R/€ = 15.54 Change: -0.05
R/$ = 13.24 Change: -0.02
Au 1243.50 $/oz Change: 0.45
Pt 828.50 $/oz Change: -2.21


Perseus sets conservative target for 2019

By: Esmarie Swanepoel     13th July 2018 Dual listed Perseus Mining has set a production target of between 130 000 oz and 150 000 oz for the next six months to December, following a strong June quarter and full year. The miner said on Friday that based on actual operation performances at both its Edikan and Sissingue mines, in Ghana... 

Resolute secures key permit to turn Bibiani back on

By: Esmarie Swanepoel     13th July 2018 Gold miner Resolute Mining is expected to make a final investment decision on the Bibiani underground mine, in Ghana, in 2019, the company said on Friday, announcing that it had received an environmental permit authorisation to recommission the mine and processing plant. Resolute said on Friday... 

Gold miner reflects on Ghana achievements

13th July 2018 Gold producer Gold Fields West Africa, a subsidiary of South Africa-based gold major Gold Fields, has invested significantly into the Ghana mining industry over the past 25 years, with shareholders, government and local communities that have and still are benefitting from the gold miner’s... 

West African mining industry shows strong growth potential

By: Erin Steenhoff-Snethlage     13th July 2018 The crowning of two West African mining projects as the winner and the runner-up of Investment Battlefield at the Investing in African Mining Indaba, held in February this year, indicates strong growth potential for mining and investment attraction in West Africa, says Canadian mineral... 

Artisanal mining, geopolitical milieu remain challenges

By: Erin Steenhoff-Snethlage     13th July 2018 Artisanal mining in West Africa, as well as an unstable geopolitical environment, remain core challenges to mining investment in the area, states Western Australia-based project developer Sarama Resources. “As noted by a number of key industry players, artisanal mining is becoming pervasive and... 

Asanko focusing on Esaase development to expand production

By: Erin Steenhoff-Snethlage     13th July 2018 As part of its near-term organic growth strategy, Canadian junior gold producer Asanko Gold is focusing on expanding production at the Asanko Gold Mine (AGM) in Ghana, with the development of the Esaase gold deposit, within the 2018/19 calendar year. The AGM, commissioned in early 2016, comprises... 

Coal to remain a significant energy source for decades – WCA

By: Nadine James     13th July 2018 Coal will remain a vital growth enabler and source of energy for decades to come, says World Coal Association CEO Benjamin Sporton. He notes that demand for coal will remain stable to positive, as a result of increased industrialisation and electrification, especially in Africa and South-East Asia. 

Mining can be a major driver of development in poor countries – ICMM

By: Marleny Arnoldi     10th July 2018 The lives of people living in countries whose economies are dependent on mining have, on average, improved faster than those of people in other countries over the past 20 years, a report by the International Council of Mining and Metals (ICMM) has found.  

New shaft at GoldStone’s Akrokeri will allow access to historic high-grade gold mine

By: Simone Liedtke     10th July 2018 A new shaft is being sunk at Aim-listed GoldStone Resources’ Akrokeri-Homase gold project (AKHM), in Ghana, to a target depth of 30 m. The Norton shaft will allow access to the historic high-grade Akrokeri underground gold mine, one of two previously producing operations at AKHM, to enable the... 

On-The-Air (06/07/2018) 

By: Martin Creamer     6th July 2018 Black-controlled mining company Exxaro has hit the high spots with the introduction of South Africa’s first ‘smart’ mine. A strongly black-empowered mining company is taking steps to raise money in London for its modern new phosphates operation in the Western Cape. The Bafokeng community is... 

Kropz eyeing dual listing

By: Martin Creamer     4th July 2018 Emerging plant nutrient producer Kropz is eyeing a dual listing on the Johannesburg Securities Exchange in addition to seeking admission to trade on the Aim in London, where it intends raising equity capital to fund the completion of its advanced-stage phosphates project in South Africa, cut debt... 

Newmont Declares Commercial Production at Twin Creeks Underground in Nevada

3rd July 2018 Newmont Mining Corporation (Newmont or the Company) has achieved commercial production at its Twin Creeks Underground expansion project, adding higher-grade, lower-cost gold production at its Twin Creeks operation in Nevada. The project was completed on schedule for $42 million, slightly below... 

AngloGold gets environmental go-ahead for Obuasi redevelopment

By: Marleny Arnoldi     27th June 2018 Gold miner AngloGold Ashanti has received environmental permits for its Obuasi gold mine, in Ghana, paving the way for the redevelopment of the large and high-grade orebody.  

