Difficulties of mining in Africa
Mining companies looking to do business in an African country need to be aware of the complexities they will likely face, from securing debt financing to political risks to complying with local anti-bribery laws.
Africa
Continental finding nickel in Tanzania
Continental Nickel (CNI-V) is proving that Tanzania has more than just gold to offer metal investors. The company released strong nickel results from its Nachingwea project, which is located in south eastern Tanzania, roughly 180-km west of the…
Roxgold and Riverstone hit high grade in Burkina
High grade intercepts at Roxgold (ROG-V) and Riverstone Resources (RVS-V) Yaramoko gold concession in western Burkina Faso attracted a lot of attention but did little to raise the company’s fortunes on the market. The companies released…
Nevsun hits more copper at Bisha
Vancouver – Nevsun Resources (NSU-T) has pulled numerous copper hits from an area just outside the established resource at its producing Bisha mine in Eritrea.
Midlands gets the cash for Sian
With its latest round of financing complete, Midlands Minerals (MEX-V) is set to get aggressive on its drill program in Ghana.
Orezone expands Bombor project area
Orezone Gold (ORE-T) has scooped up the exploration rights to an additional 63 sq. km of ground adjacent to its 100%-owned Bomboré gold project in Burkina Faso. Its new Toéyoko permit extends the project’s footprint to the south…
Banana yields more copper for Hana
As Hana Mining (HMG-V) drives towards building a copper mine at its Ghanzi property in Botswana, the company is still hitting significant grades of copper and silver in the Banana zone.
Endeavour Mining to merge with Adamus
Canada’s Endeavour Mining (EDV-T) and Australia’s Adamus Resources (ADU-V, ADU-A) are planning to merge and create a “growth-focused West African gold producer” with pro forma production this year of about 170,000 oz. gold from two mines,…
NGEx Resources kicks off potash drill program
NGEx Resources (NGQ-T) has begun drilling its Bada potash project, about 150 km southeast of Asmara, the capital of Eritrea, and about 30 km inland from the port of Mersa Fatma on the Red Sea.
Commentary: Africa’s boom ‘not just a China story’
In a new report from Renaissance Capital, equity strategist Charles Robertson argues that African nations have begun “the long-awaited period of catch-up with the developed world” and that “the bottom billion is becoming the fastest billion.”
Perseus pours first gold from Central Ashanti
Perth-based Perseus Mining (PRU-A, PRU-T) has started producing gold from its Central Ashanti gold project in Ghana’s renowned Ashanti gold belt. After ramping up to full production, the company plans to produce 265,000 oz. gold per year there…
Lower Q2 production at Eastplats’ Crocodile
Eastern Platinum (ELR-T) saw second-quarter production from its main Crocodile River platinum group metals (PGM) mine in South Africa’s Bushveld Complex shrink by one third, due to labour issues that led to a strike at the mine in early…