U.N.'s Ban seeks tough climate pact, warns of disaster
U.N. Secretary-General Ban Ki-moon called on Thursday for swifter work on a climate treaty, saying inaction could spell economic disaster and a rise in sea levels of up to 2 meters (6.5 ft) by 2100.
Vale says not seeking to buy fertilizer assets
Brazilian mining company Vale, the world's top iron ore miner, said on Friday it is not seeking to buy fertilizer assets following rumors it was planning a bid for U.S.-based fertilizer company Mosaic.
IMF lends Mozambique $176 mln to ease crisis impact
The International Monetary Fund (IMF) has approved a $176 million loan to Mozambique to help cushion the southern African country from the effects of the economic slowdown, the IMF said on Wednesday.
IMF representative Felix Fischer said the loan would be payable in 10 years, after an interest-free grace period of five years, followed by annual rate of 0.5 percent.
Financiers pledge $1 billion for Africa infrastructure
Western nations and lending agencies have agreed a financing package of more than $1 billion to improve infrastructure in southern and central Africa at an investment conference meant to expand transport links and trade.
Zimbabwe cholera cases tops 75,000
So far at least 73 385 Zimbabweans have been infected with water-borne diarrhea disease since August and 3 524 have died, in Africa's deadliest cholera outbreak in 15 years.
Tsvangirai ready to 'deal with' Mugabe
In a new bid to bring peace to Zimbabwe, regional heads from South Africa and neighboring Mozambique will meet Robert Mugabe and the country's opposition leader on Monday.
Watch Oil listen to Bernanke and follow the Dollar
By Jon Nadler
After a brief dip to $928 gold started to build on yesterday's gains once again overnight as the dollar touched a new all time low vis a vis the euro and sank to 71.50 on the ...
No global warming: Charcoal fuels 80% of Africa
Commodity Online
It is 21st century and do you know what is the main fuel for several African nations now? It is charcoal.Maybe, a shocking news for environmentalists and people who are b...
GSHL signs deals for iron ore coalmining leases
Commodity Online NEW DELHI: Global Steel Holdings Ltd (GSHL) has signed a deal for leasing iron ore and coal reserves in Brazil, Columbia and Mozambique
GHSL signs deals for iron ore coalmining leases
Commodity Online NEW DELHI: Global Steel Holdings Ltd (GSHL) has signed a deal for leasing iron ore and coal reserves in Brazil, Columbia and Mozambique
Africa Must Welcome China - Mozambique's Chissano
Increased Chinese involvement in Africa should be welcomed, former Mozambique President Joaquim Chissano said on Monday, dismissing accusations that Chinese policies can encourage human rights abuses.
Company to Invest $1 Billion for Biofuel in Africa
A biofuel company will invest $1 billion to develop the biofuel sector in Africa, it was announced Tuesday.