A company led by American-Senegalese rapper Akon has signed a deal to help finance a copper and cobalt mine in the Democratic Republic of Congo (DRC), according to a contract published by the mines ministry. The aforementioned document released by the ministry cites a US-registered firm...
South African newspaper the Sunday Times has published its annual Top 100 Companies of the Year Awards, which has ranked miner DRDGold as the best performing stock on the Johannesburg Stock Exchange (JSE) over the last five years. DRDGold was one of 13 mining companies placed...
Endeavour Mining is currently in ‘merger of equals’ discussions with fellow West Africa-focused miner Teranga Gold, a move that would create a dominant gold producer in the region. TSX-listed Endeavour responded to recent media speculation with an announcement today that confirmed talks were ongoing with Teranga,...
Canadian engineering and construction firm SNC-Lavalin has entered into an agreement to sell its South African resources business as part of a corporate restructuring. Montreal-based SNC will sell the business, which has around 1,800 employees and primarily services construction and site maintenance clients, to local management...
Nigeria has made key changes to its gold mining regulation, including the legalising of artisanal mining and the creation of gold buying centres, as the government looks to cash in on the informal sector. President Muhammadu Buhari said last week that the state hopes to earn...
Ghana has cemented its position as Africa’s largest gold producer after increasing its industrial gold output by 6% in 2019. The West African country officially overtook South Africa as the continent’s top gold miner in 2018, when it produced 4.8 million ounces (Moz) compared to South...
Zambia has told Glencore that it plans to revoke the mining licences of its subsidiary Mopani Cooper Mines (MCM) because the company did not give enough notice before suspending its mining operations following the COVID-19 (coronavirus) outbreak. The Zambia Government’s Mining Licensing Committee secretary Michael Chibonga...
Endeavour Mining announced yesterday that an employee at its Houndé mine in Burkina Faso tested positive for coronavirus on Saturday and was subsequently placed under quarantine. The employee experienced mild symptoms after arriving at the site from the UK, but didn’t show any symptoms on arrival...
London-listed exploration and development firm Kodal Minerals has submitted a mining licence application for its Bougouni lithium project in Mali. As part of its mining licence application, Kodal completed a feasibility study for the project and submitted its contents to the Mali Government. The study envisages an...
South Africa’s mining industry body has made a statement urging President Cyril Ramaphosa’s government to take a number of critical steps needed to address the country’s ‘economic crisis’. The Minerals Council South Africa said it believes that insecurity of power supply is at the heart of...