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Reuters

Activist fund Elliott adds potash to list of BHP grievances

20th July 2017 Activist shareholder Elliott Management said it has deep concerns over a proposal by BHP to enter the currently over-supplied fertiliser market, reiterating its call for change at the mining giant. BHP has signaled it may push ahead with its long-dormant Jansen potash mine in Canada in a... 

Guinea Bissau reaches $47m deal on submarine cable

20th July 2017 Guinea Bissau has agreed a memorandum of understanding with the World Bank, Orange and MTN for a $47-million project to link the country to a submarine telecoms cable connecting Africa with Europe, the government said on Wednesday. Under the agreement, French telecoms company Orange and South... 

US steel tariffs likely to trigger swift EU 'safeguard' – sources

20th July 2017 US President Donald Trump's plan to impose steel import tariffs for national security reasons would likely trigger a swift "safeguard" action by the European Union, political and industry sources said. Resorting to a Cold War-era law, Trump has initiated a 'Section 232' review of the US steel... 

Chile approves expansion at BHP's Spence mine – paper

20th July 2017 Chilean authorities have approved a $2.5-billion expansion of BHP Billiton's Spence copper mine, a local newspaper reported on Wednesday, though the company has not yet decided whether to go ahead with the project. Chile's Environmental Evaluation Service (SEA) has unanimously approved the... 

Peru miners start nationwide strike, govt sees little impact

20th July 2017 Unionised workers at mines in Peru, the world's second biggest copper producer, started a nationwide strike on Wednesday to protest the government's proposed labour reforms, the head of a federation of mining unions said on Wednesday. Workers at 56 mining unions in the Andean country, including... 

State of emergency in British Columbia extended as wildfires rage

20th July 2017 British Columbia's government took the unprecedented step on Wednesday of extending a state of emergency by two weeks as it battled 140 wildfires that have forced about 45 000 people from their homes. The province's Premier John Horgan said evacuated households would receive C$600 from the... 

Vodacom Tanzania extends deadline for stock market listing

19th July 2017 Vodacom Tanzania has extended the offer period for its initial public offering for a second time to allow foreign investors to take part, the telecom operator said on Wednesday. The company, a subsidiary of South Africa's Vodacom Group, said it had received approval from Tanzania's capital... 

Zinc falters as market appears better supplied than expected

19th July 2017 Zinc prices are running out of steam, with shortages in China appearing to be less severe than expected, inventories rebounding and producers selling the metal to take advantage of current market levels. Benchmark zinc prices on the London Metal Exchange surged 60% last year after the shutdown of... 

Over halfway into the year, steel outshines oil markets

19th July 2017 Over halfway into 2017, China's steel market has been the best performer among key Asian commodities because of cuts in low-grade steel production capacity that have reduced supply as demand has remained surprisingly strong. However, oil markets have been the worst performer despite a pledge by... 

Ethiopia plans to offer firms shares in road projects – finance minister

19th July 2017 Ethiopia plans to offer shares in its road-building and maintenance projects to private investors, its finance minister said on Tuesday, the latest step to open up and modernise the state-led economy. The Horn of Africa country has over 113 000 km (68 000 miles) of paved roads and plans to... 

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