Category archives for: Mining

Glencore buys Chevron stakes in Botswana, SA

GLENCORE

By AKANI CHAUKE 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 […]

World Bank backs Nigeria economic diversification plans

Nigeria economic diversification

From EMEKA OKONKWO in Abuja, Nigeria 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 a key partnership with the Federal Government and was still working along with some states that have higher […]

Angola LNG, Glencore sign sales agreement

GLENCORE

From NANDO AFONSO in Luanda, Angola 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 the world. ALNG said following on from the other sales agreements recently announced by ALNG, this was […]

Buyanga’s AMG targets a tonne in year of gold

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 of the company, Zimbabwean entrepreneur Frank Buyanga, said gold, as one of the oldest forms of […]

Motsepe’s ARC listing transforms financial services sector

Dr Patrice Motsepe, Chairman of African Rainbow Capital and
Ubuntu Botho Investments sounding the kudu horn.IMAGE PROVIDED

By MTHULISI SIBANDA JOHANNESBURG, (CAJ News) – AFRICAN Rainbow Capital (ARC) Investments Limited has listed on the main board of the Johannesburg Stock Exchange. It is the 12th company to list on the JSE this year and brings the total amount of capital raised on the exchange to date in 2017 to just over R76 billion (about$6 billion). […]

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