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BioTherm Energy secures 20 MW solar project in Ghana

By: Anine Kilian     23rd September 2016 Independent power producer BioTherm Energy has won the tender to develop a 20 MW solar project in Ghana. The company will build, own and operate the facility under a 20-year power purchase agreement. 

Production starts at Nordgold’s Bouly operation

By: Megan van Wyngaardt     19th September 2016 Gold production has started at Nordgold’s Bouly operation, an expansion of the company’s flagship Bissa mine, in Burkina Faso. The greenfield deposit is expected to produce 120 000 oz/y over a ten-year mine life, with an all-in sustaining cost of $730/oz. 

Construction starts on 372 MW Côte d'Ivoire power plant financed by China

By: Reuters     16th September 2016 Building work has started in Côte d'Ivoire on a 372 MW power plant worth €500-million financed mainly by China Construction Bank and set to open in 2018, Richard Amon, chairperson of Star Energie 2073, said on Thursday. The bank is providing 75% of funds for the Songon power station near the... 

Policy environment failing South African mining – professor

By: Martin Creamer     15th September 2016 South Africa’s policy environment is failing its mining industry, which is suffering an inability to attract investment. In terms of the weighted average cost of capital (WACC), South Africa is trailing many other mining jurisdictions owing to its unstable political economy. 

Industry leaders attending the DMCC Precious Metals Forum in Accra, call on airlines and associations to ban the hand-carriage of gold

     13th September 2016 Over 130 industry delegates descended on Ghana’s capital Accra on 7 September, to attend DMCC’s second Africa Dubai Precious Metals Forum held at the Kempinski Hotel.   Government ministers, regulators, mining industry professionals, security experts, airlines, logistics facilitators and... 

Nexus progresses work programmes at Bouboulou project

By: Megan van Wyngaardt     9th September 2016 TSX-listed Nexus Gold on Friday reported that its second- and third-stage work programmes for the Bouboulou concession, in Burkina Faso, aimed at defining a resource and publishing an estimate, are expected to start in early 2017. The Bouboulou exploration permit, which covers 38.8 km2, is... 

Key rail bridge for Côte d'Ivoire–Burkina Faso trade collapses

By: Reuters     7th September 2016 A bridge on the railway linking Côte d'Ivoire and Burkina Faso collapsed on Tuesday and it will be several months before the trade route between the two countries is fully restored, said Sitarail, a unit of the Bollore group. Nobody was injured when a bridge over the River Nzi close to Dimbokro... 

Big bet on agriculture pays off for African nations

By: African News Agency      6th September 2016 A decade of paying intense attention to farming has generated “the most successful development effort” in African history, according to a report released by the Alliance for a Green Revolution in Africa (AGRA) at the UN’s African headquarters on Tuesday. Analysis of AGRA’s 2016 African... 

Africa’s fastest-growing gold producer says more to come

By: Bloomberg     31st August 2016 Burkina Faso said it has more gold waiting to be discovered as the nation where output jumped more than 20 times in a decade reviews its geological records. The government wants to help companies that are already operating in the West African nation to lengthen the lives of their mines and make... 

Nordgold reports y/y profit loss, lowers production guidance

By: Anine Kilian     30th August 2016 Diversified low-cost gold producer Nordgold’s net profit for the six months ended June 30 was down 30% year-on-year to $94.1-million, compared with the corresponding period in 2015, while half-year revenue decreased by 19% to $520.4-million for the year ended June 30. This could be attributed to... 

Avocet sees H1 production, earnings rise despite challenging market

By: Megan van Wyngaardt     26th August 2016 Despite a tough operating environment, Aim-listed Avocet has achieved a positive performance in the six months to June 30, producing 41 614 oz of gold at a cash cost of $913/oz. This was a slight improvement on the 39 859 oz produced at a cash cost of $1 021/oz in the six months to June 30, 2015. 

West African Resources repays $5m loan

By: Creamer Media Reporter      26th August 2016 ASX-listed West African Resources said on Friday it had repaid a $5-million loan to Macquarie Bank ahead of its maturity date on September 30. The repayment was made following the completion of a A$21-million capital raising, announced earlier this month. 

DRA enjoying rise in gold project share, eyeing more gold opportunities 

By: Martin Creamer     17th August 2016 Mining project house DRA, which has hit the gold project high spots in particularly West Africa, is now well poised to extend that gold triumph further into Central Africa, East Africa and also South Africa. DRA’s impressive penetration of the gold project market has been characterised by... 

Vital raises A$1m to step up activities in West Africa, Australia

By: Samantha Herbst     16th August 2016 ASX-listed junior Vital Metals has raised about A$1-million to advance ongoing gold exploration activities in West Africa, where it recently commenced drilling at its 100%-owned Kollo gold project, in Burkina Faso, to in-fill and extend high-grade gold mineralisation. The proceeds will also be... 

B2Gold launches $100m at-the-market offering

By: Henry Lazenby     13th August 2016 Canadian midtier gold producer B2Gold announced on Friday that it would distribute an at-the-market offering of $100-million worth of common shares from time to time through designated broker-dealers at prevailing market prices. The news resulted in the fast-growing Vancouver-based miner’s... 

IronRidge sets sights on Chad after Tekton deal

By: Natasha Odendaal     12th August 2016 Aim-listed IronRidge Resources has secured a first-mover advantage over a potential major new gold discovery in Chad after entering into a conditional share subscription agreement with private Singapore-registered company Tekton Minerals. The Africa- and Australia-focused mineral exploration... 

West African raises $21m to accelerate Tanlouka project

By: Natasha Odendaal     10th August 2016 ASX-listed West African Resources on Wednesday said it has received commitments for a $21-million raising for the continuing development of its Tanlouka gold project, in Burkina Faso. The funds, raised through the placement of 70-million shares at a price of A$0.30 apiece, allowed further... 

West African edges closer to mining permit

By: Megan van Wyngaardt     8th August 2016 Gold developer West African Resources has moved one step closer to being granted a mining permit for its Tanlouka gold project, announcing on Monday that it had received a favourable opinion by the Burkina Faso Ministry of Environment, Green Economy and Climate Change for its resettlement action... 

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... 

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... 

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