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Iamgold says growth projects robust as third-quarter output slips

By: Mariaan Webb     7th November 2018 Canada-based Iamgold has a robust pipeline of development projects and is looking to bolster its credit facility to facilitate its growth strategy, president and CEO Steve Letwin said on Tuesday, after reporting lower third-quarter production and revenue. The company, which operates mines in the... 

AfDB to institute climate risk management programme for African countries

By: Tasneem Bulbulia     30th October 2018 The African Development Bank (AfDB) has approved the Africa Disaster Risks Financing (ADRiFi) programme – the institution’s first climate risk management programme aimed at boosting resilience and responding to climate shocks in regional member countries. The initial phase is expected to run from... 

Industry growth demands maintenance skills

By: Tracy Hancock     26th October 2018 With the growth in wind energy utilities, the demand to install, repair and maintain such facilities in Africa, including South Africa, is on the rise, says Knowledge Pele (KP) Academy head Richard Setati. He tells Engineering News that many reports and commentators attest to the overall growth... 

Trevali lowers Caribou mine guidance

By: Mariaan Webb     23rd October 2018 TSX-listed Trevali Mining has lowered its zinc and lead production guidance for the Caribou mine in Bathurst, New Brunswick, but the company remains on track to achieve its consolidated zinc production guidance. The Caribou mine’s zinc guidance has been lowered from a range of 86-million to... 

Pollutec 2018 shines the spotlight on Burkina Faso

By: Tasneem Bulbulia     23rd October 2018 Pollutec 2018, which will mark the fortieth anniversary of this international environmental trade show, is set to cover 14 key industry sectors, and focus keenly on Africa – notably Burkina Faso – as well as other key regions, such as South America and South-East Asia. Pollutec has featured an... 

Avesoro on track to convert 1Moz from resources to reserves

By: Marleny Arnoldi     10th October 2018 TSX- and Aim-listed Avesoro Resources has reported positive drill results from its Ouaré and Gassore West deposits, and the discovery of two mineralised vein systems that are 1.5 km east of the company’s Youga gold processing plant, in Burkina Faso. Avesoro aims to convert 1-million ounces of... 

Avesoro’s Q3 production in line with expectations

By: Tasneem Bulbulia     9th October 2018 West African gold producer Avesoro Resources produced 47 177 oz of gold from its New Liberty mine, in Liberia, and its Youga gold mine, in Burkina Faso, in the quarter ended September 30, bringing year-to-date gold production to 175 496 oz. Ore mining rates increased at both New Liberty and Youga... 

Boss sells Burkina Faso project stakes to JV partner Teranga

By: Esmarie Iannucci     3rd October 2018 Uranium developer Boss Resources has struck a A$10-million deal with its joint venture partner Teranga Gold to divest of its interest in the Golden Hill and Gourma projects, in Burkina Faso. Under the terms of the transaction, Boss will sell its shares in Boss Minerals and Askia gold, which... 

Struggling Avocet says it has sufficient funding to continue operating for 12 months

By: Marleny Arnoldi     1st October 2018 Aim-listed struggling gold miner Avocet Mining, amid company refinancing and restructuring, says it has sufficient funds for at least the next 12 months at the current and expected rate of spending. In the six months ended June 30, Avocet sold its subsidiaries in Burkina Faso, as well as its... 

Orange, MainOne team up in submarine cable expansion

By: Natasha Odendaal     28th September 2018 French telecommunications group Orange and connectivity and data centre services provider MainOne Cable have signed an agreement that will see Orange inject undisclosed major investments into the West African submarine cable system MainOne. Under the partnership, Orange will acquire additional... 

Illegal blockade temporarily halts Trevali’s Peru mine

By: Creamer Media Reporter      26th September 2018 Operations at the Santander zinc mine, in Peru, have been temporarily halted, owing to an illegal blockade by a group of community members claiming that the company has failed to satisfy its investment obligations. The blockade had stopped the delivery of scheduled supplies to the mine,... 

Aveng reports strong market interest in most of its noncore assets 

By: Terence Creamer     26th September 2018 Following a series of capital markets transactions, which have helped stabilise Aveng’s precarious balance sheet, the JSE-listed infrastructure group has turned its attention to the disposal, by June 2019, of several noncore businesses, including its well-known construction business,... 

