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Thor Explorations aims to lead Nigeria's new mining pack

By: Reuters     14th May 2018 Canada-listed junior miner Thor Explorations aims to bring Nigeria's first large-scale gold mine online in early 2020, its CEO said, as the West African country seeks to diversify its economy away from oil and gas. Following the commodity price crash of 2015/16, the World Bank in April 2017 said... 

Sub-Saharan Africa GDP uptick predicted on stable oil and metal prices

By: Nadine James     27th April 2018 Sub-Saharan Africa’s growth is projected to reach 3.1% in 2018, and to average 3.6% in 2019/20, reports a biannual analysis of African economies conducted by the World Bank, Africa’s Pulse, which was released by the international finance organisation last week. The growth forecasts are premised... 

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... 

New boards to grow Nigerian mining, focus on economic growth

13th April 2018 Four agencies and parastatals under the Nigerian Federal Ministry of Mines and Steel Development (NFMMSD) had their boards reconstituted with specific mandates to assist in the growth of the mining sector in Nigeria, in March. The four entities are the Nigerian Geological Survey Agency (NGSA),... 

Nigeria to offer funding to artisanal, small-scale miners

13th April 2018 The Nigerian Federal Ministry of Mines and Steel Development and the Bank of Industry (BOI) have opened applications to the funding scheme for Nigerian artisanal and small-scale miners (ASM) in February. In August 2017, the two entities signed a memorandum of understanding (MoU) for the... 

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... 

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... 

Confronting Africa’s corrupt business culture

By: Tracy Hancock     16th March 2018 Corruption is a huge challenge with regard to the supply of cross-border mining services in Africa. Corruption seems to be entrenched in the culture of the way things are done in Africa, as anticorruption laws are not necessarily well enforced, with Pretoria-based professional ethics advisory... 

Lemur advances Madagascar coal asset

By: Donald Makhafola     16th March 2018 Aim-listed Bushveld Minerals subsidiary Lemur Resources' Imaloto coal asset in Madagascar is at an advanced development stage, being fully explored and ready to start mining, subject to environmental approvals, says Lemur Resources CEO Prince Nyati, who reiterates that all effort and development... 

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... 

Drilling starts on Thor's Senegal assets

By: Henry Lazenby     12th March 2018 Toronto-quoted exploration junior Thor Explorations has puller the trigger on an 8 000 m reverse circulation (RC) drilling programme on its Douta project, in south-east Senegal. This programme follows on from its successful 2017 RC drilling programme that had identified a number of wide,... 

Sierra Leone to vote amid discontent over ebola, iron-ore

By: Bloomberg     6th March 2018 Sierra Leone will hold elections on Wednesday in which an unprecedented number of political parties will compete as discontent over the government’s handling of an economy battered by the Ebola outbreak has soared. The vote marks a departure from a decades-old tradition that mainly divided the... 

Africa’s leading industry trade fair prepares to open its doors

By: Creamer Media Reporter      6th March 2018 The countdown has begun: bauma CONEXPO AFRICA opens its doors for the third time in one week. The largest trade fair for construction machinery, building material machines, mining machines and construction vehicles in Africa continues to attract international participation, highlighted by four... 

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... 

Nigerian mining’s GDP contribution seen increasing sixfold to 3%, cautious optimism takes hold in South Africa

By: Mia Breytenbach     23rd February 2018 With investors continuously scouring for new opportunities worldwide and countries scrutinised for their investment attractiveness and moni- tored in terms of economic growth, new light has been cast on the re-emerging and growing Nigerian mining sector, while South Africa’s mining industry... 

Nigerian mining’s GDP contribution seen increasing sixfold to 3%, cautious optimism takes hold in SA

By: Mia Breytenbach     23rd February 2018 With investors continuously scouring worldwide for new opportunities and countries scrutinised for their investment attractiveness and monitored in terms of economic growth, currently, new light has been cast on the re-emerging and growing Nigerian mining sector, while South Africa’s mining... 

Canada's Thor Explorations may raise up to $35m in a London listing

By: Reuters     12th February 2018 African miner Thor Explorations will most likely choose London's junior AIM market to list its shares this year in its bid to raise up to $35-million, its chief executive said on Friday. Thor, which is already listed in Toronto's TSX Venture Exchange (TSX-V), will use the proceeds of the new... 

bauma CONEXPO AFRICA supporting program offers a glimpse into topics of the future

By: Creamer Media Reporter      9th February 2018 The supporting program for bauma CONEXPO AFRICA gives both exhibitors and visitors a comprehensive overview of the technologies of the future. The focus will be on networking and communication between specialists from various fields. The African and international construction and mining... 

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... 

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... 

Company prefers sponsoring event, expands African footprint

By: Marleny Arnoldi     26th January 2018 Minerals and cement industry equipment and services supplier FLSmidth will be the exhibit hall title sponsor for the Investing in African Mining Indaba for the third consecutive year.  

African mining off course to achieve bullish growth forecasts

By: Nica Schreuder     26th January 2018 The short-term mining cycle looks positive for Africa, but the continent is “way off achieving bullish growth forecasts”, largely owing to regulatory and infrastructural constraints, advisory firm Deloitte energy and resources leader Andrew Lane tells Mining Weekly.  

