Glencore buys Chevron stakes in Botswana, SA
JOHANNESBURG, (CAJ News) – GLENCORE has entered into an agreement with Off The Shelf Investments (OTS) for major acquisitions in Chevron Botswana and South Africa for US$973 million. It will acquire from OTS a 75 percent stake in Chevron SA and the entire issued share capital of Chevron Botswana. The acquisition follows the closing of OTS’s More...
De Beers lays foundation for gender equality
JOHANNESBURG, (CAJ News) – THE De Beers Group is to invest US$3 million into empowering women in its producer countries. Targeted beneficiaries include women micro-entrepreneurs in Southern Africa and Canadian More...
World Bank backs Nigeria economic diversification plans
ABUJA, (CAJ News) – PLANS by Nigeria to place mining at the centre of diversifying the economy from the oil industry have received a timely boost from the World Bank. The bank announced it had developed More...
Angola LNG, Glencore sign sales agreement
LUANDA, (CAJ News) – Angola Liquefied Natural Gas (ALNG) Limited and Glencore Energy UK have executed a global multiyear LNG sales agreement. ALNG will deliver LNG cargoes to Glencore at destinations around More...
Buyanga’s AMG targets a tonne in year of gold
By AKANAI CHAUKE JOHANNESBURG, (CAJ News) – AFRICAN Medallion Group (AMG) is targeting a tonne of gold before the end of the year as the firm nears R100 million (US$7,7 million) in gold in the past 90 days. Founder More...
Nigeria explores mining to stimulate stressed economy
ABUJA, (CAJ News) – NIGERIA, Africa’s biggest economy nonetheless undergoing a recession, is intensifying efforts to explore opportunities in the mining sector.This is part of a drive to diversify the economy More...
Digital evolution spearheads DRC mining growth
From JEAN KASSONGO in Kinshasa, DRC KINSHASA, (CAJ News) – DIGITAL innovation is driving transformation within the mining sector in the Democratic Republic of the Congo, the mineral-rich Central African country More...
Anglo Gold Ashanti to slash over 8 000 jobs
JOHANNESBURG, (CAJ News) – ANGLOGOLD Ashanti is set to retrench some 8 500 employees in South Africa in light of heavy losses incurred recently. The company has begun a consultation process with employees More...
Nujoma, world’s prime exploration vessel launched
WINDHOEK, (CAJ News) – DEBEERS and the Government have inaugurated the world’s largest and most advanced diamond exploration and sampling vessel, which is to begin ready to exploring for diamond deposits More...
Kibo welcomes Tanzania moves against mining fraud
By ALLOYCE KIMBUNGA , TANZANIA, DAR-ES-SALAAM, (CAJ News) – JOHANNESBURG Stock Exchange-listed Kibo Mining has welcomed policy and legislative changes aimed at curbing rampant fraud in Tanzania’s mining sector. The More...