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Morning news wrap: International Power, Inmarsat, Antofagasta, Liberty International

In FTSE 100, Chilean copper miner Antofagasta (LSE: ANTO) reported a 12.2% decline in revenues to US$2.96 billion in 2009.

Satellite telecommunications company Inmarsat (LSE: ISAT) said 2009 revenues climbed 4.2% to US$1 billion, while pre-tax profits rose 1.8% to US$196.9 million.

Power generation company International Power (LSE: IPR) said revenues in 2009 fell from £5.1 billion to £4.9 billion, while pre-tax profits declined from £1.3 billion to £718 million.

Commercial property company Liberty International (LSE: LII) said it will demerge into two businesses, two businesses, Capital Shopping Centres and Capital & Counties.

In AIM, Botswana operating nickel and copper miner Discovery Metals (AIM: DME) announced an initial 5 year offtake contract with Swiss based trading company Transamine in anticipation of a decision to proceed with the construction of the Boseto Copper Project.

Turkey and Ethiopia operating gold miner Stratex International (AIM: STI) released its final results, highlighting the establishment of key alliances formed with a potential $15.5 million for further development of  four major projects in Turkey that was achieved during the period, while the company has also defined Five high sulphidation and two porphyry gold targets at Öksüt in Turkey.

Mobile email and data synchronisation group Synchronica PLC (AIM: SYNC) has signed its biggest contract to date for Mobile Gateway with a distributor for one of Indonesia's largest mobile operators, worth US$ 1.05m for 300,000 devices over a period of 12 months.

Africa and FSU operating oil and gas junior Victoria Oil & Gas (AIM: VOG) reported tests at rates in excess of 55 million cubic feet of natural gas and 1,000 barrels of condensate per day or approximately 10,000 barrels of oil equivalent per day combined at its Logbaba natural gas field in Cameroon.

www.proactiveinvestors.co.uk/companies/news/14178/morning-news-wrap-international-power-inmarsat-antofagasta-liberty-international-14178.html



Disclosure: The author holds no positions in the company