Off The Wires

Zambia expects $1bn in China deals at summit

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Zambia hoped to clinch $1bn worth of investment from China at this week's China-Africa summit in Johannesburg.

Kumba may cut output as iron ore heads lower

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Kumba Iron Ore may be forced into more production cuts as prices for the mineral head below its $45/t break-even.

Motsepe, Dangote to join $2bn clean energy fund

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Patrice Motsepe and Aliko Dangote were among the billionaires to donate $2bn towards clean energy research at the COP21 climate talks in Paris.

Trafigura to shut flagship hedge fund

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Commodities trader, Trafigura, is to close its flagshp Galena Metals Fund owing to the continued slump in metal prices.

Citigroup bullish on metals from end-2016

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Citigroup, a bank, believed there would be a recovery in metals, oil and possibly agriculture by 2017 as supply tailed off amid a slump in commodity prices.

Petra, Ekapa to buy De Beers asset for R102m

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Petra Diamonds and Ekapa Mining are to jointly buy the Kimberley Mines tailings retreatment operations from De Beers for R102m.

CoAL allowed to change R1.29bn Universal bid

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Coal of Africa said it was granted permission by the Australian listing authorities to vary the conditions of its R1.29bn bid for Universal Coal.

African Minerals facing UK law suit

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Leigh Day is to sue African Minerals on behalf of 142 claimants who lived in villages near the mining firm's Sierra Leone mine.

Nhleko quits Anglo to focus on SA business

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Phuthuma Nhleko, the founder of Pembani Group, has resigned from the board of Anglo American where he was a non-executive director.

Resgen appoints interim CEO after coup

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Resource Generation, a coal development firm, said it had appointed Robert Lowe as its interim CEO following the resignation of Paul Jury on November 26.