Proactive news summary: Ariana Akers Biosciences Condor Blanco fastjet Ferrex Genel Energy ...


(MENAFN- ProactiveInvestors) A lot of appointments were made today in a number of different sectors starting with Wolf Minerals (LON:WLFE).

The firm appointed Emma Hall as its general manager to focus on managing arrangements with partners and assessing mergers & acquisition opportunities.

Hall worked in the speciality metals sector for five years and has worked in investment banking with Rothschild and Merrill Lynch.

Meanwhile Meadow Bay Gold (TSE:MAY) appointed Christopher Crupi as the group’s new president and chief executive with immediate effect.

Crupi was previously chief executive of Paramount Gold and Silver Corp before it was sold to Coeur Mining for US$200mln.Iron ore and gold exploration and development company Sula Iron & Gold (LON:SULA) appointed Howard Baker as a non-executive director.

Carrying on with the appointments South American gold miner Minera IRL (LON:MIRL) appointed Diego Benavides as its interim chief executive (CEO) following the death of former executive chairman Courtney Chamberlain last month.Robin Fryer has taken over as independent non-executive director.

ImmuPharma (LON:IMM) announced interim management changes with non-executive director Dr Franco Di Muzio temporarily taking over as chairman after executive chairman Richard Warr’s decision to take a leave of absence following recent ill health.

In other signings diagnostics firm Akers Biosciences (LON:AKR) appointed an online marketing partner for its breakthrough device to test for weight loss.

InstaNatural will have the exclusive rights to sell the METRON the world’s only disposable breath-based detector of ketosis.

Rex Bionics (LON:RXB) looks set to team up with The University Hospitals Birmingham NHS Foundation Trust one of Europe’s leading hospital trusts to explore an “entirely new field” for its revolutionary robotic exoskeleton aimed at people with spinal injuries.

In mining news KEFI Minerals (LON:KEFI) has released a new resource statement which identifies 733045 ounces of contained gold at the Jibal Qutman project.

The gold resource provides the key input for an internal economic assessment which concludes that the project has sufficient economic merit to justify development.

Meanwhile Xtract Resources (LON:XTR) has forecast a substantial boost to revenues after grades shot up following surface mining of a new gold bearing reef at Chepica in Chile.

Cheaper tree cutting permits in Turkey are expected to halve annual forestry fees at Ariana Resources’ (LON:AAU) Kiziltepe gold operation. Rule changes mean forestry fees are now lower for lesser impact work.

To precious gems and Richland Resources (LON:RLD) expects sales of sapphires from its Capricorn mine to begin soon after mining resumed last month.

Elsewhere mining-focused private equity firm Grassroots Exploration has taken a 3.6% stake in junior resource investor Metal Tiger (LON:MTR) after it purchased 9.7mln shares.

Ferrex (LON:FRX) said it will continue to work closely with the government of Togo to ensure an exploitation permit is granted for the Nayega project.

In March the AIM quoted company said it expected the permit to be awarded during the second quarter.

Condor Blanco (ASX:CDB) is seeking new investment opportunities while maintaining its tenement position in Chile.

The highlight of its first quarter was the completion of a heads of agreement over the purchase of 100% of Devil's Creek the company said.

To energy and Genel Energy’s (LON:GENL) 25%-owned Tawke oilfield in Iraq has doubled production capacity to 200000 barrels per day in less than two years.

Away from mining and Tekcapital(LON:TEK) raised £2.15mln increasing its market value by 50% to beef up its sales force and acquire more university-developed inventions.

Budget African airline Fastjet (LON:FJET) revealed another record breaking month with 68088 passengers carried by the group’s Tanzania operations in the month of April.

Finally Porta Communications’ (LON:PTCM) Publicasity subsidiary has been appointed to run an awareness campaign for St Lucia as a travel destination.

Atlyn Forde director of marketing UK & Europe at the Tourist Board said: "We were really impressed with Publicasity's approach and proposal.”


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