Why Investors Won’t Fall for Nigeria’s Wish to Boost Mining Reserves

  Why Investors Won’t Fall for Nigeria’s Plans to Boost Mining Reserves  Nigeria plans to spend 15-billion naira ($42-million) over the next year to explore for minerals and attract investors into mining and reduce its dependence on oil, Solid Minerals Development Minister Kayode Fayemi said at an October 18 interview with Bloomberg News in the capital, Abuja. “Because we are starting…

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US Regulators and Rio Tinto: Is the Mozambique Fraud Charges a Signal of More to Come?

    US Regulators and Rio Tinto: Is the Mozambique Fraud Charges a Signal of More to Come?  Rio Tinto and its former chief executive and chief financial officer have been charged with fraud by US authorities for allegedly attempting to cover up multi-billion-dollar losses on an African coal investment. Key points: US Securities and…

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Global Mergers & Acquisitions: DowDuPont Lessons From South Africa

  Comment: On 5 July 2017, the Competition Commission of South Africa has announced its conditional approval of The Dow Chemical Co. and E.I. du Pont de Nemours Co.’s $130 billion merger. The decision follows similar conditional approvals from global antitrust authorities in Canada and Mexico last week and from the U.S. Department of Justice on June 15, 2017. Dow…

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The ‘World’s Most Useless Airport’ Finally Opens; But Will Tourists Come?

    The ‘World’s Most Useless Airport’ Finally Opens; But Will Tourists Come? As the inaugural plane from Johannesburg touched down, the travel and history buffs on board clapped and cheered. A water truck sprays water to celebrate the first inaugural commercial plane from Johannesburg after it landed at the newly built Saint Helena Airport…

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Jacob Zuma Cavorts With “State Capture” Soulmate, Gov. Rochas Okorocha of Nigeria; Gets Statue and Fake Chieftaincy Title

  Jacob Zuma Cavorts With “State Capture” Soulmate, Gov. Rochas Okorocha of Nigeria; Gets Statue and Fake Chieftaincy Title     Governor Rochas Okorocha of Imo State in South-Eastern Nigeria, erected a statue in honor of President Jacob Zuma – Many Nigerians criticized the gesture of the governor. They pointed out that Nigerians were being…

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