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AfDB and AIMS to transform industry-led research in Africa
The African Development Bank and the African Institute of...
ATNS Executives attend 59th ACI Africa Regional Conference in Nigeria
Air Traffic and Navigation Services (ATNS) SOC Limited is...
Melville Douglas appoints Paolo Senatore as Global Strategist
Melville Douglas, a boutique investment management company has appointment...
Vodacom provides over 80% 4G coverage in South Africa
Vodacom has become the first African mobile network to...
Malawi Stock Exchange to launch new Automated Trading System
The Malawi Stock Exchange, in conjunction with the Reserve...
National Oil Corporation to list on Nairobi and London Stock Exchanges
Besides the meeting, trade and diplomacy, security and regional...
Pick n Pay Group’s Africa operations contribute ZAR4.6 billion
Pick n Pay today, 19 April 2018, published its...
Alpha Investment Group invests ZAR400 million in KidZania
Alpha Investment Group (Alpha), a 100% black-owned investment holding company, is...
How fintech transforms banking industry across Africa
The FinTech space in Africa is witnessing rapid growth...
How to promote economic growth in South Africa’s emerging tech industry
Despite decades of progress towards achieving equality in the...

Mining

Sibanye-Stillwater seals $2.65 billion bridge facility re-financing

Thursday, February 22nd, 2018

Sibanye-Stillwater seals $2.65 billion bridge facility re-financing

Sibanye-Stillwater today, 22 February 2018, reported operating and financial results for the 6 months ended 30 June 2017, delivering a strong operating and cost performance across the expanded Group in the second half of the year. Both the SA gold and PGM operations delivered annual production above guidance and costs below the guided range. The

Glencore funds from operations up 49%

Wednesday, February 21st, 2018

Glencore funds from operations up 49%

Our performance in 2017 was our strongest on record, driven by our leading Marketing and Industrial asset businesses. This is according to Ivan Glasenberg, Glencore Chief Executive Officer.  “Marketing Adjusted EBIT exceeded $3 billion for the first...

Anglo Gold signs Obuasi Gold Mine re-development deal in Ghana

Tuesday, February 20th, 2018

Anglo Gold signs Obuasi Gold Mine re-development deal in Ghana

AngloGold Ashanti is pleased to announce that it has signed the regulatory and fiscal agreements with the Government of Ghana that will provide the framework for the redevelopment of the Obuasi Gold Mine into a modern, productive...

AngloGold Ashanti full year production rises by 4%

Tuesday, February 20th, 2018

AngloGold Ashanti full year production rises by 4%

AngloGold Ashanti achieved guidance for the fifth straight year in 2017 as it achieved a 4% increase in production, progressed the restructuring of its South African portfolio and advanced its brownfield projects according to plan – all...

South32 reports lower interim headline earnings per share

Thursday, February 15th, 2018

South32 reports lower interim headline earnings per share

Global mining group South32 announced today, 15 February 2018, that its headline earnings per share eased to 9.9 U.S. cents a share in the half year to December 2017, from 11.6 percent during the same period in...

ArcelorMittal SA to pay ZAR1.5 billion competition commission fine

Thursday, February 15th, 2018

ArcelorMittal SA to pay ZAR1.5 billion competition commission fine

Africa’s leading steel producer, ArcelorMittal South Africa, one of the continent’s major steel producer confirms that the Competition Tribunal has amendment of its payment plan for a ZAR1.5 billion fine for collusion. In December, ArcelorMittal SA said...

Why mining is key to future economic growth across West Africa

Wednesday, February 14th, 2018

Why mining is key to future economic growth across West Africa

Mining must be at the heart of economic empowerment and to integrate more closely with the wider economy. This is according to Sulemanu Koney, Ghana Chamber of Mines Chief Executive Officer. Koney believes mining in his country...

Royal Bafokeng Platinum to acquire 100% Maseve shares for $12 million

Wednesday, February 14th, 2018

Royal Bafokeng Platinum to acquire 100% Maseve shares for $12 million

South Africa’s Royal Bafokeng Platinum (RBPlat) announced today, 14 February 2018, that all conditions it had fulfilled or waived regarding its acquisition of the concentrator plant and surface assets of Maseve Investments from Platinum Group Metals Ltd...

Exxaro Resources to pay a special dividend of ZAR4.5 billion

Tuesday, February 13th, 2018

Exxaro Resources to pay a special dividend of ZAR4.5 billion

In October 2017 Exxaro disposed of a portion of its shareholding in Tronox Limited (Tronox) following its announcement in March 2017 to monetise its stake in Tronox in a staged process over time to focus on its...

Kumba Iron Ore reports total dividend of ZAR30.97 per share

Tuesday, February 13th, 2018

Kumba Iron Ore reports total dividend of ZAR30.97 per share

Kumba Iron Ore has reported final cash dividend of ZAR15 per share, with total dividend of ZAR30.97 per share during the company’s provisional audited annual results for the year ended 31 December 2017. “I am pleased to report...

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