Michael Kavanagh News
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Danzer Group, a Switzerland-based wood processor, denied accusations by activist groups that one of its senior managers was responsible for human rights abuses in the Democratic Republic of Congo in 2011.
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Northam Platinum Ltd. fell the most in almost seven months in Johannesburg trading after giving striking workers until tomorrow to report for duty or face potential dismissal.
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Lonmin Plc appointed Ben Magara as chief executive officer as the third-biggest platinum producer seeks to rebuild following last year’s violent strikes.
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Officials from Democratic Republic of Congo and the International Monetary Fund will meet to discuss a mining deal that led the IMF to cancel loans to the country last year, Congo’s prime minister said.
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Sonangol EP, Angola’s state-owned oil company, and Democratic Republic of Congo’s Cohydro plan to develop a shared offshore oil block, Congolese Oil Minister Crispin Atama said.
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Impala Platinum Holdings Ltd., the world’s second-largest producer of the metal, said earnings probably rose as much as 42 percent on increased prices, beating analysts’ expectations.
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Soco International Plc , a U.K. oil company, may be forced to delay its search for crude in eastern Democratic Republic of Congo because of disagreements over the scope of the country’s environmental laws, the government said.
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A leader of a Congolese rebel group suspected of being involved in the rape of at least 303 civilians two months ago has been taken into custody, a United Nations peacekeeping official said.
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Russian steel output and prices will probably fall as the country’s producers lose their cost advantage over rivals because of cheaper raw materials, UralSib Financial Corp. said.
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Russian coking coal producers may raise domestic prices by $10 a metric ton, or 8 percent, after April 1, UralSib Financial Corp. said.
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