Friday, August 24, 2018

India's Essar Group has won a bid to revive Zimbabwe's collapsed parastatal Zisco steelmaker, following a scramble for the shares of the beleagured firm.

A US court will rule on Potash Corp's request for a preliminary injunction against unsolicited suitor BHP Billiton, ahead of the November 18 deadline on the Anglo-Australian miner's $39bn tender offer.

Gold stocks have rallied on the back of international inflation fears, the record high price of the yellow metal and an attractive rand gold price.

World Bank President Robert Zoellick's call for a new global currency system with gold as a reference point highlights the depth of unease about a weakening dollar.

UPDATED: Leading economies have to consider readopting a modified global gold standard to guide currency movements, says World Bank president Robert Zoellick.

Gold hit another record around $1,394/oz before speculators cashed in, but an unpopular decision by the Federal Reserve could still spur buying.

Canada has blocked BHP Billiton's $39bn bid for Potash Corp, saying the deal would not benefit the nation.

Q&A: What will BHP Billiton, sitting on an estimated $11bn warchest, do to chase growth after Canada blocked its $39bn bid for Potash Corp?

Liberian President Ellen Johnson-Sirleaf has dismissed her cabinet in a move that will provide her a "fresh slate" for the next phase of her administration, her office says.

The head of the Chamber of Mines, Zoli Diliza, has blasted the "crude" ANC Youth League.