Ethiopian Potash upbeat about the Danakil Depression
Despite lingering concerns in North America and Europe over a slower-than-expected economic recovery, there appears to be little worry left in Ethiopia’s potash-rich Danakil Depression.
Africa
Zambian smelting capacity a concern, Lundin says
When Phil Wright lashed out against Equinox Minerals’ (EQN-T, EQN-A) hostile takeover bid for Lundin Mining (LUN-T) in a conference call earlier this week, the chief executive cited the shortage of Zambian smelting capacity as yet another…
Resolute refocuses on Mali
Even as Resolute Mining (RSG-A, RMGGF-O) – the second-largest gold producer listed on the Australian Stock Exchange – prepares to wind down its Golden Pride mine in Tanzania over the next 24 months after 12 very successful years and more than…
Roxgold’s Burkina Faso find attracts artisanal miners (March 21, 2011)
Roxgold (ROG-V) has released high-grade drill results from a new gold zone at its recently optioned Yaramoko gold project in Burkina Faso, adjoining the southern boundary of Semafo’s (SMF-T) Mana gold mine.
PMI drills high-grade at old Ghanaian mine
Exploration and infill drilling at PMI Gold’s (PMV-V, PVM-A) past-producing Obotan gold project in southwestern Ghana has turned up 20.8 metres grading 17.6 grams gold per tonne, part of a larger intersection of 80 metres grading 7.49 grams…
Kipoi copper project moves closer to production
Tiger Resources (TGS-T, TGS-A) says commercial production will begin in April at its Kipoi copper project in the Democratic Republic of Congo.
Endeavour adds resources at Youga
In a bid to extend the lifespan of its Youga gold mine in Burkina Faso, which produced 82,400 oz. gold in 2010, West Africa-focused gold producer Endeavour Mining (EDV-T) is adding resources at three deposits within 3 km of the Youga plant.
Equinox generates good cash flow but struggles with rising costs
With Equinox Minerals’ (EQN-T, EQN-A) bold bid for Lundin Mining (LUN-T) — to be financed by a $3.2 billion bridge loan — top of mind, the release of its year-end financial results attracted a little more attention than usual….
PMI drills high grades at old Ghanaian mine
Vancouver – Exploration and infill drilling at PMI Gold’s (pmv-v, pvm-a) past-producing Obotan gold project in southwestern Ghana has turned up 20.8 metres grading 17.6 grams gold per tonne, part of a larger intersection of 80 metres grading…
Roxgold’s Burkina Faso find attracts artisanal miners (March 08, 2011)
Vancouver – Roxgold (rog-v) has intersected high-grade drill results from a new gold zone at its recently optioned Yaramoko gold project in Burkina Faso, adjoining the southern boundary of Semafo’s (smf-t) Mana gold mine.
Mining risks and rewards in Africa
A record number of delegates descended on Cape Town in early February to hear about new African investment opportunities as countries continue to stabilize and open up, though risks remain.
Great Basin opens Burnstone gold mine (March 11, 2011)
In July 2006, Great Basin Gold (GBG-T) started building its Burnstone gold mine in South Africa, looking to be the first new gold producer in the Witwatersrand basin in 30 years.