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Apr 18, 2014
Gold production in Peru, the world's sixth biggest exporter of the precious metal, will likely either plateau or dip slightly this year compared with 2013, mining companies, analysts and the government said. Gold output will fall by at least 4% in 2014 to between...
Apr 17, 2014
France's Total said on Thursday it had discovered oil in a deep offshore area in the west of Ivory Coast, the company's second oil find in a year in the West African country. "This well is the first discovery in the San Pedro Basin, a frontier exploration area in...
Apr 17, 2014
Africa's demand for bandwidth is doubling every year, outpacing the laying of terrestrial telecom fibre links and encouraging commercial satellite operators to launch more units into orbit. The arrival of submarine cables on Africa's eastern shore just five years ago...
Apr 17, 2014
The leaders of South Africa's striking mining union and the chief executives of the world's three biggest platinum producers were set to meet on Thursday, in a renewed drive to end a crippling strike entering its thirteenth week. "They will be meeting directly with...
Apr 17, 2014
Padbury Mining on Thursday failed to reveal the investors behind a more than $6-billion port and rail project in Western Australia's iron ore belt, asking for its shares to remain suspended until it can provide details on the huge deal. The small Australian...
Apr 16, 2014
Vale is not concerned about an economic slowdown in China, the mining company's top iron-ore market, because Chinese steel output is setting records, CEO Murilo Ferreia told Reuters on Wednesday. China's economic indicators remain strong, Ferreira said after data on...
Apr 16, 2014
Tanzania, Rwanda and Burundi are looking for an adviser to help them secure financing for a $4.13-billion railway project aimed at boosting cross-border trade in the region. The railway will link Tanzania's port city of Dar es Salaam with the capital cities of...
Apr 16, 2014
China's bid to slash its dependence on foreign iron-ore miners by creating its own mega producers risks running aground before it starts due to high costs and poor quality of ore. Instead, overseas suppliers may end up shipping more to their top market. For two...
Apr 16, 2014
South Africa's Reserve Bank said on Wednesday it had had fined the country's top four banks a total R125-million rand ($11.8-million) over lax anti-money laundering controls. The central bank said in a statement it had fined the South African unit of Barclays Africa...
Apr 16, 2014
South African stocks were led lower by top tier mining stocks on Tuesday as global gold prices slumped by more than two percent on US dollar strength. AngloGold Ashanti was the biggest loser in the blue chips index, tumbling 3.78% at R184.25, its biggest percentage...
 
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