News & Media

MACIG West Africa 2020-2021

MACIG West Africa 2020-2021

Drawing from over 50 interviews with executives based in Africa, Europe, Canada, and Australia, this report seeks to present the unique features of each jurisdiction included, as well as trends that go across the region and the different sectors of the value chain.

 

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 Kenmare completes relocation of the heaviest piece of mining equipment to be moved in Africa
Kenmare Resources, which operates the Moma Titanium minerals mine in northern Mozambique, has completed the relocation of the heaviest piece of mining equipment to be moved in Africa, the Wet Concentr...
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World Gold Council committed to Sustainable Development Goals
To coincide with the 75th session of the UN General Assembly – and the SDG Business Forum – the World Gold Council has published a report entitled Gold Mining’s Contribution to the UN Sustainabl...
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Gold rush: Can juniors benefit from market conditions?
While many commodities, particularly battery metals, are taking a pounding amid the COVID-19 pandemic, gold continues to shine, reaching its highest price in seven years.
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Tanzania: Mining Sector Reforms Earn Tanzania Over 500bn/-
REFORMS initiated by President John Magufuli in the mining sector have earned Tanzania 528bn/- in 2019/20, up from 168bn/- in 201
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Gold drives toward highest since 2012 on virus resurgence concern
Gold pushed toward the highest level since 2012, lifted by concerns over a second wave of coronavirus infections and growing uncertainty in Hong Kong after China released details of a proposed nationa...
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Petra Diamonds (or some assets) is up for sale
Following a strategic review into its capital structure options, London-listed Petra Diamonds has decided to seek offers for the company or for parts of the business’ assets.
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Australian miners: Leading the pack on ESG in Africa
Over the past few months, despite witnessing strained supply chains, some government-mandated shutdowns and huge reduction in international travel, Australian metals and minerals companies operating i...
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Fuel for thought: Additive boost mining equipment performance
Keeping your diesel equipment performing at its peak in rugged conditions and controlling fuel and maintenance costs are priorities
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Money matters: Securing funding from banking institutions
The mining sector is dealing with the ‘new normal’ – but in this post-COVID-19 world, will banks have enough appetite to funding African mining projects?
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Peak Resources: Preparing for peak NdPr performance
August 2020 marks the three-year anniversary since ASX-listed junior Peak Resources applied for its special mining licence (SML) for its 100% owned Ngualla rare earths project in Tanzania.
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Walkabout Resources continues funding negotiations for Lindi Jumbo
Walkabout Resources is confident that good progress is being made on the funding of the Lindi Jumbo graphite project and continues to focus on this matter as a first priority.
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How Rwanda’s mining sector plans to dig itself out of the COVID-19 crisis
On the 9th of June, the Rwanda Mines, Petroleum and Gas Board unveiled a set of strategies aimed at supporting mining companies to resume full operations and help the sector recover from the impact of...
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Tanzanian Gold Corporation doubles gold mineral resources
Tanzanian Gold Corporation, or Tangold, has received an updated mineral resource estimate for its Buckreef gold project in Tanzania which indicated a doubling of resources in the measured and indicate...
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Walkabout Resources increases its exposure to gold
ASX-listed Walkabout Resources has secured exploration tenure over a highly-prospective, underexplored gold region in south western Tanzania.
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Zambian Government Seeks More Active Role in Mining Assets
Zambian authorities have disclosed that the state-owned investment arm will run mines as an operator rather than a minority investor in future investments, as the government seeks a more active role...
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Rwanda moves swiftly to stop COVID-19 spread
The Rwanda Mines, Petroleum and Gas Board (RMB) has announced guidelines to contain the spread of COVID-19 amongst employees in the mining sector and any other person they come into contact with.
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Mining company uses technology to gear up for Covid-19
One of South Africa’s oldest mining companies has rolled out a high-tech thermal screening solution at one of its mines in Limpopo and at its Sandton head office, as part of a wide-ranging initiativ...
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Covid-19 workplace protocols must become ‘second nature’
Organised business has called for domestic firms to take steps to ensure that their workplaces are Covid-19-ready in light of President Cyril Ramaphosa’s May 24 announcement that the country would t...
