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Asanko achieves solid quarter at Ghana mine
Published: 19 Jan 18
A solid quarterly performance was recorded at NYSE-listed Asanko Gold’s eponymous mine in Ghana, which produced 51 550 oz in the fourth quarter of 2017. Asanko CEO Peter Breese on Thursday noted that this helped the company achieve its revised 2017 guidance, with full-year production of 205 047 oz.
Cool heads and cooperation needed to address WCape drought crisis – Agri SA Cool heads and cooperation needed to address WCape drought crisis – Agri SA
Published: 19 Jan 18
Cool heads and steady leadership are needed to mobile and support farmers and residents as south-western parts of  South Africa grapple with a drought-related water crisis, farm group Agri SA said on Friday. “As the threat of our water sources running dry begins to materialize, panic is beginning to set in. Cool heads and steady leadership are needed in times such as these,” Agri SA said in a statement.
Po Valley makes significant commercial gas discovery in Italy
Published: 19 Jan 18
Shares in Australia’s Po Valley Energy (PVE) surged on Friday, reaching an intraday high of 10c each, up from the previous day’s closing price of 4c each, following the news of significant commercial discovery at its new Selva gas field in northern Italy. By 16:00 in Sydney, the stock traded at 6.3c a share.
Aspire progresses path to feasibility for Nuurstei project
Published: 19 Jan 18
Mongolian metallurgical coal explorer and infrastructure company Aspire Mining has completed several key steps as it works towards providing the foundation for the start of a feasibility for its Nuurstei coking coal project. The company appointed Neil Wilson as project manager for the Nuurstei project and responsible for managing the upcoming drilling and sampling programme, the mining and delivery of the raw coal purchases, completion of the feasibility study and eventually, the future mine construction and operation.
Former Land Bank CEO convicted of fraud
Published: 19 Jan 18
The specialised commercial crimes court in Pretoria has convicted former Land Bank CEO Philemon Radichaba Mohlahlane and three others of defrauding the bank of at least R6 million in a case dating back to 2012. The Directorate for Priority Crime Investigation, commonly known as the Hawks, said Mohlahlane conspired with Manyaba Rubben Mohlaloga, a former ANC MP and chairperson of parliament's portfolio committee on agriculture at the time and Dinga Rammy Nkhwashu and Dingamanzi Ka Dinga, both from law firm Masepula Dinga Attorneys, to transfer R6 million into the law firm's trust account from the bank in 2008.
Egypt, Ethiopia leaders say Nile dam must not ruin relations
Published: 19 Jan 18
Egyptian President Abdel Fattah al-Sisi pledged on Thursday not to let differences over a dam Ethiopia is building on the Nile river ruin relations with Addis Ababa. Ethiopia hopes the hydroelectric Grand Renaissance Dam will make it Africa's largest power exporter.
IDC assessing 21 applications under R1.5bn downstream steel incentive IDC assessing 21 applications under R1.5bn downstream steel incentive
Published: 19 Jan 18
The Industrial Development Corporation (IDC) is currently assessing 21 potential transactions, worth a combined R437-million, arising from applications for support under a R1.5-billion industrial financing scheme set up in 2017 to support manufacturers of value-added steel products. The incentive, officially known as the Downstream Steel Industry Competitiveness Fund, became effective on June 7, 2017, and has been established to support domestic metals manufacturers facing import competition.
African Energy to delist from Botswana exchange African Energy to delist from Botswana exchange
Published: 19 Jan 18
ASX-lsited African Energy Resources (AER) on Friday said it would delist from the Botswana Stock Exchange (BSE), as it currently encompassed only 22 shareholders with less than 0.3% of its shares on issue. Listed since October 2011, AER’s directors believed that the administrative costs and related obligations associated with maintaining the BSE listing were no longer justifiable and shareholders in November voted in favour of a delisting.
Confidence returning to Western Australia’s exploration industry
Published: 19 Jan 18
The Western Australian Department of Mines, Industry Regulation and Safety (DMIRS) reports that the number of Programme of Works (PoW) received in 2017 has increased by 40% from 2016. This totaled 2 575 PoW applications compared with 1 799 the previous year.  During the year, the department finalised over 98% of all PoW tenure applications in the target timeline.
Nigeria passes major oil reform bill after 17 year struggle
Published: 19 Jan 18
Nigeria has moved closer to turning an oil industry bill into law after a 17 year struggle to complete the legislation which aims to increase transparency and stimulate growth in the country's oil industry. Nigeria' lower house of parliament has passed a version of the bill which is the same as one approved by the Senate last year. This is the first time both houses have approved the same version of the bill. It still needs the president's signature to become law.
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