Central Asia Metals Looks To Enter Africa In Search Of Copper Project
Base metals miner Central Asia Metals (CAML) is on the hunt for a new copper project in Southern Africa for up to $400 million in what would be its first foray into the continent, its chief executive said. The London-listed company, which has two mines in Kazakhstan and Macedonia, is prepared to spend $300 million-$400 […]
Global Equity Slump Deepens as Rate Fears Grow: Markets Wrap
Asian equities fell and U.S. stock futures headed lower, extending the biggest selloff for global stocks in two years as investors adjusted to a surge in global bond yields. Shares sank across the region, with Japan’s benchmarks falling the most in 15 months. S&P 500 Index futures pared a drop of as much as 0.9 […]
Bob Diamond Sees Brexit’s Impact More Profound Than Expected
Bob Diamond, the architect of Barclays Plc’s investment bank over more than a decade in London, said the British capital will be hurt more than people expect from Brexit, with lawyers likely to join bankers in moving away. “People are beginning to understand Brexit is going to be far more profound and long-lasting than they […]
Ghana Produces Biggest Cocoa Crop in Six Years
Ghana has recorded its biggest cocoa harvest in six years, according to two people familiar with the matter, after favorable weather conditions boosted output in the world’s second-biggest grower. Graded and sealed deliveries since the beginning of the season in October reached 909,493 metric tons by July 27, said the people, who asked not to […]
Illegal Mines And Local Mafia Take Shine Off Latin American Gold
Oscar was 16 when his cousin “sold” him to the owner of an illegal gold mine deep in Peru’s Amazonian jungle. Life in Madre de Dios – a huge encampment scarred by deforestation and mercury-filled pools – was dirty, desperate and dangerous: food and water were scarce; malaria and yellow fever were rampant; and trafficked […]
Surge In Gold Prices Brings No Change In Fortune For Madagascar’s Miners
A drumming sound reverberates across the bridge and over the valley: the gold panners are hard at work. Dotted along the edges of a river bed are hundreds of people, rhythmically banging wooden poles into the red earth. They are gold miners “sampling” the dry soil for the precious metal. Crouched alongside them are other […]
Niger Delta Oil Spill Clean-Up Launched – But Could Take Quarter Of a Century
A $1bn clean-up of one of the world’s most oil-polluted regions will be officially launched on Thursday by the Nigerian president, Muhammadu Buhari. But it will be at least 18 months before full remedial work starts in Ogoniland in the Niger delta, and possibly 25 years before all the swamps, creeks, fishing grounds and mangroves […]
ExxonMobil CEO: Ending Oil Production ‘Not Acceptable For Humanity’
Rex Tillerson, the boss of oil giant ExxonMobil, said cutting oil production was “not acceptable for humanity” as he fought off shareholders’ and activists’ attempts to force the company to fully acknowledge the impact of climate change on the environment and Exxon’s future profits. During a long and fractious annual meeting in Dallas on Wednesday, […]
Governor El-Rufa’i – Kaduna Has More Gold Than South Africa
A recent survey shows that there is more gold deposit in Birnin Gwari Local Government Area of Kaduna State than South Africa, Governor Nasir el-Rufa’i has said. Speaking yesterday at the opening of the 2-day Economic and Investment Summit, El-Rufa’i said the state could generate about N40 billion from solid minerals. Declaring the summit open […]
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Rachael: 
Maryam: 