Indian energy and infrastructure firm Lanco Infratech Ltd. aims to acquire mines in Africa, Indonesia and Australia, the company's CEO told Bloomberg news agency. Lanco plans to spend about USD 20bn by 2015 to increase generating capacity to 15,000 MW, of which 85% would be fueled by coal, Nagaprasad Kandimalla was quoted as saying. |
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South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more