Tiash Saha

1 week ago | packaging-gateway.com | Tiash Saha

Irish billionaire Paul Coulson is close to finalising a deal that would transfer complete control of Ardagh Group, a global packaging giant he developed, to its creditors, reported Bloomberg. Coulson will receive a one-time payment of approximately $250m in exchange for Ardagh’s glass business and his majority stake in the metal unit. The decision follows intense negotiations with creditors to resolve Ardagh’s substantial debt, which includes approximately $12.5bn in borrowings.

1 week ago | packaging-gateway.com | Tiash Saha

Nigeria will adopt new regulations aimed at curbing the country’s plastic pollution, particularly from plastic packaging, which is the leading source of plastic waste. Developed with assistance from the United Nations Environment Programme (UNEP), these regulations will hold companies accountable for managing the plastic packaging they produce and use.

1 week ago | packaging-gateway.com | Tiash Saha

Indian flexible packaging solutions company UFlex has launched a new FSSAI-compliant single-pellet solution that combines recycled PET with virgin PET for the food and beverage packaging industry. This innovative product simplifies the packaging process by eliminating the need for manufacturers to purchase and mix materials separately.

1 week ago | mining-technology.com | Tiash Saha

Cygnus Metals, a diversified critical minerals development company, has secured commitments to raise A$18.3m ($11.8m) through a share placement. The funds will be used to develop the Chibougamau copper-gold project in Canada. It will support exploration, resource growth and studies to advance the project’s development. The funds will also provide general working capital and cover costs associated with the placement.

1 week ago | nrinvesting.com | Tiash Saha

Cygnus Metals, a diversified critical minerals development company, has secured commitments to raise A$18.3m ($11.8m) through a share placement. The funds will be used to develop the Chibougamau copper-gold project in Canada. It will support exploration, resource growth and studies to advance the project’s development. The funds will also provide general working capital and cover costs associated with the placement.