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Reuters

Review of openpit mining ban possible, says Philippine governor

21st February 2011 The governor of a southern Philippine province that imposed a ban on openpit mining threatening the country's largest mineral prospect said a review of the ban was possible, but there is slim chance it would be overturned. Public consultations on the ban that could jeopardise global miner... 

Main SA truck union OKs pay deal in theory

21st February 2011 South Africa's main truckers' union has agreed, subject to members' approval, to a new pay offer aimed at ending a week-long strike, unions and employers aid on Sunday. Three smaller truckers' unions had agreed on Saturday to a deal that offers a 9% pay rise this year and 8,5% next. 

Zambia's 2011 copper output to top 900 000 t

21st February 2011 Copper output in Zambia, Africa's leading producer of the metal, is expected rise to 900 000 t in 2011 from 819 159 t last year as mining companies boost output, the central bank said on Saturday. "Last year's copper output was 819 159 t and we are optimistic this year's production will reach... 

SA taps former PIC head Molefe to lead Transnet

16th February 2011 South Africa has appointed the former head of its government pension fund to lead troubled logistics group Transnet, which transports coal and iron ore in the commodity-exporting country. South Africa's Public Enterprises Minister Malusi Gigaba said the cabinet had appointed Brian Molefe,... 

Kenya to add million electricity consumers by 2013

16th February 2011 Kenya plans to connect an extra one million consumers to its national electricity grid in the next two years, the president said on Wednesday, as the country strives to boost rural electrification. East Africa's largest economy is beset by regular power outages due to insufficient electricity... 

SA taps former PIC head Molefe to lead Transnet

16th February 2011 South Africa has appointed the former head of its government pension fund to lead troubled logistics group Transnet, which transports coal and iron ore in the commodity-exporting country. South Africa's Public Enterprises Minister Malusi Gigaba said the cabinet had appointed Brian Molefe, former... 

Total CEO renegotiating with Tullow over Uganda deal

16th February 2011 Total is renegotiating parts of a deal it agreed with London-based explorer Tullow Oil to buy a stake in Tullow's Ugandan oil fields, the chief executive of the French oil major said on Wednesday. "Because of the time that has been lost...we have to be careful not to enter into licences with too... 

January CPI quickens, rates could rise

16th February 2011 South African consumer inflation accelerated in January, in line with consensus, official data showed on Wednesday, pushed up mainly by higher food and fuel costs. A sustained upward trend in the data in the next few months could increase chances of interest rates rising before the end of the... 

Russia's Polyus Gold plans London listing in summer

9th February 2011 Russia's largest gold miner Polyus Gold will list shares in London this summer, its main owner and chief executive Mikhail Prokhorov said late on Tuesday. The London listing is a long-planned move to facilitate a merger with KazakhGold. 

SA State coal firm to open in Feb - official

8th February 2011 A state-owned South African mining company likely to focus on coal and uranium will be up and running by the end of February, but much of its work will be farmed out to private firms, a senior official said on Tuesday. "People think that they will see public servants drilling, but we have... 

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