Japan deep-sea hunt finds rare earths as it seeks to cut reliance on China.
Japan has announced the discovery of rare earth elements at record sea depths. The government said on Monday that a deep-sea test […]
Devon and Coterra to Create Shale Giant in $58-Billion Merger Deal.
Devon Energy and Coterra Energy announced on Monday a definitive agreement to merge and create a premier shale operator in an all-stock […]
Venezuela’s interim president’s oil law reform to break with Chavez model.
Venezuela’s parliament has advanced a proposal to loosen the state’s control over its oil industry and boost the private sector’s role in […]
Gold nears US$5,600 as safe-haven rush intensifies; silver blazes past US$120.
Gold advanced to a new record high near the US$5,600-an-ounce level on Thursday, as investors sought refuge from escalating geopolitical tensions and […]
Afreximbank Unveils $17.5B Lifeline for Angola’s Sonangol.
Africa’s trade finance lender has unveiled a major new funding line for Angola’s national oil company, as the country seeks to stabilize […]
Morocco to open $5.6 billion port hosting its first liquefied natural gas terminal.
Morocco is set to bring its second Mediterranean deepwater port, Nador West Med, into operation in the fourth quarter of this year, […]
Authorities raid Deutsche Bank offices in money laundering probe.
Deutsche Bank’s headquarters in Frankfurt and its office in Berlin were searched by German prosecutors and police on Wednesday in an investigation […]
Tanzania to sell gold reserves to finance infrastructure projects.
Tanzania plans to sell part of its gold reserves to help fund infrastructure projects as reduced donor support forces the government to […]
South Africa’s Rand surges against Dollar as gold hits record $5,000 per ounce.
At 07:03 GMT, the rand traded at 16.0475 against the dollar, up roughly 0.4% from its previous close and hovering near its […]
Copper nears US$13,000 as rally gathers pace with other metals.
Copper climbed towards US$13,000 (RM52,164) a tonne, rising along with other metals on dollar weakness and a broad investor rotation away from […]
Rockefeller, World Bank fund solar projects across six African countries to boost agriculture.
The Rockefeller Foundation and the World Bank have backed non-profit organisations with tens of millions of dollars to improve agricultural productivity across […]
Major oil exporter in Kenya says it is unthreatened by Uganda’s $4 billion oil refinery.
The Uganda National Oil Company is designated to hold a 40% equity in the refinery, with the remaining stake to be controlled […]