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Bloomberg

Worst-performing South African stock gets bid for crown jewel

15th January 2019 Ascendis Health is in talks to sell one of its best-performing units as last year’s biggest South African loser on Johannesburg’s stock exchange battles to ensure survival. The debt-laden maker of multivitamins, probiotics and pet nutritional supplements received an unsolicited offer for Cyprian... 

Monster gold-mining deals pile pressure on those left behind

15th January 2019 Mark Bristow’s tenure as boss of the world’s biggest gold miner might have been short-lived, but his message for smaller rivals just got even more pointed. “Holy camoly, I missed out on a great opportunity!” is how Bristow described anyone not involved in Barrick Gold’s purchase of Randgold... 

Garofalo may exit with $6.9m in biggest gold M&A

15th January 2019 Investors and analysts are still debating whether the biggest gold mining deal ever is good for acquirer Newmont Mining, but the CEO of the target company could end up millions of dollars richer. David Garofalo is eligible to collect at least $6.9-million, including as much as $4.6-million in... 

Newmont deal for Goldcorp erodes Canada's gold clout further

15th January 2019 Canada’s influence on the global mining industry appears to be shrinking by the day. Perhaps stung by the nationalistic backlash against Barrick Gold Corp's merger with Randgold Resources, Newmont Mining devoted a big chunk of its news release Monday explaining how its $10-billion offer for... 

Newmont's Goldcorp gamble may need 'drastic surgery' to work

15th January 2019 The cost to create the world’s largest gold company: A 17% premium for a $10-billion all-shares acquisition that faces some big-time challenges down the line. Newmont Mining’s deal for Goldcorp stands in stark contrast to the recent zero-premium merger between Barrick Gold and Randgold... 

Angola to hold first diamond auction as it seeks to open sector

14th January 2019 Angola will give the outcome of its first diamond auction on January 31 as the southwest African country’s seeks to increase transparency, attract more investment and boost government revenue, state-owned diamond-trading company Sodiam said. The evaluation of seven gemstones from Angola’s... 

World's highest gasoline price prompts strike in Zimbabwe

14th January 2019 Police clashed with protesters in the Zimbabwean capital as the main labor-union confederation began a national strike after the government more than doubled fuel prices to the highest in the world. The stay-away comes as a foreign-exchange shortage has sparked scarcities of everything from fuel... 

Helios Towers enters South Africa with Vulatel partnership

14th January 2019 Helios Towers entered the South African market by forming a partnership with Vulatel to build out wireless and fixed-line infrastructure in the country. Helios Towers expects South Africa to lead the way on 5G rollout in sub-Saharan Africa, it said in a statement on Monday. 

Senate democrats will force vote on sanctions of Deripaska firms

14th January 2019 US Senate Minority Leader Chuck Schumer says he will force a vote on a measure to block the Treasury Department’s plans to lift sanctions on three Russian companies linked to oligarch Oleg Deripaska, who is reported to be under scrutiny by Special Counsel Robert Mueller in his probe of Moscow... 

Merkel seeks to heal rift over role of coal in Germany's economy

14th January 2019 Angela Merkel this week will seek to bridge divisions in Germany about how quickly to cut the nation’s reliance on coal, a controversial issue that has sparked violent clashes between green protesters and police and rattled its brittle governing coalition. The Chancellor will use a Tuesday... 

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