Africa & Middle East

South Africa’s Harmony Gold (JSE:HAR) (NYSE:HMY) announced Tuesday that an employee was fatally injured in an engineering related accident while performing maintenance work at Unisel mine near Welkom on Saturday, April 4.   The company said production at the mine, which produced 59,093 ounces of gold in 2014, has been…
  Two gold refineries will be constructed in Zambia next year and this will enable the country to export processed gold, Minister of Mines Energy and Water Development Christopher Yaluma has said.   The Minister has added that the government was in advanced stage of talks with investors interested in…
Nigeria is bound to lose an approximate amount of US$ 25bn in the coming one year if they fail to recover from slumping oil prices.   With the oil per barrel price standing at US$ 68.53 currently against June’s US$ 101.64, the loss of revenue would be US$ 33.11 per…
Sonangol, the state-owned oil company has finally managed to transport petrol and diesel oil to the eastern provinces of the country by rail, as an alternative route to transporting the commodities. The fuel has now successfully reached the Lunda Norte, Lunda Sul and Moxico provinces in addition to reaching the…
Rwanda is planning to construct a new petroleum storage facility that will have capacity to store 21 million liters – a move that will help boost the overall national reserve that currently stands at 30 million litres.   The new facility will also aid in the country’s transportation and importation…
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