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Topic - Burkina Faso
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Feb 28, 2015
Canadian gold producer Endeavour Mining has reported a significantly wider net loss for the three months ended December, as notable impairment charges on its Tabakoto mine, in Mali, weighed on financials. The ASX- and TSX-listed company on Thursday reported a net...
Feb 26, 2015
West Africa-focused gold producer Endeavour Mining has filed an ‘early warning report’, as required by National Instrument 62-103, after increasing its holdings in Mali-focused explorer Legend Gold to about 18.75%. Vancouver-based Endeavour had received a further...
Feb 24, 2015
TSX-listed Semafo has completed the replacement of the shell of the semi-autogenous grinding mill at the Mana mine, in Burkina Faso. Despite the shutdown between January 19 and February 23, the miner reported on Tuesday that it still produced 22 220 oz of gold,...
Feb 24, 2015
In the field of biotechnology (biotech), South Africa is the leader in Africa, having realised an economic gain of $1.15-billion between 1998 and 2012 from the use of genetically modified (GM) crops or biotech crops.
Feb 23, 2015
The Mankarga 5 gold project, in Burkina Faso, would require a capital investment of about A$46.6-million, owner West African Resources said on Monday, announcing the results of a prefeasibility study (PFS). The ASX- and TSX-listed company revealed that the project...
Feb 20, 2015
A 34% increase in the estimated mineral reserve at Houndé project, in Burkina Faso, has resulted in greater output expectations and a longer mine life, owner Endeavour Mining revealed on Friday. The ASX- and TSX-listed miner said that an expansion of the Vindaloo...
Feb 18, 2015
Merger and acquisition activity in the mining space continued on Wednesday with precious metals streaming firm Sandstorm Gold agreeing to buy smaller rival Gold Royalties in an all-scrip deal worth about C$5.7-million. This followed Tuesday’s announcement that...
Feb 17, 2015
On June 16, 2006, hundreds of countries agreed to a June 17, 2015, deadline to switch off their analogue transmissions; however, insufficient tabs had been kept on the status of the countries’ transition to digital broadcasting and a new platform has been proposed by...
Feb 16, 2015
Feb 12, 2015
Feb 11, 2015
Feb 06, 2015
 
 
 
Feb 06, 2015
Gold miner Avocet Mining said 2014 gold production missed its expectations, hurt by a strike at its Inata mine in Burkina Faso, and said current year output would be similar to that of last year. The company reported full-year production of 86 037 oz for 2014,...
Feb 06, 2015
ASX-listed Golden Rim Resources has signed an agreement to sell its Balogo gold project, in Burkina Faso, to MNG Group of Companies for $10-million. “The cash price being offered for Balogo represents very good value for the company. It means that upon completion of...
Feb 06, 2015
INDUSTRIAL APPLICATIONS Spanjaard's products serve a niche field, whereas competing products are falling short of meeting the requirements of heavy industrial applications
Wynberg-based special lubricants manufacturer Spanjaard’s products are gaining in popularity, owing to their increasing use in many specialised and industrial applications – in a niche field of the sector where competing products are falling short of meeting the...
Jan 30, 2015
Junior explorer Middle Island Resources has started acquisition negotiations on two possible gold assets, the company reported on Friday. The company said that it was actively reviewing project acquisition opportunities in West Africa and Australia, and, to date,...
Jan 30, 2015
The continued fluidity of events in Burkina Faso has made an update on the timeline of TSX-V-listed True Gold's flagship Karma gold difficult to pin down, with the company initially expecting to pour first gold as early as October this year. While the West...
Jan 30, 2015
To start: absolutely nothing justified the murderous attack on the French satirical magazine Charlie Hebdo or on a kosher supermarket, in Paris, early this month. Both were expressions of murderous bigotry. (Alas, bigots are to be found everywhere, but, fortunately,...
Jan 28, 2015
Precious metals streaming firm Sandstorm Gold has entered into no fewer than ten royalty agreements on properties in West Africa and the US. TSX- and NYSE MKT-listed Sandstorm said this week that it expected the royalties to provide it with long-term exposure to a...
Jan 28, 2015
Screens from specialist vibrating equipment manufacturer and supplier Joest are customised to match the metallurgical requirements of a client’s processes and the associated mechanical duty. Joest brands this benchmark its ‘Engineered Solutions’ approach to supplying...
Jan 23, 2015
Jan 21, 2015
Aim-quoted Avocet Mining on Wednesday said it had secured a $1.5-million loan from an affiliate of its largest shareholder Elliott Management. The unsecured demand loan, with an interest rate of 12%, from the 27.7% shareholder’s affiliate, Manchester Securities Corp,...
 
