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Africa set to top 1bn mobile internet connections in five years – study

6th November 2017 Africa's mobile internet connections are set to double in the next five years, a study showed on Monday, thanks to affordable smartphones and the roll-out of high-speed networks. A report by research and consulting firm Ovum in London estimates that mobile broadband connections will rise from... 

Strike threat adds to headaches for Lonmin CE

6th November 2017 The threat of a strike in South Africa put renewed pressure on Lonmin on Monday as Chief Executive Ben Magara sought to reassure investors that the platinum miner's underlying business was robust. The South African firm, not for the first time, faces an uncertain future in the wake of a 30... 

Congo copper production up 9% in first nine months of year

6th November 2017 Copper production in Democratic Republic of Congo, Africa's top producer of the metal, was up by 9.3% this year through September, at 831 000 tonnes, the central bank said on Monday. The bank also said in a monthly report that cobalt production increased by 18% to 59 000 tonnes and gold... 

Lonmin to showcase social projects after share price meltdown

6th November 2017 Embattled London and Johannesburg-listed platinum producer Lonmin will unveil new health and road projects in South Africa on Monday in a ceremony that will be overshadowed by its latest share price collapse. Lonmin, not for the first time, is facing an uncertain future after its shares lost 30%... 

Thai government braces for legal action over gold mine closure

6th November 2017 Thailand defended on Friday its decision to close the country's only active gold mine last year, after its Australian operator said it would launch legal proceedings against the government. The military government closed down the Chatree mine, located 240 km (174 miles) north of Bangkok, under... 

China turns to WTO in aluminium foil dispute with United States

6th November 2017 China's Ministry of Commerce has asked the World Trade Organization (WTO) for consultations on a recent US move to impose antidumping duties on imports of Chinese aluminium foil. The ministry, which accused Washington of breaking world trade rules after the United States on Oct. 27 imposed duties... 

Diplomatic row in Central Asia hurting Russia and Europe

6th November 2017 An escalating diplomatic and trade dispute between Kazakhstan and its smaller central Asian neighbour Kyrgyzstan is hurting companies as far away as London, and pressure is growing on Russia to step in and reconcile its allies. Shares in UK-listed miner Kaz Minerals, which has Kazakh... 

Kobe Steel executives to decide whether to resign after external probe – sources

6th November 2017 Kobe Steel executives, including President Hiroya Kawasaki, will decide whether to resign to take responsibility for a cheating scandal after a report from independent investigators due by year-end, two sources told Reuters. The company also plans to release an internal report on the... 

Chad and Glencore to meet in Paris on Monday to discuss debt – govt sources

6th November 2017 Chadian government officials will meet Glencore executives in Paris on Monday to discuss restructuring the country's debt, two senior Chadian government sources with knowledge of the matter told Reuters on Sunday. Chad has been trying renegotiate its hefty external commercial debt to Glencore,... 

Argentina seeks new markets for aluminium as US probes imports

3rd November 2017 Argentina is seeking new markets for its aluminium exports as the US probes the national security implications of imports of the metal, an executive at Aluar Aluminio Argentino, the country's leading producer, told Reuters. Aluar commercial director Miroslavo Puches said the company was planning... 

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