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Aug 30, 2015

South Africa’s Kruger Park still a magnet for rhino poachers

PRETORIA (Reuters) – The poaching of rhinos has risen in South Africa’s Kruger National Park this year but is on the decline elsewhere in the country, Environment Minister Edna Molewa said on Sunday.

The Kruger Park, South Africa’s main tourist draw, is on the frontlines of a surge in rhino poaching for the animal’s horn to meet demand in countries such as Vietnam, where it is a coveted ingredient in traditional medicine.

Aug 26, 2015

Exclusive: South Africa mine industry job plan targets platinum as central bank reserve asset

JOHANNESBURG (Reuters) – South Africa’s mining industry, unions and the government have committed to a broad plan to stem job losses, including boosting platinum by promoting the metal as a central bank reserve asset, according to a draft agreement seen by Reuters on Wednesday.

The parties also said they would strive to delay lay-offs, sell distressed mining assets instead of closing them, and look at ways of streamlining the legal process which employers must follow to cut jobs.

Aug 26, 2015

South Africa mine industry job plan targets platinum as c.bank reserve asset

JOHANNESBURG, Aug 26 (Reuters) – South Africa’s mining
industry, unions and the government have committed to a broad
plan to stem job losses, including boosting platinum by
promoting the metal as a central bank reserve asset, according
to a draft agreement seen by Reuters on Wednesday.

The parties also said they would strive to delay lay-offs,
sell distressed mining assets instead of closing them, and look
at ways of streamlining the legal process which employers must
follow to cut jobs.

Aug 25, 2015

Africa’s squandered commodity boom erodes U.S. trade promise

JOHANNESBURG/DAKAR (Reuters) – A fresh U.S. trade pact could provide relief to African economies buffeted by the commodities slump but a failure to reform during the boom years has left many countries unable to profit from tariff-free access to the world’s largest market.

In an effort to boost trade under the African Growth and Opportunity Act (AGOA), renewed by Congress for a decade in June, representatives from 39 African countries will hold talks with U.S. officials in oil-rich Gabon this week.

Aug 14, 2015

CSI Kruger: forensic teams scour rhino killing scenes

KRUGER NATIONAL PARK, South Africa (Reuters) – The killers struck under the light of a full moon, bringing their quarry down with a heavy caliber rifle at close range.

The victim was a young black rhino in South Africa’s Kruger National Park. The shots that rang out alerted rangers, who rushed to the area, killing one of the poachers in a shootout. The dead man’s accomplices got away.

Aug 6, 2015

S.Africa’s Sibanye Gold seeks to buy coal mine for power

JOHANNESBURG, Aug 6 (Reuters) – South Africa’s Sibanye Gold
is looking to buy a coal mine to help provide power, it
said on Thursday, as it strives to reduce its dependence on
unreliable supplies from state-run utility Eskom.

Chief executive Neal Froneman said the company needed more
than the 3 billion rand ($235 million) solar-powered plant it
has already said it is building to cope with electricity
shortages that force Eskom to impose rolling power cuts.

Aug 4, 2015

Delicate operation shifts one-tonne rhino out of poaching hotspot

KRUGER NATIONAL PARK, South Africa (Reuters) – As a helicopter hovers above, men emerge from the bush, using rope to haul a one-tonne male white rhino they have sedated with a dart fired from the air.

   The animal is one of hundreds to be moved from “hotspots” in South Africa’s Kruger National Park where they are at risk from soaring demand for rhino horn.    ”Our priority is to move the animals from ‘hot spots’ near the boundary fence,” said Markus Hofmeyr, the head vet for South African National Parks.

Jul 30, 2015

Lonmin: victim of price falls and management wobbles

LONDON/JOHANNESBURG, July 30 (Reuters) – Platinum producer
Lonmin is facing its deepest crisis to date, hurt by a
downturn in the metal and haunted by a mixture of bad luck and
debatable management choices that are putting its survival at
risk.

Times are tough for everyone in the platinum sector.

Producers are squeezed between soaring costs and a rout in
platinum prices to lows not seen since the 2008 financial crash.

Jul 28, 2015

Mozambique coal: boom to bust to wait it out

MAPUTO, July 28 (Reuters) – Mozambique’s coal rush is
officially over and the government is now looking offshore to a
gas bonanza, according to analysts at a coal conference this
week in the capital Maputo.

Just a few years ago, billions of dollars poured into
Mozambique, one of the world’s poorest nations, in a twin
scramble for inland coal and offshore gas.

Jul 27, 2015

Mozambique port accident deals blow to Vale coal project -sources

MAPUTO, July 27 (Reuters) – A coal stacker has collapsed at
the Mozambique port of Nacala, dealing a blow to Brazilian miner
Vale’s effort to start coal shipments from the
African nation in the third quarter, sources told Reuters on
Monday.

The giant piece of machinery, which is used to handle coal
and other bulk materials, buckled last week, according to a
mining industry source with knowledge of the situation.

    • About Ed

      "I cover commodities in southerrn Africa, a region that I have returned to after spending over four years covering religion, politics and the Great Recession in America. I am a Canadian citizen and grew up in Nova Scotia."
      Joined Reuters:
      1995
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