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Congolese army fires in the air during protest near Glencore plant

8th July 2019 Congolese soldiers fired in the air on Monday as illegal miners protested outside a metallurgical plant on a copper and cobalt concession run by Glencore, a witness said. The protest near the Luilu plant follows the eviction last week of thousands of illegal miners from Glencore's Kamoto Copper... 

Airtel Africa to list in Nigeria on Tuesday – bourse

8th July 2019 Airtel Africa shares will be listed on the Nigerian Stock Exchange on Tuesday, the bourse said, after it postponed the $4.4-billion listing last week. The secondary listing had been planned for July 5. However, the stock exchange postponed it to ensure the telecoms company met its requirements. 

Zimbabwe power utility says needs $14m a month for imports

8th July 2019 Zimbabwe's State-owned power utility, ZESA Holdings, which is implementing severe power cuts, needs $14 million for monthly electricity imports from the regional power market, its acting Chief Executive Patrick Chivaura said on Monday. "If we clear our debts to (South African power firm) Eskom... 

Chile mining sector continues to lag on growth

5th July 2019 Chile's economic activity rose 2.3% in May from the same month a year ago, the central bank said on Friday, as the top copper producer´s crucial mining sector continued to lag. The IMACEC economic activity index encompasses about 90% of the economy tallied in gross domestic product figures. 

UN deep sea mining body rejects Greenpeace criticism

5th July 2019 The International Seabed Authority (ISA) has rejected criticism from Greenpeace over its handling of ocean mining, fuelling a spat that threatens to overshadow talks this month by the UN body towards rules for deep sea mining. Mining international waters is in the spotlight as companies and... 

Emerging market currencies likely have seen the best of 2019

5th July 2019 Most emerging market currencies have probably seen the best of a lukewarm year against the dollar as US President Donald Trump is expected to back-pedal on his conciliatory tone from the recent G20 summit, a Reuters poll showed on Friday. Emerging market currencies have had a relatively resilient... 

Ethiopian crash families criticise Boeing over donation plan

5th July 2019 The families of victims of an Ethiopian air disaster on Thursday criticised Boeing's plan to donate $100-million to unspecified charities and communities affected by two crashes, saying it was too vague and that families should have been consulted first. Some of the families said Wednesday's... 

India raises import duties on gold, other precious metals

5th July 2019 India has raised the import duties on gold and other precious metals to 12.5% from 10%, Finance Minister Nirmala Sitharaman said in her first federal budget speech on Friday, which may boost smuggling in the world's second-biggest bullion consumer. Shares of jewellery makers such as Titan and PC... 

Denel asks for R2.8bn State cash injection – CEO

5th July 2019 State arms company Denel has asked the government for a R2.8-billion cash injection to help it emerge from a financial crisis and secure lucrative export deals, its chief executive said. Denel, a cornerstone of the country's once-mighty defence industry, is one of several state firms whose... 

Italy widens probe into alleged obstruction in Nigeria graft case

5th July 2019 Italian prosecutors are widening an investigation into suspected obstruction of justice by officials of oil group Eni, sources said, threatening to open a new legal front for the company as it defends itself in a major corruption trial. The inquiry is preliminary and has been overshadowed by the... 

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