R/€ = 15.92 Change: -0.12
R/$ = 14.14 Change: -0.09
Au 1275.56 $/oz Change: 0.05
Pt 897.02 $/oz Change: -3.47


Capital Drilling poised to meet growing demand for drilling services

By: Tasneem Bulbulia     18th April 2019 Africa-focused Capital Drilling continues to be well positioned for an anticipated uplift in demand, especially in West Africa. “At this early stage of the year, we have already seen some encouraging signs in the market, with robust metals prices, particularly gold, and improving capital markets. 

Sanbrado optimised study predicts 300 000 oz in first year – West African

By: Nadine James     16th April 2019 Sydney-listed West African Resources has increased its forecast yearly gold production from the Sanbrado mine, in Burkina Faso, following an optimised feasibility study. Announcing the results of the study on Tuesday, the company said that Sanbrado would produce 301 000 oz in its first year of... 

Avesoro misses first-quarter production mark, maintains yearly guidance

By: Marleny Arnoldi     11th April 2019 TSX- and Aim-listed gold miner Avesoro Resources’ two mines in Burkina Faso delivered below-target output for the quarter ended March 31, on the back of lower plant throughput. The company, which is headed up by CEO Serhan Umurhan, on Thursday reported consolidated gold production of 45 098 oz... 

Trevali appoints Vale COO Grimbeek its new CEO

By: Creamer Media Reporter      9th April 2019 Base metals miner Trevali Mining has named mining engineer Ricus Grimbeek its president and CEO to take over from Mark Cruise on April 23. Grimbreek, who holds a degree from South Africa’s University of Pretoria, is a mining executive with nearly three decades of experience in the resources... 

TPT sets its focus on African port concession opportunities

By: Shirley le Guern     5th April 2019 State-owned Transnet aims, through its Transnet International Holdings entity, to leverage its expertise to secure port concessions across the African continent. Transnet Port Terminals (TPT) growth and diversification senior manager Dr Darren Fraser told a special interest group gathering under... 

Islamic State claims killing of Canadian geologist in Burkina Faso

By: Reuters     3rd April 2019 Islamic State carried out the kidnapping and killing of a Canadian citizen in Burkina Faso in January, the group's weekly newspaper Al-Naba said, claiming responsibility in its latest issue without providing evidence. Kirk Woodman's body was found on January 16, two days after his abduction by a... 

Sanbrado on track for 2020 production

By: Esmarie Iannucci     2nd April 2019 Gold developer West African Resources on Tuesday said that it was on track to pour its first gold at the Sanbrado project, in Burkina Faso, by the third quarter of next year. The ASX-listed company has drawn down the first $75-million under its $200-million finance facility with Taurus Funds... 

Nordgold to maintain capex at Burkina Faso mines at about $145m

By: Creamer Media Reporter      28th March 2019 Gold miner Nordgold will, this year, maintain its investment in its Burkina Faso mines at similar levels to the $145-million in capital expenditure (capex) invested during 2018. The company, which operates the Bissa, Bouly and Taparko mines in the country, on Thursday said the capex included... 

$30bn investment push into Africa’s downstream oil industry sparks optimism

By: Kim Cloete     28th March 2019 Africa’s demand for energy, which is far higher than that of other regions in the world, is expected to be very positive for the African oil downstream industry, which has seen a $30-billion investment push in logistics, distribution, storage terminals, import facilities and retail marketing in... 

Roxgold delivers record production from Burkina Faso mine

By: Marleny Arnoldi     27th March 2019 TSX-listed Roxgold increase its production to 132 656 oz in the year ended December 31, 2018, from 126 990 oz 2017, exceeding the upper limit of its guidance range, which was capped at 130 000 oz. The company sold 133 303 oz of gold, generating $169-million in sales, compared with the 126 555... 

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