R/€ = 15.79 Change: 0.00
R/$ = 13.22 Change: 0.00
Au 1294.74 $/oz Change: 0.00
Pt 933.00 $/oz Change: 0.00


Zinc darling Trevali poised for further organic, M&A growth as prices climb

By: Henry Lazenby     22nd September 2017 Following the recent $400-million acquisition of a portfolio of zinc assets from mining major Glencore, Vancouver-headquartered Trevali Mining has become the go-to investment vehicle for investors keen to get in on rising zinc prices. Supported by strong fundamentals, including a growing supply... 

Roxgold lifts FY guidance 9%

By: Henry Lazenby     21st September 2017 TSX-listed issuer Roxgold has increased its full-year guidance by nearly 9% to a range of between 115 000 oz and 125 000 oz of gold, compared with the previous guidance of 105 000 oz to 115 000 oz. The Toronto-based company, which operates its flagship Yaramoko gold mine, in the Houndé greenstone... 

Vital raises A$2m to advance Watershed work

By: Esmarie Swanepoel     15th September 2017 ASX-listed junior Vital Metals has raised A$2-million through a share placement to progress its Watershed tungsten project, in Queensland. The company will issue 263.9-million new shares, at 75c each, to professional and sophisticated investors, under its current placement capacity. 

Predictive and Progress team up in Burkina Faso

By: Esmarie Swanepoel     15th September 2017 ASX-listed junior Predictive Discovery has signed a joint venture (JV) agreement with Canada’s Progress Minerals over its exploration permits in Burkina Faso. Predictive’s current tenement holdings in Burkina Faso cover some 100 km of strike length on the Samira Hill greenstone belt, with the... 

Flsmidth Goes Local In Ghana With New Office Opening

     11th September 2017 FLSmidth is further entrenching its Africa footprint with the opening of a new subsidiary company in Accra, the capital of Ghana. According to Deon de Kock, FLSmidth country head in South Africa and vice president in Sub-Saharan Africa, the move has been made in response to the company’s critical... 

Banfora gold project to lift Teranga output by 50%

By: Esmarie Swanepoel     8th September 2017 The Banfora gold project, in Burkina Faso, is expected to require a capital investment of $232-million, ASX- and TSX-listed Teranga Gold reported on Friday. A feasibility study (FS) found that Banfora could deliver an average of 119 000 oz/y of gold over a nine-year mine life, at an average... 

Avocet shares fall 26% as it considers options for SMB subsidiary

By: Anine Kilian     4th September 2017 The share price of LSE-listed Avocet Mining fell by 26% on Monday morning, after the company announced that it was considering filing for insolvency of its Société des Mines de Bélahouro (SMB) subsidiary, which operates the Inata gold mine, in Burkina Faso. This follows after a standstill... 

Glencore sells zinc mines to Trevali for $400m

By: Schalk Burger     1st September 2017 Global diversified mining company Glencore has sold its 80% stake of the Rosh Pinah mine, and its 39% interest in the Gergarub project, both in Namibia, as well as its 90% stake of the Perkoa mine, in Burkina Faso, to zinc-focused base metals miner Trevali Mining Corporation for a total... 

Necsa says second reactor would strengthen Pelindaba’s global nuclear medicine position

By: Keith Campbell     1st September 2017 The worldwide nuclear medicine market in 2016 was worth more than $11-billion and is projected to be worth almost $20-billion by 2021. The South African Nuclear Energy Corporation (Necsa), through its use of its Safari-1 research reactor and its subsidiary company, NTP Radioisotopes, is one of... 

Necsa says second reactor would strengthen Pelindaba’s global nuclear medicine position

By: Keith Campbell     1st September 2017 The worldwide nuclear medicine market in 2016 was worth more than $11-billion and is projected to be worth almost $20-billion by 2021. The South African Nuclear Energy Corporation (Necsa), through its use of its SAFARI-1 research reactor and its subsidiary company NTP Radioisotopes, is one of... 

