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Open letter to Safa president

By: Martin Zhuwakinyu     8th June 2018 Dear Dr Danny Jordaan Congratulations on your recent election for another term at the pinnacle of South African football administration. If there had been any doubt that you are a darling of our football-loving nation, it would have evaporated in the wake of your landslide victory – 234 out of... 

Iamgold reports 39% reserve, 16% output rise at Burkina Faso project

By: Marleny Arnoldi     6th June 2018 TSX- and New York-listed gold producer IAMGOLD has announced positive results from a prefeasibility study (PFS) for its Essakane heap leach project, in Burkina Faso.  

Event to inspire industry to think differently – organisers

By: Jessica Oosthuizen     1st June 2018 Global events company Terrapinn will host the twenty-first annual Africa Rail exhibition and conference at the Sandton Convention Centre, in Gauteng, on June 12 and 13, which it believes will encourage the African railway industry to innovate and think differently. Africa Rail is the meeting... 

Trevali appoints new CFO

By: Anine Kilian     31st May 2018 Gerbrand van Heerden has been appointed CFO of zinc-focused base metals company Trevali, taking over from outgoing CFO Anna Ladd-Kruger, effective June 1. “Van Heerden’s extensive base metals and finance experience will provide a solid foundation to the company as it continues to evolve into a... 

Contractor dies in haul truck accident at Semafo’s Mana mine

By: Simone Liedtke     30th May 2018 An employee at Canada-based gold mining company Semafo’s Mana mine, in Burkina Faso, has passed away after sustaining injuries in a haul truck accident. The accident occurred when the individual, who was driving a haul truck, unexpectedly lost control of the vehicle. 

Africa50, Green Climate Fund, and AfDB to Develop Solar Projects in the Sahel through the Desert to Power Program

28th May 2018 On the margins of the African Development Bank annual meetings, the heads of Africa50, the Green Climate Fund (GCF), and the African Development Bank (AfDB) signed an agreement to collaborate on the Desert to Power Program for solar projects in the Sahel. Alain Ebobisse, CEO of Africa50 stressed... 

Endeavour discovers new mineralised zones at Houndé

By: Anine Kilian     25th May 2018 TSX-listed Endeavour Mining has discovered two new large mineralised zones – Kari Centre and Kari West – at its Houndé mine, in Burkina Faso. Following the Kari Pump discovery in December last year, exploration efforts were prioritised on the wider Kari area, which hosts a large gold-in-soil... 

Semafo signs mining services contract with AUMS

By: Creamer Media Reporter      24th May 2018 TSX-listed Semafo has signed a mining services contract with African Underground Mining Services (AUMS) for the Siou underground mine, in Burkina Faso. AUMS will be responsible for supplying the mining fleet and a skilled labour force for the Siou underground mine, in addition to providing... 

Semafo hits 97% completion at Boungou, expects first gold by June

By: Henry Lazenby     17th May 2018 Montreal-based miner Semafo reports that construction of its $231-million Boungou mine, in Burkina Faso, is 97% complete. Commissioning of the process plant is under way, with the first ore scheduled to be introduced to the mill circuit by month-end, the West Africa-focused miner said on Thursday. 

Avesoro to update New Liberty reserve estimate in Q3

By: Simone Liedtke     17th May 2018 Avesoro Resources will update the market with an increased resource and reserve estimate for its New Liberty mine, in Liberia,  in the third quarter. This follows the completion of a 19 500 m 55-hole infill drilling programme undertaken in the first quarter of the year. The programme was aimed at... 

Roxgold increases full-year production guidance after record Q1 output

By: Schalk Burger     17th May 2018 Burkina Faso-focused Roxgold, which operates the Yaramoko mine, produced 40 452 oz of gold during the first quarter of the year ended March 31, and increased its full-year production guidance to between 120 000 oz and 130 000 oz. The record production for the quarter was driven by improved... 

Nordgold’s Burkina Faso exploration programme on track

By: Marleny Arnoldi     16th May 2018 The 2018 exploration programme at gold producer Nordgold’s Bissa and Bouly mine, in Burkina Faso, is advancing rapidly. The mine is on track to achieve its objectives of replacing mined gold and increasing resources. 

