After raiding iron ore mines across the world to make investments, China is now scouting for platinum producers in South Africa. Recently, China has decided to pump in $877 million into South Africa's platinum sector. In a deal backed by the China-Africa Development Bank, Chinese state-owned mining firm Jinchuan will acquire a 51 per cent stake in the small platinum developer and develop its Frischgewaagd-Ledig mine.
Josephine Jimenez has a chunk of money to invest and she is hunting for opportunities in the usual places -- Zimbabwe, Tunisia, Sri Lanka, among others. Jimenez is a specialist in so-called frontier markets. She stacked up a million air miles long ago.
(Reuters) - Health ministers on Thursday agreed to try to curb binge drinking and other growing forms of excessive alcohol use through higher taxes on alcoholic drinks and tighter marketing regulations.
United Nation's Food and Agriculture Organisation said global wheat crop is to fall by more than 7 million tonnes this year as poor prices turn farmers off the grain. The global wheat harvest will come in at 675m tonnes this year, below last year's level and the record 683.8m tonnes set in 2008, FAO said in a report.
Platinum and palladium markets received some good news this week with the auto sales zooming in India and China. Platinum and palladium, two metals used in the high end car exhausts to cut pollution, prices depend mostly on the auto sales across the globe. With India and China reporting huge car sales in April, the prices of platinum and palladium are set to gain from this news.
SINGAPORE (Reuters Life!) - Nothing makes us happier than our families and loved ones, a new study shows, with face-to-face socializing beating reaching out to people online hands down.
After the US launched its first palladium ETF recently, it is the turn of South Africa now South African stock exchange operator, JSE, will launch a platinum ETF soon. It is also looking to list an Africa ETF in South Africa, with blue-chip companies.
Uganda's third gold refinery named Victoria Gold Star started operations with a capacity to refine 60kg of gold daily. The refinery, built with the help of Russian investors at a cost of around $1.5million, was located at Fifth Industrial area in country's capital Kampala.
Reports from China and South Africa, two major gold producers in the world, show that gold output this year may witness a surge as several companies have ramped up their production to cash in on the rising prices and increased demand. According to Chinese media, the country produced 70.16 tonnes of gold in the first three months of 2010. This is a gain of around 4.4 per cent year-on-year. The report further added that gold mining companies in China produced 57.3 tonnes of gold in the first three...
World Health Organization(WHO) warned tourists in South Africa especially soccer fans heading to the World Cup to guard against mosquito bites and avoid contact with raw meat due to an outbreak of Rift Valley fever.
World's largest gold producer is also set to take India's centuries-old gold crown as the world's top gold consumer. After knocking South Africa out of first place as the world's largest gold producer in 2007, it now appears China will overtake India as the world's leading gold consumer when industry figures are released in mid-February.
China overtook large European nations in a shift in voting power at the World Bank on Sunday that was designed to give emerging economies greater influence in the global development institution.
Brewing giant SABMiller beat forecasts as it reported a 2 percent rise in fourth-quarter worldwide underlying beer volumes on Tuesday as emerging markets like Latin America and Africa started to recover.
The Chilean journalist, Mónica González Mujica, a heroine of the struggle against dictatorship in her country, has been named laureate of the 2010 UNESCO/Guillermo Cano World Press Freedom Prize.
The global space business grew to $261.6 billion in 2009, expanding 7 percent from 2008 and 40 percent over the past five years at a time when other industries were slammed by recession, according to a report released Monday by the nonprofit Space Foundation.
The livestock industry and the federal government are allocating $5 million for the research on foot and mouth disease overseas, rather than importing the live virus.
Hundreds of thousands of soccer fans are likely to get their first taste of live 3D viewing during this year's World Cup, the vast majority of them in cinemas rather than at home, according to football body FIFA.
British mobile telecoms group Vodafone said it will launch the Opera Mini browser on low-cost handsets so its millions of users in emerging markets can easily access the Internet, lifting Opera's shares.
European industry bodies urged European Union regulators on Wednesday to prevent unfair competition and excessive pricing of iron ore, saying it could hamper economic recovery in Europe.
Will South Africa increase its stake in platinum group metals (PGM) industry following a green signal from an advisory body? A totally black-owned company KIO Advisory Services recently said that the country should raise its involvement in the PGM industry in order to achieve transformation. And, if that happens, there is a chance of big changes in South Africa's mining sector. Even gold, and platinum and other precious metals' prices may also see some changes following this.
Top Indian telecoms firm Bharti Airtel said it had tied up the entire financing requirement of $8.3 billion for its planned buy of Kuwaiti telecom Zain's African assets, in a sign of progress as the deadline for the firms' talks expire next week.
Top Indian telecoms firm Bharti Airtel said on Sunday it had tied up the entire financing requirement of $8.3 billion for its planned acquisition of Kuwaiti firm Zain's African assets.
