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Morocco’s Managem increases stake in Guinea’s Tri-K gold project to 85%

By: Reuters     19th June 2019 Morocco’s leading mining firm Managem said on Tuesday it increased its stake in the Tri-K gold project in eastern Guinea Conakry to 85% after acquiring a 30% stake held by its partner Avocet Mining for $21-million. The acquisition is in line with the group’s strategy to boost its gold production... 

Industrial development funding mix can improve success 

By: Schalk Burger     14th June 2019 A diversified funding mixture to stimulate industrial activity and development will help to improve success and can lead to growth partnerships with investors and government, as well as more rapid growth if successful, states industry body Commercial Aerospace Manufacturing Association of South... 

Dubai chamber to host global business forum on Africa in November

By: Tasneem Bulbulia     13th June 2019 The Dubai Chamber of Commerce and Industry (Dubai Chamber) will host the fifth edition of the Global Business Forum (GBF) on Africa on November 18 and 19, in Dubai. Organised under the theme “Scale Up Africa”, GBF on Africa 2019 will bring together African and United Arab Emirates (UAE)... 

Altus discovers new gold prospect at Ethiopian project

By: Simone Liedtke     12th June 2019 Aim- and TSX-V-listed Altus Strategies has discovered a new gold prospect, Wedi Keshi, at its Daro copper/gold/silver volcanogenic massive sulphide project, in northern Ethiopia. Altus CEO Steven Poulton says the Wedi Keshi prospect has been mapped for about 2 km in length and 300 m in width and... 

Russia’s latest great game in Africa: energy

By: African News Agency      10th June 2019 Vladimir Putin has made no secret of his intention to return Russia to its previous glory as a world power by all means available to him, not least of which has been military aggression such as in Crimea. But on the African continent, where Russia has no colonial hangover like Europe or the... 

Nation built on gold loses its African crown to rival Ghana

By: Bloomberg     10th June 2019 South Africa’s struggling gold industry has suffered yet another humiliation, losing its status as continent leader to Ghana. The country that led global gold production for a century and extracted about half the bullion mined to date is now Africa’s second-largest gold producer. Output is... 

Lufthansa Technik subsidiary opens its first operation in South Africa

By: Rebecca Campbell     7th June 2019 Lufthansa Technik Maintenance International (LTMI) recently opened its new, and first, facility in South Africa. The facility has been established at Johannesburg's OR Tambo International Airport. A second facility is being set up Cape Town. Both facilities are initially intended to provide line... 

Kefi’s project partners pave the way for Tulu Kapi’s development

By: Marleny Arnoldi     6th June 2019 Aim-listed Kefi Minerals has received the last remaining federal government consent for the financing and development of its Tulu Kapi gold project, in Ethiopia. The company explained that the National Bank of Ethiopia finally provided its formal approval of the terms of the proposed full... 

South Africa’s wind power construction to peak at above 1 GW in 2020/21 – WoodMac 

By: Schalk Burger     5th June 2019 Wind energy construction activity in South Africa will peak at more than 1 GW of capacity in 2020/21 as developers race to operationalise projects that were awarded during the fourth bid window of the Renewable Energy Independent Power Producers Procurement Programme, says Wood Mackenzie... 

Altus subsidiary secures exploration licence for copper/gold zone in Ethiopia

By: Marleny Arnoldi     3rd June 2019 A subsidiary of Aim- and TSX-V-listed Altus Resources has been granted a three-year exploration licence for the Zager copper/gold prospect in Ethiopia’s Tigray state. The exploration licence, awarded to Altus subsidiary Altau Resources, covers 285 km2, which hosts 27 km of ophiolite belt within... 

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