africa news

Exxaro bids A$123 million for Territory Resources

South African miner Exxaro has made a takeover bid for Australian miner Territory Resources for A$123 million in cash.
Exxaro bids A$123 million for Territory Resources

Lonrho snaps up Fish On Line stake

Africa-focused investment company Lonrho has said it will acquire a 51 per cent equity interest in seafood wholesaler Fish On Line for R3.5 million in cash.
Lonrho snaps up Fish On Line stake

Profits rise at Netcare

South Africa’s largest private hospital operator Netcare has announced a rise in first-half profits of 15 per cent, driven by a strong performance in South Africa.
Profits rise at Netcare

Moroccan power plant contract awarded

Morocco’s Jorf Lasfar Energy Company has awarded the contract for the development of a 700MW coal-fired power plant in Morocco.
Moroccan power plant contract awarded

Vale opens coal mine in Mozambique

Vale, the world’s second largest mining company, has opened a new coal mine in Moatize, Mozambique.
Vale opens coal mine in Mozambique

Aquarius boosts resource base with acquisition

Aquarius Platinum is to buy the mineral rights to the southern part of Northam Platinum’s Booysendal project for R1.2 billion, it has been announced.
Aquarius boosts resource base with acquisition

Kalahari Minerals ÔÇ£confidentÔÇØ in continued Namibian relations

London-based Kalahari Minerals has said it remains confident that its relations with Namibia’s government and its investment in the country will continue, despite proposed chang
Kalahari Minerals ÔÇ£confidentÔÇØ in continued Namibian relations

Major oil companies report first quarter results

As April draws to a close, the world’s major oil companies are coming out with their first quarter results for 2011, with ConocoPhillips, BP, EXXON and Shell all reporting this

Major oil companies report first quarter results

Barrick Gold to acquire Equinox Minerals

Toronto-based Barrick Gold, the world’s largest gold miner, is building up its copper portfolio with an agreement to acquire copper producer Equinox Minerals.
Barrick Gold to acquire Equinox Minerals

Africa and Asia boost results for SABMiller

Brewer SABMiller has revealed in its full year trading update that strong performances in Africa and Asia boosted overall results.
Africa and Asia boost results for SABMiller

Gold Fields increases stake in Ghana assets

Gold Fields has agreed to buy an 18.9 per cent stake in the Tarkwa and Damang gold mines in Ghana from IAMGOLD Corporation for $667 million.
Gold Fields increases stake in Ghana assets

Loan approved for EskomÔÇÖs Kusile plant

The Export-Import Bank of the United States has given preliminary approval for an $805.6 million direct loan to South Africa’s state-owned utility Eskom.
Loan approved for EskomÔÇÖs Kusile plant

Aquarius Platinum boosts South Africa portfolio

Aquarius Platinum has announced the acquisition of platinum group metal (PGM) mineral rights through its purchase of South Africa-based Afarak Platinum.
Aquarius Platinum boosts South Africa portfolio

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