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First mining contracts signed in Equatorial Guinea
Equatorial Guinea’s Ministry of Mines and Hydrocarbons has signed the very first mining contracts in the Central African country’s history.
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Stepping up safety in times of crisis
Building a positive African future is not possible without including a tangible zero harm approach and prioritising the health and safety of all stakeholders.
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Renewables embrace lifts Namibia’s energy optimism
With the recently introduced reforms in Namibia’s renewable energy sector and the growing presence and entry of international oil companies into the hydrocarbons sector, Namibia Mines and Energy Min...
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Kibo Energy secures land for energy storage projects
Kibo Energy has announced that it has successfully acquired additional land contiguous to the Benga Power Plant Project in Mozambique.
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Black Rock RAP process to raise US$3.6 billion for Tanzania
Black Rock Mining confirmed that its Tanzanian based consultant has finalised field activities and has now substantially completed the Mahenge Graphite Project RAP process.
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Renewable energy projects in Africa
About 70% of utility-scale renewable energy projects undertaken under the Renewable Energy Independent Power Producer Procurement (REIPPP) programme in South Africa to date have seen the involvement o...
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Mining industry faces a new reality amid and beyond Covid-19
The global mining industry is facing a new reality amid the Covid-19 pandemic, with measures to curb the spread of the virus impacting on economies, mining operations and their supply chains, manufact...
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Armadale raises £550 000 to advance Tanzania project
Aim-listed Armadale Capital has raised £550 000 through a private subscription with certain existing high-net-worth shareholders in the company.
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PwC to assist project financing for gold mining at Buckreef
Tanzanian Gold Corporation has engaged PricewaterhouseCoopers Corporate Finance to assist in securing project financing for construction of two gold mining projects at Buckreef, in Tanzania.
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Lucapa raises $5.25 million for operational expenses
Lucapa Diamond Company intends to undertake a non-renounceable pro-rata rights issue on a 1 for 5 basis with a free attaching option exercisable at $0.10 each and expiring 2 years from the date of iss...
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Plant optimisation: Proactive technology needed
Process plant optimisation is critical for any mining operation throughout its lifespan, and not only in response to mining downturn periods where efficient production becomes a greater priority.
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Gold likely to rise as global Covid-19 restrictions start to ease
The majority of precious metals have moved into uncertain territory, with future trends difficult to predict as Covid-19 disrupts international buying and selling markets (Rhona O’Connell, INTL FCSt...
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Katanga Mining implements cash preserving measures at KCC
Katanga Mining has implemented a number of measures to minimise cash outflows, while protecting value for when conditions improve at its 75%-owned subsidiary Kamoto Copper Company, which operates in t...
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Tharisa acquired entry options in two projects in Zimbabwe
JSE-listed Tharisa has acquired low-risk entry options in two projects – Salene Chrome and Karo Platinum – both of which are located the within the mineral-rich Great Dyke in Zimbabwe.
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Solidarity Fund receives R5m cash injection from major manganese miner
The Tshipi é Ntle Manganese Mining has donated R5 million to the Solidarity Fund set up by President Cyril Ramaphosa in response to the devastating effects of the coronavirus.
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How IMF debt service relief to Rwanda will boost economic recovery
Rwanda has a six-month debt service relief from its International Monetary Fund (IMF) obligations which will allow up to $11M liquidity.
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Strandline Resources signs finance facility with Nedbank for Fungoni
Strandline Resources has achieved another important step towards the development of the Fungoni heavy mineral sands project in Tanzania by signing a US$26 million project finance facility agreement wi...
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Barrick launches covid-19 support program in Tanzania
Barrick Gold (TSX: ABX) (NYSE: GOLD), the world’s second-largest gold miner, announced that Twiga Minerals Corporation, its joint venture with the Tanzanian government, launched a support program to...
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Lucara’s Karowe diamond mine remains fully operational
Lucara Diamond Corp. has implemented a crisis management strategy in relation to COVID-19, to protect the health and well-being of its employees in Botswana, Karowe, and Canada.
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Renewed focus on formalization of artisanal mining sector
