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Topic - Burkina Faso
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Jul 29, 2014
AECI CEO Mark Dytor
AECI’s explosives arm AEL has branched out into Australia as it teams up with undisclosed customers for the supply of explosives into this new market. An AECI office had been established in Brisbane, while preparations were under way to ship a bulk emulsion plant...
Jul 29, 2014
A scoping study into ASX- and TSX-listed West African Resources’ Mankarga 5 project, in Burkina Faso, has estimated that the gold project could have a net present value of some A$84-million. The scoping study estimated that the project would have an internal rate...
Jul 18, 2014
LSE-listed Nordgold on Wednesday said refined gold output of 476 100 oz was achieved during the first half of the year – a 14% increase on the prior corresponding period as eight of the gold producer’s nine mines achieved a year-on-year production increase. The...
Jul 16, 2014
ASX-listed junior Predictive Discovery has welcomed a cornerstone investment by fellow-listed Aurora Minerals. Aurora would acquire a 17.2% stake in Predictive Discovery by acquiring more than 66.6-million shares currently held by the African Lion 3 Fund, at a price...
Jul 14, 2014
This month’s report includes details of South Africa’s historic five-month platinum strike; Gryphon Minerals’ mining permit for the Banfora gold project, in Burkina Faso; and iron-ore developer Sundance Resources’ appointment of the engineering, procurement...
Jul 04, 2014
Jun 13, 2014
South Africa’s phenomenal minerals revolution, which has its roots in the last quarter of the nineteenth century, facilitated not only the establishment and growth of the largest and most diversified mining sector in Africa, but also the emergence of a...
Jun 12, 2014
Avocet Mining says it continues to progress a business review initiated in January to address the company's financial requirements, with discussions with “multiple parties” about possible investment or asset sale transactions to repay the outstanding $15-million...
Jun 09, 2014
Jun 04, 2014
Jun 02, 2014
Jun 02, 2014
 
 
 
May 30, 2014
The Agriculture Fast Track Fund (AFT) has awarded grants valued at $1.35-million for the development of two high-value agriculture projects in Mozambique. The projects – EcoFarm Sugar Cane Production and Odebrecht Integrated Poultry Production – were selected...
May 26, 2014
True Gold on Monday reported that it had on Thursday broken first ground at its Karma project, in Burkina Faso, marking the start of construction of a 97 000 oz/y gold mine, slated to pour its first yellow metal late next year. The TSX-V-listed project developer said...
May 16, 2014
A content delivery partnership between worldwide software provider IMImobile and media company African Press Organisation (APO) is set to deliver an exclusive feed of Africa-related news releases issued by governments, institutions, nongovernmental organisations,...
May 15, 2014
Sukari, Egypt.
Egypt-focused gold producer Centamin recorded a weaker year-on-year financial performance for the three months ended March 31, as output slumped owing to lower grades caused by mining fleet unavailability. The Perth, Australia-based miner, which operates the Sukari...
May 13, 2014
Canadian resource firms Syncrude Canada and Iamgold were on Monday recognised with the inaugural Towards Sustainable Mining (TSM) Awards at the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) awards gala, in Vancouver. Iamgold was recognised with the...
May 13, 2014
West Africa-focused gold explorer Sarama Resources has embarked on a private placement to raise up to $3-million through the issuance of up to 20-million units at a price of $0.15 apiece. Each unit would comprise one common share of the company and 50% of one common...
May 12, 2014
TSX-V-listed True Gold Mining on Monday announced that it had completed building the fresh water reservoir at its Karma gold project, located in Burkina Faso, which would provide water for mine construction and operational needs, as well as providing a year-round...
May 12, 2014
Luxembourg last week became the African Development Bank’s (AfDB’s) twenty-sixth nonregional member country, further strengthening its commitment to contributing to Africa’s development through the use of the AfDB’s multilateral instruments. Over the next...
May 12, 2014
Gold miner Endeavour Mining Corporation has reported a significant increase in gold production during the three months to March, as its Agbaou mine, in Côte d'Ivoire, added to production. During the first quarter, Endeavour delivered 105 912 oz of gold, compared...
May 09, 2014
JOHANNESBURG (miningweekly.com) – Aim-listed African gold producer Goldplat’s third quarter saw a turnaround by its two gold recovery operations in South Africa and Ghana, with several initiatives aimed at improving the efficiency and profitability having...
 
 
 
