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
Sameh Shenouda, executive director & chief investment officer at Africa Finance Corporation (AFC), discusses perceived risks around mining projects, keeping value within the continent and being a catalyst for change In 2024, there is little need to rehash the staggering potential of Africa’s mining industry. Aside from the bedrock ofContinue Reading
Volvo Construction Equipment (Volvo CE) has highlighted the effective work its machines are doing on the ‘Toshka Project’ in Egypt The megaproject is a multi-phase project set to add 600,000 acres to the current agricultural patch of Egypt by redirecting water supply from the Nile for much-needed crop irrigation. A 50Continue Reading
Lafarge Africa Plc., a Nigerian building solutions company and member of Holcim Limited, has revealed the ‘Watershield’ cement, a new innovative product that the company says will pioneer a ‘new era’ in construction Lafarge devised the solution after recognising that traditional cement and waterproofing solutions have long been plagued byContinue Reading
