logo-loader

Obtala Ltd gets new look after shifting focus

Published: 00:46 11 Aug 2016 AEST

Former miner Obtala Resources Plc (LON:OBT) is changing its name to reflect its move into a new market.
Africa-focused Obtala is dropping 'Resources' from its title after moving into the forestry and farming business.
It initially focused on mineral mining in Tanzania, but has been re-positioning itself as an emerging Africa agri- and timber trader and investor.
Chairman Miles Pelham said the move should help the business to attract investors in its chosen markets.
"We felt the word 'resources' in our title led new investors to misunderstand the company's strategy," he said.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

6 hours, 35 minutes ago