The South African construction industry teeters on the brink of collapse due to dwindling profits, unethical conduct, and widespread delays or non-payment to subcontractors. This alarming prognosis is issued by the Master Builders Association (MBA) North, urging immediate action to avert further job losses and insolvencies. “The industry is inContinue Reading
Niger, Africa’s second-largest uranium producer, stands ready to leverage the surging demand and prices for uranium. Its economic prospects rest significantly on two key ventures: Dasa and Madaouela. Recently, Niger’s Minister of Mines spearheaded the groundbreaking ceremony for the uranium processing facility at the prospective Dasa uranium site. During thisContinue Reading
Côte d’Ivoire, a notable player in gold production, is diversifying its mineral portfolio with manganese, copper, cobalt, and nickel. The surge in demand for these minerals has spurred the nation to intensify its exploration efforts. During a recent Cabinet meeting in Abidjan on May 8th, the Ivorian government approved multipleContinue Reading
In October 2023, Orezone announced a $168 million project to double the Bomboré gold mine’s production capacity in Burkina Faso. Originally planned as one phase, the project will now unfold in two. The initial phase is slated for completion by the close of 2025. With ambitions to elevate annual goldContinue Reading
In northern Guinea, attention has been drawn to the Simandou North project spearheaded by Australian firm Arrow Minerals in recent months. Despite being in its early exploration phase, initial drilling outcomes have sparked optimism. Arrow Minerals has unveiled promising discoveries from its iron ore venture situated north of the well-knownContinue Reading
Panthera Resources, a diverse gold exploration and development firm, has finalized agreements with DFR Gold and Maniger to restructure ownership arrangements concerning the Kalaka gold project in Mali and the Paimasa, Dagma, and Dext gold projects in Nigeria. Post-restructuring, Panthera will possess 100% ownership of Maniger, elevating its stake inContinue Reading
According to a report from the Financial Times, key South African shareholders of Anglo American are receptive to a potential takeover bid from BHP, the world’s largest listed mining group. Some of these shareholders are suggesting that BHP enhance its offer by including a cash component. They indicated to theContinue Reading
Leo Lithium announced on Wednesday that it has finalized an agreement with China’s Ganfeng Lithium to offload its remaining 40% ownership in a Mali-based mine for a sum of $342.7 million. Additionally, the West Perth-headquartered company disclosed the signing of a memorandum of understanding (MOU) to resolve all outstanding mattersContinue Reading
Listed on AIM, Kefi Gold and Copper has reported significant progress according to plan at its Tulu Kapi gold project in Ethiopia. The finance syndicate board processes are progressing as scheduled for final conditional approvals this May, while preparations for the project launch are underway. Kefi highlights the positive developmentsContinue Reading
Trident Energy CEO Jean-Michel Jacoulot is set to address the Invest in African Energy (IAE) 2024 forum in Paris next week, highlighting the company’s expansion efforts in Africa. Trident Energy, a leading independent in the industry, is broadening its portfolio by focusing on operating and revitalizing mid-life oil and gasContinue Reading