 
May 07, 2014
The NYSE- and TSX-listed stocks of Vancouver-based gold miner Iamgold Corp on Wednesday lost some ground after the company reported narrower first-quarter earnings, mainly the result of lower revenue and lower realised prices. The mid-tier gold producer, with five...
May 05, 2014
ASX-listed junior Aurora Minerals has become a cornerstone investor in fellow-listed Golden Rim Resources by providing A$3-million in funding. Under the terms of the loan, Golden Rim could repay the funds in two tranches, with the first tranche repayable by...
May 02, 2014
ASX-listed Blackthorn Resources is on the hunt for a project partner to help fund the development of its Kitumba copper project, in Zambia. At the end of April, Blackthorn announced that an optimised feasibility study for the project had more than tripled...
Apr 23, 2014
Bissa mine
LSE-listed Nordgold on Wednesday said refined gold output of 211 100 oz was achieved during the first quarter of the year – a 15% increase on the prior corresponding period as eight of the gold producer’s nine mines achieved a year-on-year production increase....
Apr 17, 2014
Weighing up the factors impacting the gold market this year, 2014 looks set to be a second year of price decline for gold, with precious metals consultancy Thomson Reuters GFMS continuing to forecast an average of $1 225/oz for the year. The organisation’s Gold...
Apr 16, 2014
ASX-listed Blackthorn Resources has signed an agreement with mining major GlencoreXstrata to sell its remaining 27.3% interest in the Perkoa zinc project, in Burkina Faso, for $12-million. Under the terms of the transaction, Blackthorn would receive $10-million for...
Mar 26, 2014
Dual-listed junior West African Resources has completed a A$3-million capital raising to fund drilling and scoping studies for its heap leach project in Burkina Faso. The ASX- and TSX-listed company had issued some 23.1-million shares, at 13c each, to raise the funds.
Mar 19, 2014
West Africa-focused gold producer Endeavour Mining on Wednesday said that it had widened its full-year 2013 net loss to $332.5-million, or $0.81 a share, compared with a net loss of $15.5-million, or $0.06 a share in 2012, as it booked a $506.9-million before-tax...
Mar 14, 2014
The inaugural Africa Transformation Report has one key and unequivocal message: the resumption of growth in many African countries is a necessary yet insufficient ingredient to sustainable development. Six of the world’s fastest growing economies are currently in...
Mar 10, 2014
Weakened gold prices in the latter half of 2013 dampened London-listed gold miner GoldPlat’s first-half results, swinging the company to an operating loss of £694 000 for the six months ended December 31, from a profit of £2.05-million for the first half of the...
 
 
 
 
Mar 05, 2014
ASX-listed Gryphon Minerals, which is developing the Banfora gold project in Burkina Faso, has agreed an earn-in deal with fellow-listed Boss Resources, giving it exposure to the Houndé belt, which it says is “one of the most prolific” in the country. The...
Mar 03, 2014
Feb 28, 2014
The adoption of technology to produce genetically modified (GM) crops has become the fastest growing technology worldwide and the subsequent commercialisation globally has been unprecedented, Life Sciences for the Commonwealth Scientific and Industrial Research...
Feb 25, 2014
Increased demand for chemical explosives by the South African mining sector drove speciality group AECI’s earnings for the year ended December 31 northwards, pointing to a stronger minerals industry than that of 2012. However, strikes in the platinum mining...
Feb 24, 2014
Australia-listed junior Golden Rim has raised $491 000 in a placement to raise funds to ensure the continued progress at its Balogo project, in Burkina Faso, while it investigated longer-term funding options. The company is currently undertaking environmental and...
Feb 20, 2014
Dual listed West African Resources was targeting a 2015 production start at its Mankarga 5 project, in Burkina Faso, after acquiring a second-hand heap leach plant. MD Richard Hyde said on Thursday that the 1.6-million tonne a year plant was currently located in...
Feb 20, 2014
Canada's Iamgold swung to a quarterly loss as gold prices fell, and said its capital spending in 2014 would be 40% lower than last year as it had completed the expansion of a mine in West Africa. The company earmarked 2014 capital expenditure of about $400-million,...
Feb 14, 2014
ASX-listed junior Blackthorn Resources has suspended opencut operations at the Perkoa zinc mine, in Burkina Faso, it reported on Friday, citing resource underperformance, weaker metal prices and “unacceptable” openpit financial results. Earlier this week, joint...
Feb 06, 2014
Centamin West Africa Holdings – a wholly owned subsidiary of TSX- and LSE-listed Centamin – has extended its takeover offer for ASX-listed Ampella Mining, but has told that company’s shareholders that it would not increase its offer price. In December,...
Feb 04, 2014
An optimisation study has identified a low-cost heap-leach start up for developer Gryphon Minerals’ Banfora gold project, in Burkina Faso. Initial estimates have placed a $208-million development cost on the Banfora project, with production targeted at around 150...
 
 
 
 
Feb 03, 2014
Eight countries in Southern Africa have earned a position among the top 20 "most exciting African mineral jurisdictions". According to an investment guide released on Monday, they are South Africa, Zimbabwe, Namibia, Botswana, Mozambique, Zambia, Madagascar, and Malawi.
Jan 28, 2014
Junior gold developer Gryphon Minerals has received the environmental permit for its Banfora gold project, in Burkina Faso. The ASX-listed company said on Tuesday that the milestone was the penultimate step in becoming fully permitted, allowing the flagship Banfora...
Jan 23, 2014
Nord Gold's Bissa mine
London-listed Nord Gold exceeded its 2013 production guidance of 850 000 gold-equivalent ounces with record output at its Bissa gold mine, in Burkina Faso, and the turnaround of underperforming mine sites beginning to deliver results. The gold producer reported a...
Jan 20, 2014
ASX-listed West African Resources has successfully completed the acquisition of TSX-listed Channel Resources, after shareholders approved the deal in December. West African has now issued more than 32-million ordinary shares and 14.9-million three-year share...
Jan 20, 2014
The cyclical resources market holds ample potential to ensure the savvy investor abundant returns, and if the timing of market pullbacks and expansions could be predicted, many more investors would be rich. However, author of the Resource Opportunities newsletter,...
 
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