Business News

Xstrata steps closer to merging with Glencore

In a move that will ultimately result in the formation of one the world’s largest metals and commodities firms, mining group Xstrata has come a step closer to merging with Glencore.

Large gold refinery opens in Sudan

Sudan’s first gold refinery, one of Africa’s largest plants, has been officially opened by its president Omar al-Bashir.

Fortescue debt deal results in share price rise

Fortescue Metals Group has seen its share price rise by up to 17 percent after the Australian miner confirmed it had secured a $4.5 billion credit facility.

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