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Endomines’ Friday Mine Project in Idaho, USA, reaching anticipated Milestones

Endomines reports good progress on construction and commissioning activities at its Friday mine project in Idaho, USA. The project continues to advance in line with the original expectations regarding both timetable and budget and has reached several development milestones in accordance with the project plan. The announced target timetable is to start up the mine within a year from the acquisition, i.e. by the end of February 2019, and the project budget is USD 7.7million.

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SMT Scharf takes over Canadian Mining Specialist RDH Mining Equipment

SMT Scharf AG (WKN 575198, ISIN DE0005751986) has indirectly acquired an interest in 100 percent of the shares in RDH Mining Equipment, based in Alban, Canada, through its wholly-owned subsidiary SMT Scharf Corporation, also based on Alban, Canada. With this acquisition, SMT Scharf AG is further pursuing its corporate strategy and strengthening its market position as an integrated system provider in the underground logistics area. The purchase price amounts to around CAD 8.0 million (corresponding to approximately EUR 5.17 million).

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SMT Scharf further expands Activities in China

SMT Scharf AG has agreed a strategic partnership with leading Chinese mining group Shanxi Lu'an Coal Technology Equipment Co., Ltd. A joint venture has been formed for this purpose to promote sales as well as service & after-sales business for specific transport systems for Chinese mining.

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Glencore completes Acquisition of voting Shares of Volcan Compañia Minera S.A.A.

Glencore refers to its announcement of 3 October 2017, in which it announced that it intended to make an offer to all of Volcan's shareholders via a public tender offer or oferta pública de adquisición de acciones subject to the laws and regulations of the Republic of Peru for up to 48.19% of the total class A common shares of Volcan at an offer consideration of US$1.215 per class A common share ("Offer").

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Huesker Group established Australian Subsidiary

Following the recent acquisition of NBW Mining (Aust) Pty Ltd, the Huesker Group established Huesker Australia Pty Ltd. Currently on a global expansion drive, Huesker Australia will better enable the group to provide its entire high quality product and solution portfolio to clients in Australasia.

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SNC-Lavalin completes transformative Acquisition of WS Atkins

SNC-Lavalin Group Inc. (TSX: SNC) (“SNC-Lavalin” or the “Corporation”) announces that it has completed its acquisition of WS Atkins plc (“Atkins”), one of the world’s most respected consultancies in design, engineering and project management, with a leadership position across the infrastructure, transportation and energy sectors. Headquartered in the UK, Atkins is a geographically diversified global company with approximately 18,000 employees in the US, Middle East and Asia, together with a leading position in the UK and Scandinavia.

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Rema Tip Top strives for strong Market Position in Brazil

Rema Tip Top, a globally operating system provider of services and products in the field of conveying and treatment technology as well as tyre repair, has acquired Norte Sul Serviços de Vulcanização (“Norte Sul Serviços”), a conveyor maintenance provider in Brazil. Through the acquisition, Rema Tip Top increased its global footprint and is now present in Brazil with a wholly-owned subsidiary.

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New strategic Partnership between Glencore and Qatar Investment Authority relating to Rosneft

Glencore and QIA have concluded various agreements which provide for the establishment of a 50:50 consortium (the Consortium).

The Consortium has entered into agreements in connection with the further privatisation of Rosneft whereby the Consortium will acquire from Rostneftegaz a 19.5% interest in the issued share capital of Rosneft (the Shares) for €10.2 billion (the Consideration). Under the proposed arrangements, Glencore will commit €300 million in equity (the Glencore Equity) and QIA will commit €2.5 billion in equity to the Consortium with the balance of the consideration for the acquisition of the Shares to be provided by non-recourse bank financing, principally by Intesa Sanpaolo S.pA., with Russian banks also providing financing and credit support.

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