Archive for the ‘Investors’ News’ Category

Orca Exploration published operational update on its activities

Thursday, October 17th, 2019

BVI-registered Orca Exploration Group Inc. published an operational update on its current activities in Tanzania. According to the released information, company’s additional gas sales increased in August 2019. In September, Orca Exploration signed agreement with the Tanzania Petroleum Development Corporation to increase the maximum daily quantity of Additional Gas that can be supplied under Orca’s Gas Sales Agreement.

The BVI company is actively seeking for new sales opportunities in Tanzania, assisting the government to evaluate the potential to supply large volumes of natural gas to partners in East Africa. Also, Orca is discussing the expansion of its existing compressed natural gas business with commercial fuel distributors and other potential customers. Also, Orca is close to completion of the front-end engineering and design for compression for the Songas facility.

CEO of Orca Exploration Nigel Friend said in his comments: “The Government of Tanzania is actively looking at ways to utilise its significant indigenous natural gas resources to fuel industrial and economic growth for the benefit of the country and the wider East African region. We are encouraged by this increased activity and, in conjunction with our partner, TPDC, are evaluating the options to increase production from the Songo Songo field to ensure that natural gas is available to support the Government’s objectives in a timely manner”.

BVI Government seeks new investors for hotel, after failure of deal with CA (BVI) Group Corp

Wednesday, May 1st, 2019

The VIP government is seeking new investors for redevelopment of the state-owned Prospect Reef Hotel, as the previous US$90 million deal between NDP administration and ICA (BVI) Group Corp signed in July 2017 has not materialized. Junior Tourism Minister Shereen Flax-Charles announced during the budget debate that prospective investors appeared at a recent tourism conference; also, by words of BVI Premier Fahie, many persons have interest about the hotel and continue to make contact with the BVI government.

Meanwhile, Third District Representative Julian Fraser urged the new government to pay the employees of the resort, as there are security guards who are not being paid. Also, he asked the government to give the facility some attention: “Prospect Reef has been a benefit to no one for the last 15 years. We cannot afford to lose those kinds of facilities. We are a tourism-oriented economy, and those are the things that we need. We don’t go back when it comes to development and efforts should be made in getting investors involved in bringing those things to life.”

The previous developers, ICA (BVI) Group Corp, had the plans to construct 150 rooms, condos/townhouses, a marina, conference centre, parking lots, a dolphin attraction, infinity pool, salt water pool, and villas. They received an extension from the NDP government, which expired on March 31, 2019.

BVI company resumed operations at San Andres gold mine

Thursday, February 14th, 2019

Aura Minerals Inc. made an announcement that it has resumed limited mining operations at its San Andres gold mine in Honduras. By words of the President and CEO of the BVI company, they have been closely working with local and national authorities and community to resolve the situation of the illegal occupation of their private lands by a small number of individuals. For the near-term, Aura will continue limited operations and expects to return mining activities to normal level progressively as the rule of law is enforced.

Aura’s President also said: “We are pleased to resume limited operations as the local economies were very detrimentally affected by the suspension. The suspension of operations negatively affects a number of stakeholders including our shareholders, close to a thousand employees and contractors and thousands of other Hondurans as the mine directly and indirectly, through taxes and a number of Aura initiatives, supports hospitals, schools and road maintenance among others.

Aura is focused on mining in complete terms – the so called 360° Mining. BVI company’s producing assets include the San Andres gold mine in Honduras, the Ernesto/Pau-a-Pique gold mine in Brazil and the Aranzazu copper-gold-silver mine in Mexico. The Company continues to explore options at Sao Francisco, and has two additional gold projects in Brazil and one gold project in Colombia.

Aura Minerals announced innovative 360° Mining Concept

Saturday, December 8th, 2018

Aura Minerals Inc., gold and copper production company working on gold and base metal projects in North and South America, and domiciled in the British Virgin Islands, announced its 360° Mining Concept which includes new mission, vision and values statement of the company. There will also be a new logo which will reflect the 360° Mining Concept; also, the company is working to update the website.

Company’s President & CEO commented, “We have been working hard on our strategy and our corporate culture to position Aura for operational excellence and growth and through this process we have developed a new mission statement and a concept of 360° Mining, which includes our vision and values.”

By words of company president, Aura’s vision is ‘mining in complete terms’ – thinking holistically about how the business impacts and benefits the company, shareholders, employees, and the countries and communities the company is working for. This is called 360° Mining, and it also means a constant state of evolution, always looking for ways to get better.

Also, on November 29, 2018 Aura received the Canada mid-size M&A deal of the year award at the 10th Annual Americas M&A Atlas Awards, for the merger with Rio Novo. In connection with this transaction, BVI company’s president together with Board Member Stephen Keith and Vice President Ryan Goodman received the corporate deal maker of the year in the Americas.