Perseus Mining acquired the Nyanzaga gold project this year, potentially its fourth gold mine in Africa. Though it delayed to secure the necessary approvals, the company intends to start gold production by early 2027.
Perseus Mining announced on December 5, 2024, that the final investment decision (FID) for the Nyanzaga gold mine has been postponed to January 2025. FID was expected for the end of this year.
Perseus reassured that the delay will not affect the planned start of gold production in 2027. “Following the FID, development works will commence immediately, leading to the production of first gold at the Nyanzaga gold mine by January 2027,” stated Perseus Mining’s CEO Jeff Quartermaine.
Ahead of the activity launch, Perseus started drilling at Nyanzaga last August to estimate the project’s mineral resources and ore reserves. Foundational engineering work (FEED) is also underway, alongside plans for relocating communities affected by the Nyanzaga project.
The Nyanzaga gold mine could help raise Tanzania's gold output by 234,000 ounces yearly over a 10-year lifespan. This venture will be Perseus Mining's fourth gold mine on the African continent. Its other mines are in Ghana and Côte d'Ivoire.
ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...
South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...
Investigation targets alleged breaches of Nigeria’s 2023 data protection law Platform processes p...
The main point of contention between Niamey and France’s Orano concerns the uranium stock extracted ...
China’s initiative aims to address the imbalances that have long characterised bilateral trade relat...
Kenya plans a new terminal and runway at JKIA to add 15 million passenger capacity by 2029. The airport handled 8.8 million travelers in 2025,...
Sonatel has activated the 2Africa subsea cable to strengthen broadband capacity and network resilience. The 45,000 km system delivers up to 180...
Bayobab has activated a new cross-border fiber link between Zambia and Mozambique. The interconnection gives landlocked Zambia direct access to...
Ethio Telecom has launched TeleStream to diversify revenue and boost data consumption. The move aligns with its “Next Horizon Digital and Beyond...
Located about 500 kilometers southwest of Cairo, between the oases of Bahariya and Farafra, the White Desert stands out as one of Egypt’s most distinctive...
The University of Lomé on Wednesday opened a fossil and rock exhibition hall showcasing specimens from the country’s coastal sedimentary basin. Led by the...