Uganda's third gold refinery named Victoria Gold Star started operations with a capacity to refine 60kg of gold daily. The refinery, built with the help of Russian investors at a cost of around $1.5million, was located at Fifth Industrial area in country's capital Kampala.
IBT Staff Reporter
May 06, 2010
Reports from China and South Africa, two major gold producers in the world, show that gold output this year may witness a surge as several companies have ramped up their production to cash in on the rising prices and increased demand. According to Chinese media, the country produced 70.16 tonnes of gold in the first three months of 2010. This is a gain of around 4.4 per cent year-on-year. The report further added that gold mining companies in China produced 57.3 tonnes of gold in the first three...
IBT Staff Reporter
May 05, 2010
World Health Organization(WHO) warned tourists in South Africa especially soccer fans heading to the World Cup to guard against mosquito bites and avoid contact with raw meat due to an outbreak of Rift Valley fever.
IBT Staff Reporter
May 04, 2010
World's largest gold producer is also set to take India's centuries-old gold crown as the world's top gold consumer. After knocking South Africa out of first place as the world's largest gold producer in 2007, it now appears China will overtake India as the world's leading gold consumer when industry figures are released in mid-February.
IBT Staff Reporter
Apr 30, 2010
China overtook large European nations in a shift in voting power at the World Bank on Sunday that was designed to give emerging economies greater influence in the global development institution.
IBT Staff Reporter
Apr 25, 2010
Brewing giant SABMiller beat forecasts as it reported a 2 percent rise in fourth-quarter worldwide underlying beer volumes on Tuesday as emerging markets like Latin America and Africa started to recover.
IBT Staff Reporter
Apr 20, 2010
The Chilean journalist, Mónica González Mujica, a heroine of the struggle against dictatorship in her country, has been named laureate of the 2010 UNESCO/Guillermo Cano World Press Freedom Prize.
IBT Staff Reporter
Apr 14, 2010
The global space business grew to $261.6 billion in 2009, expanding 7 percent from 2008 and 40 percent over the past five years at a time when other industries were slammed by recession, according to a report released Monday by the nonprofit Space Foundation.
IBT Staff Reporter
Apr 12, 2010
The livestock industry and the federal government are allocating $5 million for the research on foot and mouth disease overseas, rather than importing the live virus.
IBT Staff Reporter
Apr 12, 2010
Hundreds of thousands of soccer fans are likely to get their first taste of live 3D viewing during this year's World Cup, the vast majority of them in cinemas rather than at home, according to football body FIFA.
IBT Staff Reporter
Apr 08, 2010
British mobile telecoms group Vodafone said it will launch the Opera Mini browser on low-cost handsets so its millions of users in emerging markets can easily access the Internet, lifting Opera's shares.
IBT Staff Reporter
Apr 07, 2010
European industry bodies urged European Union regulators on Wednesday to prevent unfair competition and excessive pricing of iron ore, saying it could hamper economic recovery in Europe.
IBT Staff Reporter
Mar 31, 2010
Will South Africa increase its stake in platinum group metals (PGM) industry following a green signal from an advisory body? A totally black-owned company KIO Advisory Services recently said that the country should raise its involvement in the PGM industry in order to achieve transformation. And, if that happens, there is a chance of big changes in South Africa's mining sector. Even gold, and platinum and other precious metals' prices may also see some changes following this.
IBT Staff Reporter
Mar 30, 2010
Top Indian telecoms firm Bharti Airtel said it had tied up the entire financing requirement of $8.3 billion for its planned buy of Kuwaiti telecom Zain's African assets, in a sign of progress as the deadline for the firms' talks expire next week.
IBT Staff Reporter
Mar 21, 2010
Top Indian telecoms firm Bharti Airtel said on Sunday it had tied up the entire financing requirement of $8.3 billion for its planned acquisition of Kuwaiti firm Zain's African assets.
IBT Staff Reporter
Mar 21, 2010
Nike Inc posted a return to sales and profit growth on Wednesday and forecast higher expected orders around the world after a year of declines, sending its shares up more than 3 percent.
IBT Staff Reporter
Mar 17, 2010
Nike Inc posted a net profit that beat analyst expectations, fueled by fewer clearance sales of merchandise and improving sales around the world, sending its shares up more than 3 percent.
IBT Staff Reporter
Mar 17, 2010
Nike Inc , the largest global sporting gear maker, posted a net profit that beat analysts' expectations, helped by fewer clearance sales of merchandise and improving sales around the world.
IBT Staff Reporter
Mar 17, 2010
Once upon a time South Africa was the largest gold producer in the world. But, things have changed now it has fallen to the fourth position in the world as the mines in the country are facing severe power problems and decline in the output. A further decline in the country's mined gold output in 2009 has now relegated the country to fourth position in the world gold production stakes.
IBT Staff Reporter
Mar 16, 2010
Kuwaiti telecom Zain and India's Bharti Airtel have faced no obstacles in due diligence and expect the $9 billion deal to close on time, a Kuwaiti newspaper said on Tuesday.
IBT Staff Reporter
Mar 16, 2010
Airbus parent EADS has received no word of any changes to a contest to supply aerial refueling tankers to the United States, the head of Airbus Military said on Monday.
IBT Staff Reporter
Mar 15, 2010
While James Cameron's 3D sci-fi epic Avatar took the box office by storm instantly, the road to success will be much longer for Best Buy Co Inc, which is making a big bet on 3D televisions this year.
IBT Staff Reporter
Mar 10, 2010
