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Africa

Konkola Miners

Zambian government at odds with Konkola Copper Mines

Issues over tax payments and retrenchment of workers caused Konkola Copper Mines to seek court intervention.

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Royal Dutch Shell Plc

Royal Dutch Shell to drill wells off South African coast by next year

Royal Dutch Shell South Africa GM Jan Willem Eggink confirmed the well drilling as well as the conduct of an environmental impact study.

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Anglo American Plc company logo

Anglo American's Kumba unit seeking agreement on raw materials

Exclusive rights to supply material provided by Anglo American Plc's formalized.

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G4S guard on shift

G4S to divest poor-performing units, lay off workers in bid to regain market share - report

G4S Chief Executive Ashley Almanza had launched several company restructuring moves, including a divestment of its 35 business units.

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Diageo

Diageo rebottles spirits for African market

The use of smaller 20 centiliter bottles is sought to be the key to cornering the emerging African market.

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Tesla

Deals of the day

The following bids, mergers, acquisitions and disposals were reported on Thursday.

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ConocoPhillips

ConocoPhilips estimates gains from oil asset sales to reach USD8.9 billion

ConocoPhillips sold various oil assets located in Northern America, Asia and Africa.

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Longyuan

Longyuan wins bid, will build wind farms in South Africa

Beijing-based wind farm operator China Longyuan Power Group Corp won a bid to jointly develop wind farms with local companies in South Africa.

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Marathon Oil Corp

Libya exercises right of first refusal over Marathon Oil's shareholdings in Waha Oil

In nixing the deal to allow the exit of Marathon Oil, a below market offer would be made shortly by the Libya owned NOC for the shareholdings.

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Ophir Energy

Tanzania asset sale boosts value of Ophir Energy

News about Ophir's asset sale in Tanzania caused the oil and gas explorer's shares to rise.

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Dubai Financial Markets

Abu Dhabi-Dubai bourse merger will form a market powerhouse - official

According to UAE Financial Markets Association President Mohammed Al Hashemi, the potential merger of the Dubai Financial Markets and Abu Dhabi Securities Exchange would create opportunities to boost investor capital in the United Arab Emirates.

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Chamber of Mines Zimbabwe

Zimbabwe needs a USD5.3 billion investment and stable policy to boost platinum output - report

A Chamber of Mines report said with enough investment and stable mining policies, South Africa could compete with Russia for the recognition as the second largest platinum producer.

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Africa Food

Ghana to receive first Deere-DuPont-Buffett Foundation grant

The partnership of Deere Co., DuPont Co., and the Howard G. Buffett Foundation would undergo its first project in Ghana's cocoa production region.

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Naivas

Naivas ends talks with Wal-Mart

Kenyan retailer Naivas said that it had ended its talks with Massmart, a Wal-Mart Stores Inc. subsidiary in East Africa.

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Guinea

Chalco to divest shares in Guinea venture with Rio Tinto

The Aluminum Corporation of China Ltd or Chalco had announced the sale of its shareholdings in the Guinea venture with Rio Tinto.

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