Savary discovers three new zones, extends known gold zones at Karankasso JV project

By: Henry Lazenby     22nd August 2017 Canadian explorer Savary Gold has discovered three new gold zones at its flagship Karankasso joint venture (JV) gold project, in south-western Burkina Faso, while the latest drilling programme has also extended the known mineralised zones. The TSX-V-listed company, which owns a 69.5% stake in the... 

Avesoro maintains positive Ebitda into Q2

By: Natasha Odendaal     11th August 2017 TSX- and Aim-listed Avesoro Resources has achieved positive earnings before interest, taxes, depreciation and amortisation (Ebitda) for the second consecutive quarter. Ebitda reached $900 000 for the quarter ended June 30, after the company achieved positive Ebitda for the first time during the... 

Endeavour sells Ghana gold mine for $65m

By: Esmarie Swanepoel     10th August 2017 West Africa-focused miner Endeavour Mining will sell its 90% stake in the Nzema gold mine, in Ghana, to private contract miner BCM International for $65-million. CEO Sebastien de Montessus said on Wednesday that the sale enabled Endeavour to sharpen its focus on its long-life low-cost operations,... 

Semafo rallies as Siou grade control trends back on track

By: Henry Lazenby     9th August 2017 Canadian gold producer Semafo on Wednesday rallied strongly in Toronto after it confirmed its revised production guidance for the year, on the back of grade stabilisation at the Siou satellite pit of the Mana mine, in Burkina Faso. The West Africa-focused miner reiterates its 2017 outlook of... 

Sarama completes C$1.85m private placement

By: Natasha Odendaal     7th August 2017 TSX-V-listed Sarama Resources last week announced the completion of its C$1.85-million private placement. Sarama issued 10.27-million common shares to raise proceeds to advance resource exploration of properties in Burkina Faso, and for general working capital purposes. 

Endeavour confident of reaching FY production, cost targets; Houndé construction on track

By: Creamer Media Reporter      2nd August 2017 West Africa-focused Endeavour Mining produced 310 923 oz of gold in the first six months of this year, a 19% year-on-year increase, mainly as a result of increased output at the Karma mine, in Burkina Faso, and asset optimisation work undertaken at the Tabakoto mine, in Mali, and the Nzema mine... 

Glencore’s half-year showing prompts analyst gusto

By: Martin Creamer     27th July 2017 Thursday’s half-year production report from diversified mining and marketing company Glencore, which is seen as offering particular leverage to copper and zinc’s currently attractive fundamentals, elicited favourable analyst comment. “Glencore remains our sector top pick,” Barclays Equity... 

Trevali on target with African asset acquisitions as zinc output rises

By: Henry Lazenby     25th July 2017 Trevali Mining's addition of two new African mines paid off in the zinc producer's pro-forma second-quarter results, which showed that 63% of the company's zinc-equivalent payable pounds were contributed from Rosh Pinah (Namibia) and Perkoa (Burkina Faso). Trevali is acquiring both assets from... 

Sarama a step closer to receiving title to key Burkina Faso-based Bondi project

By: Henry Lazenby     21st July 2017 TSX-V-listed Sarama Resources on Thursday announced that the Burkina Faso Ministry of Mines and Quarries has issued an invoice, and Sarama has paid, for the transfer of the Djarkadougou exploration permit, which is host to the Bondi deposit. It is a critical part of Sarama’s growth strategy in... 

Teranga reports record quarter

By: Esmarie Swanepoel     14th July 2017 ASX- and TSX-listed gold miner Teranga Gold has reported record gold production for the second quarter ended June, from its Sabodala mine, in Senegal. During the June quarter, the mine produced 57 557 oz of gold, taking the first-half production to 114 460 oz. 

Nexus works to expand Burkina Faso landholding

By: Creamer Media Reporter      12th July 2017 TSX-V- and Frankfurt Stock Exchange-listed Nexus Gold has entered into a letter of intent (LoI) with Belemyida to acquire the right to earn up to a 100% interest in the Rakounga gold property, which is adjacent to its Bouboulou project, in Burkina Faso. The 250 km2 Rakounga property borders... 

