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Oracle Power forms agreement with largest shareholder to explore new ventures in Africa

Oracle Power PLC (LON:ORCP) CEO Naheem Memon tells Proactive the firm has inked an agreement with the private office of Sheikh Ahmed Dalmook Al Maktoum which will see them potentially partner and collaborate to explore potential mining opportunities in Africa. Memon says the partnership is a 'great statement of trust' with Sheikh Ahmed Dalmook Al Maktoum, and its leading the firm in the right direction to become an international player in the natural resource, mining, and power development space.

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Price: 0.68501 GBX

AIM:ORCP
Market: AIM
Market Cap: £13.56 m
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Oracle Coalfields chief says company must now make up for lost time

Shahrukh Khan, the chief executive of Oracle Coalfields (LON:ORCP), says the three-month delay to work means the company now has to knuckle down and make up for lost time. It follows the news the company has received written confirmation that its mining lease over the Block VI of the Thar...

on 02/23/2015

2 min read