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Articles By Region: West Africa

This page lists all articles relating to West Africa. Bookmark this page or subscribe to the RSS feed to see new articles as they are added.

Golden Star PEA shines

New York-listed Golden Star Resources Ltd’s Wassa underground gold project in Ghana has the potential to provide a post-tax net present value (at a 5% discount) of US$350 million at a gold price of US$1,300/oz, according to a recent preliminary economic assessment

Measuring up

The financial metrics of the Mofe Creek iron ore project suggest its owner Tawana Resources NL is a compelling little investment story. Which in reality it has to be given Mofe Creek is not only an iron ore project (and hence in a sector very much on the nose at the moment), but it’s also one located in Liberia.

Sierra Rutile spots rainbow

Sierra Rutile Ltd delivered a decent set of first half results in difficult circumstances, which may begin to stem the bloodletting for the mineral sands miner toward the back of what has already been a tough year.

Zanaga hits Asian money trail

Chinese and Japanese firms are being sounded out by Glencore plc and Zanaga Iron Ore Company Ltd (ZIOC), joint owners of one of the most promising iron ore deposits in West Africa, Mining Journal can reveal.

RISK OUTLOOK in brief

Mozambique election looms; Afghanistan drawdown; Pakistan’s kingmaker; Nigeria vulnerable.

AngloGold pulls split and rights issue proposal

Investec said what we were all thinking, Mark Bristow said what he was thinking (no surprises there), and AngloGold Ashanti’s Srinivasan Venkatakrishnan has a lot more to think about after the company’s plans to unbundle its international assets into a London listed gold company and raise US$2.1 billion to pay down debt took a few days to dissolve.

CEOs call for Ebola action

Chief executives (CEOs) from the mining and mining services sectors have called on the international community to step up the fight against Ebola

Cement boon for True Gold

True Gold Mining Inc says it has saved a hefty US$35 million for its Karma gold project in the west African country

Resolute stand may need changing

Long-time African gold miner Resolute Mining Ltd has a good line of production growth on its horizon in Mali and Ghana.

Elephants in the room

There were important glimpses at the present, and future, of the global iron ore business this week amid Fe sales prices drifting further below US$90/t. Those prices are not just hitting corporate bottom lines, but state and national finances.

Sundance raises A$40 million through new investor

Global resources investor Gennadiy Bogolyubov has agreed to invest A$40 million (US$37.3 million) in Sundance Resources Ltd, the Australia-listed developer of the Mbalam-Nabeba iron-ore project in Cameroon and the Republic of Congo

Can Simandou infrastructure deal deliver?

The recent signing in Conakry of an investment framework for the Simandou iron ore project marks the beginning of a new chapter in a long-running story.

Sissingue could be on the table next year

Perseus Mining Ltd said its board might be able to make a development decision on the Sissingue gold deposit in the Ivory Coast in early 2015, more than four years after a feasibility study was released on the project.

A conversation with Mark Bristow

Mark Bristow’s appetite for many things – major new gold finds, corporate evolution and regeneration, the yellow metal itself … Africa – is unsated, it seems. The 55-year-old CEO of Randgold Resources Ltd has lately spoken of passing the leadership baton but he gives the impression he’s still got much unfinished business with the market-leading gold miner.

A hive of activity

Companies have been very busy while the gold price has been low

Gold is back on the investment radar

BlackRock believes the pendulum may once again be swinging in favour of gold

Finding your fix

Removing the price fix for gold and silver may cause a rethink on the reliance on spot prices in contracts

Gold exploration… a balancing act

MinEx Consulting examines the outlook for gold exploration

Trench warfare

Bulls’ and bears’ profits move back and forth with the price, but it is a flexible strategy that will win out

What’s your Plan B?

Defying gravity, belief and the odds… that’s life as a gold miner

Finding and acquiring gold reserves

Years of expanding production, runaway costs and ever-higher spending have given way to caution

Back in gold

The gold standard is gone, but the metal is gaining popularity as central banks seek alternatives to the dollar

Levelled off

A quick look at the NYSE Arca Gold BUGS index shows that while gold producers have recovered some of the ground lost last year, their share prices remain closely linked to the price of the metal they produce.

