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Vale says it could expand Brazil iron-ore mine as Chinese demand grows

20th September 2018 Mining giant Vale is looking at expanding its flagship iron ore project in Brazil amid growing Chinese appetite for higher-grade varieties of the commodity, a company official said on Thursday. China, the world's top consumer of the steelmaking ingredient, has ramped up buying of higher-quality,... 

With copper options, China steps up challenge to London, New York rivals

20th September 2018 The Shanghai Futures Exchange (ShFE) will launch copper options trading on Friday, aiming to take a slice of a $270 billion global market in one of its biggest challenges yet to London and New York rivals. The product, which follows the launch of sugar and soymeal options last year, comes as... 

JSE looks to tighten listing rules

19th September 2018 The Johannesburg Stock Exchange (JSE) wants to increase the minimum capital amount required for a primary listing and is considering stricter rules on secondary listings as it seeks to improve corporate governance. Africa's biggest securities exchange published its proposals in a public... 

Central Asia Metals hunts for acquisitions

19th September 2018 Base metals producer Central Asia Metals (CAML) on Wednesday reported a more than doubling in first-half revenue and profits following the acquisition of a mine in Macedonia and said it was actively looking for new opportunities to expand. Aim-listed CAML bought the Sasa zinc and lead mine in... 

Poland's JSW seeks Ministry approval to buy Prairie Mining assets - CEO

19th September 2018 Poland's State-run JSW is awaiting approval from the Energy Ministry in its bid to acquire the Polish mining assets of Australia's Prairie Mining, JSW said on Wednesday. Prairie Mining has been developing coking coal projects at the Jan Karski mine in southeast Poland and the Debiensko mine in... 

Japan's Marubeni to halve coal-fired power capacity by 2030

18th September 2018 Japan’s Marubeni Corp said it would no longer start new coal-fired power plant projects and will halve its net coal power generating capacity of about 3 GW by 2030 to cut greenhouse-gas emissions and tackle global climate change. “As a general principle, Marubeni will no longer enter into any new... 

Sibanye, Lonmin still committed to merger after competition watchdog decision

18th September 2018 Precious metals producer Sibanye-Stillwater said on Tuesday it remained fully committed to a takeover of platinum miner Lonmin after South Africa's competition watchdog imposed conditions on the deal. On Monday, the competition watchdog gave the green light to the all-share transaction as it did... 

Botswana trims growth prospects, sees wider budget deficits

18th September 2018 Botswana's economy is expected to expand by 4.5% this year, down from an estimate in February of 5.3%, the finance ministry said on Tuesday at a 2019 budget conference. A senior official in the diamond-producing southern African nation’s economy said the government expects an optimistic medium... 

Uganda to renew MTN Group's telecoms operating licence

18th September 2018 Uganda will renew the operating licence of the local unit of South African telecom company MTN Group, the state-run Uganda Media Centre said on Tuesday. The renewal comes with "with new stringent terms," the agency tweeted, without providing details. 

Italy judge set to give first ruling in Nigeria oil graft case

18th September 2018 Oil majors Shell and Eni will be carefully monitoring a first ruling this week by a Milan judge in one of the energy industry's biggest corruption scandals for clues to what might be round the corner for them. The two companies are embroiled in a long-running graft case revolving around the... 

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