Africa

Roxgold completes Yaramoko feasibility

Source: Daily News | 2014-04-22
A feasibility study on the 55 Zone of Roxgold’s (TSXV: ROG) Yaramoko project in Burkina Faso improves on the results of a preliminary economic assessment delivered last fall and outlines robust economics even at gold prices below current...

Trafigura deal gives Mawson the money to complete Kapulo

Source: Daily News | 2014-04-18
VANCOUVER – An offtake agreement with a US$50-million prepayment has given Mawson West (TSX: MWE) the funds it needs to finish building its Kapulo mine in the Democratic Republic of Congo.

Chinese consortium buys Las Bambas 

Source: Print Archives | 2014-04-16
A Chinese consortium led by MMG, an arm of state-owned China Minmetals Group, is buying Glencore Xstrata’s (LSE: GLEN) enormous Las Bambas copper project in Peru for US$5.85 billion in cash.

Kinross cuts Tasiast expansion costs  

Source: Print Archives | 2014-04-16
Kinross Gold (TSX: K; NYSE: KGC) has slashed the projected start-up costs of a mill expansion project at its Tasiast gold mine in Mauritania by 41% to US$1.6 billion, as shown in a new feasibility study, but intends to wait until 2015 before...

Perseus puts out fireat Edikan in Ghana 

Source: Print Archives | 2014-04-16
A fire has put operations on hold at Perseus Mining’s (TSX: PRU; US-OTC: PMNXF) Edikan processing gold plant in Ghana, but the company says things are under control.

Glencore Xstrata to buy Caracal Energy

Source: Daily News | 2014-04-15
Just a day after the ink dried on Glencore Xstrata's (LSE: GLEN) all-cash agreement to sell its Las Bambas copper project  in Peru to a Chinese consortium for nearly US$6 billion, the Swiss-based commodities giant announced a US$1.35...

Golden Star's drills hit at Wassa ahead of PEA for underground mine 

Source: Print Archives | 2014-04-09
VANCOUVER — West Africa-focused gold producer Golden Star Resources (TSX: GSC; NYSE-MKT: GSS) is defining the economics of mining an underground extension to its open-pit Wassa gold mine in southwestern Ghana.

Namoya boosts Banro's gold reserves 53% 

Source: Print Archives | 2014-04-09
Toronto-based Banro (TSX: BAA; NYSE-MKT: BAA) has published an initial reserve estimate for its new Namoya gold mine in the Democratic Republic of the Congo, pushing up company-wide reserves by 53% to 2.36 million oz.

Bullman Minerals completes first resource in Guinea

Source: Daily News | 2014-04-02
Bullman Minerals (TSXV: FUL) believes it’s off to a good start in West Africa where it has two projects on the Birimian Gold Belt in northeastern Guinea.

Endeavour posts huge loss, but powers up for growth in 2014  

Source: Print Archives | 2014-04-02
Due to hefty impairment charges, West Africa-focused Endeavour Mining (TSX: EDV; US-OTC: EDVMF) reported a US$332.5-million net loss in 2013, or US81¢ per share, compared to a US$15.1-million loss in 2012 at US6¢ a share,.

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