Britain to keep preferential access for poor countries, post-Brexit

By: Keith Campbell     7th July 2017 The British Government has publicly committed itself to maintaining duty-free access to British markets for the world’s least-developed countries (LDCs, as defined by the United Nations) following the UK’s departure from the European Union (EU). London further expressed a desire to increase trade... 

Semafo’s Q2 output slumps as it grapples with grade control at Mana

By: Henry Lazenby     6th July 2017 West Africa-focused gold producer Semafo reported lower gold output for the second quarter ended June, as grade control issues at the Siou satellite deposit of the company's flagship Mana mine, in Burkina Faso, impacted on output. Montreal, Quebec-based Semafo produced 47 600 oz of gold for the... 

Endeavour Mining appoints new COO

By: Megan van Wyngaardt     6th July 2017 TSX-listed gold miner Endeavour Mining has appointed Jeremy Langford COO, effective July 17. Currently Endeavour projects and technical services group VP, Langford will succeed Attie Roux, who is retiring after seven years with the company. 

Mining Indaba offering new junior zone, boosting interface opportunities 

By: Martin Creamer     4th July 2017 Strong new thrusts are planned for next year’s Investing in African Mining Indaba, which is scheduled to take place at the Cape Town International Convention Centre from February 5 to 8, once again to support investment in mining companies operating in Africa and to provide an effective platform... 

Acacia paid $184m in taxes to governments in 2016

By: Megan van Wyngaardt     30th June 2017 Gold miner Acacia Mining paid $184-million to the governments of countries where it operates in 2016. Of this, $88.11-million in income tax and royalties was paid the government of Tanzania. When payroll-related and other taxes are included, this figure rises to 165-million. 

Endeavour to acquire Avnel to further strengthen high-quality project pipeline

By: Mia Breytenbach     29th June 2017 Canadian gold producer Endeavour Mining will acquire gold mining, exploration and development company Avnel Gold, which owns the Kalana gold project in Mali, in an all-share transaction valued at about $122-million. The transaction, which is expected to close in September, has been unanimously... 

Consolidation key to Sarama’s success in Burkina Faso’s best gold belt

By: Henry Lazenby     27th June 2017 Asset consolidation in the southern Houndé gold belt, in Burkina Faso, is critical to Perth, Western Australia-based project developer Sarama Resources successfully establishing “a mine or two” in the region. The company, which is incorporated in Canada’s province of British Columbia and has its... 

West African Resources secures C$15m for exploration drilling at Sanbrado

By: Megan van Wyngaardt     23rd June 2017 Dual-listed West African Resources has entered into an agreement with Sprott Capital Partners to act as lead underwriter for the purchase of 46.8-million ordinary shares at C$0.32 apiece, to raise C$15-million. The underwriters will also have the option to acquire up to an additional... 

Brazilian agency providing remote sensing training for African countries

By: Keith Campbell     16th June 2017 Brazil’s Instituto Nacional de Pesquisas Espaciais (INPE – National Institute for Space Research) has been providing training for Earth observation (EO) specialists from African and other countries (in Asia and Latin America), under its Capacitree programme, which is a capacity-building project... 

Newly developed chemical on trial in S Africa and Zim

By: Marleny Arnoldi     16th June 2017 Chemcol, the latest product in research and development (R&D) from chemicals supplier ChemQuest, is currently on plant trials and laboratory evaluations at three platinum mines in South Africa and Zimbabwe concurrently.  

Earth observation satellites starting to bring benefits to mining sector

By: Keith Campbell     2nd June 2017 At last month’s International Symposium on Remote Sensing of the Environment, held at the Council for Scientific and Industrial Research (CSIR), in Pretoria, one of the very many topics addressed was the use of remote sensing, particularly from earth observation (EO) satellites, to support the... 

Avocet subsidiary secures debt standstill agreement with creditors

By: Creamer Media Reporter      31st May 2017 LSE-listed Avocet Mining’s Société des Mines de Bélahouro (SMB) subsidiary, which operates the Inata gold mine, in Burkina Faso, has entered into a standstill agreement with its major trade and financial creditors – a key milestone in SMB's balance sheet restructuring process.   SMB and its major... 

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.... 

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