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.
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.
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.
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.
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.
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’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.
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.
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.
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 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.
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.
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.
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.
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.
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 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.
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 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.
The Mandela Mining Precinct unveiled two new rock drill prototypes developed by local innovators to enhance drilling operations, in a significant move to advance the mining sector in the country.
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.
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.
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.
Mining is an important pillar of the Namibian economy, contributing an estimated 12% to the country’s GDP in 2017.
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.
A South African business delegation is in Luanda, Angola in search of export market as part of the Outward Trade and Investment Mission.
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.
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.
G3G South Africa has announced the achievement of SAP Gold Partner status, an award is in recognition of their numerous successful implementations of both SAP Business One and SAP S/4HANA solutions.
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) measured 52.1 index points in July, up from 46.2 in June.
Coal South Africa is the first business unit in Anglo American to pilot the SAP Ariba Discovery App which uses smart phone technology to link local SMMEs to opportunities in their supply chain.
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.
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.
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.
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, 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.
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.
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.
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.
Mining company has announced that it has received final TSX Venture Exchange approval to complete its previously announced share consolidation.
Vantage Capital, Africa’s largest mezzanine debt fund manager, has announced that it has fully exited its investment in Thebe Timrite.
More than a quarter of Tiffany's 1500 global diamond cutters and polishers are now based in Africa.
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’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.
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, 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.
AngloGold Ashanti achieved guidance for the sixth consecutive year, with improved margins driving significant growth in free cash flow generation.
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.
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.
Global digital technology and operations company Accenture has announced plans to launch a new Applied Intelligence Studio for Mining in Johannesburg.
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.
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.
Canadian exploration company Giyani Metals Corp has announced the completion of the environmental management plan (EMP) for its Lobatse manganese prospect in Botswana.
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.
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.
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 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.
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.
A pole for diamond-cutting factories, a professional technical school and other diamond-related industries in Angola are set to be inaugurated this year.
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 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.
Gold mining company Roxgold Inc.has announced completion of the Bagassi South Project in Burkina Faso under budget and on schedule.
Africa Finance Corporation has announced the official opening of the Bel Air mine in Guinea-Conakry, a high-grade bauxite mine.
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.
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 has offloaded its Helam mine in South Africa for a total price of ZAR 200 ($14).
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.
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.
The Department of Mineral Resources (DMR) has initiated a ground stability study to be undertaken in the Johannesburg area with immediate effect.
African Rainbow Minerals has been approved for a secondary listing on A2X Markets and will list on Thursday, 29 November 2018.
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.
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.
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.
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.
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 Corporation has established a new branch in South Africa specializing in drone solutions for underground and surface mining.
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.
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.
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-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.
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.
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’s fast-growing bauxite mining industry is threatening the livelihoods of thousands of Guineans, Human Rights Watch said in a report released today.
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.
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 Corporation Plc has announced an upgrade to the resource base at its 49 per cent owned subsidiary, the Blanket Mine in Zimbabwe.
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 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.
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.
The National Union of Mineworkers (NUM) has declared a wage dispute with the Minerals Council of South Africa.
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.
Gold exploration company Ashanti Gold Corp. has announced first results for Gourbassi West from the recently completed 105 hole Reverse Circulation and Diamond Drill.