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China's EximBank approves $1.3bn for Guinea hydro plant

14th March 2018 China's EximBank has approved $1.3-billion in financing for a 450 MW hydroelectric plant in Guinea that the West African country's government hopes will allow it to export electricity to neighbouring countries. State-owned EximBank first agreed to fund construction of the Souapiti dam, about 50... 

Chile attempts to block China from prize lithium asset

14th March 2018 Chile's government has asked antitrust regulators to block the sale of a 32% stake in Chilean lithium company SQM to a Chinese firm on the grounds it would give it an unfair advantage in the global race to secure resources to develop electric vehicles. Chile development agency Corfo, which... 

January manufacturing output up 2.5% y/y

13th March 2018 South Africa's manufacturing output rose 2.5% year-on-year in January after expanding by a revised 1.8% in December, Statistics South Africa said on Tuesday. Factory production on a month-on-month basis was down 1.6% and rose 1.8% in the three months to January compared with the previous three... 

Violent protests in Guinea disrupt some bauxite shipments

13th March 2018 Opposition supporters in Guinea protested and erected barricades in the mining towns of Boke and Kamsar on Tuesday, disrupting some shipments of the aluminium ore bauxite, industry officials said. The unrest sparked by a row over local elections held in February spread from Conakry, paralysing... 

Pro-Zuma group blocks energy deals in blow to Ramaphosa

13th March 2018 President Cyril Ramaphosa was dealt a political blow on Tuesday, after a last-minute legal challenge by a group loyal to ousted leader Jacob Zuma blocked the signing of $4.7-billion in renewable energy deals. The North Gauteng High Court agreed to hold a full hearing on the challenge on March 27... 

Norway's Hydro reveals additional spills from Brazil plant

13th March 2018 A Norsk Hydro plant's spill of waste water in Brazil last month was more extensive than previously reported, and the company still lacks overview of the situation, it said on Tuesday. Authorities in late February ordered Alunorte, the world's largest alumina refinery, to cut output in half... 

Eurochem produces first potash at new $2bn Russian plant

13th March 2018 Russia-focused fertiliser producer Eurochem said it has produced its first potash at its new $2-billion Usolskiy plant in Russia. The project may intensify competition among suppliers of the crop nutrient in the region, traditionally dominated by Russia's monopoly producer Uralkali and... 

Russian coal miner SUEK raises $1bn syndicated loan – Interfax

13th March 2018 Russian coal miner SUEK said on Tuesday it raised a $1-billion syndicated loan, Interfax reported citing a company statement. "The loan with a five-year maturity date is secured by the group's export earnings," it said. 

Stone Age people in South Africa unharmed by supervolcano eruption

13th March 2018 A supervolcano eruption about 74 000 years ago on Indonesia's island of Sumatra caused a large-scale environmental calamity that may have decimated Stone Age human populations in parts of the world. But some populations, it seems, endured it unscathed. Scientists on Monday said excavations at two... 

Polish JSW beats forecasts with 2017 profit, but suspends dividend

13th March 2018 JSW, the European Union's biggest coking coal producer, said on Monday its 2017 net profit jumped to 2.54-billion zlotys ($745.31-million) from 6.7-million zlotys a year earlier, driven by a 65% rise in the average coking coal price. Analysts polled by Reuters had expected state-run JSW to... 


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