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Endeavour increases 2016 production guidance

By: Natasha Odendaal     29th July 2016 TSX-listed Endeavour Mining has increased its full-year production guidance for the 2016 financial year, following the company’s March acquisition of True Gold’s 90% interest in the Burkina Faso-based Karma mine, which is in its ramp-up phase. The group on Friday said that it expected higher... 

Teranga Gold sets new production record

By: Megan van Wyngaardt     29th July 2016 Dual-listed Teranga Gold has recorded its “best ever” production for a second quarter, producing 52 540 oz in the three months ended June. This brought the company’s half-year production to 123 267 oz, spurred by its mill throughput surpassing one-million tons for only a third time in the... 

South Africa ranks moderately on food security index

By: Megan van Wyngaardt     27th July 2016 South Africa is ranked at 47 out of the 113 countries in this year’s Global Food Security Index (GFSI), reflecting a one-position decline from 2015, but an overall 0.6 point score increase. The country ranked first among its sub-Saharan African peers and landed in the top ten of... 

Stanbic receives Côte d’Ivoire banking licence

By: Anine Kilian     25th July 2016 Standard Bank, trading as Stanbic Bank, has been awarded a banking licence in Côte d’Ivoire.  The group opened a representative office in the country in December 2013, signaling a drive towards establishing a presence in Francophone West Africa. 

Mozambique reports unquantified diamond discovery

By: Keith Campbell     22nd July 2016 In Mozambique, the National Director of Mines last week confirmed that diamonds had been discovered in the Massangena district of the Gaza province. Talking to the Maputo newspaper Notícias, he refused to say how many diamonds had so far been found, but stated that exploration and prospecting... 

Gryphon raises A$4.4m from Teranga for Burkina Faso project

By: Mariaan Webb     20th July 2016 ASX-listed Gryphon has completed a placement with ASX- and TSX-listed Teranga Gold, raising A$4.4-million for the development of the Banfora gold project, in Burkina Faso. Gryphon, which is subject to a takeover from Teranga set to close in October, will use the funds of the placement to... 

Dover Systems announces more major International orders.

     18th July 2016 South African Psychometric Testing Program – The Dover Test –Latest export orders to Guinea Bauxite, West Africa and Panama Gold, has expanded its positive degree of international success. The Dover Test (www.doversystems.co.za) with has been an industry standard for the past 30 years.  Expansion... 

Côte d'Ivoire to begin construction of two power plants by 2017 

By: Reuters     15th July 2016 Côte d'Ivoire will start building a gas-fired power station near its commercial capital Abidjan later this year with work on a second plant due to start by 2017 at the latest, a government official said on Thursday. The world's top cocoa grower has emerged from a decade-long of crisis as one of... 

Airbus Defence & Space believes its tactical transports are ideal for Africa

By: Keith Campbell     15th July 2016 With 57 of its twin-engined light and medium tactical transport aircraft already in service with 14 countries in Africa, Airbus Defence and Space (DS), part of the Airbus Group, believes its products are ideal to meet the continent’s needs, both regarding transport and intelligence, surveillance... 

Progress being made at West African Resources’ Tanlouka project

By: Anine Kilian     23rd June 2016 Aim-listed West African Resources (WAR) has started a $12.5-million feasibility study at its Tanlouka gold project, in Burkina Faso, with the mine’s metallurgical test work drilling programme also nearing completion. “The company has presented the project to the National Commission of Mines and... 

Teranga expands in West Africa with Gryphon acquisition

By: Mariaan Webb     20th June 2016 Canada’s Teranga Gold would add a second West African gold project to its fold, announcing on Monday that it would buy Australia’s Gryphon Minerals, which owns the Banfora project in Burkina Faso. The acquisition of Gryphon would position Teranga, which owned and operated the Sabodala gold mine,... 

IAEA helps Mauritius wage war on fruit flies

By: Reuters     14th June 2016 The International Atomic Energy Agency (IAEA) is helping Mauritius to assist the island country “step up its fight against fruit flies threatening valuable crops” the IAEA said on Monday. The IAEA has given Mauritius a new irradiator that would help it to accomplish this purpose by using the... 

Gold Fields mulls buying AngloGold’s Iduapriem mine in Ghana

By: Bloomberg     6th June 2016 Gold Fields said it is interested in buying AngloGold Ashanti Ltd.’s Iduapriem mine in Ghana as the precious metal producer seeks to increase output from West Africa by about two-thirds to one-million ounces. Gold Fields is also looking for opportunities to buy mines in Mali, Burkina Faso and... 