Trevali revenues rise 187%, Q1 earnings miss on Perkoa freight timing

By: Henry Lazenby     11th May 2018 Pureplay zinc producer Trevali Mining has reported adjusted earnings a share of $0.04, missing average analyst earnings forecasts by a penny, on lower-than-expected sales from the Perkoa mine, in Burkina Faso, mainly owing to freight timing at the Port of Abidjan, in Côte d’Ivoire.... 

West African raises A$35m for Sanbrado

By: Esmarie Swanepoel     7th May 2018 Gold developer West African Resources will raise A$35-million through a share placement to fund pre-development work at its Sanbrado gold project, in Burkina Faso. The company on Monday said that some 109.37-million shares will be placed with existing shareholders and global institutional... 

Investment underpins African expansion

By: Tasneem Bulbulia     4th May 2018 Private equity fund Agile Capital’s investment in consulting and engineering services business Bluhm Burton Engineering Group (BBE Group) serves as a prime example of the company’s strategy to aggressively drive expansion into African markets through its portfolio of companies, Agile Capital CEO... 

Exclusive CEO Forum to discuss utilities transformation at AUW

By: Melissa Zisengwe     4th May 2018 CEOs from Africa will meet at the Pan-African Utility CEO Forum to discuss pertinent issues affecting the power, energy and water sectors. The Forum at African Utility Week (AUW), taking place from 15 to 17 May, is the largest of the five forums and is the meeting place for CEOs from across the... 

A monarch’s costly whim

By: Martin Zhuwakinyu     4th May 2018 It is safe to say that many readers of this column now know that what used to be the Kingdom of Swaziland is now the Kingdom of eSwatini, which means ‘the place of the Swati people’. The name change, announced by King Mswati III last month, during celebrations to mark 50 years of independence... 

Glencore Q1 global production in line with full-year guidance

By: Marleny Arnoldi     3rd May 2018 Diversified miner Glencore on Thursday reported that its production for the first quarter was largely in line with expectations across all commodity groups and that its full-year guidance remains unchanged.  

Golden Rim reports 1Moz resource at Kouri

By: Esmarie Swanepoel     3rd May 2018 ASX-listed junior Golden Rim Resources has reported a one-million ounce maiden mineral resource at its Kouri gold project, in Burkina Faso. The project is estimated to host an indicated and inferred mineral resource of 20.8-million tonnes, grading 1.5 g/t gold for one-million ounces of... 

Sanbrado gets environmental nod

By: Esmarie Swanepoel     26th April 2018 The Burkina Faso Ministry of the Environment, Green Economy and Climate Change has given environmental approval to the Sanbrado gold project. Project developer West African Resources said on Thursday that the environmental approval was a key milestone towards the development of the project. 

Semafo’s Boungou mine 91% complete

By: Henry Lazenby     19th April 2018 Montreal-based miner Semafo reported on Thursday that construction of the Burkina Faso-based Boungou mine, in Burkina Faso, is 91% complete, and 10% of the equipment has already been commissioned. Commissioning exercises started in February, focusing first on the crushing circuit equipment and... 

Acacia reports lower Q1 adjusted net earnings, but maintains FY production target

By: Marleny Arnoldi     19th April 2018 Tanzanian gold miner Acacia Mining reported adjusted net earnings of $7-million for the quarter ended March 31, which is 73% lower than the $26.8-million adjusted net earnings reported for the first quarter of 2017.  

Trevali Q1 output a mixed bag but in line with expectations

By: Henry Lazenby     13th April 2018 Zinc-focused miner Trevali Mining has reported first-quarter production that was generally in line with expectations as previous guidance had indicated a light quarter relative to the rest of the year, owing to the impact of seasonal winter conditions on Caribou’s zinc recoveries, in New... 

Burkina Faso to end Timis unit's $1bn manganese deal

By: Bloomberg     12th April 2018 Burkina Faso will proceed with plans to end its agreement with a unit of Timis Mining Corp. to mine a $1-billion manganese deposit even though a dispute about the operation is still pending at the International Court of Arbitration. The West African nation will give Pan African Minerals 90-days... 

Canadian miners report strong Q1 production

By: Henry Lazenby     11th April 2018 Several Canadian miners have started publishing their production results for the three months ended March 31, reporting a strong start to the calendar year. Toronto-based Kirkland Lake Gold has reported strong first-quarter results, with output growing 13% year-on-year to 147 644 oz of gold. 

