zhaojiankang/iStock via Getty Images ArcelorMittal (NYSE:MT) said Tuesday it has decided against shutting its Newcastle steel plant in South Africa and is working on a plan to make it viable, more than six months after announcing its closure. The plant in KwaZulu-Natal province makes fencing material, rail, rods and barsContinue Reading
HJBC/iStock Editorial via Getty Images TotalEnergies (NYSE:TTE) plans to exit its gas discoveries off the tip of South Africa to prioritize exploration in areas closer to promising discoveries near Namibia, Bloomberg reported Tuesday. The company plans to give up its license for Block 11B/12B because it doubts whether the complexContinue Reading
magicflute002/iStock via Getty Images Cocoa futures (CC1:COM) ticked lower on Friday, set for their third-straight weekly fall, and biggest monthly drop in at least a year, as improved weather conditions in the key growing region in West Africa calmed supply fears, following a meteoric rise in prices recently. The mostContinue Reading
kodda/iStock via Getty Images Africa Oil (TSX:AOI:CA) has repurchased a total of 1,081,800 Africa Oil common shares during the period of June 17, 2024, to June 21, 2024, under the previously announced share buyback program, it said on Monday. The transaction consolidates ownership in core cash generating assets and bringsContinue Reading
