NAIROBI (Reuters) -Kenya’s shilling was stable on Thursday but market participants said it could weaken slightly later in the session due to potentially higher demand for dollars from general goods importers. At 0651 GMT, commercial banks quoted the shilling at 129.00/50, unchanged from Wednesday’s closing rate. (Reporting by George Obulutsa; Editing by Duncan Miriri)
SINGAPORE (Reuters) -Chinese cobalt smelters have ample supplies of the battery-making material despite the export ban imposed by the world’s top producer, the Democratic Republic of Congo, in late February, delegates at an industry conference said this week. Downstream users in China, the top consumer of the metal, have intermediate products stocks that will last …
China has ample cobalt despite Congo ban, conference delegates say Read More »
(Reuters) -Peak Rare Earths said on Thursday that Chinese rare earths producer Shenghe Resources will acquire the Australian firm for A$150.5 million ($96.62 million), in addition to the full amount raised under Peak’s proposed A$7.5 million entitlement offer. Under the deal, the Chinese miner’s unit Ganzhou Chenguang Rare Earths New Material will buy Peak for …
China’s Shenghe Resources to buy Australia’s Peak Rare Earths for about $97 million Read More »
By Portia Crowe and Divya Rajagopal DAKAR/TORONTO (Reuters) -A court in Mali will hold a hearing on Thursday to consider a request made by Mali’s military government to reopen Canadian miner Barrick’s Loulo-Gounkoto gold mine under a provisional administration, a court official said. Granting the request would represent a major escalation of a dispute between …
Judge to hear Mali’s request to reopen Barrick mine under new management, official says Read More »
(This story has been corrected to clarify that Brazil hosted G20 meeting last year in paragraph 3) By MacDonald Dzirutwe LAGOS (Reuters) -Nigeria is discussing exploration of its deep water oil acreage with Petrobras, years after the Brazilian oil giant exited the west African nation, Nigeria’s Foreign Minister Yusuf Tuggar said. “Petrobras is no longer …
Nigeria talks with Petrobras on deep water acreage, minister says Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -The U.S. dollar edged higher on Wednesday, rebounding from earlier declines as investors await fresh signals that global trade battles will continue to ease. The dollar index began the week with a jump of more than 1% on Monday and hit a one-month high as the United States and …
Dollar rebounds to edge higher, gains in Korea’s won ease Read More »
JOHANNESBURG (Reuters) -South Africa’s rand recouped some losses on Wednesday, a day after the country’s power utility implemented rolling power cuts. South Africa’s Eskom said on Tuesday it would implement power cuts during evening peak hours this week. Power cuts have held back economic growth in Africa’s most industrialised economy for more than a decade, …
South African rand recoups losses, power cuts in focus Read More »
ABIDJAN (Reuters) – Africa Global Logistics, which operates Ivory Coast’s main port, plans to invest over 60 million euros ($67 million) in inland logistics over the next five years to boost its position as a transport hub and gateway for landlocked West African nations. The company plans to establish operational hubs across Ivory Coast and …
Ivory Coast port operator to invest in inland logistics Read More »
SINGAPORE (Reuters) -The Democratic Republic of Congo may impose strict curbs on exports of cobalt when its existing four-month export ban ends, the head of a government agency said on Wednesday. Congo, the world’s leading producer of cobalt, imposed the export ban in February to try to revive prices for the metal, which is used …
Congo may impose more cobalt curbs after four-month export ban Read More »
By Enes Tunagur and Robert Harvey (Reuters) -Nigeria’s Dangote oil refinery has cancelled June maintenance at its 204,000 barrels per day gasoline-making unit as it completed planned works during an unplanned shutdown from April 7 to May 11, according to industry monitor IIR. During the unplanned outage, the Dangote refinery increased exports of residual products …
Nigeria’s Dangote oil refinery cancels June maintenance at gasoline unit, IIR says Read More »
