Business

Barrick Gold withdraws from talks with Chinese firm for Africa unit sale

barrickBarrick Gold has withdrawn from talks with the China National Gold Group regarding the US$2.32bn sale of its African unit

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ZCCM-IH announces operating profit for 2011

Konkola copper mineZambia Consolidated Copper Mines Investments has disclosed an operating profit of US$100.7mn in 2011 from 8.9mn in 2010 as a result of a favourable economic environment and high commodity prices

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Kenyan Coca-Cola bottling plants enter into merger deal

cocke  S1m0nB3rryCoca-Cola bottling plants in Kenya's Nyeri town, Rift Valley and the city of Kisii have entered into a merger deal that will see the total value of all three businesses rise by 26 per cent

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Hanlong Group to acquire iron ore mine in central Africa

sundanceChina-based Hanlong Group's planned takeover of Australian mining company Sundance would lead it to take control of an iron ore mine in central Africa

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Oando to acquire Nigerian business of ConocoPhillips

walethimbuNigerian energy group Oando has announced that its affiliate Oando Energy Resources (OER) has entered into a deal with ConocoPhillips (COP) to acquire COP’s Nigerian business interests

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