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ITFC, Cameroon sign a $750 million agreement to support key sectors
Through this framework agreement, ITFC will also be extending its support to SMEs and private sector through financing facilities to local banks and financial institutions.
Anglo American demerges South Africa thermal coal operations
Anglo American announced the demerger of its thermal coal operations in South Africa, subject to the approval of Anglo American’s shareholders on 5 May 2021.
Tower Resources awarded further extension of First Exploration Period of the Thali PSC in Cameroon
The Government of the Republic of Cameroon has notified Tower Resources Cameroon SA (TRCSA), that the President of the Republic has approved a further extension of the First Exploration Period of the Thali license.
[Column] Peter Malebye: The future of mining: Digging deep with IoT
The pace at which digital transformation has swept across industries continues to increase rapidly in response to Covid-19.
MIGA issues guarantees to support pre-construction study of iron ore mining project in Guinea
MIGA is planning to issue guarantees of up to $130.5 million to High Power Exploration (HPX) of the United States for investments into the pre-construction study phase of a high-grade, open-pit iron ore mine in Mount Nimba, southeastern Guinea.
[Ghana] Solidarid partners with Kering to empower women led enterprises through revolving fund
For women business leaders in the Tarkwa and Bibiani area of Western Ghana, a trial programme run by Solidaridad might offer a path to financial independence and greater equality.
NERSA approves 40MW solar plant generation licence for mining operations in South Africa
The National Energy Regulator of South Africa (NERSA), approved the issuing of a generation licence to GFI Joint Venture Holdings Proprietary and Gold Fields Operations, to operate a 40MW solar photovoltaic (PV) plant.
[South Africa] Sibanye-Stillwater enters battery metals sector through investment agreement with Keliber
Sibanye-Stillwater entered into an investment agreement with Keliber, expected to be implemented in March 2021, subject to the approval by the South African Reserve Bank.
Minbos raises funds to accelerate Cabinda phosphate project in Angola
Minbos Resources announced it has received firm commitments from sophisticated investors to subscribe for a placement of approximately 91.25 million fully paid ordinary shares (Shares) in the Company.
[Column] Clean mining gains foothold in Mozambique
Mozambique is well-positioned to take advantage of this market boom, with mining operations already expanding across Cabo Delgado, Gaza, Manica, Maputo, Nampula, Niassa, Tete and Zambezia.
Gemcorp, ENDIAMA enter joint-venture partnership to develop diamond project in Angola
Gemcorp, an emerging markets trade and investment group, and ENDIAMA Mining have entered into a joint venture agreement to develop the Mulepe diamond deposit in Lunda Norte, Angola.
Endeavour sells 85% interest of its non-core Agbaou mine in Côte d’Ivoire
Endeavour Mining has entered into an agreement to sell its 85% interest in its non-core Agbaou mine in Côte d’Ivoire to Allied Gold Corp for a consideration of up to $80 million.
[Zambia] Glencore signs contract to sell 73% of underlying stake in Mopani for $1.5b
Glencore announced that its subsidiary Carlisa Investments, in which Glencore holds 81.2% of the shares, has signed an agreement with ZCCM Investments to transfer its 90% interest in Mopani Copper Mines.
Pan African Resources, juwi South Africa partner for construction of solar photovoltaic plant at Evander Mines
Pan African Resources has entered into an engineering, procurement and construction agreement with juwi South Africa to construct its 9.975MW solar photovoltaic plant at Evander Mines.
[South Africa] AngloGold Ashanti appoints Maria Ramos as new Chair
AngloGold Ashanti has appointed Independent Non - Executive Director Maria Ramos as the new Chair of the Board with immediate effect.
Zimbabwe’s Russian-backed platinum venture sells stake to Fossil Mines
Great Dyke Investments, a Russian-backed project planning to build Zimbabwe’s biggest platinum mine, has sold a 4.4% stake to Fossil Mines, as Covid-19 disrupted fundraising for the venture.
