The US International Development Finance Corporation (DFC) allegedly dismissed an internal analyst in August last year for raising concerns about a $100 million project to build and operate a toll road and bridge in the Democratic Republic of the Congo (DRC) and Zambia. The project was expected to have adverseContinue Reading
Shares in Hummingbird Resources (AIM: HUM) surged 17% on Friday after the Africa-focused mining company announced the resumption of operations at its Kouroussa gold mine in Guinea, ending a two-month strike by its primary contractor. The gold producer, which operates in Mali, Guinea, and Liberia, had to suspend activities atContinue Reading
Mali has signed an agreement with China’s Ganfeng Lithium to operate the Goulamina lithium mine and increase its stake in the project in line with a new mining code, according to a statement from the country’s economy ministry. The mining code, adopted last year, allows the military-led government to boostContinue Reading
So, the government has once again decided to put taxpayer funds on the line with a N$1,2 billion bailout for the scandal-ridden state oil company Namcor, neh? “I must make it clear this [bailout] did not involve any direct cash injections to Namcor,” said company spokesperson Utaara Hoveka, apparently toContinue Reading
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
