JOHANNESBURG (Reuters) -The South African rand slipped on Thursday, after the release of weaker-than-expected local mining output figures. At 1544 GMT the rand traded at 17.7850 against the dollar, down about 0.2% on Wednesday’s close. The risk-sensitive rand, which often takes cues from global drivers like U.S. policy and economic data, fell by almost 1% …
South African rand slips after local mining data disappoints Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -South Africa’s pay television group MultiChoice may unbundle its sports channels into a separate subscription package, its CEO said on Thursday, a move that might help it retain subscribers. Presenting the group’s results a day after reporting a headline loss of 800 million rand ($45 million), CEO Calvo Mawela was …
South Africa’s MultiChoice may offer separate SuperSport package from Dstv Read More »
By Marwa Rashad LONDON (Reuters) – Egypt has reached agreements with several energy firms and trading houses to buy 150 to 160 cargoes of liquefied natural gas, as it ramps up purchases to meet power demands despite strained government finances, industry sources said. The world’s most populous Arab country has endured rolling blackouts over the …
Egypt agrees to buy up to 160 LNG cargoes through 2026, sources say Read More »
BAMAKO (Reuters) -A Malian court adjourned until June 16 a hearing on whether to put Barrick Mining’s gold mining complex, suspended since January due to a dispute over taxes and ownership, under provisional administration, a presiding judge said on Thursday. The Malian government, a shareholder in the Loulo-Gounkoto gold mining complex, in May asked the …
Mali hearing on Barrick’s Loulo-Gounkoto gold complex adjourned to June 16 Read More »
KIGALI (Reuters) -Rwanda plans overall spending of 7 trillion Rwandan francs ($5 billion) next fiscal year, 21% more than this year, Finance Minister Yusuf Murangwa said on Thursday. The increased spending will support the construction of a new international airport and government priorities like boosting agricultural productivity, expanding electricity access and upgrading education and healthcare, …
Rwanda plans 21% increase in spending next fiscal year Read More »
By Wendell Roelf CAPE TOWN (Reuters) -A $5.8 billion project on South Africa’s east coast seeks to use the country’s infrastructure and cheap renewable power to make some of the world’s cheapest green ammonia for clients in Europe and Asia, an executive said. South Africa is vying with other African nations, including Egypt, Morocco and …
South Africa’s $5.8 billion Hive project aims to lead low-cost ammonia output Read More »
(Reuters) -Burkina Faso has completed the transfer of five gold mining assets to the country’s state-owned miner, according to a decree published late on Wednesday, finalising a process that began in August to increase control over its mineral resources. Like its neighbours Mali and Niger, Burkina Faso is seeking to control a larger share of …
Burkina Faso completes nationalisation of five gold mining assets Read More »
NAIROBI (Reuters) -Kenya’s shilling was slightly stronger on Thursday in slow trade, traders said. At 0703 GMT commercial banks quoted the shilling at 128.90/129.40 per dollar, compared with Wednesday’s close of 129.00/129.50. (Reporting by George Obulutsa;Editing by Alexander Winning)
By Divya Rajagopal and Portia Crowe TORONTO/DAKAR (Reuters) -Barrick Mining has removed its Mali gold complex from its overall output forecast for 2025, four sources told Reuters, adding to fallout from a two-year dispute over new mining legislation aimed at boosting the West African country’s revenue. Operations at the Loulo-Gounkoto gold complex, one of the …
Barrick Mining removes Mali gold complex from 2025 output forecast, sources say Read More »
By Rishabh Jaiswal and Divya Rajagopal (Reuters) -Ivanhoe Mines said on Wednesday it had resumed underground mining in part of its Kakula copper mine in the Democratic Republic of Congo that had been closed due to seismic activity, but lowered output guidance for the year. Mining on the mine’s western side resumed on June 7, …
Ivanhoe restarts part of Congo copper mine; cuts output guidance Read More »
