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Archive for December, 2009

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AngloGold, Randgold increase interest in Moto project

Wednesday, December 23rd, 2009

AngloGold Ashanti announced in a statement yesterday that, together with Randgold Resources, it has completed the transaction to acquire a further 20% stake in the Kibali Gold Project (formerly the Moto Gold Project).

OPEC agrees to maintain current output

Tuesday, December 22nd, 2009

At the 155th meeting of the Organization of Petroleum Exporting Countries (OPEC) Conference held on Tuesday in Luanda, Angola, the organisation agreed to keep production targets at their current level and maintain quotas at 24.845 million barrels a day.

Golden Star Resources announces completion of bond issue

Friday, December 18th, 2009

Golden Star Resources announced yesterday that they have successfully closed their previously announced offering of 20 million common shares.

Pick n Pay strike saga gets uglier

Thursday, December 17th, 2009

SA retailer Pick n Pay chairman Raymond Ackerman has blasted allegations of racism within the company, insisting that while the company was “not perfect”, its anti-apartheid record spoke for itself.

Standard Bank announces carbon agreement

Thursday, December 17th, 2009

In an emailed statement, Standard Bank announced today that it has signed an agreement with China’s GD Power Development Co Ltd (Guodian Power) for a carbon emission reductions purchase from three hydropower projects in China.

Africa investor confirms Zambian Minister of Tourism, Environment and Natural Resources for its Tourism Investment Summit in Harare

Tuesday, December 15th, 2009

Harare, Lusaka, Johannesburg, 15 December 2009:

Australia to provide Zimbabwe with $5 million

Tuesday, December 15th, 2009

The Sydney Morning Herald reported yesterday that Australia will provide Zimbabwe with $5 million in business grants.

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