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Morning news wrap: RIo Tinto, Rubicon Software, Cluff Gold, Gulfsands Petroleum

19th Mar 2010, 8:11 am Morning news wrap: RIo Tinto, Rubicon Software, Cluff Gold, Gulfsands Petroleum

In FTSE 100, miner Rio Tinto (LSE: RIO) has signed a non-binding MoU (memorandum of understanding) to set up a JV (joint venture) covering the development and operation of the Simandou iron ore project in Guinea.

In AIM, software developer Rubicon (AIM: RUBI) released its half yearly report, saying revenues declined 25%, while pre-tax losses narrowed to £62,000 from £103,000.

Africa focused gold deposit developer Cluff Gold (AIM: CLF) said it produced a total 19,288 oz (ounces) of gold in January and February 2010.

Oil and gas company with assets in Iraq, Syria and Gulf of Mexico, Gulfsands Petroleum (AIM: GPX) has rejected a preliminary approach received on 18 March regarding a possible offer for the company.

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