Category: Africa

Kakula-Kamoa’s World Class Potential

Ivanhoe Mines has reported the results of a preliminary economic assessment (PEA) of its Kakula-Kamoa copper project in Democratic Republic of Congo (Congo). The project features exceptionally high-grade ore and if carried...

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Perseus Starts Up Sissingué

Perseus Mining reported that development and commissioning of its second gold mine, the Sissingué mine in Côte d’Ivoire, is nearing completion, with crushed ore introduced to the mill on January 13. First gold was scheduled to...

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Sandstorm Gold Acquires Royalty on Houndé Gold Mine

Sandstorm Gold Ltd. has agreed to purchase an existing 2% net smelter returns royalty (NSR Royalty) on the Houndé gold mine in Burkina Faso, operated by Endeavour Mining Corp., which is owned by Acacia Mining, for US$45 million....

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Rainbow Ships Rare Earth Concentrate From Gakara

Rainbow Rare Earths Ltd. has exported the first shipment of rare earth concentrate from its Gakara project in Burundi. The shipment totaled 25 metric tons (mt) of concentrate and was transported by road to Port of Mombasa in...

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Sibanye-Stillwater Set to Acquire Lonmin

Sibanye-Stillwater and Lonmin have agreed to an all-share takeover offer of Lonmin by Sibanye-Stillwater that values Lonmin at about £285 million ($382 million). If fully realized, the agreement will combine Sibanye-Stillwater...

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Acacia Agrees to Pay Tanzania $300M

By Gavin du Venage, South African Editor Acacia Mining has blinked in its dispute with the Tanzania government, which does not bode well for other miners facing a similar standoff over legislative uncertainty, analysts said. In...

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Hope For Mining Industry Under New Govt in Zimbabwe

By Gavin du Venage, South African Editor A military coup in Zimbabwe could provide a jump start to the country’s mining industry, potentially one of the most vibrant on the continent. In November, the military overthrew Robert...

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Golden Star Begins Stoping at Prestea Underground

Golden Star Resources began stoping at its high-grade Prestea Underground gold mine in southwest Ghana in late September. Successful blasting of initial ore from the first stope in the West Reef orebody took place on September...

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