Alcatel-Lucent and NITA successfully complete the new Eastern Corridor Rural Fibre optic backbone project in Ghana

     6th June 2016 Alcatel-Lucent and NITA (National Information Technology Agency), the ICT policy arm of Ghana’s Ministry of Communications, are celebrating the successful completion of the Eastern corridor rural fibre optic backbone project which will open up communications across rural areas of Ghana. John... 

Sarama acquires Bondi gold deposit

By: Anine Kilian     24th May 2016 TSX-listed Sarama Resources has signed a binding heads of agreement with gold producer Orezone Gold to to acquire its Bondi gold deposit, which is near Sarama’s South Houndé project, in south-western Burkina Faso. The South Houndé and Karankasso projects were located 30 km from Bondi, presenting... 

Roxgold pours first metal at new Burkina Faso mine

By: Henry Lazenby     18th May 2016 TSX-V-listed Roxgold has poured first gold totalling 1 020 oz at the Yaramoko gold project, in Burkina Faso. The pour took place thirteen months from breaking ground and the Yaramoko mine was built on budget, ahead of schedule and was one of the highest-grade gold mines in the world, the company... 

Alecto raises capital to bring Zambia gold mine on stream

By: Anine Kilian     17th May 2016 Africa-focused gold and base metals exploration company Alecto Minerals has raised £665 000 through a share placement to provide the company with additional working capital to bring the 400 000 t/y openpit Matala gold project, in south-central Zambia, into low-cost production.  The company issued... 

End of commodities boom hits African countries

By: Keith Campbell     13th May 2016 The global commodities super cycle has come to an end, sharply lowering the price of oil, gas, metals and minerals,” stated the World Bank in its most recent ‘Regional Overview for Africa’ review (published in late March). “As a net commodities exporter, Africa is deeply affected by falling... 

BASF increases its footprint in Ivory Coast

     11th May 2016 BASF, the world's leading chemical company, establishes a legal entity in Ivory Coast to enable future growth opportunities. BASF is looking at Ivory Coast as the hub country for West Africa French Speaking countries and has expanded its capabilities considerably to continue innovating in this... 

Grindrod delivers 6 locomotives to Bolloré Logistics for Sitarail

By: Yolande Botes     6th May 2016 Pretoria-based Grindrod Locomotives has delivered six of the 16 locomotives ordered by Bolloré Logistics for their Sitarail operation in the Côte d'Ivoire and Burkina Faso, in West Africa. The locomotives which were ordered in June 2015 were shipped in April this year. The R400-million order... 

Alecto awarded extended exploration contract

By: Anine Kilian     5th May 2016 Africa-focused gold and base-metal exploration and development company Alecto Minerals has been awarded an additional three years for its Gassel-Manere and Arae mineral exploration permits, known as the Kerboulé project, in Burkina Faso.   The company said on Thursday that this was a crucial step... 

Endeavour back in the black as AISC drops and output rises

By: Henry Lazenby     3rd May 2016 Africa-focused Canadian gold producer Endeavour Mining has reported a $3-million, or $0.05 a share, headline profit for the three months ended March 31, as markedly lower all-in sustaining costs (AISC) and higher year-on-year sales boosted the miner's financial performance. The TSX-listed miner,... 

Vital launches scoping study in Burkina Faso

By: Esmarie Swanepoel     28th April 2016 ASX-listed junior Vital Metals has launched a scoping study at its Kollo gold deposit, in Burkina Faso, to evaluate the feasibility of an openpit project. MD Mark Strizek said on Thursday that the project provided a compelling near-term development and cash flow opportunity for Vital Metals. 

Endeavour, True Gold shareholders approve merger

By: Henry Lazenby     22nd April 2016 The shareholders of Canadian gold producers Endeavour Mining and True Gold have approved the proposed merger of the companies on Thursday, paving the way for the creation of a new West Africa-focused intermediate gold producer, with a portfolio of low-cost producing assets spread across Côte... 

Gryphon tips underground potential in Burkina Faso

By: Esmarie Swanepoel     18th April 2016 Gold hopeful Gryphon Minerals on Monday unveiled the potential for an underground operation at its Banfora project, in Burkina Faso. The company told shareholders that recent study work had demonstrated the potential for a future high-grade underground mining operation in addition to the... 

