Angola Renews Reforms, to Privatize More Than 70 State-Owned Companies 

  Angola Renews Reforms, to Privatize More Than 70 State-Owned Companies Angola plans to privatize 74 state companies over the next few years, predominantly those in the industrial sector, according to the prospectus sent to investors as part of the country’s Eurobond issuance. Africa’s second-largest crude producer has been battered by a fall in the price…

Kinros Gold Miner Reels From ‘Resource Nationalism’ in Ghana and Mauritania

    Kinros Gold Miner Reels From ‘Resource Nationalism’ in Ghana and Mauritania  Kinross Gold is the latest miner to be hit by changing policies in Africa as governments seem increasingly willing to upend historic deals with foreign companies in their quest for more mining revenue. Mauritania’s rejection of a key permit to expand a Kinross project, and a proposed mining code review…

Glencore’s Penchant for Murky Business Could Unravel in DR-Congo

  Glencore’s Congo Mining Conundrum Miner and commodities trader Glencore is embroiled in a legal tangle over its copper and cobalt operations in Democratic Republic of Congo, where conflict and changes to regulations have deterred many mining firms. US sanctions on Glencore‘s former Israeli partner in Congo have been a trigger for litigation. At the same time, relations with the Congolese authorities are under strain from a dispute…

Boosting Rural Agriculture and Food Security and Political Stability in Cote d’Ivoire

Boosting Rural Agriculture and Food Security and Political Stability in Cote d’Ivoire The International Fund for Agricultural Development (IFAD) and Cote d’Ivoire have today signed a financial agreement aimed at helping rural farmers add value to their products. A loan of $18.5 million from the International Fund for Agricultural Development (IFAD), is set to benefit and…

Congo Must Rewrite Mining Code to Protect Exemptions–Miners

Congo Must Rewrite Mining Code to Protect Exemptions–Miners International mining companies have insisted that Democratic Republic of Congo amend portions of a new mining code to respect exemptions they were granted by its predecessor. The companies announced last week that they had submitted a formal proposal to the government but the document itself, seen exclusively by Reuters on Thursday, takes a…

Will Randgold Survive Its Multi-Front African Mining Travails?

Will Randgold Survive Its Multi-Front African Mining Travails?  Randgold Resources’s celebrated ability to operate in Africa is being tested on all fronts, and it’s taking a toll on the London-listed gold miner’s stock. For most of the last decade, Randgold shares were the best performers among gold miners tracked by Bloomberg. Now they are among the worst in the industry, sinking 20%…