SOUTH AFRICA

Risk-aversion rules as miners ramp up exploration

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A sharp rebound in mine exploration spending shows no sign of slowing this year, but miners seeking fresh supplies are keenly aware of risks and not every country with rich mineral deposits is a winner.
3. South Africa

Most Workaholic Countries [SLIDESHOW]

The slideshow contains the Top 14 most workaholic countries, according to survey by Ipsos Global and Reuters. Japan, Australia, South Africa top the list.
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coal

LCB deal promotes alternative S.Africa coal port

London Commodity Brokers (LCB) aims to sell 2 million tonnes of South African thermal coal a year for Strategic Natural Resources (SNR) PLC, using the port of East London rather than the highly congested Richards Bay.
A security guard stands next to a shipment of copper ready to be delivered in Valparaiso city

Zambia Jan copper output up 60 pct y/y

Copper output in Zambia, Africa's leading producer of the metal, increased by 60 percent in January as mining companies boosted production due to favourable prices, the central bank said on Wednesday.
Carbon

China sets out disputes facing arduous climate talks

China, the world's biggest greenhouse gas emitter, wants rich nations to vow bigger cuts to emissions as part of a new international deal on fighting global warming, Beijing's top climate negotiator said on Tuesday.

S.Africa to pass new energy plan into law by April

South Africa's new energy resource plan, which will determine the country's electricity mix over the next 20 years, will be passed into law by the start of April, a government official said on Tuesday.
lions

S.Africa tourism rises 15.1 pct in 2010 on World Cup

Boosted by the soccer World Cup, South Africa saw a record 15.1 percent increase in tourist arrivals in 2010 although the total of more than 8 million was not an all time-high, the tourism minister said on Tuesday.
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S.Africa yield spread at record high, stocks gain

South Africa's government bond curve steepened again on Monday with the yield spread between shorter and longer-dated debt hitting a record high as dealers positioned ahead of a debt auction on Tuesday.
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Sun Intl H1 profit flat, sees tough H2

South African gaming and hotels group Sun International Ltd reported a flat first-half profit, hit by unfavourable swings in currencies and warned of little growth for the remainder of the year.
Libya evacuations by country

Libya evacuations by country

Following are details of countries evacuating nationals and employees from Libya or closing operations because of the political turmoil.
Shakira

Shakira named 2011 Artist of the Year by Harvard Foundation

Grammy Award winning musician, songwriter and philanthropist Shakira has been honored by the Harvard Foundation as the 2011 Artist of the Year for her contributions to music and distinguished history of creativity as well as her humanitarian efforts through her Barefoot Foundation.
A engineer works at a road construction project near Isiolo town, 320 km (200 miles) north from the capital Nairobi

M&R falls to H1 loss, to sell assets

South African building firm Murray & Roberts fell to a half-year loss on Wednesday and said it will sell some assets in the Middle East and Australia, as it fights to ride out an industry-wide slump.
Special Report: In Africa, can Brazil be the anti-China?

Special Report: In Africa, can Brazil be the anti-China?

In the muggy forest of central Liberia, a gang of workers is inching its way along a railway track, cut long and straight through an otherwise impenetrable mesh of trees and vines. The drone of insects is interrupted by a high-pitched drill and the clang of hammers as workers put the finishing touches to the perfectly aligned steel tracks.

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