tagresults
South African companies pleased with trade leads obtained from the DRC
Most of the South African companies that were funded by dti to participate in the 15th edition of the DRC Mining Week exhibition say it has produced good trade leads and tangible results for them.
DBSA sees Ghana as key in building Africa’s prosperity
Speaking during the Development bank of South Africa (DBSA) Investment Summit in Ghana, the South African High Commissioner to Ghana stated that South Africa regards Ghana as a strategic partner on the continent.
IFC and MIGA invest $460 million in Guinea’s bauxite, rail and port projects
IFC and MIGA, members of the World Bank Group, have announced a $460 million debt and guarantee package to support the sustainable development of the Guinea Alumina Corporation bauxite project.
Debmarine Namibia to invest in first ever custom-built diamond recovery vessel
The Board of Directors of Debmarine Namibia, a 50/50 joint venture between the Government of the Republic of Namibia, have approved the construction of the first ever custom-built diamond recovery vessel.
[Mauritius] Maaden acquires Meridian Fertilizer Group
Saudi Arabia’s largest mining company, Ma’aden, will make its first international acquisition with the purchase of an African Fertilizer distribution company.
Vimetco names Afreximbank financial adviser for $130-million Sierra Leone bauxite mine expansion project
The African Export-Import Bank has been selected to serve as the exclusive financial adviser and mandated lead arranger for the $130-million bauxite mine expansion project by Sierra Mineral Holdings Limited.
Komet announces sale of its Assets in Burkina Faso
Canadian-based gold mining and exploration Komet Resources Inc has entered into an agreement to sell all the issued and outstanding shares that it holds in the share capital of its subsidiaries in Burkina Faso.
African Gold Group completes share consolidation
Mining company has announced that it has received final TSX Venture Exchange approval to complete its previously announced share consolidation.
[South Africa] Vantage Capital exits Thebe Timrite
Vantage Capital, Africa’s largest mezzanine debt fund manager, has announced that it has fully exited its investment in Thebe Timrite.
Tiffany trains Africans to cut region-sourced diamonds
More than a quarter of Tiffany's 1500 global diamond cutters and polishers are now based in Africa.
NAS to launch ground handling and cargo services in Mozambique
National Aviation Services (NAS), the fastest growing aviation services provider in the emerging markets will offer comprehensive ground handling and cargo services in Mozambique beginning July 2019.
DR Congo and Barrick renew commitment to develop gold mining industry
DR Congo’s newly elected President Felix Tshisekedi and Barrick Gold Corporation’s Executive Chairman John Thornton have confirmed their partnership to develop the country’s gold mining industry.
Square Kilometre Array milestone reached in South Africa with adoption of environmental management plan
The Department of Science and Technology has welcomed the adoption of the Integrated Environmental Management Plan for phase one of the Square Kilometre Array in South Africa.
[Ghana] Asante Gold explores new mining technology for Kubi Project
Asante Gold Corporation has announced that a new mining technique, Sustainable Mining by Drilling, SMD, is currently under review by the Company for its future application at its Kubi Gold project in Ghana.
Eni Angola renews partnership with HALO Trust
Eni Angola, representing Sonangol - Concessionaire and the partners of Block 15/06 - Sonangol P&P and SSI, signed a new donation contract with HALO Trust in support of the demining activity in the country.
MafAfrique to invest $7 Million in Tanzania minerals export company Tankaz minerals
Advisory and fund management group, MafAfrique, has committed to raising and investing up to $7 Million in Tankaz minerals, Tanzania.
[South Africa] AngloGold Ashanti grows margins and cash flow, charts path forward
AngloGold Ashanti achieved guidance for the sixth consecutive year, with improved margins driving significant growth in free cash flow generation.
[Tanzania] Armadale signs offtake agreement with Matrass for the Mahenge Liandu Graphite project
Armadale has signed an MOU for a proposed offtake agreement with the Matrass Group for high quality graphite products produced at the Company’s Mahenge Liandu Graphite Project in Tanzania.
Handa Mining Corporation signs joint venture agreement to develop copper processing plant in South Africa
Handa Mining Corporation has signed a joint venture agreement with O’Okiep Copper Company and SHIP Copper company to fund and build a processing plant in South Africa.
Roxgold to acquire the Séguéla Gold Project in Côte d'Ivoire
Gold mining company Roxgold Inc. has entered into an agreement with Newcrest West Africa Holdings Pty Ltd to acquire a portfolio of 11 exploration permits in Côte d'Ivoire.
