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Nemaska Lithium eyes fresh steps to raise capital for Quebec project

By: Reuters     13th June 2019 Nemaska Lithium may issue new shares, take on new debt or sell assets as it hunts for fresh capital to build a lithium project in Quebec that faces cost overruns of more than $300-million, head of investor relations Wanda Cutler said on Wednesday. "Everything from M&A to more debt to equity is... 

Gold giants battling to lure back investors who fled industry

By: Bloomberg     10th June 2019 What’s better than GOLD? In the wake of two mega-mergers that have reset the gold industry, one small detail has delighted Mark Bristow, Barrick Gold's CEO: His company’s ability to secure the rights to trade its stock under the ticker GOLD in New York. 

DBSA sees Ghana as key to building Africa’s prosperity

By: Tasneem Bulbulia     7th June 2019 The Development Bank of Southern Africa has identified Ghana as a key investment node, owing to its economic growth potential and its strategic location for trade within Africa, as well as with Europe and North America. Ghana is the second fastest growing economy on the continent, driven largely... 

Fast delivery of boilers averts shutdown

7th June 2019 Boiler manufacturer and distributor Nationwide Boiler Incorporated based in California, in the US announced the fast-track emergency delivery of two large package watertube boilers. The supply to a pulp and paper facility in the Pacific Northwest took seven days in which time the boilers – which... 

Global uncertainty supports flows into gold-backed ETFs

By: Marleny Arnoldi     6th June 2019 Holdings in global gold-backed exchange-traded funds (ETFs) fell marginally, by 2.2 t, in May to 2 421 t, which is equivalent to $141-million in outflows, as consistent European fund growth was offset by outlows in North America and Asia. The World Gold Council (WGC) on Thursday reported its... 

Lithium mining superpowers seek riches as battery makers

By: Bloomberg     4th June 2019 The race by Tesla, Samsung SDI and other technology giants to secure supplies of lithium — a key ingredient in batteries for electric vehicles and smartphones — is creating a unique chance for two global mining superpowers to reap more value from their natural resources. Australia and Chile are... 

Second Lake Charles facility reaches beneficial operation

By: Nadine James     3rd June 2019 Petrochemicals company Sasol on Monday said the new ethylene oxide/ ethylene glycol (EO/EG) production facility at its Lake Charles Chemicals Project (LCCP), in Louisiana, in the US, had reached beneficial operation. The EO/EG unit is the second of seven LCCP production facilities to come on stream. 

Cape Town targets new air routes to lift South African tourism

By: Reuters     31st May 2019 Cape Town plans to add routes to Australia and South America after last month reaching a deal with United Airlines for its first direct flight to the US, the head of air access for South Africa's top tourist city said. South Africa is promoting tourism as a catalyst to help kick-start its... 

Coca-Cola reformulates drinks following tax

By: African News Agency      23rd May 2019 Coca-Cola South Africa has cut the sugar in its drinks by a quarter (26%) since government introduced a tax on sugary drinks, according to Camilla Osborne, Head of Communications for Coca-Cola Southern and East Africa. On 1 April 2018, Treasury imposed a Health Promotion Levy of 2.1 cents per... 

Glencore and First Cobalt team up to restart refinery

By: Esmarie Iannucci     22nd May 2019 Diversified miner Glencore has thrown its support behind the restart of dual-listed First Cobalt’s refinery in Ontario. The two companies have signed a memorandum of understanding (MoU) to supply cobalt feedstock and financing to recommission the First Cobalt refinery, with First Cobalt and... 

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