JOHANNESBURG Oct 31 (Reuters) - Forbes Manhattan Coal said on Wednesday it has suspended all operations at its Magdalena and Aviemore underground mines in South Africa after a worker died in a strike-related incident. "We have taken a decision to suspend all operations until such time as deemed safe and appropriate," Chief Executive Stephan Theron said in a statement. … [Read more...] about Forbes & Manhattan Coal halts operations in S.Africa
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PRECIOUS-Gold firms as Wall Street re-opens; set for monthly dip
* Stocks edge up as Wall Street reopens after two days * Traders focus on Friday's U.S. non-farm payrolls * Gold importers in India await lower prices By David Brough and Jan Harvey LONDON, Oct 31 (Reuters) - Gold prices rose nearly 1 percent to their highest in a week on Wednesday as stock markets firmed as the New York financial markets re-opened, but were … [Read more...] about PRECIOUS-Gold firms as Wall Street re-opens; set for monthly dip
Zimbabwe says IMF move can help it pay off huge debts
By Nelson Banya HARARE Oct 31 (Reuters) - Easing of IMF restrictions on Zimbabwe should help it to clear its mountain of defaulted debt and pave the way for foreign investment, Finance Minister Tendai Biti said on Wednesday. The International Monetary Fund on Tuesday relaxed restrictions on technical assistance to Zimbabwe, a major step towards normalising relations … [Read more...] about Zimbabwe says IMF move can help it pay off huge debts
Lonmin job cuts could bring more unrest in South African mines
By Sherilee Lakmidas JOHANNESBURG Oct 31 (Reuters) - Lonmin management and workers appeared on Wednesday to be shaping up for a new battle after the strike-hit mining company said jobs would be cut. The world's third largest platinum producer, Lonmin is scrambling to get back on its feet after a violent six-week strike at its Marikana mine that crippled production … [Read more...] about Lonmin job cuts could bring more unrest in South African mines
UPDATE 1-Nigeria’s Starcomms gets $210 mln from investment group
* Deal involves merger of three Nigerian telecom firms * Aims to create national broadband internet firm * Deal requires shareholders' and regulatory nod (Adds details, background) LAGOS, Oct 31 (Reuters) - Nigeria's Starcomms has agreed a $210 million investment deal with investor group Capcom Limited for a 90.5 percent stake in the telecom business, the … [Read more...] about UPDATE 1-Nigeria’s Starcomms gets $210 mln from investment group
