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Reuters

Burkina Faso says Paris court dismissed $2.2bn claim over manganese mine contract

14th March 2019 A Paris court has dismissed a $2.2-billion claim against Burkina Faso lodged by Pan African Minerals Group over control of one of the world's largest manganese mines, Burkina's government said on Thursday. Romanian-Australian tycoon Frank Timis' Pan African Burkina Limited (PAB) bought the rights... 

MTN aims to expand local shareholding of its Ugandan unit to 20% – CEO

14th March 2019 MTN Group's Uganda unit is looking to boost local shareholding to 20% from 4% this year, the South African telecoms giant's Chief Executive Robert Shuter said. The move to expand local ownership appears a bow to pressure from Ugandan President Yoweri Museveni who has said he would like the firm... 

South Africa sugar tax to cut industry revenues, prompt reform – USDA

14th March 2019 South Africa's sugar tax could slash industry revenues and prompt restructuring of the country's sugar sector, the US Department of Agriculture (USDA) said in a report published on Wednesday. The tax, introduced last April, has slashed the beverage sector's use of sugar by 30%, the USDA attache... 

Uganda probes refinery over alleged smuggling of gold

14th March 2019 Ugandan authorities said on Wednesday they are investigating the country's biggest gold refinery over recent imports of an estimated 7.4 tonnes of gold, worth some $300-million. Ugandan state-run media has reported the gold could have originated from Venezuela, which has been selling gold to prop... 

Ethiopian crash black boxes sent to Paris as 737 MAX jets grounded globally

14th March 2019 Two black boxes from the Boeing 737 MAX airplane that crashed in Ethiopia were being taken to Paris for investigation, Ethiopian Airlines said, as regulators around the world awaited word on whether it was safe to resume flying the jets. Following the lead of other global aviation regulators... 

BHP to drill more wells in Trinidad after gas finds

14th March 2019 BHP Group has stepped up exploration drilling in deep water off Trinidad and Tobago hunting for gas which could supply the country's Atlantic LNG (liquefied natural gas) plant in the 2020s, a senior executive said. The company expects to complete drilling of three wells in block 14, located in... 

Exxaro Resources FY earnings jump on higher coal prices

14th March 2019 South African coal mining company Exxaro Resources, which is led by CEO Mxolisi Mgojo, said on Thursday its full-year earnings climbed 7%, boosted by higher coal prices and the absence of one-off transactions seen a year earlier. Core headline earnings per share (HEPS) rose to 2 159c or... 

Southern Copper eyes lithium project in Mexico - CEO

14th March 2019 Southern Copper Corp, one of the world's biggest copper producers, is considering an investment in a lithium project in Mexico that has also attracted interest from a Chinese firm, the company's CEO told Reuters on Wednesday. Oscar Gonzalez said company officials visited the lithium project in... 

China becomes world's biggest importer of rare earths - analysts

13th March 2019 China, the world's top producer of rare earth elements, last year also emerged as the biggest importer of the group of minerals used in everything from ceramics to consumer electronics, analysts said on Wednesday. China has for years been the world's biggest rare earths exporter, raising... 

Ethiopia to send Boeing black boxes abroad, Norway airline wants compensation

13th March 2019 Ethiopian Airlines said on Wednesday it would send the black boxes from its crashed Boeing 737 MAX abroad, while a Norwegian airline sought compensation from the US planemaker after two thirds of that model were grounded globally. Sunday's still unexplained crash of the passenger jet, just after... 

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