By Chen Aizhu SINGAPORE (Reuters) -China’s state oil and gas major Sinopec Group said it has signed a contract to explore a natural gas block in Algeria that potentially holds large shale gas resource. The contract was signed earlier this week between Sinopec International Petroleum Exploration & Production Corporation (SIPC) and state-run Algerian oil and …
China’s Sinopec signs contract to explore Algerian gas block Read More »
By Stephen Culp NEW YORK (Reuters) -U.S. stocks advanced on Wednesday and Treasury yields reversed their three-day slide after word of a trade deal between the United States and Japan, while a report of a similar deal with the European Union provided welcome signs of progress in President Donald Trump’s multi-front tariff negotiations. All three …
Wall Street ends higher, gold retreats as trade talks progress boosts markets Read More »
JOHANNESBURG (Reuters) -South Africa’s lower house of parliament on Wednesday passed the last major piece of annual budget legislation, after the two biggest parties in the coalition government found common ground after months of disagreements. The Appropriation Bill, which allocates funds to government departments and entities, was approved by a majority vote in the 400-seat …
South Africa’s parliament passes last major budget bill Read More »
By Emmanuel Bruce ACCRA (Reuters) -Ghana plans to shorten mining licence durations and mandate direct revenue-sharing with local communities in its most sweeping mining law reforms in nearly two decades, details of which were announced by a government minister on Wednesday. The planned overhaul reflects a broader trend across West Africa, where governments are rewriting …
New Ghana mining laws to shorten licence periods, boost community investment Read More »
TRIPOLI (Reuters) -Mellitah Oil and Gas will work with U.S. construction consulting firm Hill International to manage a project which aims to boost Libya’s gas output, the country’s National Oil Company (NOC) said in a statement on Wednesday. NOC said a cooperation agreement was signed during a visit by U.S. President Donald Trump’s senior adviser …
Libya’s Mellitah Oil and Gas to work with U.S. firm Hill International on gas project Read More »
HARARE (Reuters) -Impala Platinum’s Zimbabwean business is considering reopening a mine mothballed in 1998, an official said on Wednesday, after platinum prices rallied to their highest level in more than a decade. Australia-listed Zimplats, 87% owned by Impala, took over the Hartley mine when it acquired assets previously owned by BHP in 2001. The mine …
Zimplats weighs reopening mothballed mine as prices rebound Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -Visa Inc launched its first data centre in Africa on Wednesday, capitalising on the emerging economy’s rapid growth in digital payments, company executives said. Speaking at the launch, Michael Berner, Visa’s head of Southern and East Africa, said the facility was part of a 1 billion rand ($57 million) investment …
Visa opens first Africa data centre in Johannesburg Read More »
By Jonathan Stempel (Reuters) -A federal appeals court on Tuesday rejected a proposed class action by eight Malian citizens who sought to hold Hershey, Nestle and five other companies liable for child labor on Ivory Coast cocoa farms. In a 3-0 decision, the U.S. Court of Appeals for the District of Columbia Circuit found no …
Hershey, Nestle, other cocoa companies defeat appeal of child slavery lawsuit Read More »
JOHANNESBURG (Reuters) -The South African rand strengthened on Wednesday as inflation rose only modestly, keeping the central bank on track to continue cutting interest rates, while the local stock market scaled a new record high. At 1445 GMT, the rand traded at 17.5550 against the U.S. dollar, up about 0.2% on Tuesday’s closing level. South …
South African rand gains as inflation rises modestly, stocks hit new peak Read More »
CAPE TOWN (Reuters) -Angola’s attempts to stabilise waning crude oil production received a boost on Wednesday when two offshore projects started up, adding a total of 60,000 barrels per day to national output, the country’s national oil and gas agency ANPG said. Sub-Saharan Africa’s second-largest oil producer after Nigeria, Angola has overhauled its oil and …
Angola gets 60,000 barrels per day oil production bump Read More »