Metalex announces agreement on diamond project in South Africa
Metalex Ventures Ltd. has reached an agreement to acquire an interest in the 3,373 hectare Viljoenshof prospecting license from Invest in Property 126 (Pty) Ltd "IIP"
Egypt, Nigeria explore cooperation in mining sector
Egypt Petroleum Minister Tarek el Molla recently held a meeting with Nigerian Minister of State for Mines and Steel Development Uchechukwu Ogah to discuss means of boosting bilateral cooperation.
[Burkina Faso] Endeavour Mining, Teranga Gold enter agreement to create new senior gold producer
Endeavour Mining and Teranga Gold have entered into a definitive agreement whereby Endeavour will acquire all of the issued and outstanding securities of Teranga by way of a Plan of Arrangement under the Canada Business Corporations Act.
Botswana Diamonds commences drilling on Thorny River and Marsfontein in South Africa
Botswana Diamonds announced that drilling has commenced on its Thorny River and Marsfontein project areas in South Africa.
Botswana Diamonds announces satisfaction of conditions precedent for Sekaka Diamonds acquisition
Botswana Diamonds announced that all the Conditions Precedent for the acquisition of Sekaka Diamonds have now been satisfied.
IFC invests in Mali mineral lime producer to boost agribusiness, support mining sectors’ local content
IFC announced an investment in Carrières et Chaux du Mali, to help the company increase production of agricultural lime and quicklime, essential inputs that will strengthen Mali's important agriculture and mining industries.
AngloGold Ashanti, Barrick conclude Morila sale to Firefinch in Mali
AngloGold Ashanti and Barrick Gold concluded the sale of their interest in Morila, which owns 80% of the Morila gold mine in Mali, to Firefinch for $28.8 million.
Nordgold equips West Africa Training Centre with Full-Mission Simulator system
Internationally diversified gold producer Nordgold, has equipped its new West Africa Training Centre located near the Lefa mine in Guinea, with a CYBERMINE Full-Mission Simulator.
Samsung, BMW, BASF target DR Congo artisanal mining cooperatives with new trainings
The cross-industry initiative “Cobalt for Development” has started trainings for twelve artisanal mining cooperatives in October in Kolwezi, Democratic Republic of Congo.
Zambia launches export diversification strategy in gold and gemstone mining
Zambia launched its Export Diversification Strategy in Gold and Gemstone Mining, to guide the formalization of the sector and stop illegal trading of the commodities in the country.
[Botswana] Galileo Resources completes acquisition of Africibum
Exploration and development mining company Galileo announced the completion of the acquisition of 100% of Africibum and its interests in the North East Kalahari Copper Belt project in Botswana.
[Nigeria] BUA Cement appoints Jacques PieKarski new Chief Financial Officer
BUA Cement has appointed Jacques Piekarski, as the new Chief Financial Officer.
East Africa-focused Shanta Gold announces New Luika plant capacity expansion
Shanta Gold, East Africa-focused gold producer announced the expansion of processing capacity at the New Luika Gold Mine (NLGM).
Illicit gold trade thrives with impunity in the Democratic Republic of Congo, report
IMPACT’s newest report reveals how the Democratic Republic of Congo’s (DRC) illicit gold trade continues to thrive despite efforts to clean up the sector.
Traceable, commercially viable artisanal gold supply chain now operational in Côte d’Ivoire
After a first export of gold, IMPACT and the European Union announced a traceability and due diligence system from mine site to the international market for artisanal gold from Côte d’Ivoire has been successfully implemented as part of the Just Gold project.
AngloGold Ashanti receives unconditional approval to sell its South African mines
AngloGold Ashanti announced that all conditions precedent have been met with respect to the sale of its remaining mines in South Africa to Harmony Gold Mining Company.
