Headlines from the Proactive UK newsroom.
Horizonte Minerals (LON:HZM) has received a US$1.7bn valuation on Vermelho, its second nickel project in Brazil. A pre-feasibility study estimates a 38 year mine life would also generate cash of US$7.8mln.
Feedback (LON:FDBK) says it is considering numerous opportunities for its medical imaging app Bleepa following its recent launch.. Advanced discussions are underway with NHS pilot sites and the company hopes to commence schemes in the near future.
Shanta Gold’s (LON:SHG) third quarter underlying profits jumped by almost 60% as production rose and costs fell at the New Luika mine in Tanzania. Net debt is now at its lowest for six years.
WH Smith is splashing out US$400mln to acquire US travel group Marshall Retail in a move that will double the size of its travel shops business.
Good news and bad news from the North Sea. Premier Oil’s (LON:PMO) Tolmount East well in the Southern Gas Basin hit 241 feet of gas-bearing, high-quality sands that will add significant value to its UK portfolio.
Cairn Energy (LON:CNE), though, hit it a duster with its wildcat well Chimera, which was drilled 40Km north of the Kraken field. The well will be permanently plugged and abandoned.