IBTimes Australia : Mozambique Topic

StanChart plans to open in Mozambique next year

Fri, 10 May 2013 02:28:01 +1000

Standard Chartered wants to open its first branch in Mozambique next year, part of an aggressive expansion campaign that will help double revenues from its African business over the next five years, an official said on Thursday.

Poachers Drive Rhino to Extinction in Mozambique

Thu, 02 May 2013 02:15:47 +1000

South Africa considering re-erection of border fences to stop incursions into Kruger National Park from Limpopo.

Heathrow Death Plunge Stowaway Named as Jose Matada

Fri, 12 Apr 2013 03:02:50 +1000

Seven months after man fell from inbound plane on to suburban street in Mortlake police identify him as Mozambican stowaway.

Anadarko, Venugopal Dhoot Launch $4.5 Billion Mozambique Gas Sale: report

Tue, 05 Mar 2013 18:40:39 +1100

U.S. oil and gas explorer Anadarko Petroleum Corp (APC.N) and Indian billionaire Venugopal Dhoot have launched the auction of a 20 percent stake in a Mozambique gas field that could fetch $4.5 billion, sources familiar with the matter told Reuters.

Chris Lynch named new CFO at Rio Tinto

Mon, 04 Mar 2013 12:23:39 +1100

On the 28th of February, Rio Tinto Plc informed that Chris Lynch, a former BHP Billiton Ltd. executive, was named its new chief financial officer. Chris Lynch will replace the much-respected and committed employee Guy Elliot who informed about his intention to step down back in July 2012.

London eyes boost from African listings

Sat, 02 Mar 2013 03:49:02 +1100

The London Stock Exchange expects an increase in new listings from African companies this year as businesses in the continent's fast-growing economies seek to attract foreign investors.

African leaders sign deal to end eastern Congo conflict

Sun, 24 Feb 2013 21:14:02 +1100

A U.-mediated peace deal aimed at ending two decades of conflict in the east of the Democratic Republic of Congo was signed on Sunday by leaders of Africa's Great Lakes region in the Ethiopian capital Addis Ababa.

African leaders sign U.N.-mediated Congo peace deal

Sun, 24 Feb 2013 20:21:02 +1100

A U.N.-mediated peace deal aimed at ending two decades of conflict in the east of the Democratic Republic of Congo was signed on Sunday by leaders of Africa's Great Lakes region in the Ethiopian capital Addis Ababa.

Work in Poor African Nations Spurred Harvard Graduate Leila Janah to Give Back Through Samasource

Fri, 22 Feb 2013 16:20:57 +1100

At a time when even tech giants such as Dell are downsizing because of the weak business environment, a U.S.-based company that logged a 400 per cent increase in accounts the past 12 months is certainly impressive and truly blessed. Samasource, founded in 2008 by Harvard graduate Leila Janah, is a leading provider of data and content services.

Sensex Posts Biggest Fall in Seven Months; Banks Hit

Thu, 21 Feb 2013 22:55:12 +1100

The BSE Sensex posted its biggest fall since July 2012 as banking stocks such as ICICI Bank(ICBK.NS) fell a day after RBI data showed loan growth was still a concern and on weakness in global shares due to worries over Fed slowing its bond-buying programme.

BHP Billiton CEO Marius Kloppers Retires as Mining CEO Purge Continues

Wed, 20 Feb 2013 09:35:09 +1100

Kloppers becomes the fourth major mining executive to leave within the past six months.

Rio Tinto Sees First Annual Loss While CEO Walsh Gears up to Cut Costs

Mon, 18 Feb 2013 12:22:40 +1100

New Rio Tinto CEO Sam Walsh is gearing up to cut costs as the world's second largest mining company has just informed that it posted a $3 billion full-year loss.

U.N. says delayed Congo peace deal due to be signed February 24

Sun, 17 Feb 2013 08:21:02 +1100

A delayed U.N.-mediated peace deal aimed at ending two decades of conflict in the east of the Democratic Republic of the Congo is due to be signed in the Ethiopian capital Addis Ababa on February 24, the United Nations said on Saturday.

Indian Stocks to Look Out for on Jan 25

Fri, 25 Jan 2013 17:46:38 +1100

Indian Stocks to Look Out for on Jan 25

15,000 Crocodiles Escape from South Africa Farm

Thu, 24 Jan 2013 22:30:34 +1100

Crocodiles escape from Rakwena farm following heavy rain in the area.