[South Africa] Accenture set to launch Applied Intelligence Studio for mining
Global digital technology and operations company Accenture has announced plans to launch a new Applied Intelligence Studio for Mining in Johannesburg.
[Botswana] Giyani signs $1 million convertible loan facility and marketing agreement with Traxys
Giyani Metals Corp has entered into a non-binding term sheet with Traxys Africa Trading (Pty) Ltd which sets out terms for an investment of $1 million in the form of a secured convertible loan facility.
Lumwana seeks long term partnership with Zambian Government
Barrick Gold Corporation, owners of the Lumwana copper mine, says it is continuing to engage with the Zambian government and community stakeholders about a mutually-beneficial way forward for the operation.
[Botswana] Giyani submits Environmental Management Plan for its Lobatse Manganese Project
Canadian exploration company Giyani Metals Corp has announced the completion of the environmental management plan (EMP) for its Lobatse manganese prospect in Botswana.
[Nigeria] Programme reduces hazardous exposures in small scale mining
A pilot programme to reduce lead poisoning in Nigerian gold mining communities has brought extraordinary improvements to an area where hundreds of children had died from lead poisoning.
[DR Congo] Armadale sells Mpokote Gold Project to African Royalty Company
Armadale has entered into final formal sale agreement with African Royalty Company Limited for the sale of the Mpokoto Gold Project in the Democratic Republic of Congo.
[Burkina Faso] Nexus Gold discovers high-grade samples at New Dakouli 2 Project
Nexus Gold Corp has reported initial sampling results from the recently acquired, 100 per cent -owned, 98-sq km Dakouli 2 Gold Project.
Ophir Energy loses Equatorial Guinea's Fortuna due to licence expiry
Ophir Energy has announced that it has received notification from the Equatorial Guinea Ministry of Mines and Hydrocarbons that the Block R Licence, which contains the Fortuna gas discovery, will not be extended.
[Mauritania] Government grants Algold Resources one year extension to complete Tijirit feasibility study
Algold Resources Limited has announced that the Mauritanian Ministry of Oil, Energy and Mines has granted a 12-month extension to the Corporation for the completion of the Tijirit Gold Project feasibility study.
African Metals closes asset sale
Canadian mineral exploration company African Metals Corporation has completed the sale of all or substantially all of its assets as approved by special resolution of its shareholders.
Angola set to have industrial pole for cutting of diamonds
A pole for diamond-cutting factories, a professional technical school and other diamond-related industries in Angola are set to be inaugurated this year.
[Mali] Endeavour sells interests in Tabakoto Mine to Algom Resources
Gold producing company Endeavour Mining has completed the sale of its interest in the non-core Tabakoto mine located in South Western Mali to Algom Resources Limited.
Mauritania rolls out the welcome mat to investors with new iGuide
Mauritania is serious about “rolling out the welcome mat” to foreign direct investment (FDI) following the launch of an online investment guide in the capital Nouakchott on 22 November.
[Burkina Faso] Roxgold announces completion of Bagassi South Project
Gold mining company Roxgold Inc.has announced completion of the Bagassi South Project in Burkina Faso under budget and on schedule.
[Guinea] President Alpha Conde opens Bel Air mine
Africa Finance Corporation has announced the official opening of the Bel Air mine in Guinea-Conakry, a high-grade bauxite mine.
[Malawi] Mkango renews license for Songwe Hill Rare Earths project
Rare earths exploration and development company focused on Malawi Mkango Resources Ltd., has announced that the Government of Malawi has granted a further two-year renewal.
[Angola] Bongani Investment group invests €3.5 million in ornamental rocks
At least 3.5 million euros have been invested by the Alaturca Pedras Naturais plant, a company belonging to the Bongani Investment group, in the second line of cutting and polishing of ornamental rocks,
Petra Diamonds sells South Africa mine for $14
Petra Diamonds has offloaded its Helam mine in South Africa for a total price of ZAR 200 ($14).
Madagascar female sapphire miners to benefit from value addition training
Female sapphire miners in Madagascar are among the nation’s hardest workers and poorest people, but their future is looking brighter, thanks to University of Queensland research.
[Burkina Faso] Acacia Mining, Sarama terminate earn-in agreement for South Hounde project
Gold mining multinational Acacia Mining has signed a binding conditional agreement with its partner, Sarama Resources Ltd., to terminate the earn-in agreement for the South Houndé Project in south-western Burkina Faso.
