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Reuters

Niger's Parliament to investigate 'uraniumgate' sale

20th March 2017 Niger's lower house of parliament voted unanimously on Friday to investigate accusations that President Mahamadou Issoufou's former chief of staff improperly participated in the state mining company's purchase of 5.5-million pounds of uranium. A Nigerien newspaper published documents last month... 

Union at Chile's Escondida slams new offer from management

20th March 2017 The labor union at the world's largest copper mine, BHP Billiton's Escondida in Chile, called a fresh offer of talks by management to end a 39-day strike "manipulative." The union told Reuters on Sunday that it will decide whether to attend a meeting with the company after holding two assemblies... 

Washington Companies reveals stalled $1.1bn bid for Dominion Diamond

20th March 2017 The Washington Companies said on Sunday it had previously made a proposal to acquire all of the outstanding common stock of mining company Dominion Diamond Corp. for $13.50 a share. The all-cash $1.1-billion offer was sent to the Dominion board of directors on February 21, according to the... 

Arconic drops request for $259m US energy fund loan

17th March 2017 Arconic said on Friday it had dropped its request for a $259-million loan from the US Energy Department, a day after the Trump administration proposed killing the programme aimed at boosting manufacturing of advanced technology vehicles. In 2015 the Obama administration announced a "conditional... 

TSX ends down as financials, commodity stocks retreat

17th March 2017 Canada's benchmark stock index fell on Friday as financial stocks lost ground along with bond yields and as natural resource companies pulled back despite an uptick in commodity prices. The heavyweight financials group lost 0.6%, with insurance company Manulife Financial down 1.5% at C$24.13 and... 

New offer suggests breakthrough in Chile's Escondida strike

17th March 2017 Chile's Escondida has agreed to meet with its union and made changes to its contract offer, it said on Friday, a move that could herald the first real sign of a breakthrough in a strike at the world's biggest copper mine. The strike at the BHP Billiton-owned mine has lasted 37 days and has... 

Nigerian court overturns seizure of oilfield from Shell and Eni

17th March 2017 A Nigerian court on Friday overturned a request by Nigeria's financial crimes agency to seize an oilfield from Royal Dutch Shell and Eni. In January, a court had ordered the seizure of the OPL 245 oil block and transfer of operations to the federal government on the request of the Economic and... 

Sierra Leone pastor discovers 706 ct diamond

17th March 2017 A Christian pastor has found one of the world's largest uncut diamonds – weighing 706 ct – in Sierra Leone's eastern Kono region. The stone, a photograph of which was posted on the president's official website, is being stored in the country's central bank, government sources said. 

China's Sinopec nears deal to buy Chevron's South African oil assets – sources

17th March 2017 China Petroleum and Chemical Corp (Sinopec) is nearing an agreement to buy a majority stake in Chevron Corp's South African assets, which are estimated at $1-billion, two people familiar with the transaction said. The sources said that Sinopec, Asia's largest oil refiner, was the last bidder... 

Brazil court suspends lawsuit over Samarco mine disaster – Vale

17th March 2017 Brazilian iron ore miner Vale SA said on Thursday that a federal court in Minas Gerais has suspended a case brought by prosecutors seeking 155-billion reais ($49.7-billion) in damages for the 2015 Samarco mine disaster. Vale said in a securities filing the court suspended other lawsuits to... 

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