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Proactive news highlights: Diamondcorp, Galantas, Horizonte, Motif Bio, OptiBiotix and more...

Diamondcorp raises production in South Africa, Range Resources confirmed the spudding of its latest well in Trinidad and Utilitywise gets a new chief executive.

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Daily news round-up from the world of Proactive

Iluka Resources Limited has offered £215mln for the entire issued share capital of Sierra Rutile Limited (LON:SRL). The acquisition will be implemented by merging Sierra Rutile with Iluka Investments.

Subject to the approval by shareholders, Sierra Rutile will cease the trading of its shares on AIM. 

In other news, Ortac Resources Ltd  (LON:OTC) has exercised its right and converted loans to take a 19.35% stake in Zambian firm Zamsort - as its Kalaba Cu-Co project is making good progress.

Elsewhere, Range Resources Ltd (LON:RRL) has confirmed the spudding of its latest well in Trinidad.

Drilling started on the LD-1 development well - which will be referred to as QUN-159 going forward - on August 8 at the Morne Diablo field.

Over at OptiBiotix Health plc (LON:OPTI) its subsidiary, The Healthy Weight Loss Company, now has products stocked in UK branches of the Whole Foods Market chain.

The Healthy Weight Loss Company, which is 51% owned by OptiBiotix, has won shelf space in the healthy foods-focused supermarket chain for its GoFigure meal replacement shakes and natural snack bars.

Meanwhile, antibiotics specialist Motif Bio Plc (LON:MTFB) has postponed its proposed listing on the Nasdaq exchange in the USA, citing market conditions.

Next, Diamondcorp Plc (LON:DCP) has raised production at its Lace mine in South Africa to the planned rate of 30,000 tonnes per month.

Production at the mine was temporarily suspended in July after an explosives incident, but work on the 310 metres underground level in the Upper K4 Block at Lace restarted last month.

Over at Mytrah Energy Ltd (LON:MYT), it has announced a series of senior management changes which include the hiring of a new chief executive.

Vikram Kailas, currently chief financial officer, has now become the company’s new chief executive taking over the role from Ravi Kailas, who retains his role as chairman.

Horizonte Minerals Plc's (LON:HZM, TSX: HZM) latest half year charted significant progress as it continues to advance its Araguaia nickel project in Brazil.

With the recent completion of the acquisition of the remaining two licences that make up the Glencore Araguaia nickel site, the enlarged property is one of the world’s largest nickel saprolite projects.

Shares in Galantas Gold Corp (LON:GAL, CVE:GAL) advanced as it revealed it had ordered mining equipment ahead of potential underground excavation at its gold mine in Omagh, Northern Ireland.

The refurbished units - a scoop and a drill jumbo  - are expected to be delivered this month (August).

And finally, Brendan Flattery is jumping ship from accountancy software firm The Sage Group PLC (LON:SAGE) to become chief executive of Utilitywise plc (LON:UTW).

The utility cost management consultancy said Flattery would take on the role on 1 October. At present, he is president of Sage’s European operations, and prior to that he had been chief executive of Sage’s UK & Ireland business.

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