Angola’s state-owned diamond producer, Endiama Mining SA, acknowledged that some clients are hesitant to engage due to its partnership with Russia’s Alrosa PJSC, but emphasized that its diamond output is not subject to Western sanctions. Alrosa holds a 41% stake in the Catoca operation and a significant share in theContinue Reading
Barrick, a major player in gold and copper mining, has begun preparing for the development of the Lumwana super pit as part of a potential $2bn (C$2.71bn) expansion project, pending a final investment decision. If approved, this expansion would transform the Zambian Lumwana mine into a key global source ofContinue Reading
Millions in Ghana face severe consequences due to illegal gold mining, locally known as “galamsey.” This practice has led to extensive environmental degradation, particularly in rural areas. Despite widespread public outcry, illegal mining continues, contaminating rivers with toxic chemicals and undermining the country’s agricultural potential and public health. Both localsContinue Reading
Venancio Mondlane, the independent presidential candidate backed by Podemos (Party of Optimists for the Development of Mozambique), has promised to legalize artisanal mining in the northern province of Cabo Delgado, if he wins the election scheduled for 9 October. Speaking to potential voters at a rally, held on Sunday inContinue Reading
Barrick Gold Corporation has awarded Metso a major order for the supply of copper concentrator plant equipment to their Lumwana expansion project in North-Western Province in Zambia. Metso’s scope of delivery includes key equipment for grinding, flotation, thickening, feeding and filtration. The value of the order is approximately EUR 70 million, and it isContinue Reading
Barrick Gold Corp (ABX.TO) and the Malian government have agreed to work toward resolving disputes and claims related to the Loulo and Gounkoto gold mines in Mali, according to a statement released by Barrick on Monday. This announcement follows the arrest of four Barrick employees by Malian authorities two daysContinue Reading
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) is expanding its exploration footprint into another top 10 copper-producing nation, with a view of replicating the success it has had within the Central African Copperbelt. This week, the company announced it recently signed a memorandum of understanding with Zambia’s mining ministry and government forContinue Reading
Asante Gold Corporation (CSE: ASE | GSE: ASG | FRANKFURT: 1A9 | U.S. OTC: ASGOF) (“Asante” or the “Company”) is pleased to announce it has entered into an equity financing agreement with a strategic investor. Under this agreement, Asante will sell 90,666,667 common shares via a non-brokered private placement atContinue Reading
The Osun State Government, on Thursday, said there is no Jupiter that could prevent it from recovering N3.2 billion in taxes, the Federal Government refuses to remit to the purse of the state government. The state government which threatened to take all necessary steps to recover it said, the unremittedContinue Reading
African mines could account for nearly a 10th of the world’s rare earths in five years, climbing from zero today, creating new players in a market dominated by China. Eight mines in countries such as Tanzania, Angola, Malawi and South Africa are expected to start production by 2029 and contributeContinue Reading