New optimism in the mining sector sees leading suppliers sign up for West Africa’s premier expo

25th January 2018 WAMPEX will be a key focus in 2018 for mining growth across the region following renewed commitment from governments and increasing levels of investment Top suppliers have already signed up to be part of next year’s premier mining expo for West Africa, WAMPEX 2018, which is celebrating its 24th... 

Nigeria lawmakers look into recovering $21bn revenues from oil groups

By: Reuters     19th January 2018 Nigerian lawmakers ordered an investigation on Thursday into whether the government could recover $21-billion in revenues from international oil companies. Oil minister Emmanuel Ibe Kachikwu said in December the government had failed to enforce a legal provision entitling it to a greater share of... 

S Africa may lose out to other African gas sectors

By: Victor Moolman     19th January 2018 Several major international independent power producers and power generation developers are interested in South Africa’s gas-to-power programme (GPP), for which direction in the form of request for quotations and request for proposals from the Department of Energy (DoE) is keenly awaited.... 

Policy certainty needed to drive oil and gas in South Africa

By: Robyn Wilkinson     1st December 2017 The large-scale production of oil and gas has the potential to stabilise South Africa’s economy, relieving unemployment and poverty challenges while driving growth across industries, but government must provide policy certainty and an assertion of future contract stability, says South African Oil... 

A stainless steel industry in Nigeria would be ‘driver of economic development’

By: Dylan Slater     1st December 2017 Nigeria’s mineral wealth of nickel, chromium and molybdenum is positioning the country to be an “investment and foreign exchange haven”, according to Stainless Steel Importers, Installers and Sellers Association of Nigeria (Sisan) director-general Timothy Onwughai.  

Africa’s first coltan smelter established in Tanzania

By: Robyn Wilkinson     10th November 2017 Mining and metals company AB Minerals is partnering with the African Minerals and Geoscience Centre (AMGC) in Dar es Salaam, Tanzania, to establish the first columbite-tantalite (coltan) smelter in Africa. 

Mining Weekly Print Magazine 

By: Creamer Media Reporter      9th November 2017 Mining Weekly is a weekly print magazine that is published each Friday. It’s read by over fifty thousand people every week.  The magazine is distributed to the business premises of our subscribers, and can also be found at retail outlets. It’s also distributed at business lounges in airports in... 

Engineering News Print Magazine 

By: Creamer Media Reporter      9th November 2017 Engineering News is a weekly print magazine that’s published every Friday. It’s read by over fifty thousand people each week.  The magazine is distributed to the business premises of our subscribers, and can also be found at retail outlets. It’s also distributed at business lounges in airports in... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate

By: Martin Creamer     7th November 2017 Dr Mark Bristow of Randgold Resources and Robert Friedland of Ivanhoe Mines may go head-to-head in a live on-stage gold-versus-copper debate at the Investing in African Mining Indaba event at the Cape Town International Convention Centre from February 5 to 8, Mining Indaba MD Alex Grose disclosed... 

Uranium-endowed South Africa stands to benefit from ambitions to improve electricity access in Africa

By: Dylan Slater     3rd November 2017 In tandem with growing ambitions to increase access to electricity for many African citizens who currently have limited or no access to electricity comes the call for new large-scale power stations to be built. This has prompted a keen interest in nuclear power stations and, consequently, a... 

Uranium-endowed South Africa stands to benefit from ambitions to improve electricity access in Africa

By: Dylan Slater     3rd November 2017 In tandem with growing ambitions to increase access to electricity for many African citizens who currently have no or limited access to electricity comes the call for new large-scale power stations to be built. In line with this expansion is a keen interest in nuclear power stations and,... 

Transnet looking abroad for growth as it again pares back South Africa capex 

By: Terence Creamer     30th October 2017 State-owned freight logistics group Transnet continues to pare back its investment portfolio in the South African, which is expected to grow by less than 1% in 2017. The group, which operates rail, port and pipelines businesses, expects to invest R229.2-billion over the coming seven years,... 

Oil prices still struggling but huge potential ahead for Africa

By: Kim Cloete     26th October 2017 Experts from UK-based Standard Chartered Bank expect the oil price will remain in the $45/bl to $60/bl-plus range. “We are in a lower for a longer cycle,” Standard Chartered Bank global head of energy and natural resources Peter Gaw told delegates at the Africa Oil Week, in Cape Town. 

Nigeria seeks to boost mining reserves to lure investors

By: Bloomberg     20th October 2017 Nigeria plans to spend 15-billion naira ($42-million) over the next year to explore for minerals and attract investors into mining and reduce its dependence on oil, Solid Minerals Development Minister Kayode Fayemi said. “Because we are starting from a low base, we want to have a portfolio of... 

Miners need to focus on long-term economic benefits

By: Marleny Arnoldi     20th October 2017 To alter the cheaper-cost mindset miners sometimes adopt in trying economic times, explosives technical services company R.A. McClure president Robert McClure recommends focusing on long-term downstream gains and valuable technological investments.  

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