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Zimbabwe Slashes Diamonds Royalties

HARARE - Zimbabwe has slashed royalties for its diamond mines to 10 percent of gross revenue, from 15 percent, as it moves to encourage...

Brazilian president swears in three new ministers

Brazilian President Luiz Inacio Lula da Silva swore in three new ministers Wednesday in the first reform of his cabinet to broaden the government's...

Eurozone Inflation Hits 10.7% in October as Economies Slowdown

Inflation in the 19-member eurozone is expected to continue rising in October, hitting double digits, against the backdrop of slowing economic growth in the...

Zimbabwe to enforce ‘use it or lose it’ policy for mining assets

HARARE - Zimbabwe will vigorously enforce a policy to force companies to develop their mining assets and not keep the land for speculative purposes, mines minister...

Eskom to Pay Nedbank R9m in Interest Before Month End

JOHANNESBURG - Eskom is due to pay over R9 million in interest to Nedbank Corporate and Investment Banking before the end of July, the power...