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Côte d'Ivoire to build 25 MW solar power station

By: Reuters     25th May 2017 Côte d'Ivoire plans to build a 25 MW solar power plant in the north of the country as it seeks to bolster a strained power grid with renewables, a government spokesman said on Wednesday. The 23.6-billion CFA franc ($40-million) plant will be built by Korhogo Solaire, a subsidiary of Morocco's... 

Endeavour reports solid progress with Houndé construction 85% complete

By: Henry Lazenby     23rd May 2017 West Africa-focused miner Endeavour Gold has reached the 85%-complete mark in building the Houndé mine, in Burkina Faso, after receiving and starting installation of the longest lead time item, the semi-autogenous grinding mill. Endeavour, which expects to produce between 600 000 oz and 640 000... 

Engine solar photovoltaic hybrid power plant project, Burkina Faso

By: Sheila Barradas     19th May 2017 The project entails the construction of a 15 MWp solar power plant. 

Trevali shareholders vote overwhelmingly in favour of African asset acquisitions

By: Henry Lazenby     18th May 2017 Trevali Mining reported Thursday that a majority of shareholders present and represented at the company’s special meeting have voted in favour of all resolutions presented, including the acquisition of a suite of African zinc assets from Glencore. 

Avesoro eyes gold assets in Burkina Faso

By: Megan van Wyngaardt     15th May 2017 A range of growth opportunities, including the potential acquisition of the Youga gold mine and Balogo deposit, in Burkina Faso, is being considered by dual-listed miner Avesoro Resources to further its strategy in becoming a premier midtier African gold producer. The two assets in Burkina Faso... 

Iamgold stock in demand as Q1 earnings excite

By: Henry Lazenby     11th May 2017 Canadian midtier miner Iamgold has significantly increased gross earnings in three months ended March, as higher output was underpinned by the Westwood mine, in Quebec, while lower costs dovetailed into higher realised prices, the company announced after market closed on Tuesday.... 

Inata workers placed on ‘technical unemployment’

By: Anine Kilian     10th May 2017 West Africa-focused Avocet Mining has placed most of its workers at its Inata gold mine, in Burkina Faso, on “technical unemployment” for the next three months, as the company seeks to lower fixed costs during production stoppages. Production at the Inata mine continues to be affected by... 

Endeavour reports higher headline earnings as Q1 output rises

By: Henry Lazenby     9th May 2017 Intermediate Canadian gold producer Endeavour Mining has reported an adjusted loss for the three months ended March 31, as higher year-on-year output benefited from relatively strong realised prices and low, yet slightly higher, all-in sustaining costs (AISC). The London, England-headquartered... 

Roxgold to expand exploration activities in Burkina Faso to support growth strategy

By: Mia Breytenbach     9th May 2017 TSX-listed Roxgold expects its exploration activities to increase this year to support the company’s organic growth strategy, with an approved exploration budget of $8-million. Roxgold noted in a statement that a further round of drilling, totalling about 11 000 m, will be undertaken in the... 

As droughts worsen, phones and radios lead way to water for Niger's herders

By: Reuters     9th May 2017 When Moumouni Abdoulaye and his fellow herders in western Niger used to set off on scouting missions in search of water, they feared for their livestock - and for their own lives. Unable to rely anymore on their traditional methods of predicting the weather amid increasingly erratic droughts and... 

Hummingbird Resources subsidiary set to open Mali gold mine this year

By: Reuters     2nd May 2017 A subsidiary of UK mining firm Hummingbird Resources is on course to start production at an $88-million opencast gold mine in Mali this year, its director and Mali's Minister for Mines told Reuters. The Komana mine south of the capital Bamako is operated by the Société des Mines de Komana (SMK)... 

Nexus Gold receives new permit for Burkina Faso gold project

By: Anine Kilian     28th April 2017 Nexus Gold has received a new work permit for its Burkina Faso-based Bouboulou gold concession. The new permit is for an initial term of three years and can be renewed twice for a total term of nine years.  

Interest in nuclear energy said to be rising across sub-Saharan Africa 

By: Keith Campbell     21st April 2017 There is more interest in nuclear energy in sub-Saharan Africa than is generally realised. According to the World Nuclear Association (WNA), countries in the region which are individually planning or considering nuclear power are Ghana, Kenya, Namibia, Nigeria, Senegal, Tanzania, Uganda and... 

