Reuters News

Zambian court appoints provisional liquidator of Vedanta’s Konkola Copper Mines

Zambia’s High Court on Tuesday appointed a legal firm as a provisional liquidator of Vedanta-controlled Konkola Copper Mines. The document…

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Gold miner Metallon demands $132 million from Zimbabwe central bank

Africa-focused gold miner Metallon Corporation is demanding nearly $132 million it says it is owed by Zimbabwe’s central bank, legal…

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Zimbabwe starts rolling power cuts, hitting mines, industry

Zimbabwe has started rolling power cuts lasting up to eight hours that will also hit mines, a schedule from the…

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Output at South Africa’s Amplats hit by Eskom power cuts

South African miner Anglo American Platinum Ltd’s (Amplats) first quarter production fell 6 percent, hit by problems at power supplier…

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Gold worth billions smuggled out of Africa

Billions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates in…

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Tanzania eyes 10,000 MW power generation capacity by 2025

Tanzania aims to have six times its current power generation capacity by 2025 through investment in thermal and renewable energy,…

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Petra Diamonds’ new CEO to work on strategy, seeks stability first

African miner Petra Diamonds’, which has high debt levels, aims to be cash flow positive in the second half of…

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Egypt imposes temporary duties of 15 pct on iron billets, 25 pct on steel rebar

Egypt has imposed temporary import fees of 15 percent on iron billets and 25 percent on steel rebar for 180…

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