Copper is poised for its best quarter since 2010, helped by optimism over a stronger-than-expected demand rebound in top consumer China and mounting supply concerns in South America.
The metal used in everything from automobiles to electronics has sur…
Copper heads for best quarter since 2010 as supply worries mount Read More »
South Africa’s indebted power utility Eskom Holdings plans to issue a R1-billion sukuk bond as it tries to diversify funding sources to reduce borrowing costs. Eskom has appointed a lead arranger “to work towards establishing time lines for the issue,”…
Eskom widens its funding search to sukuk market Read More »
Sasol expects binding bids within weeks for its stake in a natural gas pipeline running from Mozambique to South Africa, as the company accelerates asset sales to pay off debt, according to people familiar with the process. The bidding round underway f…
Sasol’s asset sale programme advances with bids due for pipeline Read More »
House Democrats on Tuesday will issue an ambitious plan to combat climate change, a move intended to reassure their base of supporters but that’s sure to inflame opponents on the right.
The proposal will be released at an event at the US Capitol with …
House Democrats will call for 100% clean cars by 2035 Read More »
Gold futures edged closer toward $1 800/oz — a level last seen at the end of 2011 — as demand for haven assets surged amid concerns over rising coronavirus infections.
Bullion rose as deaths surpassed 500 000 worldwide and confirmed cases exceeded 1…
Gold edges closer to $1 800/oz as virus cases surpass 10-million Read More »
The latest tally of Covid-19 cases among Codelco workers shows why the world’s biggest copper producer is stepping up measures to contain the spread.
Of the state-owned company’s 71 000 total workforce, 1 951 people have been diagnosed with the diseas…
More copper workers are falling ill in the world’s top producer Read More »
The Democratic Republic of Congo’s main copper and cobalt-producing province halted trade in hand-dug minerals through June 29 in order to improve controls on the industry, amid concerns that Covid-19 could hit the mineral-rich region. Mines Minister W…
Congo suspends artisanal cobalt trade in key province on virus Read More »
Sasol has accelerated an asset disposal program that could eliminate more than half of the company’s debt. The South African company is trying to raise cash amid cost overruns and lower oil prices. The process could be done in a year and take in as muc…
A buyer’s guide to Sasol’s $5bn asset sale process Read More »
A Tanzanian hand-miner became an instant millionaire after selling the two of the largest tanzanite gems ever discovered to the government.
The East African nation’s central bank paid Saniniu Laizer 7.7-billion shillings ($3.3-million) for the stones,…
Tanzanian hand-miner becomes millionaire with tanzanite find Read More »
Seriti Resources Holdings has satisfied its appetite for South African coal mines after acquisitions over the past three years made the company one of the nation’s top producers of the fuel. Seriti will consider a range of growth opportunities from oth…
Seriti CEO seeks acquisitions beyond South African coal mines Read More »
