Canada-based B2Gold is considering buying an idled Zimbabwean gold mine – if it can be exempted from a law that requires producers to sell all the metal to the country’s central bank, people familiar with the situation said. Securing an exemption may o…
Canadian miner said to be in talks to buy Zimbabwe gold project Read More »
Ghana is inviting investors to submit plans on how to tap the nation’s bauxite deposits as the government seeks to leverage more of its mineral resources to fund infrastructure. The government will receive proposals from interested parties until the en…
Ghana seeks investors to mine bauxite to fund infrastructure Read More »
South Africa’s Public Investment Corporation (PIC) faces a tough choice: back Sibanye Gold’s takeover of Lonmin, and take a hit on its investment, or scupper the deal and risk having to pony up more cash for the platinum miner. When Lonmin shareholder …
PIC faces dilemma over backing Lonmin deal Read More »
South Africa’s Public Investment Corporation (PIC) faces a tough choice: back Sibanye Gold’s takeover of Lonmin, and take a hit on its investment, or scupper the deal and risk having to pony up more cash for the platinum miner. When Lonmin shareholder …
PIC goes to London for Lonmin decision Read More »
As speculation swirls about plans to deal with Eskom Holdings’ crippling debt load, one group of stakeholders hasn’t been consulted – owners of the company’s R243-billion of bonds. South Africa’s State-owned power utility is groaning under almost R500-…
Eskom keeps investors in the dark as debt speculation mounts Read More »
It’s not often that the LSE comes to Africa looking for listings. Traditionally companies based on the continent have to make a strong case to have their stock traded on one the world’s biggest bourses. But this week, officials are on roadshow in a bid…
LSE says, hello, Africa! Come list with us Read More »
South Africa’s mining companies must reverse recent decisions to cut jobs in the industry to help revive the economy and boost investor confidence, according to Public Enterprises Minister Pravin Gordhan. His comments come a day after Lonmin said it pl…
Gordhan says mining firms must reverse job cuts Read More »
Vedanta Resources is seeking an urgent meeting with Zambian President Edgar Lungu over the threat to its local assets after a state-owned investment company asked the Lusaka High Court to liquidate them. Lungu at the weekend accused Konkola Copper Mine…
Vedanta seeks urgent meeting over its besieged Zambian unit Read More »
Hudbay Minerals is preparing a sale of a stake in one of the largest copper mines under development in the US as an investor pushes the company to review its portfolio, people familiar with the matter said.
The Toronto-based base metals miner has inte…
Hudbay is said to prepare sale of Arizona copper mine stake Read More »
Oil rose for a second day on signs Opec and its allies will extend production cuts beyond June, while a steadily deteriorating US-China trade relationship kept prices from pushing higher. Futures in New York extended their gains after closing up 0.5% o…
Oil climbs as Opec signal on output curbs overshadows trade risk Read More »
