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Monday, 23rd September 2019
6:49:54am

Business

Articles related to business

Glencore acquires stake in SA coal business

Glencore International has acquired 43.66 percent equity interest in Umcebo Mining, a South African coal mining business.
The Hong Kong-listed company had  agreed to acquire the interest for about R900 million ($10,8 million) in July 2010, subject to conditions precedent including the approval of the regulatory authorities in South Africa and…

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Namdeb outsources diamond mining activities

                 
Namibia’s leading diamond miner, Namdeb is considering outsourcing its mini activities in Oranjemund, a move that will leave ever 200 contract workers jobless.
The Namibian newspaper reports that Namdeb had contracted the workers for renewable…

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SA diamond output down 5pc in Oct

 
South Africa’s diamond mining production decreased by 5 percent last October when compared with the same period last year.
Data released by Statistics South Africa (Stats SA) also showed that seasonally adjusted diamond mining production decreased by 0.6 percent for the three months ended October 2011 compared with the three months ended July…

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Firestone Diamonds’ Gaborone tender shows recovery in demand

                    
Firestone Diamonds has sold 47,576 carats worth $2.8 million during its fourth diamond sale of the year in Gaborone, Botswana.
The Aim-quoted diamond mining and exploration company said in a statement to Rough & Polished that…

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Kalahari agrees to new, lower £632m China bid

                 
Kalahari Minerals has agreed to an offer from China Guangdong Nuclear Power Corp (CGNPC) valuing it at £632-million, or $993-million.
The £2.4355-a-share cash offer represented a 16.1 percent premium to the average closing price of Kalahari’s…

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DiamonEx abandon Botswana diamonds for coal

                  
Troubled DiamonEx, which sold its Lerala mine, in Botswana to UK-based Mantle Diamonds last April has ventured into coal business, marking a shift from diamond mining.
Mmegi quoted DiamonEx chief executive Mark Gray as saying that they had…

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