Acteon Group (company)

LBank Exchange Will List Solarx (SOLX) on September 20, 2023

Retrieved on:

Wednesday, September 20, 2023

The SolarX project pioneers eco-friendly cryptocurrency mining through renewable energy sources, reducing the environmental impact of mining.

Key Points:

The SolarX project pioneers eco-friendly cryptocurrency mining through renewable energy sources, reducing the environmental impact of mining.
It introduces the SOLX token for various real-world applications, operating on a dual-chain system (40% SolarX chain and 60% Polygon chain) to ensure network stability.
Addressing power quality disturbances with SVM-based solutions, SolarX employs GPS technology for efficient EV recharging.
Additionally, SolarX Group Company will operate in multiple markets, ensuring growth opportunities while managing risks effectively.

Rio Tinto completes acquisition of Turquoise Hill

Retrieved on:

Friday, December 16, 2022

Mining, Minerals, Natural Resources, Acquisition, Rio Tinto, NYSE, Treaty of friendship and alliance between the Government of Mongolia and Tibet, Tinto, UK, Oyu Tolgoi mine, Australian Securities Exchange, TRQ, Financial Conduct Authority, TSX, Acteon Group (company), Partnership, Iron ore

Rio Tinto has completed its acquisition of Turquoise Hill Resources Ltd (TSX: TRQ) (NYSE: TRQ) (Turquoise Hill) for a consideration of approximately $3.1 billion1, simplifying its ownership of the world-class Oyu Tolgoi mine in Mongolia, significantly strengthening Rio Tintos copper portfolio, and demonstrating its long-term commitment to the project and Mongolia.

Key Points:

Rio Tinto has completed its acquisition of Turquoise Hill Resources Ltd (TSX: TRQ) (NYSE: TRQ) (Turquoise Hill) for a consideration of approximately $3.1 billion1, simplifying its ownership of the world-class Oyu Tolgoi mine in Mongolia, significantly strengthening Rio Tintos copper portfolio, and demonstrating its long-term commitment to the project and Mongolia.
Rio Tinto now holds a 66% direct interest in the Oyu Tolgoi project with the remaining 34% owned by the Government of Mongolia through Erdenes Oyu Tolgoi.
Rio Tinto Chief Executive Jakob Stausholm said Oyu Tolgoi is an outstanding asset with incredible people that will deliver significant long-term value for Rio Tinto and Mongolia.
Turquoise Hill has become a wholly owned subsidiary of Rio Tinto and Turquoise Hill shares will cease trading.

Rio Tinto acquisition of Turquoise Hill receives shareholder support

Retrieved on:

Friday, December 9, 2022

Rio Tinto has received the required support from Turquoise Hill Resources Ltd (TSX: TRQ) (NYSE: TRQ) (Turquoise Hill) shareholders for its proposed acquisition of the approximately 49% of the issued and outstanding shares of Turquoise Hill that it does not currently own.

Key Points:

Rio Tinto has received the required support from Turquoise Hill Resources Ltd (TSX: TRQ) (NYSE: TRQ) (Turquoise Hill) shareholders for its proposed acquisition of the approximately 49% of the issued and outstanding shares of Turquoise Hill that it does not currently own.
Completion of the acquisition is expected in the days following court approval, after customary closing procedures.
Rio Tinto Copper Chief Executive Bold Baatar said: We welcome the support from minority shareholders, which is a key milestone in our acquisition of TRQ.
The person responsible for arranging and authorising the release of this announcement on behalf of Rio Tinto is Steve Allen, Group Company Secretary.

Presidio Ventures Makes Strategic Investment in Web3 Pro, Inc.; Will Leverage Sumitomo's Network to Enhance Value of Enterprise NFT Platform

Retrieved on:

Thursday, July 14, 2022

"We're excited to enter into the Web3 world and expand our media and entertainment business horizon through our investment into Web3 Pro," said Mr. Doug Kuribayashi, CEO of Presidio Ventures.

Key Points:

"We're excited to enter into the Web3 world and expand our media and entertainment business horizon through our investment into Web3 Pro," said Mr. Doug Kuribayashi, CEO of Presidio Ventures.
Christian Ferri, a blockchain pioneer and author on the subject, and the CEO and Founder of Web3 Pro, said "We are excited to bring on Presidio Ventures as an investor and supporter of our expanding platform.
Sumitomo Corporation has extensive experience within the media and entertainment sector and possesses a wide network of industry partners, businesses and consumer customers.
With Web3 Pro's suite of tools, executives across functions are gaining a new, effective set of capabilities enabled by Web3.

Presidio Ventures Makes Strategic Investment in Lilac Solutions, Inc.; Plans to Leverage Sumitomo Corp of Americas' Network to Enhance Value of Lithium Extraction Technology

Retrieved on:

Wednesday, October 6, 2021

"We're excited to contribute to the sustainable expansion of the world's Lithium's supply through our investment into Lilac solutions," said Mr. Doug Kuribayashi, CEO of Presidio Ventures.

Key Points:

"We're excited to contribute to the sustainable expansion of the world's Lithium's supply through our investment into Lilac solutions," said Mr. Doug Kuribayashi, CEO of Presidio Ventures.
Lilac's lithium extraction technology is significantly more effective, faster to deploy, less expensive and more sustainable than conventional lithium production methods.
Their Direct Lithium Extraction (DLE) technology unlocks new untapped brine resources that contain low lithium and high impurities, an area deemed unusable until recently.
Lilac has developed a patented ion exchange technology that facilitates production of lithium from brine resources with high efficiency, minimal cost and ultra-low environmental footprint.

Japan’s Tokio Marine Selects CyberCube for Global Cyber Accumulation Partnership

Retrieved on:

Tuesday, August 24, 2021

Tokio Marine, the global P&C insurance group, has become the latest globally leading insurance institution to partner with leading cyber risk analytics specialist CyberCube.

Key Points:

Tokio Marine, the global P&C insurance group, has become the latest globally leading insurance institution to partner with leading cyber risk analytics specialist CyberCube.
Pascal Millaire, CEO for CyberCube, said: This is a significant partnership for CyberCube.
Tokio Marine has purchased broad access to CyberCubes suite of carrier-based applications, complemented by new CyberCube services.
Daljitt Barn, Global Head of Cyber Risk, and Head of Tokio Marine Innovation Lab, said: Tokio Marine Group offers a comprehensive range of cyber insurance risk transfer and risk prevention solutions to businesses of all sizes and in all geographies.