Holcim, the world’s largest building materials company, has entered into an agreement with Chinese industry giant Huaxin Cement to sell its 83.81% stake in Lafarge Africa, based in Lagos, Nigeria, for an equity value of $1 billion on a 100% basis. The transaction, subject to customary and regulatory approvals, isContinue Reading
HD Hyundai Construction Equipment is investing in a revised regional management structure, new uptime and machine customisation centres, and the building of a dedicated product demonstration area as part of a wide-ranging reorganisation of its European operations. HD Hyundai is implementing a transformative organisational structure to strengthen connections with markets,Continue Reading
London- and Australia-listed Resolute Mining has completed a second settlement payment of approximately $50 million to the government of Mali, funded from its existing cash reserves. The company confirmed that the remaining balance of $30 million will be settled by the end of this year using its current liquidity sources.Continue Reading
Dual-listed Barrick Gold has welcomed the Ontario Superior Court’s decision to dismiss a lawsuit brought by 21 Tanzanian nationals alleging human rights abuses by Tanzanian police at the North Mara gold mine. The court ruled that Ontario, Canada, was not the appropriate jurisdiction for the claims. The lawsuit, filed inContinue Reading