Cross-border power to boost African economies

By: Robyn Wilkinson     21st April 2017 With the announcement of an ambitious power project to connect Cape Town and Cairo within the next three years by regional orhganisation the Eastern Africa Power Pool, the opportunities for reliable cross-border electricity generation are once again in the spotlight, says power generation... 

Interest in nuclear energy said to be rising across sub-Saharan Africa

By: Keith Campbell     21st April 2017 There is more interest in nuclear energy in sub-Saharan Africa than is generally realised. According to the World Nuclear Association (WNA), countries in the region which are individually planning or considering nuclear power are Ghana, Kenya, Namibia, Nigeria, Senegal, Tanzania, Uganda and... 

Wealth gap leaves Ivorians craving share of 'economic miracle'

By: Bloomberg     20th April 2017 Standing knee-deep in muddy water to sift gravel in oppressive heat, a handful of middle-aged miners search for diamonds, clinging to what seems like a dying trade in a region with few job opportunities. “It’s unpredictable,” Pierre Silue, a 46-year-old miner wearing ragged clothes, said as he... 

Hummingbird secures $60m debt facility with West African bank Coris

By: Natasha Odendaal     11th April 2017 Aim-listed Hummingbird Resources has secured a four-year $60-million senior secured term debt facility with West Africa-based Coris Bank International to fund the ongoing construction of the Yanfolila gold mine, in Mali. The new debt agreement replaced the funding line previously anticipated with... 

Avocet appoints new CEO, CFO to assist in the company’s restructuring

By: Anine Kilian     3rd April 2017 West Africa-focused gold producer Avocet Mining has appointed Boudewijn Wentink as CEO with immediate effect. His primary strategic objective will be to ensure the refinancing and restructuring that is critical to the future of the company. 

Wärtsilä supplies 15 MW solar plant in Burkina Faso

By: Megan van Wyngaardt     22nd March 2017 Technology group Wärtsilä has entered into an agreement with independent power producer Eren Renewable Energy’s 90%-owned Essakane Solar, in Burkina Faso, to supply it with a 15 MW solar photovoltaic (PV) power plant. The remaining 10% is owned by Eren’s development partner African Energy... 

Endeavour, Acacia end merger talks

By: Henry Lazenby     22nd March 2017 Canadian gold miner Endeavour Mining has halted discussions with London-listed Acacia Mining regarding a potential merger. Endeavour, which operates a portfolio of gold mines in West Africa, has held talks with Acacia – which is majority owned by Canada's Barrick Gold – since mid-January. 

Vital raises A$5m to advance Burkina Faso exploration

By: Esmarie Swanepoel     21st March 2017 Metals developer Vital Metals will raise A$5-million through a share placement to accelerate gold exploration in Burkina Faso. The junior told shareholders on Tuesday that some 400-million new shares would be issued, at a price of 1.25c each, to professional and sophisticated investors. 

On-The-Air (17/03/2017) 

By: Martin Creamer     17th March 2017 Business leader Patrice Motsepe yesterday gave a stern warning to the mining industry to take mining communities extremely seriously; The State-owned IDC is supporting a new low-cost, low-energy technology that could be a massive cost saver for struggling platinum mines; and the Canadians this... 

Trevali expands geographic footprint to Africa as zinc tide rises

By: Henry Lazenby     14th March 2017 Canadian base metals producer Trevali Mining is expanding its geographic footprint into Africa with the $400-million acquisition of diversified mining and marketing company Glencore’s 80% interest in the Rosh Pinah mine, in Namibia, and 90% interest in the Perkoa mine, in Burkina Faso. HSBC... 

Elephant hunter Randgold walks the talk in Africa

By: Henry Lazenby     7th March 2017 The industry is constantly reducing the quality of its asset base and the only way to reverse the trend is to restart the “exploration engine”, Randgold Resources CEO Mark Bristow said in Toronto this week. “It is misguided to think that cutting back on exploration is a good idea, because it... 

West African gold mine signs solar power agreement

By: Martin Creamer     6th March 2017 West African gold mine Iamgold Essakane has signed a 15-year power purchase agreement with renewable-energy providers in a move that will cut its diesel use and lower its carbon footprint.  EREN Renewable Energy and its partner African Energy Management Platform (AEMP) on Monday announced that... 

