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Eskom keeps investors in the dark as debt speculation mounts 

By: Bloomberg     22nd May 2019 As speculation swirls about plans to deal with Eskom Holdings’ crippling debt load, one group of stakeholders hasn’t been consulted – owners of the company’s R243-billion of bonds. South Africa’s State-owned power utility is groaning under almost R500-billion of bond and loan debt, according to... 

Zimbabwe got loan from Afreximbank using platinum collateral

By: Bloomberg     21st May 2019 Zimbabwe secured a $500-million loan from the African Export-Import Bank to try and stabilize its currency market by offering platinum production as collateral, a person familiar with the details of the agreement said. The Reserve Bank of Zimbabwe on Saturday announced on Twitter that the money... 

Bacanora to bring in China’s Ganfeng as partner in Mexico lithium project

By: Simone Liedtke     20th May 2019 Aim-listed Bacanora Lithium has signed a non-binding heads of terms with China lithium producer Ganfeng for a strategic investment in both the company and its flagship Sonora lithium project, in Mexico. Completion of the strategic investment would form a major part of Bacanora’s finance package... 

Ivanhoe receives additional C$679m investment

By: Simone Liedtke     15th May 2019 Co-chairpersons of TSX-listed Ivanhoe Mines, Robert Friedland and Yufeng Sun, on Wednesday announced that Citic Metal, through a subsidiary, is investing an additional C$612-million in Ivanhoe at C$3.98 a share. Zijin Mining Group has now also fully exercised its antidilution rights, also at... 

Military stake stymies $4bn Zimbabwe platinum project  

By: Bloomberg     15th May 2019 A plan to build Zimbabwe’s biggest platinum mine at a cost of about $4-billion is floundering because a military stake in the project has deterred potential backers, according to people familiar with the funding discussions. The African Export-Import Bank has the mandate to raise money for the... 

Savannah eager to benefit from France, Germany battery consortium

By: Marleny Arnoldi     14th May 2019 Aim-listed Savannah Resources has welcomed France and Germany’s establishment of a European cross-border battery cell consortium. The consortium aims to develop next-generation batteries for electric vehicles.  

Oz Minerals to loan-carry Minotaur to production

By: Esmarie Iannucci     14th May 2019 Copper/gold miner Oz Minerals and fellow listed Minotaur Exploration have struck a number of agreements over Minotaur’s tenement holdings in Queensland. Following Oz Minerals obtaining a 70% interest in the Eloise copper/gold joint venture (JV), by investing A$10-million in the project, the two... 

Global energy investment out of step with security of supply, climate needs  

By: Terence Creamer     14th May 2019 A new report on global energy investment in 2018 points to an ongoing misalignment between approved expenditure on new fuel and power projects and meeting the twin goals security of supply and decarbonisation. The International Energy Agency’s (IEA’s) ‘World Energy Investment 2019’ report,... 

Afreximbank Regional COO to address Supply Chain Conference 22 May

14th May 2019 The African Export-Import Bank (Afreximbank) was established in 1993, and South Africa joined the bank as a shareholder in 2017. The Bank’s SA Trade and Investment Promotion Programme (SATIPP) announced in 2018 makes available $1 billion in trade finance to South African enterprises, and is... 

Bids open for Optimum, Koornfontein coal mines

By: Marleny Arnoldi     10th May 2019 The business rescue practitioners (BRPs) for the Optimum coal mine and the Koornfontein mines have put the assets back up for sale. The BRPs, along with major creditors, have set the closing date for the structured sales process at June 18.  

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