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A mining deal between the Tanzanian government and Canadian mining firm Barrick has come under doubt as their agreement remains unratified while the government has said it may seek to renegotiate the deal, The East African reported Jan. 20.
South African President Cyril Ramaphosa has voiced his support for the development of private power generation amid growing anger from large businesses over the country's unreliable electricity supply, Reuters reported Jan. 15.
The German government has reached a deal with coal-producing regions to phase out coal power by 2038 in exchange for 40 billion euros ($44.6 billion) in compensation, Suddeutsche Zeitung reported Jan. 16.
Chilean state-owned copper mining firm Codelco said that it has raised $1 billion in funding from bond sales, its second bond issue following a $2 billion issuance in September, raising the company's debt to $20 billion, Mining Journal reported Jan. 8.
Regional peace and economic reforms are opening up Ethiopia's and Eritrea's untapped reserves of the in-demand fertilizer additive, potash. Turning that promise into profit, however, will mean defusing lingering threats to the region's stability.
South Africa's IHS Markit purchasing managers' index plummeted to a 14-month low of 47.6 in November 2019, Bloomberg reported Jan. 6. The drop came as Eskom, the country's state-owned utility monopoly, briefly reintroduced blackouts over the weekend.
Chile's economic activity contracted 3.3 percent in November 2019 compared to the same month in 2018, the country's central bank said Jan. 2. Mining activity as an expression of gross domestic product also dropped 5.1 percent in the same month amid the country's widespread protests.
Zimbabwe Mining Development Corp. has reportedly lost a final appeal at the International Court of Arbitration over a 2014 ruling, allowing the plaintiffs to seize almost $70 million in company assets, Bloomberg reported Dec. 18.