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Morning news wrap: Rio Tinto, 3i Group, Experian, Schlumberger, Europa Oil & Gas

Published: 08:21 15 Apr 2010 BST

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In the FTSE 100, miner Rio Tinto (LSE: RIO) said its Q1 global iron ore production was up 39% compared with Q1 2009.

Private equity group 3i (LSE: III) has announced market purchases of a total of £75,100,000 of 3i Group plc 3.625% convertible bond due 2011. The purchased bonds will be cancelled and there will remain some £354.9 million in bonds outstanding.

Credit information group Experian (LSE: EXPN) said that total revenue growth for the half was 3%, with organic revenue growth of 2% in the six months to 31 March.

In AIM, Philippines focused gold producer Medusa Mining (AIM&ASX: MML) has announced its intention to apply for admission to the London Stock Exchange’s Main Market for listed securities.

Europa Oil & Gas (AIM: EOG) has announced that the operator of its interested Voitinel-1 well in Romania Aurelian Oil & Gas (AIM: AUL) has contracted Schlumberger (NYSE: SLB) to undertake a proppant frac stimulation of the `1650 sand', an interval that flowed dry gas at rates of up to 3 mmscfpd un-stimulated on the initial test.

South Africa and Botswana operating diamond miner Firestone Diamonds (AIM: FDI) has conditionally placed 30 million shares at 31.5 pence per share to raise £9.45 million.

Copper and gold miner EMED Mining (AIM: EMED) has placed 83 million shares to raise £8.775 million.

University commercialization company Fusion IP (AIM: FIP) said that its portfolio company Medaphor has launched the first of its new ScanTrainer ultrasound training simulators.

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