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IronRidge secures additional exploration rights

By: Marleny Arnoldi     20th April 2018 Aim-listed IronRidge Resources’ joint venture (JV) with Joy Transporters over the Saltpond and Cape Coast projects, in Ghana, has been finalised.  

Asanko mine performs ahead of LoM plan in Q1

By: Simone Liedtke     19th April 2018 Gold miner Asanko Gold’s Asanko mine, in Ghana, performed ahead of the optimised life-of-mine (LoM) plan during the first quarter ended March 31. The mine performed exceptionally well, said Asanko president and CEO Peter Breese, who noted that it is also ahead of plan on the key metrics of gold... 

IronRidge to start drilling at Ghana lithium deposit

By: Marleny Arnoldi     17th April 2018 Aim-listed IronRidge Resource has received the necessary approvals and earthworks have started for drill access and drill pads over its Ewoyaa pegmatite deposit, in Ghana.  

Perseus' production surges on Sissingue start

By: Esmarie Swanepoel     16th April 2018 Gold miner Perseus Mining has reported a surge in production for the three months to March after the Sissingue gold mine, in Cote d’Ivoire, started production in January. The Sissingue gold mine reached commercial production at the end of March. 

AngloGold’s Venkat resigns to take top job at Vedanta Resources

By: Marleny Arnoldi     16th April 2018 Srinivasan Venkatakrishan (Venkat) will step down as CEO of gold miner AngloGold Ashanti on August 31 to take up the CEO position at diversified miner Vedanta Resources.  

Juniors chalk up new gold discoveries in West Africa

By: Erin Steenhoff-Snethlage     13th April 2018 Canadian gold miner Ashanti Gold, Australian miner Tietto Minerals and Canadian miner Nexus Gold have made seven new gold discoveries between them in Mali, Ghana, Cote d’Ivoire and Burkina Faso. Ashanti Gold has identified three zones with gold deposits at the Anumso gold project in Ghana.... 

Newmont looks to the future in Ghana

     13th April 2018 US gold major Newmont Mining, one of the top global gold producers, expects to put up a new growth project – Ahafo North – for funding approval in 2019, according to Newmont regional senior VP for Africa Alwyn Pretorius. Ahafo North, located 50 km north of the existing Ahafo gold operations, is a... 

West and Central African Mining Summit to tackle vital issues

     13th April 2018 The upcoming tenth West and Central African (WaCA) Mining Summit and Expo will showcase the dynamism and resilience of the mining industry in these regions, as well as explore the challenges facing mining in the region, with speakers that will cover various topics that have significant impact on... 

W Africa exploration to benefit from global mining upturn

By: Erin Steenhoff-Snethlage     13th April 2018 Global investor confidence in mining is slowly returning, but opinion is divided about whether mines will be able to maintain and grow production without relinquishing their cost discipline of the past few years, states the Prospectors & Developers Association of Canada (PDAC). There has been... 

Golden Star to explore potential new gold sites in Ghana

     13th April 2018 Canadian gold miner Golden Star Resources, as part of its exploration strategy for 2018 will focus on understanding the deposits at the Wassa Underground gold mine, continue mineral resource expansion drilling at Prestea Underground gold mine and investigate five new underground targets, all in... 

Gold Fields to make decision on Chile gold mine next year

By: Reuters     12th April 2018 South African miner Gold Fields will complete preparatory work in 2019 at its Salares Norte project, in northern Chile, and is eyeing potential output of around 345 000 oz/y of gold at the site by the early 2020s, a company executive said. Gold Fields will decide whether to give the go-ahead for... 

Mining in sub-Saharan Africa region to remain riskiest globally – BMI

By: Simone Liedtke     11th April 2018 Sub-Saharan Africa’s mining sector will remain the riskiest in the world over the coming quarters as regulatory uncertainty rises in various markets across the region, says BMI Research. In addition to increasing regulatory uncertainty, the region will also witness challenges stemming from... 

Operations restarted at Newmont's gold mines in Ghana – spokesperson

By: Reuters     10th April 2018 Operations restarted at Newmont Mining's two gold mines in Ghana on Monday, a company spokesperson said, after they were shut down on Saturday following an accident in which six construction workers were killed. Civil works on the mill expansion project at Newmont's Ahafo project, where the... 

