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MTN Ghana delivers double-digit full-year growth

By: Natasha Odendaal     27th February 2020 Telecommunications company MTN Ghana has achieved double-digit growth for the year ended December 31, 2019, as voice, data and Mobile Money (MoMo) revenue surges. Service revenue increased by 22.8%, underpinned by growth in revenue of 19.4%, 32.5% and 28% respectively from voice, data and MoMo. 

Cardinal granted water licence in Ghana

By: Esmarie Iannucci     27th February 2020 ASX-listed junior Cardinal Resources has been granted a water extraction permit for its Namindi gold project, in Ghana, by the Ghanaian Water Resource Commission. The permit allows Cardinal to extract water from the White Volta river for mining and processing purposes and from boreholes within... 

Ghana weighs debt buyout to restructure costly power deals

By: Bloomberg     26th February 2020 Ghana is considering to buy out the debts of independent power producers as a step toward restructuring contracts and reducing its power bill, according to people familiar with the matter. West Africa’s second-biggest economy currently pays as much as $500-million a year for power it doesn’t... 

Kirkland makes two new board appointments

By: Creamer Media Reporter      25th February 2020 Triple-listed Kirkland Lake has appointed Ingrid Hibbard and Peter Grosskopf to its board with immediate effect. Hibbard has more than 30 years of experience spanning all facets of the mineral resources industry. She is currently the president, CEO and director of Pelangio Exploratio, a Canadian... 

Is mining in South Africa a sunset industry? 

18th February 2020 Recently, for the first time in the history of gold mining in Africa, South Africa toppled from its position as the biggest gold producer on the continent, as production figures coming out of Ghana revealed it has now assumed that number one spot. 

AngloGold’s Mponeng sale credit positive – Moody’s

By: Tasneem Bulbulia     14th February 2020 Ratings agency Moody’s Investors Service has rated miner AngloGold Ashanti’s decision to sell its remaining South Africa operating assets to Harmony Gold Mining Company as credit positive. This is because it reduces the company’s average all-in sustaining cost (AISC) by about 2.4% and allows it... 

Prowling lions, corrupt officials block roads to Africa trade

By: Bloomberg     30th January 2020 Nyoni Nsukuzimbi drives his 40 t Freightliner for just over half a day from Johannesburg to the Beitbridge border post with Zimbabwe. At the frontier town – little more than a gas station and a KFC – he sits in a line for two to three days, in temperatures reaching 104F, waiting for his documents... 

Zest WEG Group

24th January 2020 Zest WEG Group, a subsidiary of leading Brazilian motor and controls manufacturer WEG, has a strong commitment to contributing to the development of Africa and has been servicing the mining sector on the continent for more than 35 years. An in-depth understanding of the harsh conditions found... 

Construction activity in sub-Saharan Africa to grow over next two years – Mace

By: Tasneem Bulbulia     17th January 2020 Construction activity in sub-Saharan Africa will grow at an average rate of 7% in the next two years, international consultancy and construction company Mace’s latest cost update for the region indicates. According to the report, continued economic growth is likely set to support construction... 

Bibiani review to be complete in H1

By: Esmarie Iannucci     17th January 2020 Gold miner Resolute Mining on Friday said that the review of its Bibiani gold project, in Ghana, would be completed during the first half of 2020. The miner in December last year initiated a strategic review of the asset to evaluate options for Bibiani, reviewing recommisisoning plans, assess... 

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