Indian billionaire Anil Agarwal plans $25 billion Vedanta expansion over three years
Indian mining billionaire Anil Agarwal says his Vedanta group will spend $25 billion over three years to expand aluminium, copper, zinc, oil and gas.
Mining
Indian billionaire Anil Agarwal’s Hindustan Zinc posts record $675 million quarterly profit
Billionaire Anil Agarwal’s Vedanta linked Hindustan Zinc reported a 142% increase in quarterly net profit to 64.12 billion rupees as higher metal prices, increased output and lower production costs boosted earnings.
South African lawyer Mathews Phosa built his fortune by taking equity instead of legal fees
Mathews Phosa helped mining communities list their assets and took equity as payment. He now chairs a London-listed miner and sits on some 20 boards.
South African mining tycoon Daphne Mashile-Nkosi could lose her mine over a $375 million debt
A court cleared the IDC to put Kalagadi Manganese into business rescue over $375 million. The lender was Daphne Mashile-Nkosi's first backer.
Zimbabwean tycoon Billy Rautenbach's ethanol is blended into the petrol the country sells
Billy Rautenbach ran Congo's state mining company and was sanctioned by the US and EU. He built the plant behind Zimbabwe's fuel blending law.
Billionaire Nicky Oppenheimer sold 40% of De Beers for $5.1 billion. All of it now fetches $1 billion
Nicky Oppenheimer sold the family's 40% stake in De Beers for $5.1 billion in 2011. Anglo is now selling 85% of it for about $1 billion.
Congolese billionaire Paul Obambi wins tin permit as Congo's extractive output declines
Paul Obambi has won a cassiterite prospecting licence over 253 square kilometres in Kouilou, diversifying beyond the iron ore project he runs at Mayoko.
Sam Jonah engineered Africa's $1.48 billion gold merger then rejected the billionaire label
The Ghanaian mining titan turned a single Obuasi pit into a global gold giant, then spent his later years questioning who really owns Africa.
South African Exxaro Resources mining giant names CEO designate
Exxaro Resources has announced Nombasa Tsengwa as its new CEO-designate.
Mining magnate Patrice Motsepe outlines strategic plans for African football
Patrice Motsepe has announced his agenda if he is voted in as president of the Confederation of African Football.