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Reuters

Angola LNG Soyo plant to shut for planned maintenance in July

15th May 2018 Angola's Soyo plant, which has a capacity of 5.2-million tons of liquefied natural gas (LNG) per year, will have a planned shutdown for maintenance in July, a company spokeswoman told Reuters on Tuesday. Production at the plant is expected to resume in early August, she said in an email. 

Russian billionaires take boardroom battle to London High Court

15th May 2018 Russia tycoon Oleg Deripaska gave evidence in the London High Court on Monday in a case challenging the sale of shares in Norilsk Nickel (Nornickel) by soccer club owner Roman Abramovich. Deripaska, making his first public appearance since being made a target of US sanctions, wants to stop... 

Equatorial Guinea may strip Ophir of LNG project due to finance delays

14th May 2018 Equatorial Guinea will force Ophir Energy out of the company's flagship liquefied natural gas (LNG) project and may scrap it entirely unless long-delayed financing deals worth $1.2-billion are presented to the government by December. The ultimatum is a blow to UK-listed Ophir, which has set aside... 

WHO gets approval to use Ebola vaccine in DRC

14th May 2018 The World Health Organization has been given the go-ahead by officials in the Democratic Republic of Congo to import and use an experimental Ebola vaccine in the country, WHO Director-General Tedros Adhanom Ghebreyesus said on Monday. "We have agreement, registration, plus import permit,... 

Thor Explorations aims to lead Nigeria's new mining pack

14th May 2018 Canada-listed junior miner Thor Explorations aims to bring Nigeria's first large-scale gold mine online in early 2020, its CEO said, as the West African country seeks to diversify its economy away from oil and gas. Following the commodity price crash of 2015/16, the World Bank in April 2017 said... 

South Africa's Astral Foods H1 profit jumps more than five fold

14th May 2018 South Africa's Astral Foods said on Monday its profit surged more than five fold for the first half ended March, helped by higher sales and prices in its poultry business. Revenue at the company's poultry division increased by 23% to R5.5-billion ($448.5-million), as an improvement in poultry... 

Miner Lonmin narrows first-half loss, cuts annual spending target

14th May 2018 Lonmin said on Monday it narrowed its first-half operating loss and lowered its spending target for the year as the platinum miner prepared for a merger with Sibanye-Stillwater, The London-listed miner, which is being bought by Sibanye-Stillwater, reported a first-half operating loss of $32... 

Russian billionaires' Nornickel tussle to go to trial on Monday

14th May 2018 A London High Court trial over the legality of Russian billionaire Roman Abramovich's sale of a stake in Norilsk Nickel will start on Monday, part of a long-running battle for control of the miner. Rusal, which is controlled by Oleg Deripaska, is trying to stop Chelsea soccer club owner... 

Two of three missing Polish miners found dead - JSW

14th May 2018 Rescuers searching for three Polish miners trapped almost a kilometre underground since a tunnel collapsed eight days ago have found two bodies, taking the death toll from the incident to four, coal company JSW said on Sunday. One man is still missing at the Zofiowka mine in southern Poland,... 

Louis Dreyfus completes $466m sale of metals unit to Chinese fund

11th May 2018 Louis Dreyfus Company said on Friday it had completed the sale of its metals business to a Chinese investment fund for $466-million, as part of a push to revive profits by focusing on its core agricultural markets. Louis Dreyfus announced in December an agreement to sell LDC Metals to NCCL... 

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