SA-based company partners with Chad to develop country’s nascent minerals sector

By: Ilan Solomons     3rd March 2017 Gold mining, refining and resources development company Quaestec Gold Africa Resources has partnered with the government of Chad to develop the Central African country’s nascent mineral resources sector, says company CEO Charles Fourie. Chad’s gold deposits occur over 1 200 km, from the south to... 

Endeavour lifts Karma mine’s reserves

By: Megan van Wyngaardt     24th February 2017 An infill drill programme Endeavour Mining’s North Kao deposit, located at the Karma gold mine in Burkina Faso, has confirmed the continuity of the previous inferred resource, resulting in a maiden indicated resource of 314 000 oz amenable to heap leaching and a subsequent conversion of 262 000... 

Sanbrado proves positive for West African

By: Esmarie Swanepoel     20th February 2017 A feasibility study into the Sanbrado gold project, in Burkina Faso, has estimated that the project could produce about 93 000 oz/y over a nine-year mine life. ASX-listed West African Resources has revealed that, over the first three years of production, the mine is expected to produce 150 000 oz/y. 

Mining Indaba remains pivotal to Africa

By: Ilan Solomons     3rd February 2017 The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount significance”, says Mining Indaba MD Alex Grose. This is also a key motivation for the at least 24... 

Centamin to focus on growth projects amid good free cash flow, higher FY earnings

By: Megan van Wyngaardt     1st February 2017 Gold producer Centamin on Wednesday reported a 357% increase in its pre-tax profit to $266.8-million for the year ended December 31. This translated into earnings a share increasing from $0.04 in 2015, to $0.23 in the period under review. 

Mining Indaba remains pivotal to Africa 

By: Ilan Solomons     27th January 2017 The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount significance”, says Mining Indaba MD Alex Grose. This is also a key motivation for the at least 24... 

Endeavour expects production to rise, costs to fall in 2017

By: Megan van Wyngaardt     23rd January 2017 West-African gold miner Endeavour Mining produced a record 583 712 oz of gold in 2016, at a low all-in sustaining cost (AISC) of around $895/oz, achieving both its ambitious production guidance of 575 000 oz to 610 000 oz and its AISC guidance of $870/oz to $920/oz for the year. This was... 

West African gets permit in Burkina Faso

By: Esmarie Swanepoel     19th January 2017 The government of Burkina Faso has awarded junior gold developer West African Resources a mining permit for its Sanbrado gold project, formerly know as the Tanlouka project. MD Richard Hyde said on Thursday that with the award of the mining permit, the company would now focus on completing the... 

Acacia jumps in London on $4bn Endeavour merger talks

By: Bloomberg     17th January 2017 Acacia Mining jumped to the highest in almost two months after the gold miner confirmed it is in early-stage talks with rival Africa-focused producer Endeavour Mining Corp. about a possible merger of the two companies which have a combined value of about $4-billion. Acacia, which mines the... 

West African Resources targets feasibility study

By: Megan van Wyngaardt     20th December 2016 Gold developer West African Resources’ ongoing high-grade reverse circulation drilling at the M1 prospect, at its 100%-owned Tanlouka gold project, in Burkina Faso, has delivered good results. The ASX-listed company noted on Tuesday that the drilling programme has intercepted 3 m at 16.5 g/t gold... 

The impending trade facilitation agreement

By: Riaan de Lange     16th December 2016 Two years ago, December 12, 2014 to be exact, my last column for the year was simply titled, ‘Trade facilitation’, and now again, my final column for 2016 is devoted to trade facilitation - the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) that is. This time around, however,... 

Zina Solaire solar photovoltaic power plant project, Burkina Faso

By: Sheila Barradas     15th December 2016 The project involves the construction of a 26.8 MW solar photovoltaic plant. 

Sarama formalises accord to buy Orezone’s Bondi project, places scrip in escrow

By: Henry Lazenby     13th December 2016 TSX-V-listed Sarama Resources has formalised an agreement to acquire the Bondi gold project from Orezone Gold, in Burkina Faso, saying it has placed common shares as payment in escrow, pending government approvals and the transfer of the underlying Djarkadougou exploration permit. “We look... 

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