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Topic - Burkina Faso
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Nov 17, 2014
Aim-quoted Alecto Minerals on Monday announced plans to buy 100% of Gazelle Resources, which owned the Burkina Faso-based Kerboulé gold project, from Kaizen Discovery. Alecto agreed to pay Kaizen an initial £350 000 through the issue of 54.99-million new ordinary...
Nov 17, 2014
TSX-V-listed True Gold Mining has, to date, spent, as well as committed, about $51.5-million, or more than 39% of its $131.5-million initial capital expenditure (capex), on the company’s Karma gold project, in Burkina Faso. Prestripping of the Rambo deposit, Karma's...
Nov 11, 2014
In the wake of faltering precious metals prices, Canadian miner Iamgold on Monday announced a plan to cut its executive management team by more than one-third and withdraw certain key industry memberships. The Toronto-based company reported that a recast of the top...
Nov 07, 2014
TSX-listed Semafo have called into question takeover target Orbis Gold’s ability to develop its Natougou project, in Burkina Faso, saying the junior lacked experience in developing and building operating gold mines in West Africa. Semafo, which was offering Orbis...
Nov 07, 2014
I will be going to Mali next week. I quote from the Internet: “Mali is bordered by Algeria to the north, Niger to the east, Burkina Faso to the south, Guinea to the south-west, and Senegal and Mauritania to the west. It is the eighth-largest country in Africa, with...
Nov 06, 2014
West Africa-focused miner Avocet Mining has lowered its full-year output guidance to 95 000 oz of gold, compared with the previously targeted 105 000 oz, owing to lower-than-expected production in the quarter ended September 30. During the third quarter of the year,...
Nov 04, 2014
West Africa-focused gold miner Endeavour Mining expects the current political turmoil in Burkina Faso to set back the permitting schedule for its Houndé project at least until after elections had been held, expected within the next 90 days. The country is under...
Nov 04, 2014
Glencore CEO Ivan Glasenberg
The South Africa-centred ferrochrome production of diversified miner Glencore lifted in the third quarter, as did its global coal, oil and copper production. The London-, Hong Kong- and now also Johannesburg-listed global mining and marketing company, headed by CEO...
Nov 04, 2014
Oct 31, 2014
Oct 31, 2014
Oct 31, 2014
 
 
 
Oct 29, 2014
Dual listed West African Resources has secured a two-year $5-million convertible loan facility from Macquarie Bank to complete its feasibility study of the Mankarga 5 heap leach gold project, in Burkina Faso. The facility would be drawn-down fully by way of a single...
Oct 28, 2014
ASX-listed takeover target Orbis Gold on Tuesday announced the termination of a $20-million subscription and cooperation deed with fellow-listed Greenstone Resources. The termination of the subscription agreement was a condition of a takeover offer from Canadian...
Oct 21, 2014
A preliminary economic assessment (PEA) on TSX-V-listed True Gold’s North Kao deposit has outlined an extra $118-million in after-tax free cash flow for the project developer’s Karma gold project, in Burkina Faso. The report, released on Tuesday, also found that – as...
Oct 20, 2014
London-listed Nordgold has completed the acquisition of Canadan mineral exploration company Goldrush Resources’ Ronguen gold project, 10 km from Nordgold’s Bissa mine, in Burkina Faso. Nordgold had, in June this year, entered into a share purchase agreement with...
Oct 17, 2014
The directors of takeover target Orbis Gold on Friday rejected the takeover offer by Canada’s Semafo, saying the 65c a share cash offer undervalued the company. The Orbis directors also believed that the takeover offer did not factor in the significant near-term...
Oct 16, 2014
Canadian firm Semafo on Thursday launched an official takeover bid for ASX-listed gold developer Orbis Gold, offering shareholders 65c a share in cash. The company had previously notified the market of its intention to launch a takeover bid for Orbis, priced at...
Oct 15, 2014
Dual-listed gold miner Endeavour Mining has reported a solid third quarter of production, with the miner telling shareholders on Wednesday that it was near 83% towards achieving its full-year production guidance of between 400 000 oz and 440 000 oz of gold During...
Oct 14, 2014
An updated scoping study into takeover target Orbis Gold’s Natougou project, in Burkina Faso, has delivered a $169-million increase in expected revenue, and a $87-million in the project’s net present value. The new scoping study incorporated an updated resource...
Oct 13, 2014
TSX-listed gold producer Semafo on Monday announced its intention to launch a takeover offer for ASX-listed Orbis Gold, offering shareholders between 62c and 65c in cash, but the Australian miner responded that the bid was undervaluing the company. The Canadian...
Oct 10, 2014
The share price of ASX-listed Orbis Gold climbed by nearly 16% on Friday, on news that the company had been approached for both corporate and asset-level transactions. Orbis on Friday informed shareholders that it had appointed advisory firm Merrill Lynch to act as...
 