Ghana approves Gold Fields, Asanko JV

By: Anine Kilian     22nd June 2018 The Ghanaian government has granted regulatory approval for the completion of Gold Fields’ joint venture (JV) with Canada-based Asanko Gold. Gold Fields and Asanko announced in March that the JSE-listed major would buy a 45% interest in the Asanko gold mine (AGM), in Ghana, for $185-million. 

Ghana Parliament ratifies AngloGold’s Obuasi agreements

By: Anine Kilian     22nd June 2018 Ghana’s Parliament has ratified regulatory and fiscal agreements that cover the redevelopment of AngloGold Ashanti’s Obuasi gold mine into a modern, productive mining operation. The ratification, on Thursday, of the development agreement, together with the tax concession agreement, is an... 

Gold anomaly of over 8 km identified at GoldStone’s Akrokeri-Homase project

By: Creamer Media Reporter      20th June 2018 Aim-listed GoldStone Resources has identified a larger than 8 km gold-in-soil anomaly at its Akrokeri-Homase gold project, in South-West Ghana. The gold-in-soil anomaly, which runs from the historic Akrokeri underground mine to north of the Homase openpit, was identified following a review of the... 

On-The-Air (15/06/2018) 

By: Martin Creamer     15th June 2018 Mining companies are going all out to combat the deadly scourge of malaria in Africa in compliance with United Nations wishes. South Africa’s meticulous mineral codes are rapidly emerging as global world beaters. De Beers has concluded a R600-million black economic empowerment deal at... 

SEMS appointed as exploration manager at GoldStone's Ghana project

By: Anine Kilian     14th June 2018 Aim-listed GoldStone Resources has appointed SEMS Exploration Services as geological manager of the company’s Akrokeri-Homase project, in the Ashanti region of Ghana.   SEMS will design and implement the development of the project with the objective of reopening the Akrokeri underground mine,... 

Mining companies combating malaria scourge – ICMM

By: Martin Creamer     13th June 2018 Mining companies are taking firm steps to help combat the scourge of malaria, which affects 3.3-billion people worldwide and kills a child every 30 seconds. International Council for Mining and Metals (ICMM) health, safety and product stewardship director John Atherton reports that: 

Cardinal mulls larger throughput option at Ghana project

By: Nadine James     8th June 2018 Africa-focused gold miner Cardinal Resources is evaluating a larger process throughput option for its Namdini project, in Ghana, following an increase in the project’s indicated resource categorisation from 4.3-million ounces to 6.5-million ounces. Cardinal will evaluate the economic results of... 

Kinross Gold celebrates 25-year TSX anniversary

By: Creamer Media Reporter      2nd June 2018 Canada-based senior gold mining company Kinross Gold on Friday celebrated its twenty-fifth year as a listed company on the Toronto Stock Exchange. The senior gold miner, which has mines in the US, Brazil, Russia, Mauritania, Chile and Ghana, started trading on the TSX on June 3, 1993. 

Ghana gold output up 10.2% to 2.81Moz in 2017 – Chamber of Mines

By: Reuters     1st June 2018 Ghana's gold output rose to 2.81-million ounces in 2017, up 10.2% from the previous year, data from the Ghana Chamber of Mines showed on Friday. The growth reflected a general increase in output across most of the 12 mining firms operating in the West African country, the chamber said. 

Currency movements to deliver mixed results for African countries

By: Natasha Odendaal     1st June 2018 The forecast currency movements over the next decade is likely to deliver mixed impacts for African mining operations, with South Africa’s currency expected to depreciate against the dollar over a ten-year horizon. BMI Research’s latest report, ‘Currency movements to 2027: Winners and losers in... 

Wampex 2018 opens with a record number of visitors, including Ghana's President

31st May 2018 Day 1 of West Africa's Premier mining & power event enjoyed a successful opening and His Excellency the President of the Republic of Ghana, Nana Akufo-Addo arrived as the doors opened supported by senior government officials for an exciting day 

Ghana gold miners say welcome new government export tests

By: Reuters     31st May 2018 Gold mining giants in Ghana such as Newmont, Gold Fields and AngloGold Ashanti welcome new government tests to certify the value of their exports, the main industry association said on Wednesday. The tests that come in addition to customs checks and internal company tests are part of an attempt... 

