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Pollution regulator issues notices to Coal India for environmental non-compliance

7th September 2018 The pollution regulator for the central Indian state of Odisha issued notices to Coal India mines with a combined annual capacity of 20-million tonnes for non-compliance on environmental norms, according to a document seen by Reuters. The notices, issued in July and August to 2 mines, alleged... 

Danakali banks on new investor mood to fund Eritrean mine

7th September 2018 Fertiliser miner Danakali aims to raise $322-million this year to develop giant potash reserves in Eritrea, industry sources say, banking on Asmara's warmer ties with Ethiopia to help lure investors. The project will test the changing mood in the West towards the isolated nation, sandwiched... 

Peru Minister proposes making tax benefit for miners permanent

7th September 2018 Peruvian Energy and Mines Minister Francisco Ismodes on Thursday proposed making a temporary tax benefit for mining companies part of the country's permanent tax code in order to reduce investment uncertainty in the world's No. 2 copper producer. Miners in Peru have enjoyed refunds on an 18%... 

Poland's JSW seeks tighter grip on coking coal with possible Prairie bid -sources

6th September 2018 Poland's JSW is considering a bid for control of Prairie Mining to tighten its grip as the EU's biggest coking coal miner, two sources familiar with the situation said. Coking coal is on the European Commission's list of critical raw materials of economic importance with the price of Chinese... 

Moody's places MTN on review for downgrade

6th September 2018 MTN Group has been put on review by Moody's for downgrade after the South African mobile phone operator said it was on the hook for a total of $10.1-billion from its biggest market Nigeria, the ratings agency said on Thursday. "MTN's ratings have been placed on review for downgrade to reflect... 

SA launches new probe into Water Ministry contract with Germany's SAP

6th September 2018 South African President Cyril Ramaphosa authorised a new investigation into a water ministry contract with German software firm SAP on Thursday, citing allegations that public money was spent unlawfully. The investigation by South Africa's Special Investigating Unit (SIU) comes after the... 

China says African countries don't think cooperation adds to debt

6th September 2018 African leaders attending this week's summit with China don't think that cooperation between the continent and Beijing has added to their debt burden, the Chinese government's top diplomat said on Thursday. Chinese President Xi Jinping pledged $60-billion to African nations at Monday's opening of... 

Moody's says South Africa recession shock credit negative

6th September 2018 Ratings agency Moody's said on Thursday that the South African economy's slide into recession in the second quarter would exacerbate the fiscal and monetary challenges the country faces, calling weaker-than-expected economic data "credit negative". Data showed on Tuesday that the South African... 

Rusal's August aluminium exports up 7% from July - Ifax

6th September 2018 Russian aluminium producer Rusal, under US sanctions since April, increased its aluminium exports by 7% in August compared to the previous month, Interfax news agency said. Rusal, the world's second-largest aluminium producer, saw its exports and supply chain crippled after Washington put the... 

China's Western Mining to launch Qinghai copper smelter next month chairman

6th September 2018 China's Western Mining Co Ltd will start commercial production at its 100 000 t/y copper smelter in northwestern Qinghai province in October and spend 8-billion yuan ($1.17-billion) to expand its mine in Tibet, executives said on Thursday. The smelter project, which involved investment of... 

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