MELBOURNE (Reuters) -Australian diversified miner South32 on Monday flagged an impairment to its Mozal aluminium smelter in Mozambique and said that its production was under review because it has not been able to secure affordable power prices after March 2026. South32 said it has been in talks for six years with hydroelectric power supplier Hidroeléctrica …
South32 flags impairment of Mozambique aluminium smelter Read More »
CAPE TOWN (Reuters) -Azule Energy, a partnership between BP and Eni in Angola, discovered gas in its first gas-specific exploration well off the country’s shores, the national oil and gas agency ANGP said late on Friday. Found in block 1/14, the Gajajeira-01 well drilled in the lower Congo Basin encountered gas and condensate-bearing rock, with …
Angola discovers offshore gas in first gas-specific exploration well Read More »
By Saqib Iqbal Ahmed and Chibuike Oguh NEW YORK (Reuters) -The U.S. dollar rose against major currencies including the yen and euro as President Donald Trump rekindled trade tensions with new tariffs on Canada and other trading partners. Trump issued a letter late on Thursday that said a 35% tariff rate on all imports from …
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose over 2% on Friday as the International Energy Agency said the market was tighter than it appears, while U.S. tariffs and possible further sanctions on Russia were also in focus. Brent crude futures settled up $1.72, or 2.5%, at $70.36 a barrel. U.S. West Texas Intermediate …
Oil rises over 2% as investors weigh market outlook, tariffs, sanctions Read More »
CAPE TOWN (Reuters) -Shell has been granted environmental authorisation to drill up to five deep-water wells off South Africa’s west coast, the company said on Friday. The oil major applied for authorisation last year and plans to drill exploration or appraisal wells in the Northern Cape Ultra Deep Block in the Orange Basin, at water …
Shell gets permission to drill off South Africa’s west coast Read More »
RABAT (Reuters) -Moroccan telecoms regulator (ANRT) has invited bids for licenses to roll out and operate 5G network services, it said on Friday. The Moroccan government aims to make 5G available to 25% of the population by 2026 and 70% by 2030, the year it will co-host the World Cup with Spain and Portugal. (Reporting …
Morocco invites bids for 5G network, telecoms regulator says Read More »
JOHANNESBURG (Reuters) -The South African rand fell against a firmer dollar on Friday as U.S. President Donald Trump’s tariff threats kept markets on edge. At 1432 GMT, the rand traded at 17.9450 against the dollar, more than 1% weaker than Thursday’s close and in line with most of its emerging market peers as traders opted …
South African rand falls over 1% as tariff jitters deter investors Read More »
By Chris Mfula LUSAKA (Reuters) -First Quantum Minerals’ recent investment in Prospect Resources is key to the extension of mine life at Zambia’s Sentinel mine, FQM’s country director Anthony Mukutuma said on Friday. The Canada-based company made a 15% investment in Prospect in April, becoming the biggest shareholder in the Australia-listed exploration company. Prospect is …
First Quantum says Prospect investment key to Zambia copper expansion Read More »
By Erwin Seba HOUSTON (Reuters) -Oil prices fell more than 2% on Thursday, as investors weighed the potential impact of U.S. President Donald Trump’s tariffs on global economic growth. Brent crude futures settled at $68.64 a barrel, down $1.55, or 2.21%. U.S. West Texas Intermediate crude finished at $66.57 a barrel, down by $1.81, or …
By Portia Crowe and Divya Rajagopal DAKAR/TORONTO (Reuters) -A Malian military helicopter airlifted gold from the Barrick-owned Loulo-Gounkoto complex on Thursday, three sources said, days after Reuters reported that a court-appointed administrator planned to sell the site’s bullion to finance operations. A Bamako court last month appointed a provisional administrator to restart operations at the …
Exclusive-Mali military helicopter airlifts gold from Barrick-owned Loulo-Gounkoto Read More »
