Posts By: businessnewstoday

businessnewstoday March 22, 2018

Rio Tinto to sell Queensland coal mine stakes to Glencore for $1.7bn

Mining industry news : Australian-British mining giant Rio Tinto has made a $1.7 billion deal to exit from two Queensland coal mines – the Hail Creek coal mine and the Valeria coal mine in Australia by selling its stakes to Swiss natural resource company Glencore. Rio Tinto has been looking to divest all of its […]

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businessnewstoday March 20, 2018

Danish Crown acquires Danish pepperoni topping producer DK-Foods

Food acquisition news : Meat processing company Danish Crown has acquired DK-Foods, a Danish pepperoni topping producer which supplies the popular pizza topping to pizza manufacturers across Europe. The financial terms of Danish Crown acquisition of DK-Foods have not been disclosed. Through the acquisition, the Danish meat processing company aims to become a market leader […]

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businessnewstoday March 19, 2018

Navisun acquires OSG Solar I solar power project in Massachusetts

US solar industry news : Navisun, a solar power company has acquired OSG Solar I, a 2.746MW solar project in Orange, Massachusetts for an undisclosed price. OSG Solar I project has been in producing power since mid-2012. Through the acquisition, Navisun has started its mission to create a portfolio of solar power projects in the […]

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businessnewstoday March 19, 2018

ALLETE Clean Energy to build 80MW South Peak wind farm in Montana

Wind industry news : ALLETE’s subsidiary ALLETE Clean Energy will build the  80MW South Peak wind farm near Great Falls in the US state of Montana. The South Peak wind farm, which has been acquired from Peak Clean Energy, will supply the power it generates to NorthWestern Energy under a 15-year power purchase agreement. ALLETE […]

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businessnewstoday March 19, 2018

Rayalaseema thermal power plant capacity moves up to 1.65GW as BHEL commissions new 600MW unit

Bharat Heavy Electricals Limited (BHEL), the Indian government-owned power generation equipment manufacturer has put a new 600MW coal-fired power unit at the Rayalaseema thermal power plant into service. Located in Cuddapah district in Andhra Pradesh (AP), the Rayalseema power plant has a capacity of 1.65GW with the new unit. Developed in four stages so far, […]

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businessnewstoday March 18, 2018

Total to pay ADNOC $1.45bn to join Abu Dhabi offshore concessions

Total ADNOC deal : Total has made a AED5.3 billion ($1.45 billion) deal with the Abu Dhabi National Oil Company (ADNOC) to take stakes in two new offshore blocks in Abu Dhabi. As per the agreements signed by the parties, the French oil and gas giant has secured a stake of 20% in the Umm […]

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businessnewstoday March 18, 2018

Wesfarmers to spin off Australian supermarket chain Coles into separate company

Retail industry news : Australian supermarket chain Coles Supermarkets is all set to be spun off from its parent company Wesfarmers into a new $18 billion independent company listed on the Australian Securities Exchange (ASX). Wesfarmers is expected to retain a stake of 20% in Coles following the demerger, according to reports. The decision comes […]

The post Wesfarmers to spin off Australian supermarket chain Coles into separate company appeared first on Business News Today.

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