A century ago, it was the explorers and infantrymen of Europe's great powers slugging it out for slices of Africa. Now, it is the agents of Chinese and Brazilian capital, but the competition is just as fierce.
Commodities trader Glencore is not considering a bid for embattled miner ENRC, its chief executive said, dismissing reports of a takeover after it disappointed the market with its maiden first-quarter results.
Glencore is not actively considering a bid for embattled rival ENRC, its chief executive said, dismissing reports of a bumper offer as the commodities trader reported a jump in maiden quarterly earnings.
Commodities trader Glencore will report its first quarterly results on Tuesday, with investors hoping market volatility boosted trading profit and helped offset the impact of bad weather on output.
Congressman Anthony Weiner, the scandal plagued lawmaker who admitted to conducting several extramarital conversations with at least six women over 3 years told top Democratic officials he will seek treatment.
Congressman Anthony Weiner, the scandal plagued lawmaker who admitted to conducting several lewd and inappropriate extramarital conversations with at least six women over 3 years told top Democratic officials he will seek treatment and leave of absence from House.
Some prominent American universities and pension funds, among other wealthy foreign investors, are allegedly purchasing huge tracts of land in Africa -- acts that may lead to the eviction of thousands of local farmers, according to a study by the Oakland Institute (Oakland Institute), a California-based think tank.
Zambia has asked commodity trader Glencore's Mopani Copper Mines for unpaid taxes after an audit of the subsidiary, leaked earlier this year, said it had underpaid mining dues, the country's finance minister said.
United States secretary of state Hillary Clinton will attend an international meeting next week to talk about the situation in Libya, as NATO seeks to accelerate the campaign to end his rule.
Barrick Gold Corp said on Monday it had struck a deal to buy Australian copper miner Equinox Minerals for more than C$7 billion ($7.36 billion), topping a takeover offer by China's Minmetals Resources by 16 percent.
As the Libyan inferno continues to elicit China's muted response punctuated by its anti-NATO stand, it has, however, evoked multiple questions about its underlying motivation.
Mozambique's Nacala Development Corridor (CDN) plans to invest $200 million to upgrade its port at Nacala and raise capacity to 16 million tonnes of cargo in 2030 from 1.5 million tonnes, a CDN official said on Wednesday.
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.
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.
Zambia expects to produce more than 2.8 million tonnes of maize in the current 2010/2011 season, a slight increase from the 2.7 million tonnes reaped last year, the minister of agriculture said on Thursday.
Zambia's economy is expected to grow 6.5 percent this year and 6.6 percent next year on the back of a rally in copper prices and improvements in agriculture, a Reuters poll of 12 economists showed on Thursday.
The Lusaka Stock Exchange said on Monday it had rejected a move by Indian group Bharti Airtel's to delist its Celtel Zambia unit, without giving a reason.
Zimbabwe is an important ally to China and Beijing will seek to further strengthen ties, Chinese Foreign Minister Yang Jiechi said of a country isolated by the West under President Robert Mugabe's rule.
Zambia expects its power generation capacity to rise to over 3,000 megawatts by 2016 and plans to export the surplus electricity to its neighbours, the chairman of state power firm Zesco told Reuters on Wednesday.
Resource-rich African governments risk unrest if they hold back the benefits of soaring global commodity prices from their own people, delegates to a major mining conference were told on Wednesday.
Kenya's biggest sugar miller, Mumias Sugar Company on Monday forecast it could earn 2 billion shillings from a new ethanol distillation plant once it is in production next year.
Yunnan Copper Industry (Group), China's third-biggest producer by capacity, added 100,000 tonnes of annual refining capacity this week in Guangdong province.
