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Oct 25, 2014
A key shareholder in Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais SA said on Friday that industry veteran Tulio Chipoletti was named as senior industrial VP on a temporary basis. Ternium SA, one of the two controlling shareholders in the company known as...
Oct 25, 2014
Antamina, Peru's top copper mine, said on Friday it expects a period of weaker production to subside in "the medium term." The mine, in which BHP Billiton and Glencore Xstrata each have 33.75% stakes, produced 246 851 t of copper in the first eight months of 2014,...
Oct 24, 2014
Tanzania and China have signed investment deals to build a $1 billion satellite city and $500 million financial centre in the commercial capital Dar es Salaam, the latest sign of Beijing's deepening ties with East Africa. The total of five deals, worth more than $1.7...
Oct 24, 2014
South African police used rubber bullets on Friday to disperse strikers from the Association of Mineworkers and Construction Union (AMCU) who were blocking the entrance to a mine operated by London-listed DiamondCorp, a police spokesperson said. Police spokesperson...
Oct 24, 2014
Mamsi Ngobeni sat alongside the main road of the South African platinum belt town of Marikana, hunched over a table with a pile of onions, apples, loose cigarettes and tomatoes. By just after noon she had sold about R20 ($1.8245) worth of goods, well down from what...
Oct 23, 2014
A huge gold nugget dug up in Northern California earlier this year that is believed to be the largest privately held piece of its kind from the state was offered for $400 000 on Thursday, said the president of the company behind the sale. The chunk of gold, which is...
Oct 23, 2014
Chile's Congress approved late Wednesday the government's capitalisation plan for Codelco, which will see the state copper firm receive $4-billion over the next five years to help fund an ambitious investment programme. The Chilean government announced in August...
Oct 23, 2014
South Africa's biggest union faced expulsion on Thursday from a labour federation linked to the ruling African National Congress, the first major crack in an alliance that has held sway since apartheid ended in 1994. Delegates from the powerful Congress of South...
Oct 23, 2014
South Africa's Imperial Holdings will buy 70% of Imres BV, a Dutch wholesaler of medical supplies, for €46-million ($58-million) in cash to expand its pharmaceutical distribution in Africa, the transport company said on Thursday. Imperial is looking to expand its...
Oct 23, 2014
South Africa's Richards Bay Coal Terminal (RBCT), the largest in the world, has stopped publishing monthly operational updates detailing shipments of coal because it is "competitive information", its chief executive said on Thursday. "This information is commercial,...
 
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