[South Africa] DMR initiates ground stability study in areas affected by illegal mining
The Department of Mineral Resources (DMR) has initiated a ground stability study to be undertaken in the Johannesburg area with immediate effect.
[South Africa] African Rainbow Minerals to list on A2X
African Rainbow Minerals has been approved for a secondary listing on A2X Markets and will list on Thursday, 29 November 2018.
African Gold Group announces $1 million private placement to develop Mali project
Exploration and development company African Gold Group intends to complete a best efforts non-brokered private placement financing of up to 20,000,000 units.
[South Africa] Government pulling out all stops to improve investment climate, Trade Minister
The South African government is pulling out all the stops to improve the country’s investment climate with the aim of attracting more investments to achieve the target of $100 billion worth of investments.
Regulatory uncertainty hampers South Africa's mining sector
The Mineral and Petroleum Resources Development Amendment Bill has loomed over South African mining firms since 2014 and caused unwarranted uncertainty in a sector already suffering from rising costs and labour unrest.
[Cameroon] Transformation will come via rigorous development planning, study
A senior official of the UN Economic Commission (ECA), has told Cameroon’s development planning and statistics authorities that the law of the market, called ‘the invisible hand’ in economics, cannot by itself promote diversification, industrialization and the structural transformation of the economies.
Sierra Leone launches $20 million project to support extractives sector governance
The Government of Sierra Leone, in collaboration with the World Bank, has launched the second phase of the Extractive Industries Technical Assistance Project to support the artisanal mining sector in the country.
Terra Drone grows African foothold with South Africa office
Terra Drone Corporation has established a new branch in South Africa specializing in drone solutions for underground and surface mining.
[SA Business Week] Blockchain to curb Cape Town water issues, taxi operators get a boost
Blockchain technology came into being in the early 2009. This invention was faced with a lot of backlash as most people lacked prior information about it and were therefore not ready to risk investing in it.
[Tanzania] Bunyu graphite mining project receives license
Australian mining company Volt Resources (ASX:VRC) has formally received mining licenses ML 591/2018 and ML 592/2018 from the Mining Commission of the Ministry of Minerals of Tanzania.
[Ghana] Asanko Gold launches women in mining empowerment initiative
International mining company Asanko Gold Inc. has launched the Asanko Women in Mining “Botae Pa Initiative” at the Asanko Gold Mine, AGM, in Ghana, West Africa.
[South Africa] Weba Chute Systems expands into Russia with Somex
South Africa-based original equipment supplier Weba Chute Systems has further extended its footprint into the northern hemisphere with the recent appointment of a licensee in Russia.
[Ghana] Asante Gold seeks buyout for Kubi project
Asante Gold has announced that in addition to its previous disclosure re sourcing a 50:50 joint venture partner for the exploration and development of the Kubi Gold project in Ghana, that the company will now consider cash bids for a 100% buy-out.
FACT Zambia launches EITI awareness programme
THE USAID funded Fostering Accountability and Transparency (FACT) programme has launched a project aimed at increasing citizen awareness and engagement on the Extractive Industries Transparency Initiative (EITI) mechanism in Zambia.
[Guinea] Bauxite mining boom threatens human rights, study reveals
Guinea’s fast-growing bauxite mining industry is threatening the livelihoods of thousands of Guineans, Human Rights Watch said in a report released today.
South Africa’s mining industry registers mixed fortunes, PWC report
The 2018 financial year proved to be a challenging year for South African mining companies. Globally, the financial performance of the mining industry improved considerably from the previous year.
Montero Mining, Jiang Xi Yun in lithium production plan in Africa
Mineral exploration and development company Montero Mining and Exploration Ltd has signed a deal with the Jiang Xi Yun Lithium Materials Company Limited of China for joint cooperation and development of lithium production in Africa.
Caledonia Mining announces upgrade at Zimbabwe mine
Caledonia Mining Corporation Plc has announced an upgrade to the resource base at its 49 per cent owned subsidiary, the Blanket Mine in Zimbabwe.
[Column] Five roots to Central Africa’s industrialization
Four years after the oil boom ended and Central African countries faced a sudden reverse in their fortunes from the strong growth of the early 2000’s.
East Africa Metals receives nod to work on two Ethiopia gold projects
East Africa Metals Inc. has received Draft Model Agreements from Ethiopia’s Ministry of Mines, Petroleum and Natural Gas for the company’s Mato Bula and Da Tambuk Projects.
[South Africa] DMR Mpumalanga regional office closed
Members of the public are advised that the Department of Mineral Resources’ Mpumalanga Regional Office will be closed from Monday 3rd September 2018 until further notice.
