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BME’s West African footprint expands as it clinches Mali blasting service contract

By: Mia Breytenbach     15th December 2017 West Africa remains an exciting region for South Africa-based explosives and blasting leader BME, which has won a full blasting service contract for a new opencast gold mining operation that is set to become the largest producer in Mali. From 2006 to 2015, 18 mines were opened in the region,... 

Separate stock exchange listing for Aura’s Sweden project

By: Mariaan Webb     13th December 2017 Dual-listed uranium and gold focused Aura Energy has started the process to list its Häggån project in Sweden separately on multiple international exchanges to “maximise the value of the battery metal content” of the project. The project contains vanadium, molybdenum, cobalt, neodymium, nickel... 

Australian uranium hopefuls welcome Cameco production cuts

By: Esmarie Swanepoel     10th November 2017 Australia’s uranium hopefuls have welcomed a decision from uranium major Cameco to shutter its McArthur River mining and Key Lake milling operations, in Canada. Cameco this week announced its plans to remove some 10% of the current global uranium supply, on the back of continued uranium price... 

Opportunities persist in sub-Saharan Africa, despite unfavourable mining sector

     10th November 2017 Opportunities remain in sub-Saharan Africa (SSA), despite a spate of regulatory changes and policy uncertainty across major mining countries in the region eroding investor sentiment, highlighting the region’s mining sector as the riskiest in the world, according to Fitch-affiliated BMI. The... 

New merger boosts offering for Africa’s mining industry

By: Tasneem Bulbulia     10th November 2017 Multinational consulting, engineering and project management firm Amec Foster Wheeler has merged with industrial facilities specialist Wood Group to form a new company – Wood – that will specialise in the delivery of project, engineering and technical services in the energy and industrial... 

Kinross reports 35% dip in Q3 earnings on lower sales

By: Henry Lazenby     9th November 2017 Canadian major Kinross Gold has reported a 35% dip in third-quarter profit as metal sales fell, the company advised on Wednesday. The Toronto company reported adjusted net earnings attributable to common shareholders for the three months ended September of $84.1-million, or $0.07 a share,... 

Product tackles inclement conditions, improves productivity

By: Nadine James     13th October 2017 One of the biggest challenges facing the mining industry with regard to its motors, gear drives and belt drives is protection from adverse weather conditions and the resulting ingress of dust and moisture, says pumps manufacturer Australian Pumps, commonly known as Aussie Pumps. “In the Pilbara,... 

Kinross to invest $820m to tread water on production

By: Bloomberg     20th September 2017 Kinross Gold is spending more than $800-million to essentially tread water as – like many miners – it faces a future in which new gold assets are increasingly difficult to find and costly to develop. The Canadian miner said Monday it will move ahead with expansions at mines in Mauritania and... 

Kinross to proceed with Tasiast Phase 2, Round Mountain expansion projects

By: Henry Lazenby     18th September 2017 Senior Canadian miner Kinross Gold has revealed that it will spend about a $1-billion on two significant capital growth plans for the Phase 2 expansion of its Tasiast mine, in Mauritania, as well as the Phase W of the Round Mountain mine, in Nevada. “With Phase 2, Tasiast's annual production is... 

Mauritania issues 30-yr mine licence for Algold’s Tijirit project

By: Henry Lazenby     16th August 2017 West Africa-focused junior project developer Algold Resources has received a formal decree by the Mauritania government granting a 30-year mining licence for the Tijirit project. Montreal, Quebec-based Algold in June announced that the Mauritania government intends to issue the mining licence,... 

Resource exports boost mining equipment

By: Marleny Arnoldi     11th August 2017 The mining industry is Australia’s prime driver of export growth, says pumps and pressure cleaners manufacturer Australian Pump Industries, commonly known as Aussie Pumps.  

After successful Q2, Kinross on track to meet 2017 production, sales guidance

By: Samantha Herbst     3rd August 2017 After a strong second quarter with consistent operational results, Canadian gold major Kinross Gold remains on track to meet its yearly production guidance of between 2.5-million and 2.7-million gold equivalent ounces and a production cost of sales guidance of between $660 and $720 per gold... 

