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Joint Ventures

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  • Sept 12- Precious metals miner Fresnillo Plc said it would buy Newmont Mining Corp's 44 percent stake in their Mexico joint venture mines for $450 million in cash, increasing its exposure to gold mining in the country.

  • Solid Venture's quest to fight DMD     Tuesday, 9 Sep 2014 | 6:50 AM ET

    Ilan Ganot, Solid Ventures, discusses the company's ongoing efforts to develop treatments for Duchenne muscular dystrophy through gene therapy.

  • *New company to own, manage MTN's 9,151 towers in Nigeria. DUBAI, Sept 4- South Africa's MTN has agreed to form a joint venture with specialist tower company IHS that will own and operate MTN's 9,151 transmitter towers in Nigeria, IHS said on Thursday.

  • KIEV, Aug 14- Ukraine's parliament approved a law on Thursday to allow gas transit facilities to be leased on a joint venture basis with participation from firms in the European Union or United States.

  • HARARE, Aug 5- A Zimbabwe- Russia joint venture company, Ruschrome Mining, plans to invest $1.6 billion in developing a platinum mine and constructing a smelter and refinery in the African state, the state-owned Herald newspaper reported on Tuesday.

  • Peugeot's China venture raises 2014 sales target Monday, 7 Jul 2014 | 7:30 AM ET

    SHANGHAI, July 7- French carmaker PSA Peugeot Citroen's Chinese joint venture with Dongfeng Motor Group Co Ltd raised its 2014 sales target by about 50,000 vehicles on Monday after a strong first-half sales performance.

  • June 26- Infosys Ltd co-founder N.R. Narayana Murthy is close to entering into an e-commerce joint venture in India with Amazon.com Inc through his investment firm, Catamaran Ventures, India's Economic Times reported. Amazon and Catamaran were not immediately available for comment.

  • PARIS/ STUTTGART, June 26- Daimler and Nissan have finalized a joint venture deal to build future Mercedes and Infiniti compact cars in Mexico, sources with knowledge of the matter said on Thursday as the automakers called a news conference to unveil the plans.

  • PARIS, June 16- Airbus Group and Safran confirmed plans on Monday to pool their efforts on space launchers, taking the first step towards what could become a unified European company to prevent the Ariane space rocket being eclipsed by U.S. low-cost rival SpaceX.

  • MOSCOW, June 16- Russian's Lukoil and Gazprom will set up a joint venture by the end of this year to explore a part of the Barents Sea shelf, Lukoil CEO said on Monday. Lukoil, Russia's biggest non-state oil producer, will have a 34 percent share in the venture, Vagit Alekperov told reporters on the sidelines of an energy conference in Moscow.

  • PARIS, June 16- Airbus Group and Safran confirmed plans on Monday to combine work on space launchers, accelerating efforts to fend off a growing threat to Europe's Ariane space rocket from U.S. low-cost rival SpaceX. Airbus and Safran shares were both up around 0.4 percent, while the CAC40 index was down 0.2 percent.

  • PARIS, June 16- Airbus Group and Safran said on Monday they had agreed to create a 50-50 joint venture in space launchers, combining Airbus's launch systems with Safran's propulsion systems, to help to compete with new low-cost rivals.

  • PARIS, June 15- Airbus Group and Safran look set to boost co-operation in the space launch industry with a joint venture, accelerating Europe's response to competition from U.S. low-cost rival SpaceX, people familiar with the matter said. Airbus Group and Safran declined comment.

  • ST PETERSBURG, Russia, May 23- Russia's No.2 oil producer, Lukoil, and France's Total agreed on Friday to set up a joint venture to tap vast tight oil reserves in Siberia.

  • BEIJING, May 21- Sinopec Group said it is forming a joint venture oilfield services company with U.S.-listed Weatherford International, a move that may give the Chinese state energy firm the lead in tapping the nation's potentially vast shale resources.

  • REQUIRES CONAGRA, CARGILL, CHS FLOUR MILLERS TO DIVEST FOUR SIGNIFICANT MILLS BEFORE JOINT VENTURE CAN GO FORWARD.

  • HP, Foxconn launch cloud server joint venture Wednesday, 30 Apr 2014 | 7:40 AM ET

    April 30- Hewlett-Packard Co and Taiwanese contract electronics manufacturer Foxconn Technology Group launched a joint venture to make servers aimed at companies which provide cloud computing services. The new cloud-optimized servers will help service providers to cut costs, the companies said in a statement.

  • TOKYO/ NEW DELHI, April 25- Japanese telecoms giant NTT DoCoMo Inc said on Friday it was seeking to sell, likely at a deep discount, its stake in a loss-making Indian joint venture with diversified conglomerate Tata Group, bowing out of the world's second-biggest mobile phone market.

  • DAKAR/ LONDON, April 9- A Guinea government report recommended that BSG Resources and its joint venture partner, Brazilian mining giant Vale, be stripped of two iron ore concessions, saying BSGR obtained the rights by corruption.

  • DAKAR/ LONDON, April 9- A Guinea government report recommended that BSG Resources be stripped of two iron ore concessions, saying the company and a joint venture it owns with Brazilian mining giant Vale obtained the rights by corruption.