Business
Comprehensive business news. The latest gold, copper and metal prices, mining stock, market data and investing news.
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May- 2019 -24 May
Barrick to force Acacia takeover
Barrick Gold Corporation is to force a takeover of its Tanzania subsidiary, Acacia, to rescue the deal it has negotiated…
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23 May
Canada miner is in talks to buy Zimbabwe Gold Project
Canada-based B2Gold Corp. is considering buying an idled Zimbabwean gold mine — if it can be exempted from a law that…
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23 May
Biggest Africa investor goes to London for Lonmin decision
South Africa’s Public Investment Corp. faces a tough choice: back Sibanye Gold Ltd.’s takeover of Lonmin Plc, and take a hit…
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23 May
To borrow $500 million, Zimbabwe pledges mine that doesn’t exist
The collateral for African Export-Import Bank’s $500 million loan to Zimbabwe is a mine that hasn’t been dug yet, people…
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21 May
Zambia plan to seize copper mines stuns investors
Zambia’s Eurobond yields rose to record highs after the government of the cash-strapped copper producer said it’s planning to seize Vedanta…
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21 May
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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20 May
South Africa’s Amplats fires over 600 underground workers at its Mototolo mine
Anglo American Platinum (Amplats) said on Monday it fired about half of the underground workers at its Mototolo mine following…
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20 May
Zambia files notice of plans to seize Vedanta copper assets
Zambia’s government filed notification of plans to take over Vedanta Resources Ltd.’s domestic copper assets, President Edgar Lungu said. The…
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