Company takes on several African gold projects

Minerals industry consultant Venmyn Rand started the year on a high note, following its securing of several contracts for gold projects in the Democratic Republic of Congo (DRC), Ethiopia and Tanzania.

EPCM contract awarded for Namoya gold project

Minerals process and project management company MDM Engineering has been awarded the engineering, procurement and construction management contract for gold exploration and development company Banro Corporation’s Namoya gold project in the...

China Gold, Banro plan JV on DRC gold projects

Banro, which is developing the Twangiza gold mine in the Democratic Republic of Congo (DRC), has agreed to negotiate a joint venture on the project with TSX- and Hong Kong-listed China Gold International Resources, the companies said on Thursday....

Refurbished gold plant arrives at Banro's DRC project

The first parts of the reconditioned gold processing plant bought by Toronto-based Banro for its Democratic Republic of Congo project have arrived on site, the company reported on Monday. The entire plant, which is being transported by truck from...

Banro tops TSX short position list

Gold junior Banro announced earlier this month that it was raising C$125-million to develop phase one at its Twangiza project in the DRC, as well as for “general corporate purposes”. But Banro this week holds the dubious honour of having the...

Banro hires Standard Chartered to advise on debt for DRC gold project

Canada-based, Africa-focused gold hopeful Banro has appointed Standard Chartered as the exclusive debt-finance adviser for the company's Twangiza project, in the Democratic Republic of Congo. Banro announced last month it would buy a refurbished...

Banro snaps up refurbished plant to speed DRC gold mine

Canada-based Banro Corporation expects that an agreement to buy a refurbished gold plant from Australia will help the company fast-track its Twangiza project, in the Democratic Republic of Congo, into production. The 1,3-million ton a year plant...

DRC confirms Banro mining convention, licences

The government of the Democratic Republic of Congo has officially confirmed the validity and legality of Canadian explorer Banro's mining convention and mining licences in the country, the firm reported on Wednesday. Banro has four gold projects...

Banro may be takeover target – RBC

Canadian gold hopeful Banro is a potential takeover target, because of its low market value, plus the difficulties the firm is likely to face in raising money for working capital, let alone project development, RBC Capital Markets analyst Cailey...

Gold exploration company from blue sky to brown fields

Gold exploration company Banro is shifting its gears and moving up the value curve from explorer to explorer/developer. Banro is slated to finish prefeasiblity studies for both its Twangiza and Nomoya properties in the second quarter of 2008.

Banro lifts DRC project's measured and indicated resources by 23%

Canadian-based and African focused gold exploration company, Banro realised a 23% increase in measured and indicated mineral resources at its wholly-owned Twangiza project in the Democratic Republic of the Congo (DRC).

Canadian gold company Banro opens community offices in DRC

Canadian-based gold exploration company Banro officially opened its new community office at the most advanced site of the company's exploration activities, Twangiza, in the eastern Democratic Republic of Congo (DRC).