Poland’s top three coal companies, burdened by losses amid communist-era benefit payments and a market glut, are hiring banks including JPMorgan Chase & Co. and BNP Paribas SA to sell debut Eurobonds to raise cash.
Gold Fields Ltd. (GFI) seeks to buy mines already in production to boost cash flow, said the South African producer of the metal with operations from Australia to Peru.
China’s Shandong Xinfa Aluminum & Electricity Group is in talks with Guinea to invest $14 billion in a bauxite project abandoned by BHP Billiton said a government official with knowledge of the matter.
South Africa should consider drafting separate laws to regulate the fledgling oil and gas industry to encourage investment, Mineral Resources Minister Ngoako Ramatlhodi said.
The toxic time bomb set by China’s rare earths mining boom is set to boost the prospects for some of the $12 billion of projects being developed outside the world’s biggest supplier.
The smokestacks at Kosovo’s oldest power station tower over decaying buildings and a tangle of rusty pipes, polluting the Balkan countryside and posing the first test of the World Bank’s pledge to avoid coal.
