Tag: Mining

Why Nigeria is auctioning N12.7 billion mining contract
Tech

Why Nigeria is auctioning N12.7 billion mining contract

To diversify its export revenue, Nigeria, Africa’s largest economy said it is auctioning mining contracts worth N12.7 billion. The contracts will be given to eight mining firms who are chosen after the auction. The state minister of mineral resources, Abubakar Bawa Bwari, said: “Today the Federal Executive Council (Nigeria’s cabinet) […]

South32 to return USD500 million to shareholders
JSE SENS

South32 to return USD500 million to shareholders

South32 Limited said it will return an additional US$500M to shareholders through an on-market share buy-back in Australia. South32 is a globally diversified mining and metals company with high quality operations in Australia, Southern Africa and South America. The company said the amount to be return is equal to 4.5% […]