Sub-Saharan Africa’s iron-ore sector to benefit from Chinese investment

     28th July 2017 Sub-Saharan African iron-ore production is expected to continue to edge up from 93-million tons in 2017 to 103-million tons in 2021, as continued Chinese investment in the region offsets the effects of lower global prices, says research firm BMI, which also, however, warns of the risk the... 

Sub-Saharan Africa remains home to riskiest mining sector – BMI

By: Creamer Media Reporter      10th July 2017 Sub-Saharan Africa’s mining sector will remain the riskiest in the world over the next few years on the back of policy uncertainty, underdeveloped infrastructure and political risk. BMI Research on Monday said that, overall, sub-Saharan Africa scored 38.9 points out of 100 – behind all other... 

Explorer seeking partners to support its efforts to tap Mauritania’s mineral wealth

By: Ilan Solomons     7th July 2017 Mauritania has many mining investment opportunities, with economic, social and political conditions conducive to the pursuit of developing a sector considered strategic by the country’s government, says Oil, Energy and Mines Minister Dr Mohamed Abdel Vetah. He points out that the Mauritania... 

Explorer seeking partners to support its efforts to tap Mauritania’s mineral wealth

By: Ilan Solomons     7th July 2017 Mauritania has many mining investment opportunities, with economic, social and political conditions conducive to the pursuit of developing a sector considered strategic by the Mauritanian government, says Mauritania Oil, Energy and Mines Minister Dr Mohamed Abdel Vetah. He points out that... 

Kinross launches $500m unsecured debt offering to repay 2020 term loan

By: Henry Lazenby     29th June 2017 Major Canadian miner Kinross Gold has launched a $500-million unsecured ten-year debt offering which it will use, in combination with cash on hand, to repay its $500-million term loan due in 2020. Toronto-based Kinross, which has mines and projects in the US, Brazil, Russia, Mauritania, Chile and... 

Mauritania govt grants Algold mining licence

By: Henry Lazenby     15th June 2017 Quebecois junior project developer Algold has received a 30-year mining licence from the Mauritania government that will be ratified by decree by the Mauritanian Council of Ministers. Under terms of a mining licence grant, Algold will deliver a feasibility study by December 2018. 

Alba Minerals’ CEO to step down

By: Creamer Media Reporter      30th May 2017 Michael Nott will step down as CEO of Aim-listed Alba Mineral Resources, effective June 1. He will, however, remain on the company’s board as nonexecutive director. 

Ghana, Mauritania and Sao Tome make ‘meaningful progress’, Malawi publishes first EITI report

By: Ilan Solomons     26th May 2017 At a recent meeting in Bogotá, Colombia, the Extractive Industries Transparency Initiative (EITI) board agreed to assess the performance of its 51 implementing countries against the EITI standard and found Ghana, Mauritania and Sao Tome and Principe to have made “meaningful progress”. The EITI is... 

Aura Energy submits mining lease application for Mauritania uranium project

By: Megan van Wyngaardt     24th May 2017 Dual-listed Aura Energy has submitted a mining lease application to the government of Mauritania for the development of its Tiris uranium project. Marking it a key milestone, the company said the application followed a broad programme of evaluation and study over the past eight months, which... 

Suricate Minerals seeks to unlock Mauritania’s untapped minerals potential

By: Ilan Solomons     5th May 2017 Privately owned Mauritanian mining exploration company Suricate Minerals is making good progress on the exploration development of its quartz, barite, iron-ore and gold projects, in Mauritania, company executive director Ahmed Hertani tells Mining Weekly. Suricate will soon undertake a... 

Kinross lifts Q1 earnings as metal prices rise

By: Henry Lazenby     3rd May 2017 Multinational miner Kinross Gold has posted slightly better first-quarter headline earnings as metals prices improved in the period ended March. Adjusted net earnings attributable to common shareholders were $23.4-million, or $0.02 a share, compared with $21.2-million, or $0.02 a share, for the... 

First Quantum swings to Q1 loss on increased tax charge

By: Henry Lazenby     28th April 2017 Base metals producer First Quantum Minerals has swung to an adjusted loss of $29-million, or $0.04 a share, during the first quarter ended March 31, as no tax credit was recognised regarding losses realised under a sales hedge programme. Headline earnings fell short of analyst forecasts calling... 

