Why Is Venkat Dumping AngloGold to Take Top Job at Vedanta Resources?

Why Is Venkat Dumping AngloGold to Take Top Job at Vedanta Resources? Srinivasan Venkatakrishan (Venkat) will step down as CEO of gold miner AngloGold Ashanti on August 31 to take up the CEO position at diversified miner Vedanta Resources. AngloGold on Monday said it has started a global search, considering both internal and external applicants, for a successor, who will be…

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Boosting Rural Agriculture and Food Security and Political Stability in Cote d’Ivoire

Boosting Rural Agriculture and Food Security and Political Stability in Cote d’Ivoire The International Fund for Agricultural Development (IFAD) and Cote d’Ivoire have today signed a financial agreement aimed at helping rural farmers add value to their products. A loan of $18.5 million from the International Fund for Agricultural Development (IFAD), is set to benefit and…

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Namibia Scraps Plan to Force White-Owned Businesses to Sell 25% Stake to Blacks

Namibia Scraps Plan to Force White-Owned Businesses to Sell 25% Stake to Blacks Namibia has scrapped a clause in its economic empowerment framework that would have forced white businesses to sell a 25% stake to previously disadvantaged blacks, President Hage Geingob said on Wednesday. Making the announcement during his state of the nation address, Geingob said a revised…

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China’s Staggering Demand for Commodities

  China’s Staggering Demand for Commodities JEFF DESJARDINS China’s Staggering Demand for Commodities >50% OF ALL STEEL, CEMENT, NICKEL, AND COPPER GOES THERE The Chart of the Week is a weekly Visual Capitalist feature on Fridays. It’s said that in China, a new skyscraper is built every five days. China is building often, and they are building…

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How China Became the World’s No. 1 Economy in Four Decades

  How China Became the World’s No. 1 Economy in Four Decades  by Peter Wong   Its impressive achievements are thanks to perseverance and the far-reaching economic and societal changes that have been introduced since 1978. Within our lifetimes, China has transformed from an agrarian economy to a world-beating digital and consumption-led powerhouse, driven by smartphone-wallet…

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Congo Must Rewrite Mining Code to Protect Exemptions–Miners

Congo Must Rewrite Mining Code to Protect Exemptions–Miners International mining companies have insisted that Democratic Republic of Congo amend portions of a new mining code to respect exemptions they were granted by its predecessor. The companies announced last week that they had submitted a formal proposal to the government but the document itself, seen exclusively by Reuters on Thursday, takes a…

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