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Guinea aims to become a regional gold refining hub following President Mamady Doumbouya's immediate ban on raw gold exports, with a new $30-million refinery capable of processing 530 t a year initially, rising to 733 t at full capacity, and commercial operations expected in July 2026. Mines Minister Bouna Sylla says Guinea produced about 2.32-million ounces last year, worth about $7-billion, but retains less than 1% of that value domestically, and the move joins a broader push by West African producers including Ghana, Mali and Burkina Faso to process bullion locally rather than exporting it to the Middle East and beyond.
Endeavour advances Assafou project with 4.4-million-ounce reserve and 16-year mine lifeMultinational mining company Endeavour Mining's 2026 definitive feasibility study on its Assafou gold project in Côte d'Ivoire confirms maiden proven-and-probable reserves of 77.4-million tonnes grading 1.76 g/t gold for 4.4-million ounces and a 16-year mine life producing an average 257 000 oz/y, with upfront capital expenditure estimated at $1.061-billion and a pretax net present value of $2.91-billion at a $2 500/oz gold price. The company is targeting a final investment decision before the end of 2026, followed by a 24- to 30-month construction period.
West Africa Updates
Gold exploration company Hamak Strategy has entered into an amendment and restatement of its existing funding arrangements with institutional investor YA II PN, a subsidiary of global asset manager...
Guinea aims to become a regional gold refining hub, its mines minister said, joining a broader push by West African producers to process bullion locally rather than exporting it to the Middle East...
Assafou is considered to be one of the most significant gold discoveries made in West Africa over the past decade.
As mining operations across Africa continue to focus on productivity, improved sustainability and operational efficiency, FLS is strengthening its regional strategy through closer customer...
The future of the African packaging and print industry looks promising, with the market projected to grow over the next five years, providing strong opportunities for businesses involved in...
A major iron-ore operation in West Africa is rapidly expanding, and modular building solutions company Bolt Modular is helping it keep pace, reports Bolt Modular MD Nick Alexander. Bolt Modular is...
By: Nnadozie Ogbuehi - Vice President for Services, SSA at Schneider Electric Across West Africa, organisations are increasingly rethinking how they manage critical assets and operational...
The results of a prefeasibility study (PFS) on ASX-listed Turaco Gold’s Afema gold project, in south-east Côte d’Ivoire, identify several opportunities to further improve the already compelling...
JSE-listed Omnia achieved a strong performance for the financial year ended March 31, with its diversified business model and execution in its Agriculture and Mining segments enabling it to weather...
As mining operations across West Africa place increasing pressure on plant reliability, cost control and long-term asset performance, FLS is strengthening its regional presence by positioning...
Schneider Electric, a global energy technology leader, has announced the availability of its next-generation BlokSeT low-voltage (LV) switchboard for the West African marketplace. The switchboard...
Aim-listed GoldStone Resources says significant progress is being made by MinCorp – a private company in Sierra Leone developing several small-scale gold mining licences – in establishing...
As a global supplier of engineering solutions for minerals and mining applications, Weir is preparing to showcase its range of solutions for the mining sector at the West African Mining and Power...
More than 2 800 industry professionals attended the inaugural editions of West Africa Infrastructure Expo and HVACR Nigeria, which were held over three days at the Landmark Centre, in Lagos,...
Mining development in West Africa is entering a new growth phase shaped around the development of more technically complex projects, particularly underground mining opportunities; higher...
This year’s West African Mining & Power Expo (WAMPEX), which is endorsed by the Ghanaian Ministry of Lands and Natural Resources, will convene over 6 000 mining professionals while celebrating its...
Minerals industry association Ghana Chamber of Mines aims to catalyse new investment partnerships, strengthen supplier and operator links, and elevate discussions regarding mineral value addition...
While buoyed by a solid performance in the leasing market, JSE-listed Zeda saw its profit for the six months ended March 31 dip as a lukewarm domestic economy, global headwinds and changing new-car...
West Africa-focused Cora Gold reports that its flagship Sanankoro project, in Mali, is progressing towards construction readiness. This includes the start of the front-end engineering design (FEED)...
TSX-V-listed OreCap Invest Corporation has exercised all of its outstanding common share purchase warrants of Canadian junior Awalé Resources at a price of $0.20 apiece, bringing OreCap’s total...
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