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Dec 9, 2011

Ancient human bedding used for pest control

JOHANNESBURG (Reuters) – Almost 80,000 years before humans began using chemical sprays to control insect pests, Africans were using mattresses made from bug-repelling plants to ensure a good night’s sleep.

The finding, published in the journal Science on Friday, derives from 77,000-year-old plant bedding found in a cave in South Africa’s KwaZulu Natal province. The find is 50,000 years older than any previous prehistoric beds discovered.

Dec 9, 2011

Loophole in blood diamond monitoring scheme exposed

JOHANNESBURG/LONDON (Reuters) – It was hailed as a way to make it possible to buy a diamond ring for your sweetheart free from worry that you were funding civil wars and rights abuses.

But the efficacy of the Kimberley Process has been thrown into doubt by a diamond field operating under a recognised government, not a rebel army, that is widely criticised for abuses of its own.

Dec 9, 2011

Analysis: Loophole in blood diamond monitoring scheme exposed

JOHANNESBURG/LONDON (Reuters) – It was hailed as a way to make it possible to buy a diamond ring for your sweetheart free from worry that you were funding civil wars and rights abuses.

But the efficacy of the Kimberley Process (KP) has been thrown into doubt by a diamond field operating under a recognized government, not a rebel army, that is widely criticized for abuses of its own.

Dec 9, 2011

Scientists say ancient human bedding used for pest control

JOHANNESBURG (Reuters) – Almost 80,000 years before humans began using chemical sprays to control insect pests, Africans were using mattresses made from bug-repelling plants to ensure a good night’s sleep.

The finding, published in the journal Science Friday, derives from 77,000-year-old plant bedding found in a cave in South Africa’s KwaZulu Natal province. The find is 50,000 years older than any previous prehistoric beds discovered.

Dec 5, 2011

Gold Fields says $1 bln Ghana investment at risk

JOHANNESBURG, Dec 5 (Reuters) – Gold Fields
Chief Executive Nick Holland said planned projects that could
bring $1 billion in investment to Ghana were at risk because of
looming tax changes outlined in the west African nation’s budget
last month.

Ghana’s government plans to raise the corporate mining tax
to 35 percent from 25 percent and introduce a 10 percent
windfall tax as well.

Nov 9, 2011

AngloGold Q3 earnings beat forecast

JOHANNESBURG, NOV 9 (Reuters) – AngloGold Ashanti ,
the world No. 3 gold miner, reported record-breaking
third-quarter earnings on Wednesday, beating forecasts as
bullion’s bull run filled its coffers.

The average gold price was up about 13 percent to just over
$1,700 an ounce during the quarter to the end of September
compared to the previous one.

Nov 4, 2011

Uganda to offer over 10,000 sq km for oil bids

CAPE TOWN, Nov 4 (Reuters) – Over 10,000 sq km with “high
petroleum potential” has been relinquished in Uganda and will
soon be available for relicencing along with unlicenced areas in
a competitive bidding process, an Africa oil conference heard on
Friday.

The discovery of commercially viable oil reserves in
land-locked Uganda which are estimated to amount to 2.5 billion
barrels has been a game-changer for the east African region and
sparked a fresh hydrocarbon scramble on the world’s poorest
continent.

Oct 31, 2011

Harmony Gold Q1 jumps three-fold on bullion’s surge

JOHANNESBURG, Oct 31 (Reuters) – Harmony Gold ,
South Africa’s third-largest gold producer, posted a more than
three-fold increase in quarterly earnings on Monday, beating
expectations as bullion’s record run and a weaker rand combined
to lift its profits.

Production was flat for the quarter, hampered by a crippling
five-day strike, and analysts said the miner needs to ramp up
output to meet its full-year target.

Oct 28, 2011

Africa’s oil scramble heads east to uncertain waters

JOHANNESBURG (Reuters) – Africa’s new scramble for oil is heading east, where the potential could be huge but the risks are far higher than in the well-established sector on the continent’s west coast.

Waters off East Africa have yet to produce a commercially viable oil source but gas discoveries off Mozambique and Tanzania have prompted lots of interest.

Oct 27, 2011

South African youth leader heads march against poverty

JOHANNESBURG (Reuters) – South Africa’s firebrand youth leader Julius Malema marched 2,000 young black South Africans through the streets of Johannesburg Thursday, demanding the part nationalisation of the country’s mines and seizure of white-owned farms.

Malema, head of the African National Congress (ANC) Youth League, challenged President Jacob Zuma’s government to do more to tackle the chronic unemployment blighting the continent’s biggest economy that is controlled by the white minority.

    • 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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