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Bloomberg

Chicago Tower, Continent's Tallest, Gets New Builder

20th July 2006 A new developer will take over construction of the 124-story Chicago skyscraper that will be North America's tallest after Fordham, the original builder, failed to secure enough funding for the project. 

Zinc shortfall was 120 000 t in first 5 months

20th July 2006 Zinc supply fell short of demand for the first five months of the year, because of higher consumption of the metal used to galvanize steel, the International Lead and Zinc Study Group said. 

Consol may receive bid as glassmakers lure investors

20th July 2006 Consol Ltd., a supplier of beer bottles to brewer SABMiller Plc, said it has received an approach that may result in the company being the latest takeover target in South Africa's glassmaking industry. The stock had its biggest gain ever. 

Botswana short-lists eight bidders in sale of airline

20th July 2006 Botswana short-listed eight companies to bid for Air Botswana, a state-owned airline that is being sold to private investors, the Public Enterprises Evaluation and Privatization Agency said. 

De Beers objects to term 'cultured diamonds'

19th July 2006 De Beers yesterday sharply criticized the use of the term “cultured diamonds” used by synthetic diamonds producers. 

Tongaat-Hulett first-half profit rises 43% on sugar

19th July 2006 Anglo American Plc's Tongaat-Hulett Group Ltd. unit, Africa's second-biggest sugar producer, said first-half profit rose 43% as the price of the sweetener gained and it earned more money from property. 

Xstrata raises Falconbridge bid 7,2% to thwart Phelps

19th July 2006 Xstrata Plc increased its hostile takeover bid for Canadian nickel miner Falconbridge Ltd. by 7,2%to C$18,6-billion ($16,3-billion) to thwart Phelps Dodge Corp.'s plans for the mining industry's largest takeover. 

Standard Bank to beef up commodities-trading team

19th July 2006 Standard Bank, Africa's largest lender, plans to expand its global commodities-trading team by more than a quarter in the next 12 months as it bids for a greater share of growing energy, metals and agricultural markets. 

Kermas plans to double chrome-ore exports to China this year

19th July 2006 Kermas Group, the world's second-biggest ferrochrome producer, plans to double exports of metallurgical-grade chrome ore from South Africa to China this year. 

Coal power to continue as main SA energy source - Eskom

19th July 2006 They belch hundreds of millions of tons of greenhouse gases into the atmosphere each year, but South Africa's coal-fired power stations will remain the major suppliers of the country's energy needs for years to come, Eskom said on Wednesday. 

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