Munali Nickel Mine restarts its operations

Note: This section contains information in English only.
Source: Marketwatch

Zambia's nickel mine, Munali Nickel Mine, announced it will resume its operations in January after implementing restructuring program. The company ceased its operations because of the cash flow difficulties in the beginning of November. The company plans to attract investors to finance the company and make its capital structure more stable, said the official.

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Thu, 24 Nov 2011 13:27:47 GMT

JPMorgan to buy MF Global

JPMorgan Chase & Co has confirmed it will buy shares of bankrupted MF Global at London Metal Exchange. JPMorgan is expected to pay for MF's stake about 25 million pounds ($38.8 m). Last month MF Global declared bankruptcy after making bets that failed on European debt. JPMorgan agreed to buy all of MF Global shares, said Richard Heis, special administrator of MF Global.

Thu, 24 Nov 2011 13:24:01 GMT

Egyptian credit rating decreased

Standard & Poor's has decreased the credit rating of Egypt from BB- to B+ pushing Egypt's debt close to junk status. The agency explains this downgrade as a result of political and economic situation in the country that continues to deteriorate. There were four days of demonstrations in Egypt before parliamentary elections due 28 November.

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