The TSXV-listed Awalé Resources announced this week, it has obtained a new gold prospective license in Comoé district (South-Eastern Côte d’Ivoire). The “Nianda” permit which is the second license granted to Awalé out of its three applications for Abengourou project, allows the company to hold a domain of 718 km². “The granting of our second permit enhances our...

Luraca Diamond announced yesterday April 12, it recovered a top light brown gem diamond of 472 carats at its karowe mine in Botswana. This is the third largest diamond recovered at the mine. “In 2018, mining at Karowe is focused in the high value south lobe, which consistently delivers large, high quality diamonds in excess of 10.8 carats in size,” the CEO Eira Thomas (photo) said,...

The Ghanaian capital Accra will host for two days, the 5th edition of the African Summit of Palm Oil and Rubber. The event, entitled “moving forward with sustainable oil palm in Africa and improving smallholder’s productivity; continued resilience of natural rubber in the face of challenges” will be held next 25-16 April. During this summit, it will mainly be discussed, the issue...

Zimbabwe bought two Boeing 777 aircraft and an Embraer from a Malaysian company. This was announced last April 11 by the finance minister Patrick Chinamasa (photo), who added that the planes would not be immediately leased to the national airline, Air Zimbabwe, which is currently unprofitable. Speaking during the first Boeing’s reception ceremony in Harare, the official specified...

Global prices of palm oil are expected to drop by the end of the current season which ends next September owing to a glut of supply on the market. Thomas Mielke, CEO of Oil World, a vegetable oil analysis firm, told Reuters that the price per ton could fall to between $40 and $50 in a few months, from the current $630. “We see for April-September a global output...

Kenya has cut by more than 50% the purchase price for energy generated by one of its solar plants thanks to a $135.7 million concessional loan granted by Exim Bank of China for the facility’s construction. The power generated by the Garissa plant, which will be constructed by Kenya's Rural Electrification Authority (REA), will be sold at 5.49 cents per kilowatt instead of...

Burkina Faso plans to end the agreement with Pan African Minerals (PAM) on Tambao mine, Bloomberg reports. Oumarou Idani (photo), the Burkinabe mine minister declared on national TV yesterday April 11, that the state will give a 90 days notice to the company headed by Frank Timis, to end the agreement. He also indicated that the company has failed to construct the rail and...

The French Development Agency (AFD) and the Saudi fund for development announced yesterday April 11, they will jointly invest €200 million in African projects, especially in the Sahel region. “We’ve signed a memorandum of cooperation with the Saudi fund for development, for a strengthened cooperation, a strategic dialog, co-financing, but also €100 million from each partner to...

In Mali, the farmers' rights organization reported a growing trend of land grabbing, and in the same move called for a fast enforcement of the 2017 land law whose decrees were issued last month. This was on the sidelines of the discussion meetings called “Village of landless” in Segou, RFI reports. “The village communities denounce the action of large national and foreign groups...

Senegal wants to join the top 7 largest gold exporters in Africa by 2035, the minister of mine and geology Aïssatou Sophie Gladima revealed. Speaking during a validation workshop on the ministry’s annual joint review, she indicated that the country plans to increase its annual gold production from 7.25 tons in 2017, to 18 tons by 2023. “In addition to Sabodala and Kharakhena mines, the...