Miners must ‘grapple with fatality issues’, says ICMM

Despite progress in mine safety in 2012-2013, a recent report by the International Council on Mining Metals (ICMM) reveals that fatalities have shown no sign of abating.

A hive of activity

About 15 months ago, the gold mining industry hit rock bottom. The price, testing US$1700/oz in January of 2013 was, by the end of June below US$1200/oz. Everyone from junior explorers to major producers were under severe pressure.

Korongou will be the focus of heavy hit

A West African junior gold explorer banking a total of nearly A$6 million (US$5.6 million) in funding from two different parties in the past three months would seem as good an indicator as any the ground Golden Rim Resources Ltd holds in Burkina Faso has high promise.

Randgold regeneration

Regeneration is a big theme at Randgold Resources, the African gold company formed in the 1990s that has had a knack of uncovering a major deposit every five years or so. It is about due for another one, chief executive Mark Bristow says

True Gold gets Karma funding

True Gold Mining Inc has shored up financing for construction of its 97,000oz Karma gold project in Burkina Faso

Bellzone looks for emergency cash

Iron-ore miner Bellzone Mining plc has failed to secure long-term financing to bring its Kalia project in Guinea into production and is now looking for US$4 million to keep it operating until late October

Hummingbird secures debt facility for Yanfolila

West-African focused exploration and development company Hummingbird Resources plc has secured a two-stage debt facility from Taurus Mining Finance Fund for its Yanfolila gold project in Mali

Ebola provokes force majeure

As the Ebola death toll enters quadruple figures and miners across West Africa step up measures to curb the spread of the virus, the biggest news came last week when ArcelorMittal issued a statement saying contractors at its phase 2 expansion project in Liberia had declared force majeure.

African Minerals addresses dramatic shares plunge

African Minerals plc issued a statement regarding the dramatic fall in its share price (down 30% in one week), confirming it “continues to operate in line with market guidance”

Law firm sues Guinea over Simandou

Multinational law firm Dentons has filed a claim against the Republic of Guinea for US$10.2 million in unpaid fees related to advisory work on the Simandou iron-ore project, LegalWeek reported

Report: ArcelorMittal, Glencore in running for Simandou

ArcelorMittal and Glencore plc are potential bidders for the northern half of Guinea’s Simandou iron-ore project, Bloomberg reported, citing people familiar with the matter

Two sides of the same coin

Different views of a project are common, but for junior miners and consultants the differences are often deep

Mineral exports at risk as Ebola worsens

West African travel and mineral exports face an increased risk of disruption as response to Ebola virus intensifies.

Fresh focus for West African Minerals

West African Minerals Corp will likely narrow its focus to just one project in Cameroon where it holds a 100% interest in five iron ore exploration licences over an extensive lease area of about 4000 square kilometres.

As Ebola spreads, miners remain ‘incredibly vigilant’

As the Ebola virus continues to wreak havoc across West Africa, miners operating in the region are leaving no stone unturned to help prevent further spread of the disease

MJ’s LinkedIn group hits 10,000 members

Today, Mining News & Networking, Aspermont’s LinkedIn group dedicated to the mining industry, reached a landmark with the arrival of its 10,000th member
Read articles from the latest Print Edition - MJ 19/09/14
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COMPANY PROFILES
Russian precious-metals company Polymetal International plc has made significant progress at the Semcha platinum-group metals (PGM) property in the past year as it moves the project towards a preliminary economic assessment
The Republic of Guinea intends to launch, pursuant to the mining Code, a competitive and transparent invitation to tender for three bauxite mining blocks located in the prefectures of Boffa, Boké and Télimélé.
Indochine Mining Limited is developing a high-grade gold project at Mt Kare in PNG by rapidly developing wide, high-grade gold zones
Sarama Resources is a West Africa-focused gold explorer with substantial landholdings in Burkina Faso, Liberia and Mali.
Midway Gold is an emerging, near-term gold producer on track to bring its first million-ounce project, the Pan mine, to production in 2014
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