Reuters Africa Business

By Sergio Goncalves and Catarina Demony LISBON (Reuters) – Portugal’s Galp Energia, a partner in an Exxon Mobil-led gas consortium in Mozambique, said on Thursday it hoped to start building onshore plants in the southern African country in 2024, but only if security has been guaranteed first. Mozambique has been grappling with militants linked to …

Portugal’s Galp says security a must in Mozambique to build LNG plants Read More »

By Helen Reid JOHANNESBURG (Reuters) -South Africa’s Anglo American Platinum (Amplats) has received enquiries from manufacturers and carmakers seeking palladium in the wake of Western sanctions on top producer Russia, CEO Natascha Viljoen said on Wednesday. Palladium users with no existing contracts with the company have contacted Amplats about “potential alternative sources of palladium”, Viljoen …

Amplats CEO says carmakers looking for palladium after Russia sanctions Read More »

JOHANNESBURG (Reuters) – Russian aluminium giant Rusal, whose global operations have been hobbled by the war in Ukraine, has exported its first bauxite shipment from its mines in Guinea in nearly a month, an analysis of shipping data showed on Wednesday. Unlike a number of other Russian companies, Rusal is not the target of sanctions, …

Rusal exports first Guinea bauxite in nearly a month, data shows Read More »

LUSAKA (Reuters) – Britain’s Moxico Resources plans to invest $100 million to expand its majority-owned Mimbula copper mine in Zambia, UK Minister for Africa Vicky Ford said on Wednesday. The investment will create new jobs and increased tax revenues for Zambia’s government, Ford said in a statement released by the British High Commission in Zambia …

British firm plans to invest $100 million in Zambia mine expansion Read More »

JOHANNESBURG (Reuters) – A full takeover of South Africa’s Royal Bafokeng Platinum (RBPlat) by larger miner Impala Platinum is “likely,” RBPlat CEO Steve Phiri said on Wednesday, though the outcome remains in shareholders’ hands. Speaking at a platinum group metals (PGMs) conference in Johannesburg, Phiri called a months-long bidding war between Impala and Northam Platinum …

Royal Bafokeng Platinum CEO sees takeover by Impala as ‘likely’ Read More »

JOHANNESBURG (Reuters) – Africa-focused mobile network operator Africell will launch a service in Angola on Thursday, becoming the nation’s fourth mobile telecommunications provider following a $150 million investment. In an attempt to modernise its economy and attract private investment, the southern African oil producer has embarked on a wide-ranging reform and privatisation programme under President …

US-owned Africell to launch mobile service in Angola Read More »

LONDON (Reuters) – Shell said on Tuesday the volume of crude oil spills caused by sabotage in Nigeria’s oil-rich Delta more than doubled to 3,300 tonnes last year, a level last seen in 2016. While the volume of spills rose, the number of major spills fell to 106 in 2021 from 122 incidents the previous …

Shell 2021 oil spills in Nigeria double in volume Read More »