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Reuters

Bharti board to meet to discuss Zain deal – source

19th March 2010 Bharti Airtel's board is meeting on Saturday to discuss the progress of talks to buy Kuwaiti telecom Zain's African assets in a deal worth $9-billion, a source with direct knowledge of the development said. The source also said Bharti might put part of the purchase price in an escrow account to... 

Australia urges access to China trial of Rio staff

18th March 2010 Australia urged China on Thursday to allow its diplomats full access to the trial of four Rio Tinto staff charged with commercial spying in a case that could hurt political and economic ties. "The world will be watching how this particular court case is conducted," Prime Minister Kevin Rudd told... 

BP Botswana asset sale won't affect diamond mines

17th March 2010 Oil company BP, the biggest supplier in Botswana, said on Wednesday the group's planned exit from the country would be smooth, allaying fears of supply disruptions to the world's biggest diamond mines. BP said this month it would sell its assets in five southern African countries including... 

JSE to launch trading board for black shareholders

16th March 2010 South African bourse operator JSE Ltd plans to launch a separate board for black economic empowerment schemes to make trading between black investors more transparent, a spokeswoman said on Tuesday. South African companies have to meet affirmative action targets on a range of ownerships,... 

Glencore Energy wins $1bn Zambia oil supply deal

16th March 2010 London-based Glencore Energy has been awarded a $1-billion contract to supply 1,4-million tons of petroleum feedstock to Zambia over a two-year period, the public procurement authority said on Tuesday. Zambia is the continent's top producer of copper and uses diesel in mining, the backbone of... 

Gabriel Resources Q4 loss wider than estimates

12th March 2010 Gabriel Resources reported a quarterly loss that was wider than analysts' estimates and said it requires about $1-billion to complete its high-potential Rosia Montana gold mining project in Romania. The company said it has developed a financing plan that includes senior debt financing in... 

Gold bounces from 2-week low; ETF holdings slip

11th March 2010 Gold regained some strength on Thursday after falling to its lowest in nearly two weeks the previous day, although poor technicals and failure to sustain recent gains may spur selling, traders said. Bullion has seen a series of corrections since striking a lifetime high above $1 200/oz last... 

Bellzone Mining to list on Aim, raise $100m

8th March 2010 Bellzone Mining, an iron-ore exploration and development company with assets in Guinea, said it is seeking to raise about $100-million and start trading on London's junior AIM market this spring. Bellzone wants to become a significant iron-ore producer and intends to produce 50-million tons of... 

Sappi says Chile earthquake to push paper prices up

5th March 2010 South African paper and pulp group Sappi, said on Friday the earthquake in Chile would put added pressure on the group and the European paper industry to raise prices. Aftershocks rattled south-central Chile on Friday, seven days after one of the strongest earthquakes on record ravaged the area,... 

Oil rises towards $81 as China signals continued stimulus

5th March 2010 Crude edged up on Friday, capping two consecutive weeks of trading above $80, after China signalled it would maintain its economic stimulus, rekindling hopes for accelerating growth to drain excess oil supplies. China's Premier Wen Jiabao, in his yearly address to the National People's Congress,... 

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