Trevali refinances credit facility

By: Creamer Media Reporter      19th September 2018 Zinc miner Trevali has refinanced its credit facility and managed to secure an improved pricing, which should save the miner up to $5-million over a four-year term, it announced on Wednesday. Trevali entered into an amended and restated credit agreement with a syndicate of lenders for a... 

Nordgold launches new Russia mine

By: Mariaan Webb     13th September 2018 Gold miner Nordgold has formally launched its third mine – the new Gross operation in Yakutia, Russia, which will turn the company into an one-million-ounce a year producer. The Gross mine will operate for 17 years and is expected to add 200 000 oz/y of to Nordgold’s production profile. 

Mali's Keita names new defence and mines ministers for second term

By: Reuters     10th September 2018 Malian President Ibrahim Boubacar Keita named new defence, mines and foreign ministers on Sunday as he began his second five-year term presiding over a country ravaged by jihadist and inter-ethnic violence. Keita was sworn in last week after winning a landslide re-election despite escalating... 

Semafo’s Boungou achieves commercial production

By: Creamer Media Reporter      6th September 2018 The Boungou gold mine in Burkina Faso achieved commercial production on September 1, Canada-based miner Semafo reported this week. Commercial production was declared when operations reached the internal commercial production measure of 30 consecutive days of mill throughput at 75% of nominal... 

Sanbrado financing to be in place by year-end

By: Esmarie Iannucci     29th August 2018 Gold developer West African Resources will secure financing for its 90%-owned Sanbrado gold project, in Burkina Faso, by the fourth quarter of this year, with first gold pour targeted for the back-end of 2020. Speaking at the first day of the Africa Downunder conference, West African MD Richard... 

Nordgold production to pick up in H2 as Gross mine comes on stream

By: Marleny Arnoldi     28th August 2018 Gold producer Nordgold expects to pour first gold at its Gross mine, in Russia, before the end of September, which will have a positive impact on the company’s production for the second half of this year, enabling it to comfortably reach its million-ounce target. Gross is expected to mine and... 

Semafo implements new transport measures for expats in Burkina Faso

By: Simone Liedtke     20th August 2018 Following two armed incidents at TSX-listed gold mining company Semafo’s Mana and Boungou mines, in Burkina Faso, which claimed the lives of eight people in the last two weeks, the company is now transporting all expatriate employees to the mine sites by helicopter. In addition, a ground military... 

Plateau Energy Metals appoints CEO

By: Creamer Media Reporter      20th August 2018 Canadian lithium and uranium exploration company Plateau Energy Metals, which is advancing projects in the Macusani Plateau in south-eastern Peru, has a new CEO. The company announced on Monday that its board had appointed Alex Holmes, who most recently was a partner and cofounder of Oxygen... 

Semafo reports two more deaths in restive Burkina Faso

By: Schalk Burger     17th August 2018 TSX-listed West Africa-focused gold exploration and production company Semafo on Friday reported that a bus transporting employees from the town of Bobo-Dioulasso to the Mana mine, in Burkina Faso, had been shot at by armed bandits on Friday morning. One Semafo national employee and one... 

Stratex proposes name change

By: Anine Kilian     16th August 2018 Aim-listed Stratex International is proposing to change its name to Oriole Resources. The proposed change reflects a repositioning of the company following the appointment of new CEO Tim Livesey and CFO Bob Smeeton earlier this year and a refocusing of the group's activities on early-stage... 

Roxgold says 2018 output may be at upper-end of guidance

By: Anine Kilian     15th August 2018 Burkina Faso-focused Roxgold has delivered strong second-quarter production and cash flow results, standing the company in good stead to achieve the upper end of its 2018 production guidance. For the three months to June 30, TSX-listed Roxgold achieved gold production of 35 828 oz of gold,... 

Six killed in armed incident near Semafo’s Boungou mine

By: Simone Liedtke     14th August 2018 West Africa-focused Canadian mining company Semafo on Monday reported that five gendarmes and one subcontractor employee had lost their lives in an armed incident that occurred between the town of Fada and the Boungou mine site, in the Est region of Burkina Faso. While operations at the Boungou... 

Avesoro’s interim Ebitda, revenue rise

By: Simone Liedtke     13th August 2018 TSX- and Aim-listed Avesoro Resources has reported earnings before interest, taxes, depreciation and amortisation (Ebitda) of $64.6-million for the six months ended June 30, compared with Ebitda of $1.1-million reported for the first half of the 2017 financial year. With a 318% year-on-year... 