Gina Rinehart: Rio (ASX: RIO) Board Should Share Blame for Aluminium Decisions

Mon, 21 Jan 2013 10:32:58 +1100

Although the firing of Tom Albanese on Thursday night caught Australia's mining industry by surprise, many industry observers agree his exit is good for Rio Tinto (ASX: RIO), the country's second-largest miner.

Rio Tinto CEO Albanese Steps Down After $14bn Write-down

Fri, 18 Jan 2013 12:14:47 +1100

On the 17th of January, Rio Tinto Plc, the world's second largest mining company, informed that its chief executive officer Tom Albanese would resign because of a $14 billion write-down on the value of assets which he supervised. The impairment charge is mainly associated with the $38 billion takeover of Alcan Inc. and the $4 billion coal purchase in Mozambique.

$14B Write-down Costs Tom Albanese Job, Sam Walsh is New Rio Tinto CEO

Fri, 18 Jan 2013 01:07:45 +1100

Australia's mining industry was rocked on Thursday night, not by volatile iron ore prices or another tax on resources, but by the sudden firing of Tom Albanese as chief executive of Rio Tinto (ASX: RIO).

Rio Tinto CEO Tom Albanese Sacked After Shock $14bn Writedown

Thu, 17 Jan 2013 18:35:26 +1100

Chairman says he's 'deeply disappointed' with news of $14bn impairment of two of group's key mining assets.

The Lion's Fading Roar: Declining West African Lion Population Hints at Grim Future

Mon, 14 Jan 2013 22:23:34 +1100

Chandrashekar Srinivasan looks at the sad decline of the lion population in west and central Africa, and the worrying trends which suggest extinction is not far away.

Vodafone and GSK link on African vaccines programme

Mon, 10 Dec 2012 19:14:02 +1100

British mobile phone group Vodafone and drugmaker GlaxoSmithKline are joining forces on a novel project to increase childhood vaccination rates in Mozambique using text messaging.

Canadian Explorer Pacific Wildcat Offloads Tantalum Assets In Mozambique

Wed, 19 Sep 2012 16:14:51 +1000

Canadian mineral exploration company Pacific Wildcat Resources Corp. (PAW) has sold its Muiane Tantalum mine assets in Mozambique to Muscadine Ltd.

Minerals Council Warns of 5% Contraction of Aussie Economy Due to Cost Crisis

Tue, 18 Sep 2012 09:29:45 +1000

A modeling released Monday by the Minerals Council of Australia warned of a 5 per cent contraction in the country's economy due to the cost crisis that threatens to halt mining mega projects. To counter the threat, the council pushed the federal government to commit to controversial policies to bring back its competitiveness.

Australian LNG Investments At Risk With Thriving African Gas Discoveries

Thu, 30 Aug 2012 15:35:33 +1000

Australia's much touted liquefied natural gas (LNG) boom may boomerang as not so much as a boom what with the flurry of natural gas discoveries being made in Africa right now. Moreover, the growing building costs in the country spurred by labour and material shortages further pose a threat to the situation.

KPMG Warns Aussie Miners to Enter Africa With Caution

Thu, 30 Aug 2012 15:27:17 +1000

While some Australian miners are considering foraying into Africa, KPMG is warning them to proceed at their own risk.

Vale SA Resumes Operations of Australian Coal Mine

Tue, 28 Aug 2012 17:21:03 +1000

Brazilian mining company Vale SA has resumed operations at its Carborough Downs coal mine, effectively lifting a declaration of force majeure, after a carbon monoxide leak forced the miner to suspend the operations of the mine on May 31 this year.

10 Overseas Territories You’ve Never Heard Of That You’ll Want To Visit

Sat, 25 Aug 2012 00:46:38 +1000

Stuck in the middle (both literally and figuratively), these overseas territories offer a tantalizing mix of the familiar and the exotic.

India Coal Imports Surge Due to Falling Global Prices

Thu, 23 Aug 2012 13:01:06 +1000

With prices of thermal coal in the international market almost hitting rock bottom, consuming nations such as power crisis stricken India are expected to jump on the opportunity to increase its imports of the raw commodity.

South African President Initiates Probe into 'Mine Slaughter'

Sat, 18 Aug 2012 16:49:56 +1000

Questions are being raised on the use of guns against the miners who were armed only with clubs and spears.

South Africa Explodes: 34 Dead, 78 Wounded At Platinum Mine Confrontation

Sat, 18 Aug 2012 03:10:38 +1000

Thirty-Four miners have been killed and another 78 wounded during a Thursday clash between striking miners and police officers at a platinum mine in South Africa.