International stock news

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2014-12-18

ASF Group raises $6M from rights offer

 
Shareholders have demonstrated their confidence in ASF Group and its activities by subscribing for 33,852,492 shares. This represents about 63.58% of the shares offered under the rights issue priced at $0.18 per share. Funds will be used to fund current investments and for working capital.
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Rss Today on Proactive UK

2014-12-19

Independent Oil & Gas continues to press ahead with North Sea gas hub

 
"Gas prices are holding up. They're completely decoupled from oil prices, and the economics of our gas developments are very robust," CEO Mark Routh said.
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Rss Today on Proactive US

2014-12-19

Barrick Gold to suspend Zambian copper mine after royalty hike

 
Barrick Gold (TSE:ABX) (NYSE:ABX), the world’s biggest producer of the metal, said it will take steps to stop production at its Zambian operation after the southern African country increased mining royalties. The new tax plan, expected to go into effect on Jan. 1, eliminates corporate income tax, but imposes a 20 percent gross royalty on revenue without considering profitability, the Toronto-based company said in a statement today.
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