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Topic - Burkina Faso
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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 09, 2014
A plan by Burkina Faso's new leaders to review the mining industry after years of opaque management is spooking operators who fear losing tax cuts that they say make operating in the landlocked nation attractive. Over the last decades Burkina Faso has cultivated its...
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 08, 2014
Gold miner Avocet Mining Plc said on Monday it had halted operations at its Inata gold mine in Burkina Faso due to a labour strike. The miner, which is struggling due to lower gold prices, said the strike commenced late on December 4, following talks with workforce...
Dec 05, 2014
Soil degradation holds back African farmers, costing them $68-billion annually and threatening to stall vital food production, a leading agriculture expert said on Thursday. "The problem is certainly getting worse," Sir Gordon Conway, director of the group...
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 03, 2014
Dec 02, 2014
Dec 01, 2014
Nov 28, 2014
 
 
 
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...
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
Dual-listed gold miner Endeavour Mining on Tuesday reported that it had met its all-in sustaining cost (ASIC) target and confirmed that its Burkina Faso mine continued to operate despite the civil unrest in the West African country. The mining company slashed ASICs...
Oct 31, 2014
Goldplat COO Hansie van Vreden
Gold recovery company Goldplat, the South African operations of which generated an operating profit in the three months to September 30, is taking steps to diversify into platinum group metal (PGM) recovery. The London-AIM-listed company, which serves companies...
Oct 31, 2014
Canadian gold miners with operations in Burkina Faso on Thursday said despite the declared state of emergency, their operations were continuing uninterrupted. Burkina Faso President Blaise Compaore had declared a state of emergency following violent protests in the...
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...
 
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