R/€ = 15.24 Change: -15.09
R/$ = 13.08 Change: -12.95
Au 1249.65 $/oz Change: -1.57
Pt 927.00 $/oz Change: -3.00


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... 

Ghana signs $10bn MoU with China for bauxite project – senior Minister

By: Reuters     29th June 2017 Ghana has signed a $10-billion memorandum of understanding (MoU) with China to develop its bauxite industry, the country's Senior Minister Yaw Osafo-Maafo said on Wednesday. Growth in the West African country slowed sharply in 2014 due to a fiscal crisis and tumbling commodity prices following... 

Few resource-rich countries properly manage their natural resources – report 

By: Reuters     28th June 2017 More than 80% of the world's major mining, oil and gas-producing countries fail to adequately govern the way they extract and manage natural resources, according to an index that tracks accountability and corruption. Eritrea was the worst performer in the annual index released by the New... 

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.... 

Inata workers placed on ‘technical unemployment’

By: Anine Kilian     10th May 2017 West Africa-focused Avocet Mining has placed most of its workers at its Inata gold mine, in Burkina Faso, on “technical unemployment” for the next three months, as the company seeks to lower fixed costs during production stoppages. Production at the Inata mine continues to be affected by... 

Endeavour reports higher headline earnings as Q1 output rises

By: Henry Lazenby     9th May 2017 Intermediate Canadian gold producer Endeavour Mining has reported an adjusted loss for the three months ended March 31, as higher year-on-year output benefited from relatively strong realised prices and low, yet slightly higher, all-in sustaining costs (AISC). The London, England-headquartered... 

Roxgold to expand exploration activities in Burkina Faso to support growth strategy

By: Mia Breytenbach     9th May 2017 TSX-listed Roxgold expects its exploration activities to increase this year to support the company’s organic growth strategy, with an approved exploration budget of $8-million. Roxgold noted in a statement that a further round of drilling, totalling about 11 000 m, will be undertaken in the... 

Nexus Gold receives new permit for Burkina Faso gold project

By: Anine Kilian     28th April 2017 Nexus Gold has received a new work permit for its Burkina Faso-based Bouboulou gold concession. The new permit is for an initial term of three years and can be renewed twice for a total term of nine years.  

Interest in nuclear energy said to be rising across sub-Saharan Africa 

By: Keith Campbell     21st April 2017 There is more interest in nuclear energy in sub-Saharan Africa than is generally realised. According to the World Nuclear Association (WNA), countries in the region which are individually planning or considering nuclear power are Ghana, Kenya, Namibia, Nigeria, Senegal, Tanzania, Uganda and... 

Cross-border power to boost African economies

By: Robyn Wilkinson     21st April 2017 With the announcement of an ambitious power project to connect Cape Town and Cairo within the next three years by regional orhganisation the Eastern Africa Power Pool, the opportunities for reliable cross-border electricity generation are once again in the spotlight, says power generation... 

Interest in nuclear energy said to be rising across sub-Saharan Africa

By: Keith Campbell     21st April 2017 There is more interest in nuclear energy in sub-Saharan Africa than is generally realised. According to the World Nuclear Association (WNA), countries in the region which are individually planning or considering nuclear power are Ghana, Kenya, Namibia, Nigeria, Senegal, Tanzania, Uganda and... 

Wealth gap leaves Ivorians craving share of 'economic miracle'

By: Bloomberg     20th April 2017 Standing knee-deep in muddy water to sift gravel in oppressive heat, a handful of middle-aged miners search for diamonds, clinging to what seems like a dying trade in a region with few job opportunities. “It’s unpredictable,” Pierre Silue, a 46-year-old miner wearing ragged clothes, said as he... 

Hummingbird secures $60m debt facility with West African bank Coris

By: Natasha Odendaal     11th April 2017 Aim-listed Hummingbird Resources has secured a four-year $60-million senior secured term debt facility with West Africa-based Coris Bank International to fund the ongoing construction of the Yanfolila gold mine, in Mali. The new debt agreement replaced the funding line previously anticipated with... 

Avocet appoints new CEO, CFO to assist in the company’s restructuring

By: Anine Kilian     3rd April 2017 West Africa-focused gold producer Avocet Mining has appointed Boudewijn Wentink as CEO with immediate effect. His primary strategic objective will be to ensure the refinancing and restructuring that is critical to the future of the company. 

Wärtsilä supplies 15 MW solar plant in Burkina Faso

By: Megan van Wyngaardt     22nd March 2017 Technology group Wärtsilä has entered into an agreement with independent power producer Eren Renewable Energy’s 90%-owned Essakane Solar, in Burkina Faso, to supply it with a 15 MW solar photovoltaic (PV) power plant. The remaining 10% is owned by Eren’s development partner African Energy... 

Endeavour, Acacia end merger talks

By: Henry Lazenby     22nd March 2017 Canadian gold miner Endeavour Mining has halted discussions with London-listed Acacia Mining regarding a potential merger. Endeavour, which operates a portfolio of gold mines in West Africa, has held talks with Acacia – which is majority owned by Canada's Barrick Gold – since mid-January. 

Vital raises A$5m to advance Burkina Faso exploration

By: Esmarie Swanepoel     21st March 2017 Metals developer Vital Metals will raise A$5-million through a share placement to accelerate gold exploration in Burkina Faso. The junior told shareholders on Tuesday that some 400-million new shares would be issued, at a price of 1.25c each, to professional and sophisticated investors. 

On-The-Air (17/03/2017) 

By: Martin Creamer     17th March 2017 Business leader Patrice Motsepe yesterday gave a stern warning to the mining industry to take mining communities extremely seriously; The State-owned IDC is supporting a new low-cost, low-energy technology that could be a massive cost saver for struggling platinum mines; and the Canadians this... 

Trevali expands geographic footprint to Africa as zinc tide rises

By: Henry Lazenby     14th March 2017 Canadian base metals producer Trevali Mining is expanding its geographic footprint into Africa with the $400-million acquisition of diversified mining and marketing company Glencore’s 80% interest in the Rosh Pinah mine, in Namibia, and 90% interest in the Perkoa mine, in Burkina Faso. HSBC... 

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