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Jan 30, 2015
Updated 4 hours ago Canada's main stock index declined on Friday as negative sentiment following a sluggish US economic report helped offset gains in commodity prices and resource stocks. Government data showed that US economic growth slowed in the fourth quarter, following two...
Jan 30, 2015
Updated 5 hours ago Codelco does not expect Thursday's fire at its El Teniente mine to affect copper production, the chief executive of the Chilean state-run copper firm told Reuters on Friday. Codelco halted operations at the Colon Alto secondary crushing plant at El Teniente after a...
Jan 30, 2015
Updated 5 hours ago World No 1 copper miner Codelco will slash costs by $1-billion in 2015 and cut direct cash costs by $0.193/lb of copper at its operations, CEO Nelson Pizarro said Friday, as the price of the base metal slumped to multi-year lows. Still, none of the Chilean state-run...
Jan 30, 2015
Updated 6 hours ago Vedanta Resources, hit by weaker commodity prices, said it planned "hundreds of millions of dollars" in capital spending cuts and deferrals, while looking at a "deep restructuring" of its struggling Zambian copper business. Vedanta spent $1.42-billion on capital...
Jan 30, 2015
Updated 7 hours ago The retail price of 95-grade petrol in South Africa will drop by 93c/ℓ or 8.3% from next Wednesday, while wholesale diesel price will decrease by 9.9%, the government said on Friday. Petrol will now cost R10.31 (nearly $1) a litre while the new wholesale diesel price...
Jan 30, 2015
Kenya's government will inject 500-million shillings ($5.5-million) to bail out cash-strapped Mumias Sugar, Felix Koskei the agriculture minister said. The cash is meant to help turn around struggling Mumias, which accounts for close to a third of Kenya's annual...
Jan 30, 2015
Ghana's new oilfields are on schedule to start production next year as development has passed the half-way stage, lead operator Tullow Oil said on Thursday. The offshore Tweneboa, Enyenra and Ntomme (TEN) project, which will have a peak production capacity of 80 000...
Jan 30, 2015
US energy firm Chevron will shut down its 100 000 bl/d South African oil refinery in Cape Town from February 13 to March 31 for routine maintenance and safety inspections, the company said on Friday. "Chevron has made contingency plans to mitigate potential...
Jan 30, 2015
Days of rolling blackouts this week have blighted South African society and business, and they face an increasing number of outages in years to come. But the alternative, a grid collapse, could be catastrophic. Bordered by tiny, war-scarred or impoverished states...
Jan 30, 2015
Governments from Mongolia to Nigeria are creating new forms of insurance to protect the developing world's small farmers, who are suffering especially badly from extreme weather events made worse by global warming, a new study said. Obstacles like poor infrastructure...
 
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