https://www.miningweekly.com

Traka warns its stake in Guinea project at risk

7th July 2025

By: Tasneem Bulbulia

Deputy Editor Online

     

Font size: - +

ASX-listed Traka Resources has received a notice from its project partner Alamako Resources, purporting to terminate the partnership agreement entered into on April 18 relating to the exploration and development of certain mineral tenements in Guinea.

Traka says it does not accept that Alamako has any legal or contractual basis to terminate the agreement and is currently reviewing its rights and options in light of the correspondence received.

It adds that it has made a financial contribution of $200 000 under the terms of the agreement and has at all times acted in good faith.

Traka says it will continue to assess the situation.

As reported by Mining Weekly on April 22, Traka had signed an exclusive agreement with Guinea-based Alamako Corporation International to earn a 75% interest in the Didi gold project, which is highly prospective for gold. 

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.071 0.773s - 110pq - 2rq
Subscribe Now