Finance

Gold prices scaled the US$3,500 (RM14,807) per ounce level to hit a record high on Tuesday, as mounting expectations for a US Federal Reserve interest rate cut this month lifted demand for the precious metal. Spot gold was steady at […]

The transaction, first announced in May, moved a step closer after MAC Copper shareholders voted overwhelmingly in favor of the deal. Harmony Gold, headquartered in Randfontein, is the country’s largest gold producer by volume and operates a portfolio of underground and open-pit […]

BlackRock BLK and Blackstone BX are leading U.S.-based asset management firms. While BLK focuses on public market investments and exchange-traded funds (ETFs), BX specializes in alternative assets like private equity and real estate. The asset management industry is currently benefiting from investors’ shift […]

Thailand’s Government Pension Fund expects gold, commodities and a rally in global equities to drive a recovery in its returns after a dismal performance in the first half of the year. Thailand’s Government Pension Fund expects gold, commodities and a […]

Oxford Economics Africa reports that the Democratic Republic of the Congo will receive the largest share at $21 billion, targeted for mining, hydrocarbons, agriculture, and 12 other sectors. Botswana’s package stretches across infrastructure, diamond processing, tourism, cybersecurity, and defence. Burundi’s deal […]

Previously rejected MEG Energy bidder Strathcona Resources intends to buy an additional 5% stake in MEG and vote these shares and the existing 9.2% stake against the Cenovus acquisition offer for MEG, as the latest major Canadian deal faces hurdles […]

PetroChina has agreed to buy three natural gas storage facilities from its state-owned parent CNPC for ¥40 billion (US$5.59 billion), adding nearly 11 billion cubic meters of working capacity to its portfolio. It’s a deal that looks less like housekeeping […]

Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, today confirmed the execution of a purchase agreement between Nedbank Group Ltd. and Bosquet Investments Ltd., the private investment vehicle of Alain Nkontchou, for the acquisition of a 21.22% […]

As part of the new investment, the company will partner with Home Stake Company Limited to operate a newly approved mining site spanning 98,700 square meters. Under the leadership of Hacıoğlu Gold Mining Incorporated Company CEO Yasin Hacıoğlu, communication and technical evaluation processes […]

Gold prices edged lower on Thursday after the US Federal Reserve’s July meeting minutes showed a majority consensus on holding interest rates steady, as investors look to the central bank’s annual Jackson Hole symposium later in the day for further […]