 
 
 
Oct 10, 2014
SIMPLE GRATING Advantages of Vitaglass gratings include a weight reduction to about half of steel gratings
Corrosive conditions in the African water treatment sector have created a high demand for hard-wearing, versatile materials, designed for enhanced safety, according to gratings, treads, pressed floors and handrails company Vital Engineering.
Oct 07, 2014
Following Canadian gold producer Iamgold’s announcement on Friday that it had agreed to sell its Quebec niobium mine to a group of companies led by Magris Resources, the investment company founded by former Barrick Gold CEO Aaron Regent, for $500-million in cash,...
Sep 25, 2014
Osborn modular plant
Johannesburg-based equipment manufacturer Osborn has been awarded an R11-million export order to supply a full modular plant to the Al Rosa iron-ore facility, in Russia, the company announced on Thursday. In addition to the full modular plant, which offered primary...
Sep 19, 2014
The Burkina Faso Council of Ministers has approved the exploitation permits for TSX-V-listed True Gold’s Kao and Nami deposits, which formed part of the Karma gold project. The company pointed out that the Kao and Nami exploitation permits, which were the equivalent...
Sep 19, 2014
The project involves the design, construction and operation of a solar plant in the Boucle du Mouhoun area, in the western part of Burkina Faso.
Sep 17, 2014
West Africa-focused gold miner Endeavour Mining is chasing the top-end of its 2014 production guidance, expecting to beat it and continue to lower costs – all while adding new sources of gold-bearing ore to its production profile. Founder and 30-year veteran of the...
Sep 17, 2014
The African hub of the United Nations Sustainable Energy for All (SE4ALL) initiative was aiming to have assisted 14 countries on the continent in developing energy action agendas and investment prospectuses by the end of this year, the African Union’s (AU’s) New...
Sep 16, 2014
At the current rate of new gold deposit discoveries around the globe, new finds would only be able to replace about 600-million ounces, or half of the industry’s total output in the last 14 years. This was the stark message professional services firm SNL Metals &...
Sep 05, 2014
Junior gold developer Gryphon Minerals would start construction at its Banfora gold project, in Burkina Faso, by the first quarter of 2015, COO Steve Zaninovich told Paydirt’s Africa Downunder. Zaninovich said the company was on the cusp of obtaining finance from...
Aug 25, 2014
Preliminary metallurgical testing results at Canadian junior exploration company Savary Gold Corp and West Africa-focused gold explorer Sarama Resources’ Houndé South property, in Burkina Faso, have shown gold recoveries averaging in excess of 93% for...
 
 
 
 
Aug 15, 2014
ASX-listed junior Golden Rim Resources has continued its funding trail, announcing on Friday a A$3-million term sheet with Sprott Private Wealth. Under the terms of the agreement, Golden Rim would place a minimum of 230-million shares, and a maximum of 275-million...
Aug 14, 2014
Foreign investors were increasingly recognising the untapped potential of sub-Saharan Africa, with Africa expected to have the biggest labour force and faster economic growth than any other region by 2040, PwC’s latest ‘Global Economy Watch’ report has shown. The...
Aug 12, 2014
Trading of the TSX-V-listed stock of Burkina Faso-focused project developer True Gold on Tuesday started on a high note, after the company late on Monday announced that precious metals streaming firms Sandstorm Gold and Franco-Nevada joined forces to provide it with...
Aug 12, 2014
Dual-listed gold miner Endeavour Mining has swung to profit during the June quarter, on the back of record gold production from its mines in Africa. During the second quarter, Endeavour reported earnings before interest, tax, depreciation and amortisation of...
Aug 08, 2014
Frozen potato chips safeguard On July 25, the South African Revenue Service (Sars) imposed a final (definitive) safeguard on frozen potato chips (or French fries), classifiable under tariff subheading 2004.10.20, through two Government Gazette notices. The safeguard...
Aug 06, 2014
Aim-listed west Africa-focused gold mining company Amara Mining on Wednesday announced that mining had been halted at its Kalsaka/Sega gold mine in Burkina Faso, and that the operation would be put into liquidation. The company said this decision followed the receipt...
Aug 05, 2014
Rosebel PV Plant, Suriname
Toronto-based gold producer Iamgold president and CEO Steve Letwin is championing the use of renewable energy as an opportunity for gold mines to reduce costs – a proposition that the company is testing through its Rosebel gold mine, in Suriname. Although saving...
Aug 05, 2014
Africa-focused gold miner Avocet on Tuesday reported a 6% decline in gold production to 21 650 oz for the three months ended June 30, as its Inata mine, in Burkina Faso, was limited to processing lower grade clean ore, to preserve the higher grade carbonaceous ore to...
Aug 04, 2014
Gold hopeful Gryphon Minerals was hoping to pour its first gold at the Banfora project, in Burkina Faso, by the first quarter of 2016. The ASX-listed junior on Monday revealed that the feasibility study into the project had revealed that a capital investment of...
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 of...
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 and...
Jul 04, 2014
 
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