The Democratic Republic of Congo, Africa’s biggest copper producer, told miners to halt any project expansion requiring more power amid a shortage that will take years to resolve, according to government documents.
Mumias Sugar Co., Kenya’s biggest processor of the sweetener, rose to a seven-week high after an African trading block supported the nation’s bid to extend a cap on the quantity of duty-free imports of the commodity.
A housing shortage near Chevron Corp.’s residential compound in Cabinda province of Angola, Africa’s second-largest crude oil producer, is driving a construction boom as more than a decade of peace following a civil war lessens the need for fortified dwellings.
AngloGold Ashanti Ltd., the world’s third-largest producer of the metal, withheld a dividend for the second half of 2013 even as it increased annual production for the first time in nine years and lowered costs.
China’s Long March Capital Ltd., which partners with Citic Group Corp., is considering buying South African platinum assets after their value was depressed by strikes, the company’s Managing Partner Clement Kwong said.