BUA Group, Axens partner for upcoming refinery and petrochemical plant in Nigeria
BUA Group signed an agreement with Axens of France for the supply of process technologies for its upcoming 10million tonnes per annum mega refinery and petrochemicals facility to be sited in Akwa-ibom, Nigeria.
Namibia Critical Metals secures $5m discretionary financing from Alumina Partners
Namibia Critical Metals announced it has entered into a drawdown equity financing facility with Alumina Partners (Ontario), an affiliate of New York-based private equity firm Alumina Partners, LLC.
AngloGold Ashanti, Barrick agree to sell Morila Mine stake to Mali Lithium
AngloGold Ashanti and Barrick Gold have agreed to sell their effective 80% stake in the Morila Gold Mine in Mali, to Mali Lithium.
[South Africa] Orange Business Services and De Beers Marine tap into IoT to enhance crew safety in offshore mining
Orange Business Services and De Beers Marine South Africa have jointly installed and tested a customized IoT solution to provide geofencing to maintain safe working distances for crew around the heavy machinery.
Shanta Gold completes acquisition of Barrick's Kenya gold projects
Shanta Gold, East Africa-focused gold producer, has completed the acquisition of 100% shares of Barrick’s subsidiary Acacia Exploration Kenya (AEKL) from three subsidiaries of Barrick Gold.
Intel officials in Rwanda to track responsibly sourced tech minerals
The minerals — tin, tantalum, tungsten and gold, known as 3TG, that lie both deep underground and right on the surface in this part of Africa are essential to the worldwide silicon manufacturing industry.
Awalé Resources commences phase 2 drilling program on Odienné project in Côte d'Ivoire
Awalé Resources reports that phase 2 drill program has commenced at the Empire gold discovery on the Odienné project in northwest Côte d'Ivoire.
[South Africa] Accenture and Anglo American extend technology services agreement
Accenture and global mining company Anglo American have signed an agreement to extend Accenture’s role as a strategic IT services provider to 2023.
Jubilee Metals signs copper project JV Agreement to expand operations in Zambia
Jubilee Metals announced that in line with its stated strategy to expand operations in Zambia, it has signed a Joint Venture Agreement with a private Zambian company securing the rights to process 2 million tonnes copper Run-Of-Mine material.
[South Africa] AngloGold Ashanti appoints Kojo Busia as Independent Non-Executive Director
AngloGold Ashanti appointed Dr Kojo Busia as an Independent Non-Executive Director to its board, effective 1 August 2020. He will serve as a member of the Investment Committee and the Social and Ethics and Sustainability Committee.
World Bank approves $100m to improve decentralized services, management of extractive sector in Niger
The World Bank approved a $100 million financing from the International Development Association (IDA) credit and grant to strengthen local governments’ capacity and extractive sector management in Niger.
COVID-19 raises urgency for structural reforms in South Africa, study
South Africa responded swiftly to the COVID-19 pandemic, but the sharp drop in activity adds to long-standing challenges and raises the urgency for structural reforms, according to a new OECD report.
Bank of Central African States allows opening of foreign currency, escrow accounts
The Board of Directors of the Bank of Central African States (BEAC) has allowed the opening of foreign currency escrow accounts by petroleum and mining operators.
Pensana Rare Earths lists Angola’s Longonjo Project on the London Stock Exchange
Australian exploration company Pensana Rare Earths has listed its Longonjo project in Angola on the London Stock Exchange, representing the U.K.’s first resources-focused IPO since COVID-19.
Enaex, Sasol conclude deal to establish explosives joint venture in South Africa
Integrated chemicals and energy company Sasol and Enaex, a subsidiary of the Sigdo Koppers Group, announced the start of new explosives joint venture Enaex Africa operations in Southern Africa.
AUDA-NEPAD, CSIR partnership to accelerate Africa’s transformation agenda
The African Union Development Agency (AUDA-NEPAD) and the Council for Scientific and Industrial Research (CSIR) are strengthening their partnership through formalised technical cooperation to accelerate technology development in Africa.
