Justin Brown
Guest Author
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/ 26 March 2004

$500m bid for Energy Africa

Irish oil company Tullow Oil plc on Friday confirmed that it has made a $500-million bid for South African oil exploration and production company Energy Africa. Tullow Oil has entered into an exclusivity agreement with Engen and other shareholders who in total hold more than 90% of Energy Africa’s issued share capital.

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/ 23 March 2004

Kenya praises SA governance, freedom

Ten years after South Africa ended apartheid and returned to the international arena, the country is a model of good governance, freedom and democracy, Kenya’s agricultural attache in South Africa, Bernard Kitheka, said on Tuesday at a World Meteorological Day function hosted by the South African Weather Service.

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/ 25 February 2004

Anglo set for record earnings

After a flat 2003, global resources group Anglo American (Anglo) is set for a very strong 2004 financial year driven by strong gains in commodity prices and the possibility of a weaker rand, analysts say. Given current commodity prices, Anglo could set record headline earnings per share for the year to December 2004.

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/ 17 February 2004

Bullish sentiment drives JSE up

The JSE Securities Exchange South Africa (JSE) ticked up on bullish sentiment on Tuesday, especially toward the major resources groups such as BHP Billiton and Anglo American (Anglo). At noon, the all-share index was up 0,91%, while industrials and financials were 0,74% and 0,41% firmer respectively.

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/ 12 February 2004

Infrastructure hampers SA iron-ore exports

Kumba Resources is missing out on the rapid expansion of demand for iron ore from commodity behemoth China due to South Africa’s rail and port infrastructure not keeping pace, says Kumba CEO Dr Con Fauconnier. As a result, Kumba’s competitors that can more easily raise output are increasing their share of iron ore exports to China.

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/ 11 February 2004

Gold Fields sees competition for gold assets

There is likely to be continued competition among the world’s major gold players for the remaining listed quality bullion assets, says world number-four gold miner Gold Fields’s director of international operations John Munro. During the past decade global gold mining has seen consolidation that has left about six major producers/