Newmont suspends operations at Ghana mine after six workers killed

By: Reuters     9th April 2018 Six construction workers have been killed in an accident at Newmont's Ahafo gold mine in Ghana, forcing the surface mine to suspend its operations, a local Newmont manager said on Sunday. The workers died after a tunnel roof collapsed on them at the construction site of an expanded gold... 

AngloGold Ashanti completes sale of Moab Khotsong mine

     6th April 2018 Gold producer AngloGold Ashanti has concluded the gross R3.574-billion sale of its Moab Khotsong gold mine, in the North West and related assets and liabilities to gold mining company Harmony Gold, as well as the separate sale of the Kopanang gold mine, in Gauteng and related assets and... 

Ghana to review corporate tax exemptions for resources sector

By: Reuters     5th April 2018 Ghana plans to review its process for granting corporate tax exemptions to mining and oil companies as part of measures to eliminate fraud and boost revenues, its vice president said on Wednesday. Mahamudu Bawumia said tax exemptions claimed by some resources companies were not transparent, and... 

Sub-Saharan African mining sector to continue facing illegal mining challenges, regulatory risks

By: Marleny Arnoldi     3rd April 2018 Widespread illegal mining activity and rising regulatory risks are two of the biggest challenges that will face the sub-Saharan Africa mining sector in the coming months, research and analysis firm BMI Research says.  

Sissingue reaches commercial production

By: Esmarie Swanepoel     3rd April 2018 ASX- and TSX-listed Perseus Mining has declared commercial production at its Sissingue gold mine, in Cote d’Ivoire. “Reaching commercial production at our Sissignue gold mine is a very important milestone for Perseus as we now have a second, high quality cash flow stream that materially reduces... 

Chirano mine, Ghana

By: Sheila Barradas     30th March 2018 A gold mine in south-western Ghana. 

Gold Fields buys stake in Asanko gold mine in Ghana

By: Simone Liedtke     29th March 2018 South African miner Gold Fields has teamed up with Canada-based Asanko Gold in Ghana, with the gold miners announcing on Thursday that the JSE-listed major would buy a 45% interest in the Asanko gold mine (AGM) for $185-million. The companies have agreed to form a 50:50 joint venture (JV), which... 

Goldplat completes installation of Ghana elution plant

By: Marleny Arnoldi     29th March 2018 Aim-listed gold producer Goldplat’s Gold Recovery Ghana (GRG) subsidiary has completed the installation and commissioning of an elution plant and all associated ancillary equipment at its gold recovery site in Tema, Ghana.  

Ghana positioned to be regional hub for upstream products in the mineral value chain

By: Anine Kilian     28th March 2018 Ghana’s economic landscape has been shaped by the mining sector and, while mineral extraction has contributed to the country’s development path, the extent to which the country has tapped its mineral potential has remained limited. As interest in the country’s mineral sector grows, it is expected... 

Increasing mining services in Africa key to industry's long-term sustainability

By: Anine Kilian     27th March 2018 Increasing the demand for mining goods and services is necessary to grow this industry in Africa, Southern African Development Community (SADC) industrialisation adviser Seth Akweshie said on Tuesday. Most inland developments in Africa have been established owing to nearby mining activities, he... 

Kinross Gold settles US charges related to bribe prevention in Africa

By: Reuters     27th March 2018 The US Securities and Exchange Commission said Canadian mining company Kinross Gold Corp agreed to pay $950 000 to settle civil charges that it failed to ensure its payments in Africa were not being used to bribe government officials. The SEC said in a statement Monday the company did little to... 

Erin Energy widens loss despite higher oil price lifting revenue

By: Simone Liedtke     16th March 2018 Oil and gas exploration and production company Erin Energy has widened its net loss to $151.9-million, or $0.71 a share, in 2017, from $142.4-million, or $0.67 a share in 2016. The loss comes despite a 30% increase in revenue to $101.2-million and lower exploration and production expenses. The... 

Digitalisation, automation to increase across Africa

By: Mia Breytenbach     16th March 2018 Digitalisation and automation in the mining industry have become a reality, says mining and equipment services provider Sandvik Southern Africa sales VP Simon Andrews, who tells Mining Weekly that industry “has stepped beyond the conceptual phase and entered the operational phase”. He suggests... 

