MBendi - World Business News

ICE announces launch of Futures Contracts on EUAAs

Wed, 08 Feb 2012 17:17:00 +0200

ntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced that ICE Futures Europe will introduce futures contracts on European Union Aviation ...

NASDAQ OMX Group and Ikon Global Markets launch spot gold futures

Wed, 08 Feb 2012 17:14:00 +0200

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), the world's largest exchange group, in partnership with IKON GLOBAL MARKETS, Inc. (IKON), a futures commission merchant registered with the U.S. Commodity Futures Trading Commission (CFTC) offering foreign ...

Nigeria's Federal Government to invest N4.46 billion in transport sector by 2015

Wed, 08 Feb 2012 17:11:00 +0200

The Federal Government reportedly plans to invest N4.46 billion on the development of the transportation sector between 2011 and 2015. This was contained in the Federal Government's Transformation Agenda Report on Key Policies, Programmes and ...

Kenya announces revenue from mobile data services continues to grow

Wed, 08 Feb 2012 17:09:00 +0200

It has been reported that revenue from mobile data services in Kenya will account for almost a half of all telecommunications revenue by 2016 as more Kenyans embrace mobile money and mobile internet. A study conducted by global research company ...

Africa loses billions in potential trade earnings, falls short of vast promise in cross-border business - World Bank

Wed, 08 Feb 2012 17:06:00 +0200

With African leaders now calling for a continental free trade area by 2017 to boost trade within the continent, a new World Bank report shows how African countries are losing out on billions of dollars in potential trade earnings every year because ...

AfrAsia Bank looks to expand African operations

Wed, 08 Feb 2012 17:03:00 +0200

Mauritius-based AfrAsia Bank is reportedly poised to expand its operations in Africa, using Asian capital, in particular from China. According to James Benoit, chief executive, the Southern African Development Community and Common Market for ...

Sappi posts slight rise in first-quarter 2012 earnings

Wed, 08 Feb 2012 17:00:00 +0200

It has been reported that South African paper maker Sappi has posted a slight rise in first-quarter earnings, lifted by lower input prices and cost cuts. The company expects earnings to rise in the current three months. Headline earnings per ...

Pick n Pay CEO Nick Badminton resigns

Wed, 08 Feb 2012 16:58:00 +0200

Pick n Pay (PIK) has announced that CEO Nick Badminton would resign from its board effective the end of the financial year but would be available to assist the company and its chairman in the transition period. During the global search for a new ...

Vodacom customers up 27% to 53m in 3rd quarter

Wed, 08 Feb 2012 16:55:00 +0200

It has been reported that mobile phone operator Vodacom (VOD) has seen a record increase in its customers of five million in the third quarter, pushing the number of subscribers past the 50 million mark. Group customers reportedly rose by 27.3% to ...

South African coal exports fall

Wed, 08 Feb 2012 16:53:00 +0200

It has been reported that South Africa's Richards Bay Coal Terminal (RBCT) exported 4.46 million tonnes of coal in January compared with 8.084 million tonnes the previous month. According to RBCT, South Africa had 3.54 million tonnes of stock at ...

West African Resources reports on Sartenga Auger, Meguet RAB and Moktedu Aircore in Burkina Faso

Wed, 08 Feb 2012 16:46:00 +0200

West African Resources Limited (ASX: WAF) is pleased to announce significant results have been returned from infill auger drilling at the Sartenga Prospect, part of its Boulsa Gold Project in Burkina Faso. All results now have been received ...

Alexander Nubia discovers new vein zones at its Abu Marawat project in Egypt

Wed, 08 Feb 2012 16:38:00 +0200

Alexander Nubia International Inc. (TSX-V: AAN), an exploration and development company with diversified minerals projects in Egypt, is pleased to announce results from the current surface sampling program at its Abu Marawat gold-copper-zinc-silver ...

Magellan drills 1m @ 32.6 g/t Au - continues to extend mineralized zone at Serra Along Strike, Coringa Project, Brazil

Wed, 08 Feb 2012 16:36:00 +0200

Magellan Minerals Ltd. (TSX-V: MNM, OTCQX: MAGNF) ("Magellan") is pleased to report results from the last seven drill holes from the 2011 diamond drilling program, at the Coringa project, Brazil. As with previous holes reported, these are all ...

ECR Minerals announces highly positive results received from Sierra de las Minas project, Argentina

Wed, 08 Feb 2012 16:34:00 +0200

ECR Minerals plc is pleased to announce that the results of initial metallurgical testwork carried out on samples from the Company's Sierra de las Minas gold project area in La Rioja Province, Argentina have been received and are highly positive. ...

Alder announces initial reverse circulation drill results from Rosita Cu-Au-Ag porphyry/skarn project, Nicaragua

Wed, 08 Feb 2012 16:26:00 +0200

Alder Resources Ltd. ("Alder" or the "Company") (TSX-V: ALR.V - News) is pleased to announce it has received assay results for 25 vertical reverse circulation ("RC") drill holes at its Rosita copper-gold-silver project in northeastern Nicaragua. ...