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Angola faces daunting task to boost output to 1.3 million b/d in coming years | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Editor's Note: Liberated but not free gga.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gga.org Daily Mail and Mail on Sunday newspapers.
Zambia mortgages the future by taking over Glencore copper debt State-owned Zambia Consolidated Copper Mines Limited (ZCCM) this week agreed to take on $1.5bn of debt and pay a nominal $1 to take over a 73% stake in Mopani Copper Mines from Swiss commodities trader and mining company Glencore. The agreement adds to the debt liabilities of a country that in November became the first African country to default during the COVID-19 pandemic. ZCCM will repay the loan by giving Glencore creditors 3% of Mopani’s revenue to 2023, which then rises to between 10% and 17.5%. That’s on top of quarterly interest of LIBOR plus 3%, and a requirement for ZCCM to pay 33.3% of earnings before interest, taxes, depreciation and amortization (EBITDA), less some deductions. ....
Zambia risks climbing the list of IMF addicts theafricareport.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theafricareport.com Daily Mail and Mail on Sunday newspapers.
Updated 12/11/2020 2:05 PM Yes! College of Lake County (CLC) will be open in the spring. A mix of class types are available for students such as: online live via Zoom, online anytime, in-person and blended. Spring 2021 registration is already well underway, and students who begin their CLC education this semester have the chance to participate in, and inform the design of, a new class called College Success Seminar (CLC 120). This is one piece of our broader plan to build a success framework which moves CLC to being student-ready, said Director of Student Success Strategy at CLC Nick Branson. It s designed as an early opportunity for all new students, so they get access to information about resources and support systems, as well as develop skills to help them be successful in college. ....