The world is undoubtedly in a period where precision and speed are of utmost importance to governance. The prevailing problems remind us that time and resources are finite and that solutions are only ...
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Glencore assures of no material disruption to its operations so far
Global diversified miner Glencore has confirmed that its more than 200 sites and offices in 35 countries remain operational and without any confirmed Covid-19 cases; however, the miner is keeping a cl...
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Amani Gold’s Kebigada mineral resource exceeds milestone
ASX-listed gold explorer and developer Amani Gold has achieved a substantial upgrade to the mineral resource at the Kebigada gold deposit within the Giro gold project in the Democratic Republic of Con...
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Caledonia delivers another ‘strong performance’
Gold miner Caledonia Mining achieved another strong performance in the financial year ended December 31, with its primary asset, the Blanket nine, in Zimbabwe having produced a record level 16 876 oz ...
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Angola making progress in strengthening its precious stone sector
Angola has launched a limited public tender to contract three independent diamond evaluators to evaluate the some 9.2-million carats of rough diamonds produced in the country each year.
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Improved mine plan could double Armadale Capital’s graphite output
AIM-listed Armadale Capital’s could double graphite production from its Mahenge Liandu graphite project in south-east Tanzania via a staged four-year ramp-up process.
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Rwanda’s investments into satellite technology boosts internet penetration
As the world continues to become more digital, Rwanda has acknowledged ICT as a pillar for socio- economic growth and has several investments into space technology. Patrick Nyirishema, Managing Direct...
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Extension granted for completion of uranium acquisition
The ASX has granted Lotus Resources a waiver of ASX listing rule 14.7 which provides an extension of two weeks, to 13 March 2020, for the company to complete the Kayelekera acquisition.
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Glencore joins Global Battery Alliance
The GBA and its members aim to establish, and collaborate on, a sustainable global battery value chain by 2030.
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Ivanhoe development of Congo copper mine ahead of schedule
Canada’s Ivanhoe Mines (TSX: IVN) announced that the underground development at its Kakula copper mine in the Democratic Republic of Congo continues to advance ahead of schedule and that initial pro...
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Africa remains lucrative for exploration by junior miners
Opportunities are aplenty for exploration in Africa, both in known and unexplored parts of the continent.
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Rwandan tin smelter qualifies for RMI certification as a conflict-free Smelter
LuNa Smelter, the only tin smelter in East Africa, has been qualified for Responsible Minerals Assurance Process (RMAP), the flagship program of Responsible Minerals Initiative (RMI). The successful a...
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Gemstone boom follows government suspension 15% export duty
Zambia is fortunate to be blessed by nature in several ways and has rich mineral and gemstone reserves, which, if harnessed and developed properly, can go a long way in enhancing the economic wealth o...
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Rwanda’s newly created financial centre ready for business, CEO says
With ambitions to establish itself as a financial hub by 2024 as is set out in the National Strategy for Transformation (NST1), the work to establish the Kigali International Finance Centre has kicked...
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Shanta Gold to acquire Barrick’s gold projects in Kenya
AIM-listed East Africa-focused gold producer Shanta Gold has entered into a definitive agreement to purchase 100% of the shares of Barrick’s subsidiary Acacia Exploration Kenya, or AEKL, from two su...
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Invest in Rwanda, a country with unconventional vision and leadership
Rwanda's government has a will to build a better and prosperous nation and to make Rwanda become a regional destination for business travel and MICE.
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 Mining minister calls on investors to employ Zambia's resources
Zambian Mines Minister Richard Musukwa says with Vedanta, Zambia is dealing with an investor that broke the law.
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Black Rock Mining enters EPC framework agreement for Mahenge project
Tanzanian graphite project developer Black Rock Mining has executed a non-binding co-operation framework agreement with a major Chinese infrastructure contractor, China Railway Seventh Group for its M...
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Inaugural regional mining conference a resounding success
Rwanda is leading the way in regional mining ambitions in East and Central Africa. This was evident from the large number of delegates that attended the first-ever East and Mining Forum, held in Kigal...
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