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Anglo to restart El Soldado mine in Chile after permit approval

28th April 2017 Anglo American plans to restart production shortly at its El Soldado copper mine, in Chile, as regulators have approved a new permit plan for the deposit, the company said late Thursday. Anglo stopped operations at El Soldado on February 17 after regulators rejected an initial redesign of the... 

South Africa's trade balance records R11.4bn surplus in March

28th April 2017 South Africa's trade surplus grew sharply in March as commodity exports jumped on the back of strong global demand, raising the chances it will be able to narrow the current account deficit, which is seen as a key economic weakness. The treasury has an ambitious target to trim the current account... 

Zimbabwe says has met all conditions to clear arrears to World Bank, AfDB

28th April 2017 Zimbabwe has met all conditions to clear arrears to the World Bank and African Development Bank, paving the way for possible future funding from the International Monetary Fund, its finance minister said on Thursday. The southern African nation in October last year cleared its 15-year-old... 

Mexico's Bimbo enters Africa market with Morocco acquisition

28th April 2017 Mexican breadmaker Grupo Bimbo said on Thursday it has entered the African market with the purchase of Adghal, a Morocco-based producer of baked goods. Financial details were not provided. 

South Africa's petrol, diesel pump prices to rise in May

28th April 2017 The retail price of petrol and the wholesale price of diesel in South Africa will rise from May 3, the energy department said on Friday. The price of 95 octane petrol will climb 3.7% to R13.79 ($1.03) a litre in the commercial hub of Gauteng province, while diesel will rise 2.6% to R11.80 a... 

Crop-eating armyworm marches on, UN says Angola now hit

28th April 2017 The fall armyworm, which decimates fields as it marches ever forward - has spread to Angola as the caterpillar eats its way through Southern Africa, UN officials said on Thursday. With Angola the latest country affected, only Lesotho and island nations in the region have escaped the pest, which... 

AngloGold suspends Colombia project after anti-mining vote

28th April 2017 South Africa's AngloGold Ashanti has halted all exploration work at its La Colosa project, in central Tolima, Colombia, after voters backed a proposal to ban mining in the municipality, the company said on Thursday. The decision comes amid legal wrangling over environmental regulations and... 

Peruvian miner Buenaventura posts $70.7m Q1 profit

28th April 2017 Peruvian precious metals miner Buenaventura reported a $70.7-million profit in the first quarter of 2017, up 37% from its $51.6-million profit in the same period last year, the company said on Thursday. 

South Africa plans emergency steel tariff from July – WTO

27th April 2017 South Africa is proposing to put emergency "safeguard" tariffs on imports of certain flat hot-rolled steel products from July, it said in a filing published by the World Trade Organisation (WTO) on Thursday. The tariff would be in place for three years, and fall from 12% in the first year to 10%... 

Votorantim zinc smelter workers in Peru plan strike

27th April 2017 Workers at Brazilian group Votorantim's Cajamarquilla zinc smelter, in Peru, plan to start an indefinite strike on May 6, demanding a bigger share of profits and better working conditions, a union leader said on Thursday. The union of 350 workers plans its first strike in 16 years, saying the... 

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