NUM declares a dispute with the Minerals Council of South Africa
The National Union of Mineworkers (NUM) has declared a wage dispute with the Minerals Council of South Africa.
Volt Resources inks deal for flake graphite from Tanzanian project
Graphite exploration company Volt Resources Ltd has signed a second binding offtake agreement for graphite from the company’s pre-production Bunyu project in Tanzania.
[Mali] Ashanti Gold announces first results for Gourbassi West project
Gold exploration company Ashanti Gold Corp. has announced first results for Gourbassi West from the recently completed 105 hole Reverse Circulation and Diamond Drill.
Maxtech expands vanadium exploration in Zambia
Canadian-based diversified industries corporation Maxtech Ventures Inc. has announced that Maxtech Mining Zambia's two large scale exploration licenses filed in Zambia have been validated by Zambia Minister of Mines.
Bankers diversifies with copper-cobalt exploration project in Namibia
Bankers Cobalt Corp. has entered an option with a private Namibian partner to acquire a 70 per cent interest in a prospective base metals, precious metals and industrial metals license located in Namibia.
Nigeria Mining Week to provide practical business know how
The upcoming third edition of the Nigeria Mining Week in Abuja from 15-17 October 2018 will provide access to all the practical knowledge, valuable connections, decision makers for would-be and established mining companies.
[Guinea] Bel Air Mine project sends first bauxite consignment to China
Africa Finance Corporation, the continental infrastructure development finance institution in Africa, has announced the on-time completion of the Bel Air Mine in Guinea and loading of its first shipment of high grade bauxite to China.
[South Africa] Giyani and Rhodes University sign research partnership
Giyani Metals Corporation has signed a research collaboration program with Rhodes University, South Africa, regarding battery-grade manganese within the Company’s flagship Kanye manganese project in Botswana.
[Botswana] Pangolin to acquire ownership of AK10 diamond project
International diamond exploration company Pangolin Diamonds Corp., PAN, has finalized the commercial terms of the joint venture agreement with Makanwu Civil Blasting.
Equatorial Guinea cancels CHC Helicopters contracts for non-compliance
The Ministry of Mines and Hydrocarbons of Equatorial Guinea has mandated all petroleum operators to cancel all contracts with Canadian-based CHC Helicopters due to noncompliance of Equatorial Guinea’s national content regulations.
[Ghana] Cardinal Resources discovers gold at Ndongo East site
Australian mining company Cardinal Resources Limited has intersected further gold at a new discovery named Ndongo East in Ghana on its 100 per cent owned Ndongo License.
Brendan Clarke appointed CSA Global manager for Africa
Mining, geological, technology, and management consulting company CSA Global has announced the appointment of Brendan Clarke as the Manager for its African operations.
Tanzania Minerals closes private placement offering
Tanzania Minerals Corp. has announced the closing of a private placement offering of $629,993.88 of gross proceeds based on the issuance of 6,999,932 units at a price of $0.09 per unit.
RS Components launches e-commerce platform for Sub-Saharan Africa
RS Components has launched the Africa e commerce site to meet the requirements of a growing continent with demand from various industries.
[Senegal] Thor Explorations finds new deposits at its Douta project
Thor Explorations Ltd. has announced positive results from its first set of drill results from its ongoing 8,000 metre RC drill program on its Douta Gold Project in south-east Senegal.
[Mali] African Gold Group commences drilling program at Kobada
African Gold Group Inc. has started the Diamond Drill and RC Drill program at its Kobada project located southern Mali.
[Burkina Fao] Teranga Gold increases ounces
Teranga Gold Corporation has provided updated mineral resource estimate for its Wahgnion gold development project in Burkina Faso, West Africa.
[Ghana] Asante Gold and Perseus Mining modify terms of sale agreement
Asante Gold Corporation and Perseus Mining Ghana have agreed to modify the terms of their Betanase Option and Sale Agreement.
[Malawi] Mkango begins diamond drilling at Songwe Hill Rare Earths
Exploration company has announced the start of a diamond drilling programme at the Songwe Hill Rare Earths Project in Malawi.
[Ethiopia] East Africa Metals advances Mato Bula and Da Tambuk mine permitting process
East Africa Metals Inc has filed with the Ethiopian Ministry of Mines, Petroleum, and Natural Gas, responses to comments received in relation to the Mato Bula and Da Tambuk Mining Licence Applications.
