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Reuters

Court to hear MTN's case against Nigeria's central bank in $8.1bn transfer row

22nd October 2018 A hearing in the court case between MTN and Nigeria's central bank in a dispute over the alleged transfer of $8.1-billion of funds by the telecoms firm, has been set for Oct. 30, a lawyer for MTN said on Friday. MTN has denied claims that it depleted Nigeria's forex reserves, the South African... 

Transnet removes Gama as CEO

22nd October 2018 The board of directors of South African state-owned logistics firm Transnet said it had removed Chief Executive Siyabonga Gama, who has been accused of misconduct in a multimillion-dollar deal. Transnet, which operates nearly three-quarters of the African rail network, the bulk of which is in... 

US EPA withdraws proposed Obama-era rule change for uranium mining

21st October 2018 The US Environmental Protection Agency said on Friday it has withdrawn a regulation proposed in the last days of the Obama administration that aimed to tighten health and safety compliance rules for uranium miners. On January 19, 2017 - a day before Donald Trump took office as president - the... 

Waterton to call special meeting of Hudbay Minerals shareholders

19th October 2018 Private equity firm Waterton Global Resource Management said on Friday it would call a special meeting of Hudbay Minerals' shareholders after the Canadian miner refused its proposal for changes to its board. Waterton, which said it owns a 7% stake in Hudbay, had also asked the miner to avoid any... 

Bosnian government to help keep Aluminij smelter on power grid

19th October 2018 A Bosnian regional government will help to keep aluminium smelter Aluminij Mostar running, a Minister said on Friday, after heavy debt brought it to the brink of closure. Management at Bosnia's sole aluminium smelter had called for the Bosniak-Croat Federation to intervene after the business was... 

Carrots could be key to making greener buildings, say researchers

19th October 2018 Crunchy and tasty, yes, but could carrots also strengthen cement and cut carbon dioxide emissions for the building industry? A group of researchers at Britain's Lancaster University has been using a household food blender to mix particles from the root vegetable with concrete to see if they can... 

Clash over Trump tariffs heats up with barrage of WTO litigation

19th October 2018 Disputes over US tariffs and retaliatory moves by other states have sparked 12 requests for adjudication at the World Trade Organization, signalling an escalation in global trade tensions. The agenda for an Oct. 29 meeting of the WTO's dispute settlement body on Friday confirmed the legal moves,... 

China's Shandong Zhaojin seeks South American mining assets

19th October 2018 Shandong Zhaojin Group, one of China's biggest gold miners, is scouring assets in South America as it looks to invest in its first overseas mining project, its general manager said on Friday. The company has set up a representative office in Machala, capital of Ecuador's El Oro province,... 

Flow of LME nickel to hidden storage dents bull story

19th October 2018 The bulk of nickel moving out of London Metal Exchange-approved warehouses in Asia is showing up in hidden facilities in Europe, analysts said, denting a bullish scenario of potential shortages. LME nickel stocks have shrunk by about 40% this year, largely from warehouses in Malaysia, Taiwan... 

Dairy firm Clover says in takeover talks, shares jump

19th October 2018 Clover Industries said on Friday it has entered into talks with an unnamed party that intends to acquire the entire issued share capital of the dairy company, sending its shares up nearly 12%. Clover, which processes products including yoghurt, beverages, cheese and olive oil, did not provide... 

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