Reuters News

Acacia says valuation higher than Barrick buyout offer, extends bid deadline

Tanzania’s largest gold miner Acacia Mining Plc said on Tuesday it is worth more than a buyout proposal by majority…

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Vedanta to seek court order saying Zambia’s ZCCM breached shareholder pact

Vedanta, in the middle of a dispute with the Zambian government over its Konkola Copper Mines (KCM) business, said it…

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Shell, Exxon Mobil eye re-entry into Somalia’s upstream sector

Royal Dutch Shell and Exxon Mobil are looking to re-enter the market in Somalia ahead of an oil block bid…

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Zimbabwe allays fears over gold sales, remittances after currency reform

Zimbabwe’s central bank has reassured gold companies and people receiving money transfers that they will still be able to receive…

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Kenya signs milestone crude processing deal with oil firms

The Kenyan government has signed agreements with oil major Total, Tullow Oil and Africa Oil Corp to develop a 60,000-80,000…

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China’s CNMC agrees to work on Madagascar rare earth project

A unit of China Nonferrous Metal Mining Group (CNMC) said on Monday it had signed a non-binding memorandum with Singapore-listed…

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Zambian court rejects Vedanta bid to join liquidation case

A Lusaka court on Thursday ruled Vedanta Resources could not be included in proceedings to wind up its Konkola Copper…

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Congo deploys army to protect China Moly’s copper mine from illegal miners

Congo’s military has deployed hundreds of soldiers to protect a major copper and cobalt mine owned by China Molybdenum Co…

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