[Burkina Faso] Tajiri Resources Corp to acquire full control of advanced Reo Gold Project
South America mining and exploration group Tajiri Resources Corp has expressed interest in acquiring 100 per cent stake in the advanced Reo Gold Project in Burkina Faso.
Weak governance in Africa hampers natural resources exploitation, ECA report
Africa has been slow to convert its natural resources endowments to tangible development outcomes because of weaknesses in governance, according to the fifth edition of the African Governance Report published by the UN Economic Commission for Africa.
Africa Gold Group announces senior appointments to drive growth and execute strategy
Exploration and development company African Gold Group Inc. has announced major appointments and operation updates as it seeks to drive its growth agenda.
Vast Resources and Botswana Diamonds sign agreement on exploitation of diamonds in Zimbabwe
Vast Resources plc, the AIM-listed mining company has signed an agreement with Botswana Diamonds plc under which the two companies have agreed to exchange information derived from past exploration on areas prospective for diamonds in Zimbabwe
Anglophone West African countries weather odds to project bright economic prospects, Ecobank research
The economic forecast for Anglophone West Africa is looking brighter according to analysis by Ecobank’s research team in the newly published Anglophone West Africa section of its flagship financial website.
[Column] Bob Koigi: Mining in Sub Saharan Africa: Bane or blessing?
Sub Saharan Africa is increasingly becoming a mining hub as more countries in the region continue discovering lucrative resources and minerals that have catapulted them to international limelight while seeing numerous investors pitch tent.
Sama Resources and High Power Exploration to develop Côte d’Ivoire nickel-copper and cobalt project
Canadian-based base mineral exploration and development company Sama Resources Inc. has closed its private placement with HPX Ivory Coast Holdings Inc., after receiving the required regulatory and shareholder approvals.
Tango renews Oena mining license in South Africa for nine years, terminates Txapemba agreement in Angola
Tango Mining Limited has announced that its subsidiary, African Star Minerals Limited, has received confirmation from the Department of Mineral Resources, Republic of South Africa.
[Tanzania] Acacia Mining weathers tough times to post solid quarter one performance
“Acacia continued to demonstrate resilient operating performance and delivered solid production of 120,981 ounces of gold in the first quarter across the Group, which sets us in good stead to deliver against our full year guidance of 435,000-475,000 ounces.”
[South Africa] Kore Potash lists on the Johannesburg Stock Exchange
Kore Potash plc has attained a secondary inward listing on the Main Board of the Johannesburg Stock Exchange, JSE.
[Botswana] Pangolin to earn 75 per cent interest in AK10 diamond project after deal with Makanwu Civil Blasting
Pangolin Diamonds Corp. has signed an option agreement with Makanwu Civil Blasting, a private company incorporated under the laws of the Republic of Botswana.
The new Nigerian economy: Abuja turns to agriculture and minerals
For decades, Nigeria's economy has been based on oil. The government is now moving away from its black gold dependence to open its economy up to diversification.
NNPC, Mining Society partner to grow Nigeria’s crude oil reserves
The Nigerian National Petroleum Corporation has expressed its readiness to collaborate with the Nigerian Mining & Geosciences Society towards growing the nation’s abundant hydrocarbon reserves.
[South Africa] The Mining Sector collaborates with Vodacom Business to help tackle industry challenges
Vodacom announces its intention to join forces with the Mining Precinct@Carlow Road and Mining Sector in general to make use of its technology in order to help solve some of the critical challenges identified by the Mining Sector.
Namibia Rare Earths Inc completes acquisition of Critical Metal Properties
Namibia Rare Earths Inc, a Canadian company with Namibian mining interests has completed the acquisition of a portfolio of critical metal properties from Gecko Namibia.
Chimata Gold Corp signs a binding letter of intent with Zimbabwe Lithium Company
Chimata Gold Corp has entered into a binding letter of intent with Zimbabwe Lithium Company (Mauritius) Limited, a privately held company incorporated under the laws of Mauritius.
COMESA renews mining deal with Western Australia
COMESA Secretariat and the Government of Western Australia have renewed the Memorandum of Understanding on mining for a six years period.
[Tanzania] Armadale Capital begins exploration at the Mahenge Liandu graphite project
Armadale, the AIM quoted investment company focused on natural resource projects in Africa has announced that the exploration and development programme at the Mahenge Liandu Graphite Project in Tanzania is now well underway for 2018.
[Madagascar] Base Resources completes acquisition of Toliara Sands Project
Australian miner Base Resources has completed the acquisition of the Toliara Sands Project.
platforms
