The Kamoa-Kakula copper mine in the DRC is the largest in Africa and is set to become the second largest in the world in the coming years. The mine should produce about 500,000 tons of copper concentrate this year. Ivanhoe Mines announced on May 28 the successful completion of Phase 3 of the mine's development, increasing its annual production capacity to over 600,000 tonnes. #News -...

Belgium has been a hub for the export to certain African countries of fuels banned in Europe because of their toxicity to health and the environment. On Friday, May 24, reports stated that the Belgian government had banned the export of fuels to certain West and Central African countries. These fuels are deemed toxic to health and the environment due to their high sulfur, benzene, and manganese...

Mali has been ruled since 2021 by Colonel Assimi Goïta, who took over following a military coup. Following a national dialog in May, authorities extended the transition period, which prompted a reaction from the exiled opposition. Opponents exiled in Europe after Colonel Goïta’s takeover in Mali have announced the creation of a transitional government outside the country. According to...

Amid a persistent security crisis, Niger, Mali, Burkina Faso, Togo, and Chad are collaborating to address regional security challenges. The region recorded 1,814 terrorist attacks in the first half of 2023, according to ECOWAS. The armies of Niger, Mali, Burkina Faso, Chad, and Togo are currently conducting joint military exercises to strengthen their counter-terrorism capabilities. According to...

Emmerson Plc has incorporated a new treatment method into its environmental and social impact study for the Khemisset project, halving water consumption. With Morocco facing increased drought, the company hopes to quickly secure the government’s approval. Moroccan authorities have yet to approve the environmental impact management plans for the Khemisset potash project. Recently, Emerson Plc,...

International Holding Company (IHC) plans to acquire mining concessions worth $1 billion across several African countries in 2024. The Emirati group will proceed through International Resources Holding (IRH), its subsidiary.  Emirati conglomerate International Holding Company (IHC) plans to acquire many mines in Africa this year. According to The Financial Times, which reported the...

After months of negotiations, the Malian government acquired the Morila gold mine for a symbolic dollar. The asset was transferred to SOREM-SA, a State company. Now, however, the mine is at the heart of a legal dispute between a Malian subcontractor who asks the mine’s former owner for unpaid dues. The subcontractor, Entreprise Générale Traoré et Frères SARL (EGTF), has launched an...

Several mining firms acquired projects in Côte d’Ivoire in recent years. WIA Gold is among them. The Australian mining junior has been looking for an economically viable gold deposit in the country.  WIA Gold has launched a 10,000-meter reverse circulation drilling program at its Bouaflé gold project in Côte d'Ivoire. The investment aims to test ten high-grade gold mineralized trends...

Green bond issuance in emerging markets rose by 34% in 2023, reaching $135 billion, up from $101.2 billion in 2022. Financial institutions were the largest issuers, using most of the proceeds to finance sustainable energy, buildings, and transportation. Amundi, a major asset manager, and the International Finance Corporation (IFC) revealed these figures in a report published on May 22,...

The integration of artificial intelligence (AI) in the banking sector took center stage at the first semi-annual meeting of the Regional Consultative Group of the Financial Stability Board for Sub-Saharan Africa (GCR-ASS). The event, hosted by the Central Bank of West African States (BCEAO), was held in Dakar, Senegal, from May 22 to 23, 2023. While the press release following the meeting did...