South Africa’s beleaguered State power utility and regulatory uncertainty are the biggest risks for investors wanting to put their money in the country, according to Anglo American. The challenges presented by Eskom Holdings “probably represents our si…
Anglo American says Eskom poses a major risk for investors Read More »
Some investors are getting out of Eskom Holdings dollar bonds amid concern South Africa is taking too long to implement a turnaround plan and explain what it will do about the utility’s $35-billion of debt. Yields on the struggling power company’s doll…
Eskom bonds punished as investors clamour for faster turnaround Read More »
A UK judge dismissed efforts by mining tycoons to stop British prosecutors from bringing charges in a wide-ranging investigation into fraud, bribery and corruption, bolstering the Serious Fraud Office (SFO) in one of its longest-running and most sensi…
Mining tycoons lose challenge to UK bribery investigation Read More »
De Beers is taking more drastic steps to stem the crisis in the diamond industry by cutting prices across the board for the first time in years.
The company, the world’s biggest diamond producer, lowered prices by about 5% at its November sale, accord…
De Beers cuts diamond prices by about 5% as industry crisis deepens Read More »
Australian mining magnate Gina Rinehart’s fortune swelled $2.1-billion after her closely held company reported improved financial results on the back of higher iron-ore sales. Hancock Prospecting’s revenue rose 39% for the year to June 30. Earnings als…
Gina Rinehart’s wealth swells as family split lingers Read More »
Ethiopia is awaiting proposals from European and Asian companies for a joint venture intended to oversee the revival of a stalled fertiliser complex.
The unidentified firms have expressed interest in developing the Yayu Fertilizer Complex comprising a…
Ethiopia awaits proposals for revival of fertiliser complex Read More »
Control of Bindura Nickel Corp, Zimbabwe’s biggest nickel operation, has been sold to a company linked to an adviser of President Emmerson Mnangagwa. Sotic International., a Mauritius-based firm, bought a 74.73% stake in the company from Asa Resource G…
Mnangagwa adviser’s company buys biggest Zimbabwe nickel miner Read More »
Rosatom is eyeing Africa as one of its “priority regions” to build more nuclear reactors and expand its business. President Vladimir Putin hosted leaders from more than 50 African countries in the Black Sea resort of Sochi in a renewed effort to increa…
Russia’s State-owned nuclear giant is targeting Africa for its growth Read More »
Five new policy measures could preserve much of the European Union’s heavy industry while prodding those companies toward reducing their fossil fuel emissions.
That’s the conclusion of research from a group of academics that are advising companies and…
Five measures suggested to make Europe’s big polluters greener Read More »
Zimbabwe’s government is banking on a platinum-mining boom to help revive its collapsing economy. The world’s biggest platinum companies say it isn’t going to happen. Since Emmerson Mnangagwa took over as leader of the country following a coup in late …
Zimbabwe plans platinum-led revival, but miners say it won’t happen Read More »
