Africa

http://www.zerohedge.com/news/2013-05-14/south-african-mint-short-gold Is The South African Mint Short Of Gold? Submitted by Tyler Durden on 05/14/2013 Submitted by Michael Krieger of Liberty Blitzkrieg blog, In what may be the strangest story I have seen in a while related to the gold market, it appears $982 million worth of gold has left JFK international airport in New… Continue Reading

http://online.wsj.com/article/SB10001424127887323716304578482390329510834.html?mod=fox_australian Workers Strike at Lonmin Mine May 14, 2013 BY DEVON MAYLIE JOHANNESBURG—Workers at Lonmin PLC, the world’s No. 3 platinum producer, held a wildcat strike Tuesday, shutting the company’s Marikana mine and sparking fears about a renewal of violence at the site of last year’s deadly labor protests. The strike marks the South African… Continue Reading

http://www.csmonitor.com/Environment/Energy-Voices/2013/0513/Nigeria-oil-production-slides-amid-unrest?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+feeds%2Fcsm+%28Christian+Science+Monitor+%7C+All+Stories%29&utm_content=Google+Reader Nigeria oil production slides amid unrest Nigeria relies almost exclusively on its energy sector for export earnings and 75 percent of federal government revenue, Graeber writes, but a long record of corruption, militancy and banditry has clouded Nigeria’s oil prospects. By Daniel J. Graeber, Guest blogger / May 13, 2013 The wealthiest man in… Continue Reading

http://online.wsj.com/article/SB10001424127887324031404578480822788068176.html?mod=pls_whats_news_us_business_f South African Miners Poised for Tough Labor Talks May 13, 2013 BY DEVON MAYLIE AND FRANCESCA FREEMAN JOHANNESBURG—South Africa’s beleaguered mining industry is bracing for tense wage talks as it struggles with a renewed flare-up of labor unrest following the killing of a union leader over the weekend. Many of the country’s mining companies… Continue Reading

http://allafrica.com/stories/201305130192.html Zambia: Supreme Court Narrowly Allows Tribunal That Can Fire Judges By George Mwenya, 9 May 2013 In what was regarded as a crucial decision for the future of Zambia’s judiciary, today the Supreme Court issued a narrow and ambiguous decision allowing President Michael Sata the discretion to form a special tribunal chaired by the… Continue Reading

http://allafrica.com/stories/201305130409.html Nigeria: The Missing N1.5 Trillion 12 May 2013 editorial The Senate Committee on Public Accounts recently found that N1.5 trillion was missing from some accounts. The funds are from special accounts that were presumably set up to make special interventions in our development process. It was not the first time the public was being… Continue Reading

http://www.plenglish.com//index.php?option=com_content&task=view&id=1396381&Itemid=1 South Africa: Tensions High as Company Plans Mining Job Cuts Pretoria, 9 May (Prensa Latina) Anglo American’s platinum arm, under pressure from South Africa’s government, could announce a restructuring plan as early as today that will sharply scale back job losses as it tries to balance out cost cuts and the threat of labour… Continue Reading

http://allafrica.com/stories/201305091053.html South Africa: Unlocking South Africa’s Economic Potential By Todd Glass, 9 May 2013 guest blog While much of the developed world is struggling to recover from the debilitating crises of the past few years, sub-Saharan Africa is experiencing an economic renaissance of sorts. According to the January 2013 update of the International Monetary Fund’s… Continue Reading

http://www.plenglish.com//index.php?option=com_content&task=view&id=1394651&Itemid=1 Angola Experiencing Rapid Economic Growth Luanda, May 9 (Prensa Latina) Outstanding growth in Angola’s Gross Domestic Product (GDP) has been registered in recent years, with an 8.8 percent average from 2006 to 2012, said a governmental source. The State Secretary for the Ministry of Economy, Laura Alcantra, expressed in a press release that the… Continue Reading

http://www.plenglish.com//index.php?option=com_content&task=view&id=1392091&Itemid=1 Great Pace of Economic Growth in Angola Luanda, May 8 (Prensa Latina) An outstanding growth was recorded in Angolan Gross Domestic Product, GDP, in recent years, which is evident in the average GDP registered (8.8 percent in 2006-2012), said a governmental source today. The State Secretary of the Ministry of Economy, Laura Alcantra, said… Continue Reading