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Apr 17, 2015
BHP Billiton has shut an oven at its Cerro Matoso ferronickel plant in Colombia after equipment damage, cutting output by as much as three quarters, the president of the union representing the plant's workers told Reuters on Friday. Damage to a crane stopped...
Apr 17, 2015
Barrick Gold faces a fresh backlash over executive pay at its shareholder meeting this month, with some big institutions planning to vote against its compensation plan and withhold votes for directors to express their unhappiness. Two major Canadian pension funds,...
Apr 17, 2015
Buying the catering unit of cash-strapped state airline South African Airways (SAA) could work for Bidvest Group, its chief executive said on Friday. SAA is considering selling some of its units including its inflight and airport lounge catering business, Air Chefs,...
Apr 17, 2015
Oil prices repaired early losses to rally above $64 on Friday due to the conflict in Yemen. Brent crude was within sight of its 2015 high reached on Thursday and has rallied 16 percent in April, supported by Yemen and the prospect that lower prices are starting to...
Apr 17, 2015
Zimbabwe plans to build new power stations to generate 3 500 MW at a cost of $5-billion, the national power company said, in a bid to end chronic power cuts that have damaged the economy. Local industries are forced to use costly diesel generators to keep operations...
Apr 17, 2015
Indonesia's tin association said on Friday its members and PT Timah, the country's biggest tin exporter, will not trade the metal at prices below $17 000 a tonne, seeking to stem a sharp sell-off. Tin prices on the London Metal Exchange have fallen more than 13%...
Apr 17, 2015
Cameroon state airline Camair-Co will use $50-million from African lender Ecobank to relaunch its operations, a senior executive said, as national carriers in West Africa seek cash and strategic partners to stay afloat. Camair-Co general manager Jean Paul Nana Sandjo...
Apr 17, 2015
South African power utility Eskom restarted rolling blackouts on Friday, the sixth straight day of power cuts to hit Africa's most advanced economy. South Africa is in the middle of its worst electricity crisis since 2008 and its citizens are subjected to frequent...
Apr 17, 2015
More than three million of the world's poorest people have been forced from their homes, land and jobs over the past decade by World Bank-funded projects, an investigation showed on Thursday as the global lender vowed to review its policies. The World Bank, which...
Apr 16, 2015
Anglo American is weighing its options to resolve a water shortage at Los Bronces copper mine, in central Chile, that has hit production, and testing market appetite for two of its copper deposits, a top executive said. An eight-year drought has dried up reservoirs...
 
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