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 continued focus on integrating Proximity Detection Systems (PDS) in South African quarries and surface mines highlights a significant shift towards enhanced safety and regulatory compliance. This move, directed by the Department of Mineral Resources and Energy (DMRE) regulations, underscores the critical nature of technology in mitigating workplace accidents. AsContinue 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
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
