RENEWABLES-

Egypt’s AOI to construct Abu Qir’s new EGP 88.3 mn solar station: Abu Qir Fertilizers has awarded installation rights for its EGP 88.3 mn solar station to Arab Organization for Industrialization (AOI), according to an EGX disclosure (pdf). We first got word of the 2.5 MWp station in June after Abu Qir’s board approved the project in an effort to cut down on the company’s electricity consumption. AOI will have a year to complete the project.

CARBON MARKETS-

Transparency in carbon markets in Saudi Arabia: The Regional Voluntary Carbon Market Company and the National Committee for the Clean Development Mechanism of Saudi Arabia inked an agreement at the Future Investment Initiative forum yesterday to ensure the carbon markets in the Kingdom are transparent, robust, and credible, EnterpriseAM KSA reports.

M&A-

Inching closer to the AngloGold-Centamin acquisition: LSE- and TSX-listed mining company Centamin’s shareholders approved NYSE-listed global miner AngloGold Ashanti acquisition bid, with 98% voting in favor, the company said in an LSE disclosure. The transaction will be carried out on 22 November, pending the Royal Court in Jersey’s approval in a court hearing scheduled for 20 November.

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ICYMI: AngloGold — which holds a copper, silver, and gold mining portfolio — and Centamin reached an agreement last month that will see the Johannesburg-based mining giant acquire Centamin in a cash and share transaction valued at around USD 2.5 bn. The acquisition will give AngloGold ownership of the Centamin-run Sukari mine in Egypt, one of the world’s largest gold mines.

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