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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... 

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. 

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... 

Contrasting performances for Sub-Saharan African, European miners – BMI

By: Simone Liedtke     17th May 2018 Europe and sub-Saharan Africa are on opposite ends of BMI Research’s Mining Risk and Reward Index (RRI), as can be seen with Europe’s significantly stronger performance in country and industry risk indicators, while sub-Saharan Africa continues to lag in country reward scores. The country reward... 

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... 

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... 

Kinross reports knock-out Q1 profit

By: Henry Lazenby     9th May 2018 Canadian multinational gold producer Kinross Gold has reported a 435% jump in headline profit for the three months ended March 31, as 30% higher year-on-year margins and a decrease in depreciation, depletion and amortisation boosted the bottom line. Adjusted net earnings increased to... 

West African mining industry rising despite challenges

By: Erin Steenhoff-Snethlage     13th April 2018 West Africa has the potential to attract greater investment and further develop its fledgling mining industry, says Centurion Law group CEO NJ Ayuk. “Almost every country in the region has mineral reserves that have barely been touched, in contrast with Southern Africa, where mining is a mature... 

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... 

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... 

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... 

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.... 

Mining Indaba achieves ‘support’ goal, sees increase in investor interest

By: Jessica Oosthuizen     2nd March 2018 The goal of the 2018 Investing in African Mining Indaba – to support junior, midtier and major miners through investment and finance while enhancing the platform to include more discussion on sustainability – has been met, says event organiser Mining Indaba director of content Harry Chapman. He... 

Bar one exception, Canadian gold majors' Q4 headline earnings tread water on lower output

By: Henry Lazenby     15th February 2018 Canada's gold majors reported fourth-quarter and full-year 2017 financial results on Wednesday following market close, with headline earnings coming in flat or lower year-on-year, as companies work with smaller, more streamlined production portfolios. The exception was Goldcorp, which put in a... 

Chamber-mentored black emerging miner hits high spots in contest

By: Martin Creamer     7th February 2018 Chamber of Mines-mentored black emerging mining company Opal Mining on Wednesday hit the high spots on the investment battlefield stage at the Investing in African Mining Indaba. Opal, headed by group executive chairperson Paul Ranamane succeeded in reaching the semi-finals of a tough... 

Suricate Minerals seeks to unlock latent mineral wealth in Mauritania

7th February 2018 Privately-owned Mauritanian mining and exploration company Suricate Minerals is engaging with international financial and technical service partners to develop its quartz, barite, lithium, copper and gold prospects located throughout the country. Suricate Executive Director Ahmed Hertani, who has... 

Zest WEG Group 

5th February 2018 The Zest WEG Group 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.  

Junior projects lighting bright path into Africa for ‘search and solve’ group

By: Martin Creamer     26th January 2018 Motor and controls manufacturer Zest WEG Group, which designs, manufactures, markets and installs electrical products and solutions across the full electrical spectrum, is achieving great success with its new specially crafted ‘pavement pounding, search and solve’ business model that ensures... 

Junior projects lighting bright path into Africa for ‘search and solve’ group

By: Martin Creamer     26th January 2018 Motor and controls manufacturer Zest WEG Group, which designs, manufactures, markets and installs electrical products and solutions across the full electrical spectrum, is achieving great success with its new specially crafted ‘pavement pounding, search and solve’ business model that ensures... 

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. 

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