Equatorial Guinea signs first mining contracts
Equatorial Guinea’s Ministry of Mines and Hydrocarbons signed its first mining contracts with three international companies for the exploration of mineral resources in the Rio Muni region.
Russia’s Rosgeo readies for geological mapping in Equatorial Guinea
Rosgeo and the Ministry of Mines and Hydrocarbons of Equatorial Guinea have signed contracts for the initial phase of seismic acquisition in transit zone and state geological mapping in the Rio Muni area.
1.5 million South African workers set to return to work in May
About 1.5 million more South Africans will from 1 May return to work as government begins to lift a fraction of COVID-19 lockdown regulations.
[South Africa] Construction, manufacturing businesses temporarily halt operations amid Covid-19, survey
The results of a rapid response survey conducted by Stats SA during the lockdown was has been released.
[South Africa] Exxaro Resources buys out Tata Power’s shares in Cennergi joint venture
Khopoli Investments, a 100% subsidiary of Tata Power completed the sale of the Company’s entire stake in Cennergi, a South African joint venture to Exxaro Resources, for an amount of ZAR 1.550 million.
Nordgold, SUMEC partner to construct new power plant in Lefa mine, Guinea
Nordgold has signed an Engineering, Procurement and Construction agreement with SUMEC to design and construct a 33 megawatt power plant at its Lefa mine, one of the largest gold mines in Guinea.
[Column] Shabir Ahmed: Mining sector to fast track automation amid Covid-19
Mining companies have been affected by COVID-19 outbreaks, and global restrictions to encourage social distancing have meant that mining projects have either slowed or been put on hold until further notice.
Metso evaluating potential closure of its operations in Vereeniging, South Africa
As part of the global supply footprint development strategy in its Minerals operations, Metso is initiating consultations to evaluate the potential closure or other alternatives for its operations in Vereeniging, South Africa.
[Angola] BP commits $6.1 million for landmine clearing charity HALO Trust
BP Angola has increased its financial grant to $6.1 million over four years to support the work in Angola of British landmine clearance charity the HALO Trust.
Black Industrialists seek for investment and trade opportunities in Tanzania
A group of Black Industrialists from South Africa will get an opportunity to seek investment and trade opportunities in Tanzania when they participate in a trade mission to Dar es Salaam this month.
[South Africa] Sibanye-Stillwater acquires 100% of Sibanye Gold, lists on the JSE
In an effort to create an efficient group structure and adapt to a more diverse portfolio, Sibanye-Stillwater has acquired 100% of the Sibanye Gold, with a new listing of Sibanye-Stillwater shares on the JSE.
AngloGold Ashanti, Ghana stakeholders commemorate Obuasi mine return
AngloGold Ashanti together with the President of the Republic of Ghana and other stakeholders gathered in Ghana to commemorate the return to production, productivity, and profitability of the Obuasi mine, six years after it was closed down.
Mandela Mining Precinct research towards digitalisation of mining in South Africa
The Mandela Mining Precinct, supported by the Department of Science and Innovation (DSI), is working on an innovation that will improve safety and efficiency in the mining sector.
AfDB allocates €1.2 million to train policymakers in boosting mining revenues in 8 African countries
The African Development Bank (AfDB) has allocated a €1.2 million grant to provide training to help resource-rich countries improve their mining revenues in Africa.
Kinross announces US$300m debt financing for Tasiast, Mauritania
Kinross Gold Corporation announced that its wholly-owned subsidiary, Tasiast Mauritanie Limited S.A., has signed a definitive loan agreement for up to US$300 million for its Tasiast operation in Mauritania with the IFC.
Metso to provide high-performance crushing, material handling equipment to Venetia diamond mine, South Africa
Metso will deliver high-performance crushing and material handling equipment to the De Beers Group Venetia mine, located in Limpopo Province, South Africa.
