Guinea not flexible on Simandou infrastructure - minister

CAPE TOWN (Reuters) - Guinea stands by its requirement that output from the long-delayed Simandou iron ore project must be exported from a Guinean port, despite the collapse of a deal aimed at jump-starting development, its mines minister said on Wednesday.

~ Reuters

Related Articles

100%

Ghana to miners:"Respect the land that provides the riches"

CAPE TOWN (Reuters) - Ghana’s President Nana Akufo-Addo demanded mining deals be more beneficial for Africa on Tuesday, calling on governments to end fiscal incentives traditionally used to attract investment to countries long viewed as rife with ...

Reuters , Africa Feb 5, 2019
81%

Gold deal rush sweeps by broader mining sector

Chris LaFemina, a managing director at Jefferies bank, said shareholders, bruised by overspending at the top of the last cycle that never delivered returns, would only clamour for broader consolidation if the macro environment changed.

Reuters , Africa Feb 5, 2019
61%

Kenyan firm buys TZ cashews for Sh18bn

Tanzania will earn $180.2 million (Sh18 billion) from its stock of cashewnuts after it entered into an agreement with a little known Kenyan-registered firm, Indo Power Solutions Ltd, for the purchase of 100,000 tonnes of the product last week.

Business Daily Africa , Kenya Feb 4, 2019
61%

SA economy benefited from Platinum Group Metals' R1.2 trillion

CAPE TOWN - The South African economy has benefited significantly from Platinum Group Metals (PGM) which has produced 221 million ounces of PGMs valued at R1.2 trillion (US$170 billion) between 1980 and 2015.

IOL , South Africa Feb 6, 2019
59%

South Africa wants to spend billions on Africa’s energy megaprojects as Eskom struggles back home

The government’s ambitions of sourcing energy from other African countries aren’t limited to electricity – it’s also signed an agreement to invest $1 billion in oil projects in South Sudan, which is emerging from a civil war.

Business Tech , South Africa Feb 4, 2019
59%

The giant Chinese companies shaping the world’s industries

Paris, France | AFP | It was fear of being dominated by a Chinese behemoth that sparked an attempt by large French and German rail companies to join forces to create an European industrial champion.

The Independent , Uganda Feb 9, 2019
58%

Eskom's tariff hike to hit-hard on mining sector

CAPE TOWN – The most critical challenges facing South Africa is the sustainability of Eskom which would require some sort of workable solutions but not the price increases, Minerals Council of South Africa chief executive, Roger Baxter said on Tue...

IOL , South Africa Feb 5, 2019
58%

Kenyan firm buys TZ cashews for Sh18bn

Tanzania will earn $180.2 million (Sh18.1 billion) from its stock of cashew nuts after it entered into an agreement with a little known Kenyan-registered firm, Indo Power Solutions Ltd, for the purchase of 100,000 tonnes of the product last week.

Daily Nation , Kenya Feb 3, 2019
57%

BP says net profit almost trebles to $9.4 bn in 2018

“The actual reported outcome will depend on the exact timing of project start-ups, acquisition and divestment activities, OPEC quotas and entitlement impacts in our production-sharing agreements,” BP said.

Capital News , Kenya Feb 5, 2019
57%

Little known Kenya firm buys Tanzanian cashew nuts for $180m

The deal was signed on January 30 between the Cereals and Other Produce Board director Hussein Mansour and Indo Power’s chief executive Brian Mutembei.

The East African , Kenya Feb 3, 2019
57%

Equatorial Guinea under UN human rights spotlight

In its 2017 worldwide survey of human rights, the US State Department cited multiple abuses in Equatorial Guinea, including the use of “deadly force against political opponents” of President Obiang’s regime.

The East African , Kenya Feb 8, 2019
57%

Lamu abuzz with Sh2.7trn projects

The national government has also invested billions of shillings in undertaking other infrastructural projects aimed at boosting both road and sea transport not only in Lamu County, but the whole country and the region.

Business Daily Africa , Kenya Feb 12, 2019
56%

Italy denies it will ban Huawei, ZTE from its 5G plans

INTERNATIONAL - Italy has denied a report it will ban China’s Huawei Technologies and ZTE Corp from playing a role in building its fifth-generation mobile phone network.

IOL , South Africa Feb 8, 2019
55%

Saudi Arabia to spend $3.8 bln to enhance mineral exploration

CAPE TOWN (Reuters) - Saudi Arabia will invest around $3.8 billion to enhance access to geoscience data and reduce regulatory red tape as it looks to boost mineral exploration, senior government officials said on Wednesday.

Reuters , Africa Feb 6, 2019
55%

E. Guinea under UN human rights spotlight

In its 2017 worldwide survey of human rights, the US State Department cited multiple abuses in Equatorial Guinea, including the use of “deadly force against political opponents” of president Obiang’s regime.

Daily Monitor , Uganda Feb 9, 2019
54%

Nuclear tech for efficient exploitation of Zambia’s mineral resources

On May 15, 2018, the Republic of Zambia and Russia signed an engineering, procurement and construction contract for the Centre of Nuclear Science and Technology (CNST) in Chongwe.

IOL , South Africa Feb 5, 2019
53%

[ANALYSIS] African miners get mix of red carpet and red card

As executives of the biggest firms gathered for last week’s annual industry conference in Cape Town, the continent’s politicians were to be seen quaffing Shiraz in the shadow of Table Mountain to drum up inward investment.

EWN , South Africa Feb 10, 2019
53%

All hail Ramaphosa's 'New Dawn'

“The new administration here, led by a man who understands the global economy very well, certainly has an extremely difficult task ahead to ensure that South Africans who suffered untold misery under apartheid don’t run out of patience with the el...

IOL , South Africa Feb 6, 2019
52%

Turkana wind firm to break-even in 2024

The Lake Turkana Wind Power (LTWP) firm has set a target to break even in 2024, about 10 years since the start of the project.

Business Daily Africa , Kenya Feb 10, 2019
51%

Transnet, Botswana Railways collaborate to unlock coal reserves

Transnet spokesperson Molatwane Likhethe said the discussions around the project date back to more than 10 years following a concept study that suggested that the most viable option to unlock the coal reserves from Botswana would be through the co...

IOL , South Africa Feb 7, 2019