International News

Pix4D announces entering into an exclusive reseller partnership with Beijing Skymap Technology Co., Ltd. for mainland China

Pix4D, the photogrammetry industry leader, today announced the signing of an exclusive reseller partnership with Beijing Skymap Technology Co., Ltd. a high-tech enterprise integrating software sales, service, research and development, and project integration in mainland China. With the diversification of Pix4D’s product portfolio to meet the specific needs of industries …

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Vertiv launches mid-size UPS system for critical applications

Vertiv, a global provider of critical digital infrastructure and continuity solutions, today introduces Vertiv™ Liebert® EXM2, a three-phase monolithic uninterruptible power supply (UPS) providing double conversion efficiency up to 97 percent, which further increases up to 98.8 percent with the dynamic online mode. With power capacity ranging from 100 to …

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Zambia’s irrational bet on copper can end up working in China’s favour after the country defaults

Zambia, a country once thought to be one of the most investment-friendly in the region, is now one of the most extreme examples of a surge of authoritarian governments in mining-dependent countries that are struggling to pay their bills after borrowing for infrastructure in recent years. The landlocked nation in …

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The International Monetary Fund says it will keep talking to Zambia

After skipping a coupon payment on a dollar bond in November, Zambia became Africa’s first pandemic-era sovereign default. However, the International Monetary Fund (IMF) said that progress had been made in three weeks of talks on a Zambian program, and that talks would continue, despite several obstacles. “Significant progress has …

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Tata International Africa introduces a ground-breaking five-year warranty on its entire commercial vehicle range across the continent

Tata International Africa has become the first company in Africa to introduce a best-in-class standard warranty of five years on its entire Medium, Heavy and Extra Heavy Commercial Vehicle range. This first-of-its-kind Pan African five-year warranty applies to the full range of Tata Trucks and Buses as well as Daewoo …

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Glencore to pay US$0.12 per share

GLENCORE has announced that it would pay out 0.12 US cents per share The company said this in its 2020 year-end presentation as it resumed dividends as flagged in December. The payment is set to be equivalent to $1.6bn in total. However, it added that, provided that annualized free cash …

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Virus vaccine hopes propel copper to a two-year high

Base metals have climbed this month on signs of progress in developing a drug to combat Covid-19, which would help economies reopen and global growth recover. But there are still immediate fears that fresh lockdowns – especially in the US – could bring renewed pressure on economic activity. The Trump …

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Mining Indaba 2021 goes virtually

Organisers of the continent’s biggest mining jamboree – African Mining Indaba have announced postponement of the event, slated for early next year. Simon Ford, Portfolio Director at Investing in African Mining Indaba the decision has been propelled by the on-going COVID-19 pandemic. “We are sorry to announce the 2021 edition …

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Kabwe residents drag Anglo American to court

A case has been filed in a Johannesburg court on Wednesday by 13 plaintiffs on behalf of an estimated 100,000 people, according to law firms Leigh Day and Mbuyisa Moleele. The firms plan to apply for a class action suit. They are demanding compensation and a clean-up of the area. …

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The spotlight will be on ESG during the Africa Mining Forum

The spotlight is set to be on Environmental, Social, and Corporate Governance (ESG) at the Africa Mining Forum which is set to kick off from the 16-20 November 2020. A testament to this notion is the fact that the organisers of the event have also announced a unique digital ESG …

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