Avesoro achieves record production at Liberia, Burkina Faso mines in March quarter

By: Marleny Arnoldi     9th April 2018 West African gold producer Avesoro Resources achieved record production at its New Liberty gold mine, in Liberia, and its Youga and Balogo gold mines, in Burkina Faso, in the quarter ended March 31. 

Free trade deal is much ado about nothing

By: Riaan de Lange     6th April 2018 It is the eightieth day of the year as I sit down to write this piece – the first full day of the sign of Aries. In case you are wondering, there are 285 days until the end of the year, and, in another 65 days, it will be Tax Freedom Day. It means that you will need to work up to May 25 to pay... 

West African exchange in charm offensive

By: Martin Zhuwakinyu     6th April 2018 It is refreshing to notice that the regional stock exchange in the French-speaking West African Economic and Monetary Union (WAEMU) is not keeping the eight-country bloc’s shining light under a bushel. The WAEMU region – which comprises Cote d’Ivoire, Benin, Togo, Burkina Faso, Niger, Mali,... 

Gold price seen 'moving north' as world fails to replace output

By: Bloomberg     5th April 2018 Bullion prices are set to rise because there’s been a lack of exploration and the global industry isn’t replacing the reserves it’s been mining, according to Stephen Letwin, CEO at Iamgold. “Gold has a much higher probability of moving north as opposed to south,” Letwin said in an interview at... 

Birimian reports cost savings at Mali lithium project

By: Esmarie Swanepoel     20th March 2018 Lithium hopeful Birimian has reported a number of cost cuts at its Goulamina project, in Mali, following the optimisation of the prefeasibility study (PFS). Birimian on Tuesday reported that transport and handling costs have reduced by an estimated 47%, from $187/t to $100/t, while power costs... 

15 MW Essakane hybrid plant inaugurated in Burkina Faso

By: Simone Liedtke     19th March 2018 The 15 MW Essakane solar plant, in northern Burkina Faso, has been officially opened. The photovoltaic (PV) plant will supply electricity to Iamgold's Essakane gold mine. 

Avocet sells Norwegian subsidiary Wega

By: Simone Liedtke     16th March 2018 Gold mining and exploration company Avocet Mining has sold its wholly-owned Norwegian subsidiary Wega Mining and certain intercompany receivables to Natholmen for $400 000 in cash. The sale forms part of a larger restructuring effort involving its overdue loans totalling $29.2-billion to creditor... 

PEWA to set stage for African energy investment once again

By: Marleny Arnoldi     16th March 2018 With 600-million people in Africa not having access to electricity, the onus is on Power & Electricity World Africa (PEWA) to provide the platform that will encourage investment in infrastructure and grid connection across Africa.  

Trevali's African assets shine as strong Q4 marks year in the black

By: Henry Lazenby     14th March 2018 Zinc producer Trevali Mining's fourth-quarter performance has sealed a positive year for shareholders, rewarding them with profit as the company's expansion into Africa pays off. The Vancouver-headquartered company reported net income of $25.2-million, or $0.03 a share, up 260% from $7-million,... 

Drilling starts on Thor's Senegal assets

By: Henry Lazenby     12th March 2018 Toronto-quoted exploration junior Thor Explorations has puller the trigger on an 8 000 m reverse circulation (RC) drilling programme on its Douta project, in south-east Senegal. This programme follows on from its successful 2017 RC drilling programme that had identified a number of wide,... 

Sarama increases previously announced placement to C$4m

By: Anine Kilian     12th March 2018 TSX-V-listed Sarama Resources has increased its previously announced private placement from C$3-million to C$4-million, owing to strong support from existing shareholders and new investors. The company has increased its offering to up to 40-million common shares at a price of C$0.10 a common... 

WBHO believes SA’s construction cycle has bottomed

By: Irma Venter     9th March 2018 Despite the changing political landscape in South Africa, the construction industry, which has been in the doldrums over the last 24 months, will not immediately experience a change in fortunes, warns Wilson Bayly Holmes-Ovcon (WBHO) CEO Louwtjie Nel. “Government has lots of obligations. We won’t... 

Africa attracts 14% of world's 2017 exploration budget - S&P's

By: Megan van Wyngaardt     5th March 2018 Africa attracted 14% of the $8.4-billion budgeted for exploration for nonferrous metals globally in 2017, Standard & Poor's (S&P's) 'Global World Exploration Trends' report highlights. Exploration in Africa was focused mainly on the Democratic Republic of Congo (DRC), Burkina Faso, Tanzania and... 

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