 
 
 
Jan 21, 2015
TSX-V-listed True Gold has been closely monitoring the changing landscape in Burkina Faso, particularly near its project area, over the past six weeks, developing a much clearer understanding of certain of the perceptions and concerns of communities related to its...
Jan 21, 2015
Azimo, the online money transfer service, today announced that customers across Europe can now send money to recipients in Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger, Senegal and Togo in West African CFA francs for instant cash pick-up. Michael...
Jan 16, 2015
Dual listed gold miner Endeavour on Friday announced that gold production in 2014 had exceeded expectations, as the Tabakoto and Nzema mines exceeded their production levels, and the Agbaou mine came into production. During the year to December, Endeavour produced...
Jan 15, 2015
Aim-listed Alecto Minerals has raised £600 000 by way of a placing, through Hume Capital Securities, of 200-million new ordinary shares of 0.01p apiece in the capital of the company at a price of 0.3p a placing share. The net proceeds of the placing with certain new...
Jan 15, 2015
Dual-listed Centamin has appointed COO Andrew Pardey as CEO and executive director, effective February 1, replacing interim CEO Josef El-Raghy, who will continue in his role as chairperson. The company said in a statement that Pardey was instrumental in the...
Jan 14, 2015
Construction activities at Vancouver-based miner True Gold’s Karma gold project, in Burkina Faso, was again temporarily suspended on Wednesday, after an impromptu protest had left certain property and assets damaged.  Company spokesperson Blaine Monaghan told Mining...
Jan 09, 2015
Canada’s Semafo has extended the period for its takeover offer of ASX-listed Orbis Gold until February 6. Semafo was offering Orbis shareholders 65c a share in cash for their shareholding in the Australian gold developer. However, the offer has gained little...
Jan 06, 2015
Aim-quoted Alecto Minerals is on track to deliver a maiden resource estimate for its Kerboulé project this year, increasing the company’s existing gold inventory. The mineral exploration company, focused on West and East Africa, had completed detailed internal...
Dec 24, 2014
Canadian project developer True Gold on Wednesday reported that it had drawn down a further $20.7-million of the $100-million project financing agreement from Franco-Nevada Corporation and Sandstorm Gold. This was the second draw down that True Gold had made under...
Dec 12, 2014
A week-long strike at London-listed Avocet Mining’s Burkina Faso operations has ended; however, a return to operations would take several weeks. Workers at the Inata gold mine downed tools on December 4, illegally occupying the mine and preventing management access...
 
 
 
 
Dec 09, 2014
True Gold Mining, which is developing the $131.5-million Karma gold project, in Burkina Faso, on Tuesday reported that a "disturbance" in a local community had resulted in the company temporarily halting part of the construction activities at the project in order to...
Dec 08, 2014
West Africa-focused gold explorer Sarama Resources on Monday reported that Acacia Mining (formerly African Barrick Gold) had satisfied the conditions precedent of an agreement that would see Acacia earn a 70% interest in the South Houndé project, in Burkina Faso....
Dec 08, 2014
The Zest WEG Group is showcasing its full suite of products and manufacturing capabilities at a flagship infrastructure and iron ore mining project in Liberia. This follows Group company EnI Electrical clinching two major contracts for ArcelorMittal at Buchanan Port...
Dec 04, 2014
Employees of TSX-listed gold producer Semafo on Wednesday returned to work at the company's Mana mine, in Burkina Faso, after operations were suspended on Saturday following an illegal strike. The Montreal-based company said on Monday that workers downed tools...
Dec 02, 2014
Employees at TSX-listed gold producer Semafo's Mana mine, in Burkina Faso, started an illegal work stoppage on Saturday evening. The Montreal-based company said on Monday that this was in spite of an existing collective agreement that remained in effect until...
Dec 01, 2014
The shareholders of takeover target Orbis Gold have backed the company’s plan to raise A$20-million through a nonrenounceable rights issue, priced at 60c a share. The rights issue was a point of contention in the 65c-a-share takeover offer that Canadian firm Semafo...
Nov 27, 2014
The final applications to secure permits to start underground mining at the Gokona pit at North Mara, in Tanzania, were set to be submitted after the board of the newly renamed Acacia Mining approved the project’s definitive feasibility study. The gold miner,...
Nov 25, 2014
TSX-listed Orezone Gold Corporation was on schedule to complete the feasibility study of its Bomboré gold project, in Burkina Faso, during the first quarter of next year, after which it would apply for a mining permit to develop the project during the second quarter,...
Nov 24, 2014
TSX-V-listed Kaizen Discovery on Monday announced that it had completed the sale of its Kerboulé gold project, in Burkina Faso, to Alecto Minerals. Kaizer had received 55-million common shares in Alecto as part of the sales consideration.
Nov 24, 2014
Signatories to the Climate Investment Funds’ (CIF’s) mandate last week agreed to invite a group of new pilot nations to come forward and develop Strategic Programs for Climate Resilience under its Pilot Program for Climate Resilience (PPCR). The African Development...
 
 
 
 
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 has 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...
 
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