R/€ = 16.31 Change: 0.01
R/$ = 14.35 Change: 0.00
Au 1414.80 $/oz Change: -18.51
Pt 807.53 $/oz Change: -5.48


What are Bafana’s chances at Afcon?

By: Martin Zhuwakinyu     21st June 2019 Apologies to readers of this column who cannot tell FIFA from UEFA or CAF: this week I focus on football, which the Brazilian legend known to much of the world simply as Pele famously described as “the beautiful game”. Starting at 22:00 tonight, when Zimbabwe takes to the field against Egypt at... 

Côte d’Ivoire smart grid improves power security, access to power pool

By: Schalk Burger     14th June 2019 A smart electricity grid solution, developed and built by electricity multinational ABB, provides connectivity for all critical elements of the grid, helps operators to balance supply and demand and, crucially, enables Côte d’Ivoire to access the West African Power Pool (Wapp), says ABB Power... 

Sarama resumes exploration activities at South Houndé

By: Tasneem Bulbulia     13th June 2019 West Africa-focused gold explorer and developer Sarama Resources has restarted exploration activities at its South Houndé project in Burkina Faso, with a focus on oxide targets. This restart follows the recent agreement to terminate the company’s earn-in agreement with Acacia Mining. 

Avesoro in talks to re-hire Youga openpit contractors

By: Simone Liedtke     12th June 2019 Negotiations remain ongoing between West Africa-focussed gold producer Avesoro Resources’ openpit mining contractor, Orkun, and former employees of the company’s openpit operation at its Youga mine, in Burkina Faso. Negotiations are being handled with a view to re-hiring the employees. 

Trevali recruits former Barrick COO to its board

By: Creamer Media Reporter      7th June 2019 Vancouver-headquartered zinc miner Trevali has appointed former Barrick COO Richard Williams to its board of directors. Commenting on the appointment, chairperson Jessica McDonald said that Williams’ track record as a global mining leader and board member, as well his unique set of skills and... 

Nordgold recovers from fourth-quarter net loss

By: Marleny Arnoldi     24th May 2019 Aim-listed gold miner Nordgold has had a less productive first quarter and, on Friday, reported a 6% year-on-year decline in production to 211 700 gold-equivalent ounces (GEO), compared with the 225 100 GEOs produced in the first quarter of 2018. Production for the quarter was also 9% lower... 

Pioneers and projects that shone at African Power, Energy & Water Industry Awards

By: Kim Cloete     17th May 2019 A dynamic South African leader in renewable energy, a former influential government minister in Ethiopia, the Ghana Grid Company and a range of renewable energy projects were among the winners at the annual African Power, Energy & Water Industry Awards announced in Cape Town this week. The... 

Avesoro's first-quarter Ebitda margin improves to 16%

By: Creamer Media Reporter      15th May 2019 West African gold producer Avesoro Resources achieved a 102% quarter-on-quarter increase in earnings before interest, taxes, depreciation and amortisation (Ebitda) to $9.5-million for the first quarter of this year. Its Ebitda margin also improved to 16%, compared with the 8% margin achieved in... 

Acacia concludes termination of earn-in agreement over Burkina Faso project

By: Creamer Media Reporter      15th May 2019 London-listed Acacia Mining has signed the definitive documentation required to terminate its earlier earn-in agreement with TSX-V- and FSE-listed Sarama Resources over the South Houndé project, in Burkina Faso. Acacia announced in November last year that it would divest of the project, following... 

South African company secures Potain distributorship

By: Nadine James     10th May 2019 Having secured Southern African distributorship for French tower- and self-erecting crane producers Potain, service provider Crane & Hoist Equipment SA expects to continue its sustainable growth path over the next five years, says sales director Louw Smit. The distributorship, effective as of... 

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