W African countries underperformers in SSA risk/reward rating

     14th April 2017 Mining in sub-Saharan Africa (SSA) is most under strain in West Africa, according to research firm BMI Research, a Fitch Group company. BMI published its ‘Industry Risk/Reward Index (RRI) – sub-Saharan Africa (SSA) Mining: Future Sector Growth to be Hampered by Business Environment’ report on... 

Erin Energy enters farm-out agreement over two oil blocks in The Gambia

By: Megan van Wyngaardt     27th March 2017 Dual-listed Erin Energy Corporation has entered into a definitive farm-out agreement with ASX-listed oil and gas company FAR, which will acquire an 80% interest and operatorship of Erin’s offshore A2 and A5 blocks in The Gambia. Erin Energy will retain a 20% working interest in both blocks. 

Power & Electricity World Africa 2017

     9th March 2017 Africa’s largest power and electricity show - Power & Electricity World Africa 2017 celebrates its 20th anniversary. The show welcomes over 7000 attendees and hosts a mecca of solution providers spanning 3 halls and thousands of square meters. Taking place in Johannesburg South Africa, this is a... 

Kinross narrows Q4 loss as margins rise

By: Henry Lazenby     16th February 2017 Canadian miner Kinross Gold has reported a smaller headline loss for the fourth quarter ended December 31, as margins expanded on the back of higher gold sales and prices. The Toronto-based company reported an adjusted net loss of $50.9-million, or $0.04 a share, for the three-month period,... 

Mining Indaba remains pivotal to Africa

By: Ilan Solomons     3rd February 2017 The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount significance”, says Mining Indaba MD Alex Grose. This is also a key motivation for the at least 24... 

Mining Indaba remains pivotal to Africa 

By: Ilan Solomons     27th January 2017 The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount significance”, says Mining Indaba MD Alex Grose. This is also a key motivation for the at least 24... 

Mining Indaba remains pivotal to Africa

By: Ilan Solomons     27th January 2017 The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount significance”, says Mining Indaba MD Alex Grose. This is also a key motivation for the at least 24... 

Africa’s mineral exploration budget 24% lower y/y in 2016

By: David Oliveira     26th January 2017 Although Africa accounted for 13%, or $916-million, of the global mineral exploration budget in 2016, research from Standard & Poor’s (S&P’s) Global Market Intelligence has revealed that that was 24% lower than in 2015. The continent has, thus, dropped to being the fourth-largest investor in... 

Shining iron-ore future for Sierra Leone possible as Chinese investors commit

By: Natasha Odendaal     13th January 2017 The $700-million planned injection by Chinese State-owned mining company Shandong Iron and Steel into an iron-ore processing plant at the Tonkolili mine, in Sierra Leone, has further cemented the West African region’s strong mining outlook, BMI Research said on Friday. The new investment, which... 

Kinross lifts Q3 gold margin 36%

By: Henry Lazenby     3rd November 2016 Canadian multinational miner Kinross Gold on Wednesday reported a 36% wider attributable margin on every gold-equivalent ounce sold, rising to $617/oz, compared with a third-quarter 2015 margin of $454/oz. "Our portfolio of mines continued to deliver consistent and solid operational performance... 

Kinross inks new 3yr Tasiast labour accord

By: Henry Lazenby     5th October 2016 Toronto-based Kinross Gold has reached a new three-year collective labour agreement (CLA) with unionised employees at its Tasiast mine, in Mauritania. The TSX- and NYSE-listed company also on Tuesday announced the signing of a ‘Mauritanisation’ agreement with government to increase the number of... 

Canadian tyre company expanding presence in Africa

By: Dylan Slater     30th September 2016 Canada-headquartered tyre management and supply company Kal Tire is expanding its presence in Africa, and especially in South Africa, in the light of compliance with the Mining Charter and implemention of a broad-based black economic empowerment (BBBEE) programme.  

Zest WEG Group 

     15th September 2016 Zest WEG Group, a subsidiary of leading Brazilian motor and controls manufacturer WEG, has a strong commitment to contributing to the development of the African region, and has been servicing the mining sector on the continent for more than 35 years.  

Kal Tire 

     14th September 2016 From its inception nearly 45 years ago, Kal Tire’s Mining Tire Group has been driven by three goals: optimise customers’ return on their earthmover tyre investment, help improve mine site productivity and solve customers’ tyre challenges. 

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