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Reuters

Ethiopian crash black boxes sent to Paris as 737 MAX jets grounded globally

14th March 2019 Two black boxes from the Boeing 737 MAX airplane that crashed in Ethiopia were being taken to Paris for investigation, Ethiopian Airlines said, as regulators around the world awaited word on whether it was safe to resume flying the jets. Following the lead of other global aviation regulators... 

BHP to drill more wells in Trinidad after gas finds

14th March 2019 BHP Group has stepped up exploration drilling in deep water off Trinidad and Tobago hunting for gas which could supply the country's Atlantic LNG (liquefied natural gas) plant in the 2020s, a senior executive said. The company expects to complete drilling of three wells in block 14, located in... 

Exxaro Resources FY earnings jump on higher coal prices

14th March 2019 South African coal mining company Exxaro Resources, which is led by CEO Mxolisi Mgojo, said on Thursday its full-year earnings climbed 7%, boosted by higher coal prices and the absence of one-off transactions seen a year earlier. Core headline earnings per share (HEPS) rose to 2 159c or... 

Southern Copper eyes lithium project in Mexico - CEO

14th March 2019 Southern Copper Corp, one of the world's biggest copper producers, is considering an investment in a lithium project in Mexico that has also attracted interest from a Chinese firm, the company's CEO told Reuters on Wednesday. Oscar Gonzalez said company officials visited the lithium project in... 

China becomes world's biggest importer of rare earths - analysts

13th March 2019 China, the world's top producer of rare earth elements, last year also emerged as the biggest importer of the group of minerals used in everything from ceramics to consumer electronics, analysts said on Wednesday. China has for years been the world's biggest rare earths exporter, raising... 

Ethiopia to send Boeing black boxes abroad, Norway airline wants compensation

13th March 2019 Ethiopian Airlines said on Wednesday it would send the black boxes from its crashed Boeing 737 MAX abroad, while a Norwegian airline sought compensation from the US planemaker after two thirds of that model were grounded globally. Sunday's still unexplained crash of the passenger jet, just after... 

MTN to list Nigeria unit towards April and May – MTN Nigeria CEO

13th March 2019 MTN Group expects its Nigeria unit to list on the local stock exchange "probably more towards April and May," the unit's chief executive said on Wednesday. The listing should be no later than halfway through the year, said Ferdi Moolman, chief executive officer of MTN Nigeria, speaking to... 

Six foreign-controlled miners to start divestments in 'near future' - Indonesia

13th March 2019 Six foreign-controlled miners operating in Indonesia, including PT Vale Indonesia and a unit of Australia's Newcrest Mining, intend to divest some of their shares "in the near future" to meet regulations, an Indonesian official said. According to Indonesian mining rules, foreign-controlled... 

Malaysia to keep bauxite mining on hold amid environmental impact studies

13th March 2019 Malaysia said that bauxite miners must each conduct a study on the environmental impact of their sites in the country before receiving licences to restart operations, with a moratorium on mining the aluminium raw material due to end on March 31. No date has been set for when the environmental... 

'No tomorrow' for many unless consumption falls – UN

13th March 2019 Global exploitation of natural resources – from water, sand and timber to oil, coal and gemstones – has more than tripled in 50 years, the United Nations (UN) said on Tuesday, warning of devastating environmental impacts unless demand is reduced. Surging consumption of natural resources –... 

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