Kodal clears Bougouni debt after first six months of production
KODAL Minerals’ Bougouni lithium project generated enough cash in its first full six months of commercial production to clear its project debt, helped by a sharp recovery in…
Burkina Faso joins Africa’s gold refining drive
BURKINA Faso has opened its first gold refinery as it seeks to process more of its mineral wealth at home, Bloomberg reported. State-controlled Raffinor BF, built for $19m, can…
Barrick reaches deal with Mali unions, averts strike
BARRICK Mining has reached a new labour agreement with unions at its Loulo-Gounkoto gold mine in Mali, easing the threat of strike action, Reuters reported. The Canadian miner…
Mali unions threaten strikes at Barrick mine
UNIONS at Barrick Mining’s Loulo-Gounkoto gold complex in Mali have lodged a series of strike notices, threatening to disrupt operations at one of the country’s biggest gold…
What resource nationalism means for Africa’s miners
Governments across Africa are seeking to assert greater control over their mineral wealth by rewriting mining codes, demanding larger equity stakes or greater local…
Resolute, Nimba launch Guinea gold venture
Resolute Mining and Guinea’s state-backed Nimba Mining Gold have formed a joint venture to explore and develop gold projects in Guinea, expanding a partnership first announced…
Barrick’s growth plan for non-IPO mines has its risks
BARRICK Mining’s business outside North America offers growth from assets including Lumwana and Kibali, but Reko Diq remains the main source of doubt in the group’s growth plans.…
B2Gold gets Mali permit for Fekola growth plan
MALI has granted B2Gold a crucial mining permit, paving the way for a large boost in gold output from its Fekola complex. The Menankoto permit was issued on Friday, 7 August,…
Zijin ditches Allied Gold takeover for $295m stake instead
CHINA’S Zijin Gold International has abandoned its proposed takeover of Allied Gold, opting instead to take a $295m stake in the Canadian miner. A combination of political…
Mali gold output to stay below 60 tons
MALI’S industrial gold production will remain under 60 tons a year through 2029, according to a mines ministry plan reviewed by Reuters, prolonging a downturn linked to a…
Islamist militants widen reach in Sahel mining zones
ISLAMIST militant groups are extending their footprint across central West Africa’s mining belt, contesting territory with governments and stoking fears over the safety of mining…
Fortuna nears final Senegal gold permit
FORTUNA Mining expects to secure the final construction permit for its Diamba Sud gold project in Senegal within weeks in a development that will diversify the country’s mining,…
Sibanye-Stillwater will look to Africa for new gold output
SIBANYE-Stillwater has raised the prospect of weighing new gold acquisitions in Africa when returns to dealmaking in the future. “I can speculate on where I see our gold future…
Guinea eyes regional gold refining hub
GUINEA is positioning itself to become a gold refining centre for West Africa, according to mines minister Bouna Sylla, as the region’s producers increasingly look to process…
Like Froneman, Sibanye’s Richard Stewart won’t take BS. Good
SIBANYE-Stillwater’s CEO Richard Stewart has rung in the changes in his short tenure at the group, pivoting the group’s focus firmly towards existing portfolio potential,…
SA miners fear the worst in mineral cadastre rollout
IN May 2024, then Orion Minerals CEO Errol Smart gushed: “I’m coming off an all-time high on hearing this news.” A day earlier, the South African government had signed an…
Zijin’s $4bn bid for Allied Gold in jeopardy amid Mali concerns
REGULATORS in China could derail Zijin Gold International’s proposed $4bn takeover of Allied Gold, casting doubt on the Hong Kong-listed firm’s first major deal since its IPO…
Barrick launches $3bn buyback ahead of spin-off
BARRICK Mining said it planned to repurchase $3bn of its shares in an effort to reward shareholders ahead of the proposed spin-off of its North American operations, later this…
Zhaojin targets African gold mines as M&A heats up
CHINA’S Zhaojin Mining Industry is scouting for gold mine acquisitions in Africa, Central Asia and the Asia Pacific, with West African countries including Côte d’Ivoire, Ghana…
Barrick’s biggest Mali contractor quits, cuts 600 jobs
THE largest contractor at Barrick Mining’s Loulo-Gounkoto gold complex in Mali is winding down its operations and dismissing more than 600 workers, said Reuters citing three…