Articles By Region: West Africa
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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
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
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 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”
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
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
Different views of a project are common, but for junior miners and consultants the differences are often deep
West African travel and mineral exports face an increased risk of disruption as response to Ebola virus intensifies.
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 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
Today, Mining News & Networking, Aspermont’s LinkedIn group dedicated to the mining industry, reached a landmark with the arrival of its 10,000th member
West African gold producer Endeavour Mining Corp’s first-half production results surpassed expectations
UC Rusal has started the first stage of its Dian-Dian bauxite project in Guinea, which will see the construction of a 3Mt/y mine, a 25km road and will cost US$220 million
The infill drilling programme at Amara Mining plc’s Yaoure gold project in Ivory Coast could add significant ounces to existing resources, while also reducing the strip ratio of the project, according to analysts.
The latest work by the World Economic Forum has focused on defining scenarios for the future of the mining industry. Here the WEF explains just how the future might look
Starting as little more than a ‘something must be done’ idea, the Extractive Industries Transparency Initiative has developed into the most prominent standard for good governance in oil and minerals rich countries
African Minerals Ltd has been ordered by a London court to pay US$35 million, plus interest and costs to Renaissance Capital for the financial adviser’s fees related to fund raisings and transactions in prior years
Bellzone Mining plc and the China International Fund (CIF), joint-venture partners on the Forecariah iron-ore mine in Guinea, are in dispute with the contracted barge operator at the Konta port regarding safety performance
Rio Tinto has identified ways to contribute to local conservation in Guinea and India
A US$20 million groundwater research programme aims to bring benefits to Africa’s poorest people
William Vest-Lillesøe’s photograph shows 13-year-old Karefa Jalloh, who spends his weekends working in the gold mines with men, women and children from Dalakuru in northern Sierra Leone
There were strong signals for miners and mineral explorers from the latest United Nations Conference on Trade and Development World Investment Report, which, rather than green investment shoots, offered a field of evidence as to why miners (including the Top 100 in this edition of Mining Journal) should feel better about the underlying vision of economic growth that they’re consistently presenting to investors.
“E’s not pinin’! E’s passed on! This parrot is no more! He has ceased to be!” - Monty Python’s Flying Circus
The availability of finance for mining projects in Africa, as elsewhere, has been a matter of some considerable concern for the last three or four years. A succession of events affecting global capital markets, commencing with the banking crisis, has successively impacted the availability of both debt and equity.
Hummingbird Resources plc CEO Dan Betts has an interesting way of looking at his company’s recent acquisition: an early cash flow starter-pit for the company’s flagship Dugbe 1 gold project in Liberia.
The Ebola outbreak in West Africa has focused attention on the care and safety of employees at mining operations in Africa as well as highlighted one of the inherent risks of the continent.
As Sundance Resources Ltd’s share price drifts lower on retreating iron ore prices and sentiment, it’s the words of another mining industry veteran that will help keep the seemingly permanent smile on Giulio Casello’s face. “We’ve heard it all before.”
After bottoming out in 2013, TZMI believes 2014 will be a year of gradual recovery for mineral sands
Alecto Minerals Ltd might have come to the attention of brokers and analysts for its joint venture pact with Egyptian gold miner Centamin plc in Ethiopia, but chief executive Mark Jones was keen for the market to not discount its other work.
Has the nadir for West African gold companies been passed? Or is it at least in sight? Various recent deals at least give hint at one of those two possibilities.
Sierra Leone-focused London Mining plc has imposed restrictions on “non-essential” travel by visitors from areas affected by Ebola Fever
Former Leighton Holdings chief executive Wal King has been made non-executive deputy chairman of Sundance Resources Ltd as the African-focused explorer looks to finance and develop its Mbalam-Nabeba iron-ore project, which straddles the Cameroon/Republic of Congo border in West Africa
Investors head to Mauritius to scope out the future of African mining
Despite some obstacles, effective risk management will help miners make progress in Burkina Faso
Legislation in Africa is increasingly geared towards balancing state, public and industry interests
The country’s next wave of gold mines should hold up nicely in the lower gold price environment
It may be said that the Ghanaian mining sector has recently been eclipsed by the country’s fast-emerging oil sector, but the continued growth of the SRK Consulting office in Accra is an indication that gold and other minerals hold much promise for the future
The general belief was despite having one of the best gold deposits found in recent years any company featuring wheeler-dealer Ian Middlemas (as chairman) was a company with a big ‘For sale’ sign plastered all over it. And so it came to pass for Papillon Resources Ltd. The question is, does anyone else have their eyes on this premium gold landholding?
Read articles from the latest Print Edition - MJ 15/08/14
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