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...

Mali has kicked off the construction of a major solar power plant with the help of Russia. This project comes after the two countries recently signed a civil nuclear agreement. Malian Energy Minister Bintou Camara announced the construction of the solar photovoltaic plant. The facility will be the largest in West Africa, she said on national television ORTM. "This plant, the largest in the...

African startups are unveiling the transformative potential of artificial intelligence (AI) across sectors like healthcare, agriculture, and finance. However, broad adoption of this disruptive technology requires public policies. While some African countries lead in AI readiness, the overall integration of AI faces significant obstacles such as digital infrastructure deficits, underinvestment in...

Cobalt prices have plummeted to under $30,000 per tonne, down from over triple that amount just years ago. As the world's largest consumer, China seeks to increase its strategic cobalt reserves amidst the price drop. China announced it would buy a record 15,000 tonnes of cobalt on the market starting next month to bolster its strategic reserves. Beijing's decision comes as global supply...

Côte d'Ivoire has partnered with a Chinese company to exploit a coltan deposit. This will position the West African country as a new supplier alongside Rwanda and the DRC.  Côte d’Ivoire paired with a Chinese firm to exploit “an economically viable coltan deposit” in the Issia department. According to the May 22 Ministers’ Council report, SODEMI, the State-owned mining company,...