Sarama completes first phase of Burkina Faso exploration programme

By: Anine Kilian     13th April 2016 Africa-focused gold explorer Sarama Resources has completed the first phase of its $3.5-million 2016 exploration campaign on the 2.1-million-ounce South Houndé gold project, in Burkina Faso. The exploration programme included geochemical and geophysical surveys, as well as aircore, reverse... 

Endeavour’s Houndé project enters construction phase 

By: Henry Lazenby     11th April 2016 West Africa-focused gold miner Endeavour Gold’s 90%-owned Houndé project, in Burkina Faso, has entered the first phase of construction after the company’s board took a construction decision, the company announced on Monday. The Houndé project was expected to deliver average production of 190 000... 

True Gold announces first gold production at Karma

By: Anine Kilian     11th April 2016 TSX-listed True Gold has achieved first production at its Karma gold mine in Burkina Faso mine, the miner said on Monday. “We are delighted to pass this key milestone at the Karma mine and are now focused on the ramp-up period [aimed at] achieving commercial production,” said True Gold CEO... 

Taiwanese trade mission ends African tour in Joburg

By: Dylan Slater     8th April 2016 Nonprofit trade and investment promotion organisation the Taiwan External Trade Development Council (Taitra) hosted 25 Taiwanese enterprises in Johannesburg last month to assist in developing relations with local companies.  

Kenya’s bid to make mining a key economic pillar being stymied by bad policies

By: John Muchira     1st April 2016 Efforts by Kenya to transform the mining sector to a key economic pillar are being hampered by policies that make the country unattractive to foreign investors. According to a new report from Fraser Institute, of Canada, Kenya’s mining sector ranks among the bottom 10 in the world in terms of... 

Lower gold price impacts on Centamin earnings

By: Anine Kilian     22nd March 2016 Dual-listed gold miner Centamin’s earnings before interest, taxes, depreciation and amortization (Ebitda) dropped 8% to $152-million for the year ended December 31, 2015, owing to lower gold prices and changes in production inventories in. Cash costs decreased to $713/oz from $729/oz in 2014,... 

Denham to continue backing BioTherm

By: Natasha Odendaal     14th March 2016 South African independent power producer BioTherm Energy has secured financial backing for its next series of renewable energy projects under Round 4 of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). Energy and resources-focused global private equity firm and... 

Denham Capital continues investment in BioTherm Energy for Round 4 and Expedited Window Projects

     14th March 2016 African Independent Power Producer, BioTherm Energy, has emerged as a dominant player following the South African Department of Energy’s last announcement of Preferred Bidders for Round 4 of its Renewable Energy Independent Power Producer Procurement Program. The company won preferred bidder... 

New platform targets small African renewables projects 

By: Natasha Odendaal     14th March 2016 A new platform to support small-scale and distributed renewable-energy projects within sub-Saharan Africa has been launched, with initial targets of getting 150 MW of new generation off the ground over the next five years. The Renewable Energy Performance Platform (REPP), developed by the... 

Gryphon exits Mauritania

By: Esmarie Swanepoel     14th March 2016 unior gold developer Gryphon Minerals will be exiting Mauritania after TSX-V-listed Algold Resources exercised an option over Gryphon’s interest in the Tijirit gold and Akjoujt copper/gold projects. Gryphon in October last year signed an option agreement with Algold Resources, which would... 

Takeover target True Gold starts leaching at Karma, with first gold mere weeks away

By: Henry Lazenby     8th March 2016 Canadian project developer True Gold has started irrigating ore on the heap leach pad at its Karma gold project, in Burkina Faso, and reported Tuesday that commissioning of the absorption, desorption and refining plant was well under way. Mining was ahead of schedule, with about 600 000 t of... 

Good karma comes to True Gold as Endeavour swoops in with C$191m acquisition offer

By: Henry Lazenby     4th March 2016 The TSX-V-listed stock of Canadian project developer True Gold on Friday spiked 30% to new one-year highs after fellow Canadian miner Endeavour Mining moved to acquire the company for its 90% interest in the Karma project, in Burkina Faso, in an all-scrip deal valued at about C$191-million. The... 

Nigerian mining earmarked for growth, but GDP contribution in last five years a measly 0.15%

By: Ilan Solomons     4th March 2016 Nigeria’s attempt to revitalise its solid minerals sector as part of a broad strategy to lessen its dependence on oil and gas is yet to produce substantial results, with the sector contributing less than 0.15% to the country’s gross domestic product (GDP) in the past five years. The mining of... 

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