Tag Archives: Debt

African Rainbow Minerals, Glencore agree to restructure coal debt


Diversified miner African Rainbow Minerals (ARM) on Monday announced that R3.98-billion of debt owed by ARM and its subsidiary ARM Coal to diversified miner Glencore Holdings subsidiary Glencore Operations South Africa (Gosa) as at June 30, 2017, has been restructured on an ARM attributable basis.

Additionally, debt of R1.83-billion owed by Gosa’s Participative Coal Business (PCB) to ARM and ARM Coal as at June 30, 2017, has also been restructured on an ARM attributable basis.

ARM and Gosa hold 51% and 49% respectively of the issued share capital in ARM Coal.

Further, ARM Coal and Gosa own and operate the Goedgevonden coal mine operation through an unincorporated joint venture in which ARM Coal and Gosa hold 51% and 49% participation rights, respectively.

Gosa owns and operates several…

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*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.

DeVos policies worsen racial bias in student debt, lawmakers say



African-American families, after decades of being shut out of traditional ladders of economic opportunity, have the least amount of resources to buffer …
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Zimbabwean Tycoon James Makamba To Lose South African Mansion Over $4.5 Million Debt



Prominent Zimbabwean businessman James Makamba might soon lose his sprawling mansion in Johannesburg for defaulting on a multi-million …
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*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.

Debt ease critical to Caribbean climate resilience


Debt ease critical to Caribbean climate resilience – CGTN<br />

2018-06-05 13:15 GMT+8

Debt ease critical to Caribbean climate resilience


By Bertram Niles





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