Trevali lifts Q2 zinc output

By: Simone Liedtke     10th August 2018 TSX-listed Trevali Mining saw achieved higher zinc production in the second quarter, ended June 30, and remains on track to achieve its full-year production and cost guidance, president and CEO Dr Mark Cruise said on Friday. Production guidance for the year remains unchanged at 400-million to... 

Industry provider to expand African footprint

By: Tasneem Bulbulia     10th August 2018 With many emerging and developing industries in Africa, as well as greater awareness of environmental issues and concerns, instrumentation manufacturer E Instruments regards the continent as an area of growth for its business. E Instruments product manager Bill Freed tells Engineering News that... 

Miner Trevali reports worker death at Burkina Faso mine

By: Reuters     9th August 2018 Zinc miner Trevali Mining Corp said on Thursday an accident at its Perkoa Mine in Burkina Faso resulted in the death of a worker. The miner was hired by a contractor, the company said. 

West African appoints executive to oversee Sanbrado development

By: Simone Liedtke     6th August 2018 As ASX- and TSX-V-listed West African Resources moves into the development phase at its 90%-owned Sanbrado gold project, in Burkina Faso, the gold developer has also announced a key management appointment and project update. Matthew Wilcox will join the West African executive team as chief... 

Endeavour on track to meet full-year production, cost guidance

By: Simone Liedtke     1st August 2018 TSX-listed Endeavour Mining produced 147 000 oz of gold in the second quarter, taking output for the first half of the year to 299 000 oz. The gold miner on Wednesday reported that it is on track to meet its full-year guidance of between 555 000 oz and 590 000 oz. 

Golden Rim raises cash for Kouri

By: Esmarie Iannucci     30th July 2018 ASX-listed Golden Rim Resources will raise A$3-million through a share placement to fund work at its Kouri gold project, in Burkina Faso. The company on Monday said that some 116-million fully paid ordinary shares will be placed to institutional and sophisticated investors, priced at 2.6c each,... 

BioTherm reaches financial close on four renewables projects

By: Creamer Media Reporter      25th July 2018 African renewable energy development platform and power producer BioTherm Energy has reached financial close on a 284 MW portfolio of wind and solar projects in South Africa as part of the fourth round of the South African Renewable Energy Independent Power Producer Procurement Programme. The... 

Nordgold plans to rapidly advance exploration at Burkina Faso mine

By: Marleny Arnoldi     20th July 2018 The exploration programme at gold producer Nordgold’s Taparko mine, in Burkina Faso, is advancing rapidly and is on track to achieve its objectives of replacing mined gold and increasing resources. In 2017, exploration activity added more than 200 000 oz to Taparko’s mineral resources and some... 

Panthera completes initial RC drilling at Burkina Faso project

By: Marleny Arnoldi     16th July 2018 Aim-listed gold exploration and development company Panthera Resources has completed 1.07 km of reverse circulation (RC) drilling over eight holes at its Naton project in southern Burkina Faso.  

M&A advisory firm aims to use SA as gateway to African market

By: Nadine James     13th July 2018 Washington DC-headquartered mergers and acquisition advisory firm Taylor Advisory announced last week that it was entering the African market through South Africa with the appointment of Francois Baird as its Africa co-chairperson and Riaan Rademan as its South Africa co-chairperson. This is... 

Avesoro on track to meet full-year production guidance

By: Marleny Arnoldi     9th July 2018 TSX- and Aim-listed gold miner Avesoro Resources remains on track to produce 220 000 oz to 240 000 oz for the full year, with production having reached 60 231 oz in the quarter ended June 30.  

Côte d'Ivoire eyes biomass power generation from cocoa waste

By: Reuters     3rd July 2018 The world's top cocoa producer Côte d'Ivoire plans to build a 60 MW to 70 MW capacity biomass power generation plant running on waste from cocoa pods, part of its aim of developing 424 MW of biomass power generation capacity by 2030. The plant, which will enable Côte d'Ivoire to diversify its... 

Semafo pours first gold at Burkina Faso mine

By: Creamer Media Reporter      29th June 2018 TSX-listed Semafo has completed the first gold pour at its Boungou mine, in Burkina Faso, slightly ahead of the original schedule. The first pour yielded about 325 oz of gold. 

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