[Nigeria] 14 companies bid for oil mining lease 119 redevelopment financing
The Nigerian National Petroleum Corporation has announced that the corporation has publicly opened bids from 14 companies for the financing and redevelopment of Oil Mining Lease (OML) 119.
[South Africa] Absa leads the successful syndication of Harmony Gold’s US Dollar term loan
Absa acted as Joint Global Coordinator, Bookrunner, Mandated Lead Arranger and Facility Agent on the refinancing and upsizing of Harmony's existing U$350m term loan and revolving credit facility with a new 3+1 year U$400m term loan.
UK aid-funded mine clearance success in Angola to be repeated in Zimbabwe
Thousands of people will be safe from the threat of landmines in Zimbabwe, after the UK pledged its support for demining charity The HALO Trust.
UNIDO launches $9 million project to improve artisanal gold supply chain in Burkina Faso
The United Nations Industrial Development Organization (UNIDO) will implement a project to eliminate mercury and improve the gold supply chain in the artisanal and small-scale gold mining (ASGM) sector in Burkina Faso.
South Africa business delegation seek for trade and investment opportunities in Angola
A South African business delegation is in Luanda, Angola in search of export market as part of the Outward Trade and Investment Mission.
[South Africa] Mineral resources department approves R4 billion investment in Northern Cape
The Department of Mineral Resources and Energy (DMRE) has approved a mining right for Orion Minerals, paving the way for the development of a R4 billion copper-zinc project in the Northern Cape.
South Africa business people search for trade and investment opportunities in Australia
A group of 25 South African business people is in Perth, Australia in search of trade and investment opportunities as part of the Outward Selling Mission organised and funded by the dti.
[South Africa] Absa PMI rose to 52.1 index points in July, report
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) measured 52.1 index points in July, up from 46.2 in June.
[Sierra Leone] IFC invests $60 million in Sierra Rutile to support expansion, community development
IFC, a member of the World Bank Group, announced a $60 million investment in Iluka Resources’ Sierra Rutile Limited to partner with the resources company as it expands its operations in Sierra Leone.
World Bank supports governance of Mali’s mining sector
The World Bank’s Board of Executive Directors approved a $40 million credit from the International Development Association (IDA) to strengthen the capacity and governance of the mining sector in Mali.
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.
[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.
[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.
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COLUMNS.
[Column] Richard Rattue: How technology has shaped financial services
Going forward, capturing millennial and Generation Z investors will be no easy task for advisors who will need to be positioned to capitalise on those who are hungry for non-traditional personal finance solutions, with on-demand access ...read full column here
[Column] Wayne Miller: The role of the pandemic in transforming healthcare
Despite the many challenges of 2020, healthcare organisations have gained considerable insights and experience that will transform the sector well into the future ...read full column here
[Column] Sangji Lee: The case for a green economy
As countries develop revised national climate pledges, known as Nationally Determined Contributions, they’re doing so in the context of multiple historic crises: climate change, rising inequality, and the health and economic impacts of COVID-19 ...read full column here
INTERVIEWS.
[Interview] Nick Treurnicht, Customer Engineer for Google Workspace, DigiCloud Africa, South Africa
Nick Treurnicht is the Customer Engineer for Google Workspace at DigiCloud Africa, Africa's Google Cloud Brokerage, specialising in Google Cloud products - including Google Cloud Platform, G Suite, Google Maps and Chrome ...read full interview here
[Interview] Naike Moshi, Country Director, CVPeople Tanzania
CVPeople Tanzania is a talent acquisition and recruitment company that has for 6 years established itself as a frontrunner in the executive search and headhunting for clients across banking, telecom, and NGO sectors ...read full interview here
[Interview] Stephan Eyeson, Founder & CEO, Survey54
British-Ghanaian entrepreneur, Stephan Eyeson, is current CEO and Founder of pan-African consumer intelligence gathering firm, Survey54 ...read full interview here