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SA deputy president to meet mining firms, unions as platinum strike drags on

24th March 2014 South Africa's deputy president will meet with the mining industry and unions on Thursday for a regularly scheduled forum aimed at bringing stability to the sector, as a crippling platinum strike approaches its ninth week. Deputy President Kgalema Motlanthe's spokesman Thabo Masebe said the... 

African Development Bank to lend Tunisia $2.1-billion

20th March 2014 The African Development Bank will lend the Tunisian government $2.1-billion in 2014 and 2015 to support the country's economy, the bank said in a statement. Tunisia is one of the three main clients of the bank and has already received $1-billion loans in 2011 and 2012. 

World Bank set to approve financing for Congo's Inga dam

17th March 2014 The World Bank is likely to approve $73-million next week to fund an expansion of the Inga hydroelectric dam in Democratic Republic of Congo, a bank official said on Friday. The decision will be a relief to investors, particularly mining companies which have been threatened with electricity... 

Copper prices below $5 000 could threaten Zambian mines - Minister

17th March 2014 Zambian mines are still operating profitably, despite the fall in copper prices, but could be threatened if the price dropped below $5 000/t, Mines Minister Christopher Yaluma said on Saturday. Copper markets had been edgy over slowing Chinese demand and fears that credit upheaval in the world's... 

Some 500 000 Numsa members to strike on Wednesday

17th March 2014 South Africa's biggest union has called a one-day strike for Wednesday to highlight youth unemployment in the country, where one in four people are jobless, the union said. The 340 000-member National Union of Metalworkers of South Africa (Numsa) drew its members from car manufacturing, the metal... 

Ghana to start long-delayed gas processing from Jubilee field in Q3

10th March 2014 ACCRA  – Ghana will start processing gas from its offshore Jubilee oil field by September following long delays, the head of State-run Ghana National Petroleum Corporation (GNPC) said on Monday. Construction work on the $750-million plant, originally scheduled to be completed last year, had been... 

Anglo appoints new CEO of SA coal business

5th March 2014 Anglo American has appointed Themba Mkhwanazi chief executive of its coal business in South Africa. Mkhwanazi is currently Rio Tinto's regional GM for America, the company said in a statement this week. His appointment, which is effective in the second quarter of this year, follows the... 

Mongolia may lift ban on new mining exploration permits – Minister

5th March 2014 A moratorium on new mining exploration licenses in Mongolia could be lifted during the spring session of Parliament, Mongolia's Mines Minister said, as the Asian country works to lure back foreign investment after a slump last year. A ban on the issuing and processing of licences has been in... 

RBPlat to raise $139m in equity

4th March 2014 South African mid-tier platinum producer Royal Bafokeng Platinum (RBPlat) aims to raise R1.5-billion  in equity through a bookbuild and rights issue to fund its key Styldrift 1 mine project, the company said on Tuesday. The announcement comes against the backdrop of a sour investment climate in... 

New US fuel standards aim to cut asthma, heart attacks

3rd March 2014 The Obama administration on Monday announced new fuel and automobile rules to cut soot, smog and toxic emissions, which it says will reduce asthma and heart attacks in the US. The so-called Tier 3 rules unveiled by the Environmental Protection Agency (EPA) have been under development since... 


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