MUMBAI, Sept 5 (Reuters) - India's Jindal Steel Power Ltd will spend about $100 million over two to three years to develop a coal mine in Botswana that it is acquiring through its purchase of Canada's CIC Energy Corp, a company official said on Wednesday. Jindal agreed to buy the Canadian company in July for $115 million in cash, mainly for its holding in Mmamabula coal … [Read more...] about India Jindal Steel to use coal for power in Africa after CIC buy
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S.Africa’s Implats gets new wage demand from AMCU
JOHANNESBURG, Sept 5 (Reuters) - South Africa's Impala Platinum, the world's second-largest platinum producer, said on Wednesday it had received fresh wage demands from the militant Association of Mineworkers and Construction Union (AMCU). Implats spokeswoman Alice Lourens said she could not disclose details. A turf war between AMCU and the National Union of Mineworkers … [Read more...] about S.Africa’s Implats gets new wage demand from AMCU
UPDATE 2-Strikers march at South Africa’s Marikana mine
* Biggest miners' march since Aug. 16 shootings * Armed police monitor demonstration * March casts shadow over mining "peace" talks By Peroshni Govender MARIKANA, South Africa, Sept 5 (Reuters) - More than 3,000 striking South African miners marched through streets near Lonmin's Marikana mine on Wednesday, the largest protest at the hot spot since police … [Read more...] about UPDATE 2-Strikers march at South Africa’s Marikana mine
ANALYSIS-S.Africa’s mining crisis may lead to more unrest
* Wages low, but mining firms can ill afford steep hikes * Wildcat strikes may cut output, force more shaft closures * Job cuts could lead to more unrest By Ed Stoddard JOHANNESBURG, Sept 5 (Reuters) - South Africa's mining industry is being sucked into a vicious circle as labour unrest spreads from platinum to gold with steep wage demands neither sector can … [Read more...] about ANALYSIS-S.Africa’s mining crisis may lead to more unrest
Diversity-hunters get more emerging debt choice
By Carolyn Cohn LONDON, Sept 5 (Reuters) - International investors who have long complained of limited choice in emerging market assets are now finding that local currency debt markets from Nigeria to China are becoming more accessible. The local debt of South Africa and Nigeria is expected next month to enter indices tracked by global and emerging market debt … [Read more...] about Diversity-hunters get more emerging debt choice
