Small caps round-up: Zirax, Sabien Technology, Eredene Capital...

10th Aug 2009 09:56

Speciality chemical company Zirax said it has won the contract to supply 20,000 metric tonnes of calcium chloride based de-icers to Moscow City Council for its 2009/10 winter season.This particular contract, worth $4.0m, is principally comprised of Zirax's de-icing product IceMelt. It means Zirax will supply its de-icing products to Moscow for a seventh consecutive year. "Moscow City Council remains an important account for Zirax and we are delighted that the municipal has again chosen us to supply them with our value added de-icers," said chief executive Fenlon Dunphy.Energy efficiency technology specialist Sabien Technology has entered agreements to supply its M2G technology, which reduces the energy required for heating, to outsource group Serco and Semplice Energy, part of British Gas.Eredene Capital, the AIM quoted investor in Indian infrastructure developments, has conditionally raised about £7.1m by way of a placing. The group said the proceeds will be used to seed a private development fund to be managed by Eredene to invest in new infrastructure projects in India.Synchronica, the AIM listed mobile email and data synchronisation provider, has received a purchase order for $248,000 from a second North-African mobile operator for an initial 70,000 user license of its mobile email product Mobile Gateway. The government of Liberia has granted Mano River its Class 'A' 25-year mining licence within the Bea Mineral Development Agreement (MDA)."This represents another positive step forward towards commercial production from Liberia's first ever hard rock gold mine," said President and CEO Luis da Silva.A bankable feasibility study for an underground mine targeting 100,000 ounces a year is due for completion by the end of 2010.Alternative energy Enova Systems has delivered the first 70 pre-transmission hybrid drive systems to Chinese firm First Auto Works. An additional 150 hybrid drive systems are scheduled for delivery in 2009 and a deal has been struck to supply 800 pre-transmission hybrid drive systems next year. Atlantic Coal, which mines for the fuel in the US state of Pennsylvania, has raised £280,000 via a placing of 42.75m shares at 0.66p each. The firm later announced that it last week bought 6.84m shares in Strategic Natural Resources at 8.24p a share and is mulling a 15p a share offer for the southern Africa-focused coal miner.Oil and gas engineering business Plexus is to build a new assembly and test facility at its premises in Dyce, Aberdeen for £500,000.It says the new facility will allow for more efficient handling, assembly and testing of its 'high pressure/high temperature' wellhead systems.'Oil and gas firm Providence Resources said Eni has farmed into Frontier Exploration Licence 3/04. Under the terms of the farm-in agreement, Eni will assume a 40% interest in the Dunquin licence with ExxonMobil Exploration and Production Ireland (Offshore) Limited holding a 40% operated stake, whilst Providence and Sosina will retain 16% and 4% equity positions, respectively.