Canada's Asante Gold, which operates the Bibiani and Chirano gold mines in Ghana, has reported a rise in production and revenues from its two mines. Between February and April 2023, the two mines delivered 51,372 ounces, generating $97.26 million.   The Bibiani and Chirano mines delivered 53,379 ounces of gold between February and April 2024, against 51,372 ounces a year earlier....

Sanlam, a South African insurance company, will acquire a 60% stake in the insurance segment of local media group MultiChoice. The announcement was made via a joint statement issued Tuesday. Sanlam Life, a subsidiary of Sanlam, will purchase this majority stake in NMS Insurance Service, MultiChoice's insurance branch. The initial cash payment is 1.2 billion rand ($66 million), with a...

Orano, a French nuclear company, recently announced the resumption of development at the Imouraren uranium deposit in Niger, after the project was offline for almost a decade. However, the resumption project is facing opposition from the Nigerien government, which could lead to the revocation of Orano's mining permit. The Imouraren is one of the world's largest uranium deposits. According to a...

Tristream Capital offers alternative financing solutions to mining companies, in exchange for royalties on production. Its current portfolio includes investments in Latin America and Asia. Tristream Capital, a company that offers alternative financing solutions to mining companies in exchange for royalties on production, is planning to inject £3 million ($3.8 million) into the Aukam graphite...

The Ivorian president was eagerly awaited on Tuesday, June 18, for his speech before Parliament. Amidst rumors swirling about a potential announcement regarding the 2025 election, he surprised everyone by making no statement on the matter. In Côte d'Ivoire, President Alassane Ouattara has kept the political arena on edge regarding his potential candidacy in the 2025 presidential election. On...

Benin, a major cotton supplier in West Africa alongside Mali and Burkina Faso, has taken significant steps to industrialize its textile sector with government support in recent years. On June 14, the Zone Industrielle de Glo-Djigbé (GDIZ) in Benin launched the delivery of 80,000 locally-produced children's leggings to the French ready-to-wear chain KIABI. This milestone, announced in a press...

Despite recent tensions between Niger and the US, the development of the Dasa uranium mine in Niger can still count on American support. The future mine’s output is part of the global supply for nuclear power plants, particularly in Canada and the USA. Global Atomic, the Canadian company behind the Dasa project, expects to obtain approval by July 2024 from the credit committee of a U.S....

Chemaf has had a 25-year lease on a copper-cobalt permit belonging to Gécamines since 2015. To develop this permit, Chemaf has put itself up for sale in 2023, as it was struggling to finance the project. However, Gécamines is yet to approve the sale. The sale of Chemaf Resources, a copper-cobalt miner in the DRC, will not go through without the approval of Gécamine, the State mining company....

Madagascar’s Molo graphite currently produces 17,000 tonnes per year. NextSource Materials, the owner, wants to increase this capacity to 150,000 tonnes a year by investing $162 million. It recently announced the IFC's support for the project. The Molo graphite mine will see its production capacity rise from 17,000 tons to 150,000 tons per year, with a $162 million investment. Last...

Though the world’s top cobalt producer, the Democratic Republic of Congo (DRC) supplies barely 1% of the refined cobalt used worldwide. The Central African country, also the world’s second-largest copper producer, has been ramping up efforts to develop its local processing industry, leveraging the interest of big countries for its subsoil. Last week, the US government announced a $2...