NIAMEY (Reuters) – Niger’s self-appointed military government has temporarily suspended the granting of new mining licences and ordered an audit of the sector, the mines ministry said. The ministry did not provide a reason for the licence suspension in its Jan. 22 statement that was seen by Reuters on Thursday. The mines minister did not …
Niger junta temporarily stops granting new mining licences Read More »
(Reuters) – South Africa’s Sasol on Thursday reported lower output at its coal mining division in the October-December quarter citing safety-related incidents, tough geological conditions and delays in sourcing spares for maintenance. Output in the quarter was cut by 5% or 394,000 metric tons as a result, said Sasol, the world’s biggest producer of fuels …
South Africa’s Sasol warns on quarterly coal output Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -South Africa’s Mr Price, a budget fashion and homeware retailer, said on Thursday the high level of risk caused by the country’s port congestion has subsided slightly but it will continue to take necessary action to prevent impact on trade. South African state-owned logistics company Transnet has said backlogs at …
Mr Price says high risk caused by S.Africa’s port woes has subsided slightly Read More »
NAIROBI (Reuters) -The head of Kenya’s public debt management office at the finance ministry plans to leave his post in the next two months, the Business Daily newspaper reported on Thursday. Haron Sirima has been in charge since 2018 and the office is critical in the East African nation’s handling of Eurobond issuances. “My tour …
Kenya’s head of public debt management to leave – media Read More »
By Sinéad Carew and Tom Wilson NEW YORK/LONDON (Reuters) -MSCI’s global equity index rose on Wednesday, hitting its highest level in almost two years, backed by positive earnings and economic data in both Europe and the United States as well as optimism China stimulus will support its stock markets. Treasury yields rebounded on Wednesday as …
Stocks climb on positive earnings, economic data; yields rise Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar dropped on Wednesday, taking a breather from recent gains, as investors consolidated positions and looked to economic data this week and the Federal Reserve policy meeting next week for more clues about the start of the easing cycle. The currency, however, cut its losses after data …
US dollar falls ahead of GDP, inflation data; Fed in focus Read More »
By Scott DiSavino NEW YORK (Reuters) – Oil prices edged up about 1% on Wednesday on a bigger-than-expected U.S. crude storage withdrawal, a slump in U.S. crude output, Chinese economic stimulus, geopolitical tensions and a weaker dollar. Brent crude futures rose 49 cents, or 0.6%, to settle at $80.04 a barrel, while U.S. West Texas …
Oil edges up 1% on big US crude withdrawal, China stimulus Read More »
BAMAKO (Reuters) – More than 40 artisanal gold miners were killed in southwest Mali last week after the shaft they were working in collapsed, Mali’s mines ministry said on Wednesday. Artisanal mining is a common activity across much of West Africa and has risen in recent years due to growing demand for metals and rising …
More than 40 killed in artisanal mine collapse in southwest Mali – mines ministry Read More »
By Elisha Bala-Gbogbo ABUJA (Reuters) -Nigeria’s central bank aims for inflation to fall to about 21% and will work to strengthen the country’s undervalued naira currency, Governor Olayemi Cardoso said on Wednesday. Cardoso faces pressure to raise interest rates when the Central Bank of Nigeria (CBN) holds a rate-setting meeting next month for the first …
Nigeria central bank aims for 21% inflation, seeks to support naira Read More »
(Reuters) -West Africa-focused Tullow Oil said on Wednesday it was on track to deliver about $600 million free cash flow over the next two years to achieve its stated target of $800 million from 2023 to 2025, sending its shares about 8% higher. The London-listed oil and gas explorer said the start-up of Jubilee South …
Tullow Oil on track to deliver $600 million free cash flow over next 2 years Read More »
