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Reuters

Aspen terminates talks with potential European partner

5th July 2019 South African drugmaker Aspen Pharmacare said on Friday it had terminated talks with a potential partner in Europe, after announcing in March a strategic review of its European and domestic commercial pharmaceuticals businesses. "Shareholders are advised that Aspen is now in a position to explore... 

Comair sees annual earnings boost from SAA payment

5th July 2019 Airline Comair expects its full year headline earnings per share (HEPS) to rise by more than 20%, boosted by a $78-million payment from embattled state-owned airline South African Airways, it said on Thursday. HEPS, the main profit measure in South Africa, came in at 69.5 cents in the previous... 

Africa to decide on free-trade zone: what’s at stake?

5th July 2019 African leaders will decide on Sunday which nation will host the headquarters for a continental free-trade zone that aims to eventually unite the continent's 1.27 billion people and its $3.4-trillion nominal gross domestic product. Leaders at the African Union summit in Niger will also set a date... 

Acacia reports 13% rise in gold reserves for Tanzania mine

5th July 2019 Acacia Mining on Friday reported a 13% rise in gold reserves at the end of May for its Gokona mine in North Mara, Tanzania, adding weight to its view that majority shareholder Barrick Gold's buyout proposal undervalued the miner. Acacia Mining last month strongly disagreed with the world's No. 2... 

ArcelorMittal removes 30 families from area close to dam in Brazil

4th July 2019 The Brazilian unit of steel group ArcelorMittal moved 30 families from their houses near its Serra Azul mine in the town of Itatiaiuçu, Minas Gerais state, as a precautionary action after it ran a new risk evaluation of a dam close to the mine. The company said on Thursday that there was no... 

Rio Tinto's Icelandic aluminium plant attracts Glencore, Trimet – sources

4th July 2019 At least three companies including Glencore and Trimet Aluminium have expressed an interest in buying Rio Tinto's aluminium assets in Iceland, Sweden and the Netherlands for up to $350-million, banking sources said. Rio Tinto restarted the sale process for the assets in late 2018, with the help... 

Glencore confirms Congo security presence at mine

4th July 2019 Glencore on Thursday confirmed Democratic Republic of Congo armed forces were in the area around a copper and cobalt mine run by the company, a week after a landslide there killed 43 miners. Congolese security forces began evicting illegal miners from the mine on Thursday, local activists said. 

Zambia plans law compelling miners to procure locally – Minister

4th July 2019 Zambia is planning a law to compel mining companies to give local suppliers a fair share of procurement, its mines minister said on Thursday, in the latest sign of the government taking an interventionist approach in its mining sector. Zambia is Africa's second-largest copper producer, with... 

India's top court sides with indigenous people over illegal mining fallout

4th July 2019 Indigenous people in an Indian state must be protected from illegal mining and the pollution it causes, the country's top court ruled, providing a "historic" victory to tribal groups fighting for better rights over land and natural resources. Indigenous people, who own much of the land in... 

Brazil mining trade group slams Senate royalty proposals

4th July 2019 An association of Brazilian mining companies on Wednesday criticized some proposals made a day earlier by a Senate committee that spent months investigating the collapse of one of Vale's tailings dams. In a 400-page report, the Senate panel looking into the January disaster proposed a ban on new... 

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