ProEthics

     16th March 2018 South African professional ethics advisory ProEthics empowers its clients to fight dishonest business practices and prevent losses resulting from crime and irregularities, by promoting an ethical culture and responsible organisational governance. Pretoria-based ProEthics says ethics and risk... 

Biggest Ghana mine union plans strikes over Gold Fields jobs

By: Bloomberg     9th March 2018 Ghana’s largest mineworkers’ union plans protests and strikes throughout operations in the country if the government allows Gold Fields’s local unit to dismiss more than 2,000 staff as it starts the process of hiring a contractor to operate its biggest mine in the West African nation. Gold Fields... 

Mauritania encourages new gold prospects

By: Tasneem Bulbulia     9th March 2018 Mauritania-based mining and exploration company Suricate Minerals is capitalising on the unexplored territories and the investor-friendly climate of the country to pioneer the development of gold deposits in north Mauritania, Suricate Minerals executive director Ahmed Hertani tells Mining Weekly.... 

Ghana, AngloGold agree to Obuasi redevelopment

     9th March 2018 Gold mining company AngloGold Ashanti has signed the regulatory and fiscal agreements with the government of Ghana that will provide the framework for the redevelopment of the Obuasi gold mine, in Ghana, into a modern, productive mining operation, the company announced in a press release last... 

Ghana President seeks to barter bauxite for roads, bridges

By: Bloomberg     7th March 2018 Ghana will finalise details of an infrastructure program before the end of the year and will pay for it with refined bauxite, said President Nana Akufo-Addo. The West African nation is seeking to derive more value from its bauxite resources by expanding the country’s processing capacity. Last... 

thyssenkrupp committed to strengthening partnerships and driving industrialisation processes in Africa

     5th March 2018 thyssenkrupp Industrial Solutions is proud of its time-honoured history as a leading partner of engineering, equipment, technology, plant and service solutions to mining, cement, chemical, fertilizer and oil & gas industries across the African continent.  In a bid to further strengthen its... 

Drilling programme ups resources at Namdini gold project

By: Megan van Wyngaardt     5th March 2018 As a result of an additional 15 684 m of diamond drilling at dual-listed Cardinal Resources Namdini gold project, in Ghana, the company has converted its inferred category ounces into the indicated mineral resource category, which now stands at 6.5-million ounces, contained in 180-million tonnes.... 

Uptick in mining sees renewed interest in MICROMINE software updates

     2nd March 2018 Existing and prospective clients can look forward to the latest Geobank 2018 release in early March, with Micromine 2018 planned for a mid-April 2018 launch, according to leading mining-software solutions provider MICROMINE. The latest iterations are hotly-anticipated due to increased project... 

Ghana to tighten controls on gold exports to protect revenues

By: Reuters     28th February 2018 Ghana will certify the value of gold exports as part of efforts to tighten controls on the sector to ensure the state receives the revenues it is due, the vice president said on Tuesday. Ghana, Africa's second largest gold miner after South Africa, earned $5.78 billion from exports of the metal... 

AngloGold seeks Tanzania talks to break impasse on mine laws

By: Bloomberg     27th February 2018 AngloGold Ashanti is seeking talks with the Tanzanian government to break a deadlock over changes to mining laws that the firm has said it will challenge through arbitration. “We have reached out to the government for negotiations,” Chief Executive Officer Srinivasan Venkatakrishnan said in an... 

Goldplat reports £1.58m H1 operating profit

By: Simone Liedtke     26th February 2018 Aim-listed Goldplat reported an operating profit of £1.58-million for the six months ended December 31, with its Goldplat Recovery operations, in South Africa, performing "exceptionally well" and Kilimapesa Gold (KPG), in Kenya, showing major improvements. Gold Recovery Ghana (GRG), however,... 

Sibanye says clears most illegal miners from gold shafts

By: Reuters     26th February 2018 Precious metals producer Sibanye-Stillwater arrested nearly 1 400 illegal miners at its South African gold shafts last year in a blitz the company says has mostly ended the practice at its mines. Illegal gold mining has plagued South Africa for decades and it costs the government and the industry... 

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