Gold Fields to set aside acquisitions, sees industry costs rising – CEO

By: Reuters     30th May 2018 South Africa's Gold Fields is setting aside pursuit of new acquisitions for a year as it focuses on its existing operations and nearby prospects instead, the bullion producer's chief executive told Reuters late on Tuesday. Gold Fields' finances might be "a little bit negative" this year before... 

IronRidge drilling programme progresses, assays expected in two months

By: Marleny Arnoldi     29th May 2018 Aim-listed minerals exploration company IronRidge Resources on Tuesday reported that its reverse circulation (RC) drilling programme at the Ewoyaa project, in Ghana, had encountered multiple, broad visible pegmatite intersections.  

End of small-scale mining ban in Ghana to hamper efforts to combat illegal mining

By: Simone Liedtke     28th May 2018 The upcoming end of a ban on small-scale mining in Ghana will increase the difficulties in countering illegal mining in the country, with the practice likely to remain widespread, says research firm BMI. In turn, this will create potential risks to cocoa production and threaten social stability... 

Resolute buys into Sudan ‘gold rush’ with Orca stake

By: Esmarie Swanepoel     28th May 2018 ASX-listed gold miner Resolute Mining has made a A$22.5-million investment in TSX-listed Orca Gold, subscribing for 32.4-million shares in the Canada-based, but Africa-focused company. The share placement, which is priced at C$0.675 a share, will give Resolute a 15% interest in Oca. The shares... 

Goldstone renews Ghana prospecting licences

By: Nadine James     18th May 2018 The prospecting licences for Goldstone Resources’ Homase-Akrokeri project, in Ghana, have been extended to April 2020. Goldstone CEO Emma Priestley noted that the company was pleased to have received these renewals, and especially for an extended period. 

Rising resource nationalism seen as 'fire burning' for miners

By: Bloomberg     17th May 2018 A rising tide of resource nationalism is causing miners to rethink where they invest and creating volatility for a sector already buffeted by brewing trade wars. “A significant industry issue is resource nationalism,” Rio Tinto Group CEO Jean-Sebastien Jacques told investors at a conference in... 

UAE trader looking to expand into gold refining in Africa

By: Reuters     15th May 2018 Privately held gold trader Sakthi Trading Group is planning to build two gold refineries in Africa and is looking for investors for the projects, company executives said on Tuesday. The group, headquartered in the United Arab Emirates, is seeking a total investment of $246-million for the... 

Barrick, Glencore expect to get licence for Tanzanian project

By: Bloomberg     14th May 2018 Executives at Barrick Gold and Glencore expect to receive a new license for their joint venture Kabanga nickel project in Tanzania, having held “productive” talks with the government during the past several months, Barrick said Sunday. Under changes to Tanzania’s mining license structure put into... 

Kinross reels as two more Africa nations seek mining payoffs

By: Bloomberg     10th May 2018 Kinross Gold is the latest miner to be hit by changing policies in Africa as governments seem increasingly willing to upend historic deals with foreign companies in their quest for more mining revenue. Mauritania’s rejection of a key permit to expand a Kinross project, and a proposed mining code... 

Ghana mulls shake-up of mining policy in bid to boost income

By: Bloomberg     9th May 2018 Ghana is benefiting little from its mineral wealth and needs a review of its mining code and tax policies, said Vice President Mahamudu Bawumia. While the West African nation holds a 10% stake in most mines in the country, it has earned almost nothing in dividends since 2012, rendering the... 

South African output rises as AngloGold delivers at lower cost

By: Martin Creamer     8th May 2018 The smaller South African footprint of gold-mining company AngloGold Ashanti, consisting of one underground mine and one tailings treatment operation on surface, delivered impressive first-quarter results with rising production and reduced rand-denominated costs. Production rocketed 29% at... 

New JV to lead to structured services solutions

By: Jessica Oosthuizen     27th April 2018 The joint venture (JV) between Stefanutti Stocks Mechanical – part of construction group Stefanutti Stocks – and Australian industrial services operation the Dawsons Group of Companies is “ground-breaking and a first for the pan-African mining sector”, says Stefanutti Stocks Mechanical MD Marius... 

Gold Fields lowers South Deep’s FY guidance after below-expectation Q1 performance

By: Marleny Arnoldi     25th April 2018 A below expectation performance at its South Deep mine, in Johannesburg, contributed to a 1% year-on-year and a 10% quarter-on-quarter decrease in Gold Fields’ output for the quarter ended March 31. Production for the quarter was 490 000 oz. 

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