael Calyniuk 96.51%---------------------------------------------------------------------------- Graham Brown 93.88%----------------------------------------------------------------------------."/>
Mundoro Reports on Annual General Meeting Results and Options Granted
ASE concludes quarterly review [Jordan Times, Amman]
Resource Capital Gold Corp., TSXV: RCG announces today that it has entered into an agreement to settle CAD $383,750 of debt with ACT2 Pty Ltd., the Company's largest shareholder. Pursuant to the agreement, the Company will issue ACT2 7,675,000 common shares at a deemed price of $0.05 per share. After this transaction, ACT2 will own and control 10,597,554 common shares, representing 19.9% of the issued and outstanding common shares of the Company."/>
RCG Announces Shares for Debt Transaction
DOLLY VARDEN SILVER Idaho-based precious and base metals deposits developer Hecla Mining Company will make a takeover bid for all of the outstanding shares of Canada-based mineral exploration company Dolly Varden Silver Corp. not owned by Hecla and its affiliates for USD 0.53 cash per share, the company said. The bid will be subject to a minimum tender..."/>
M and A Navigator: Deal pipeline 30 June
CEMEX Holdings Philippines, Inc., an indirectly wholly-owned subsidiary of CEMEX España, S.A., priced on June 30, 2016 in Asia its initial public offering of 2,032,980,830 common shares at a price of ?10.75 Philippine Pesos per common share. The common shares offered by CHP include 2,032,980,830 new common shares offered in a public offering to investors in the Philippines and in a concurrent private placement to..."/>
CEMEX Announces Pricing of the Sale of a Minority Stake in the Capital Stock of Its Subsidiary in the Philippines
Loncor Resources Inc. is pleased to announce that, further to its June 13, 2016 press release, it has closed a non-brokered private placement of 1,750,000 units of the Company at a price of Cdn $0.12 per unit for gross proceeds of Cdn $210,000. Each such unit is comprised of one common share of the Company and one-half of one warrant of the Company, with each full warrant entitling the holder to purchase one common share of the Company at a price of Cdn $0.18..."/>
Loncor Closes Private Placement Financing
Loncor Resources Inc. announces that the four nominees listed in the Company's management information circular for the annual and special meeting of shareholders of the Company held on Wednesday, June 29, 2016 were elected at the Meeting as directors of Loncor. The vote was conducted by a show of hands. The detailed results of the votes received by proxy are set out below:."/>
Loncor Resources Announces Election of Directors
Idaho North Resources announced today that it has formed a business alliance with Lithium Corporation for the purpose of locating and exploring lithium-bearing properties in the state of Nevada. The alliance will allow for a free flow of information, data, concepts, and techniques to be shared between the companies for their mutual benefit and to guide joint exploration efforts. This alliance is not a partnership unless a prospective property is..."/>
Idaho North Resources and Lithium Corporation Form Business Alliance for Lithium Exploration in Nevada
Banro Corporation announces that the seven nominees listed in the Company's management information circular for the annual meeting of shareholders of the Company held on Wednesday, June 29, 2016 were elected at the Meeting as directors of Banro. The vote was conducted by a show of hands. The detailed results of the votes received by proxy are set out below:."/>
Banro Announces Election of Directors
Canexus Corporation held its Annual General Meeting of Shareholders in Calgary on June 29, 2016. A total of 64,192,027 shares were represented in person or by proxy. The voting results for the resolution to elect individual directors were as follows:. Outcome of Vote Nominee For% Withheld% Non-Vote-------------------------------------------------------------------------- David R. Collyer 61,893,842 96.42 2,298,185 3.58 0 Stephanie L. Felesky 62,213,149 96.92 1,978,878 3.08 0 Hugh A. Fergusson 62,247,595 96.97 1,944,432 3.03 0..."/>
Canexus Corporation's Shareholders Approve Resolutions at Annual Meeting

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