Ghana bans all mining in forest reserves
GHANA has prohibited all mining operations within forest reserves, marking a significant reversal of environmental policy in Africa’s leading gold-producing nation. Reuters cited…
Appian secures $1bn World Bank partnership
APPIAN Capital Advisory has secured a $1bn partnership with the World Bank’s private sector arm to finance mining projects primarily in Africa and Latin America, Bloomberg News…
Ghana shortens licences in sweeping mining law reform
GHANA has announced its most comprehensive mining legislation reforms in nearly two decades, featuring shortened licence periods and mandatory direct revenue-sharing with local…
Can South Africa save its minerals exploration sector?
Last year, a South African government-backed fund invited applications from would-be junior miners, hoping to find that the country’s mineral exploration business was not…
Asante Gold unveils $470m balance sheet refresh
GHANA miner Asante Gold said on Wednesday it had concluded terms for a recapitalisation of its balance sheet in which it will raise $470m. The funds will contribute towards…
Asante Gold sets out $116m Bibiani undergound project
ASANTE Gold Corp, the Ghanaian miner, said on Tuesday it planned to mine 798,000 ounces of gold from underground resources at its Bibiani mine taking annual production to more…
Asante Gold raises US$100m in share issue
CANADA’S Asante Gold Corp. said on Wednesday it had raised US$100m through the sale of shares to a strategic investor. About 90.7 million shares were sold at C$1.50/share for…
Asante Gold to join bidding for Ghana mine Akyem
ASANTE Gold Corporation plans to join the bidding for Newmont’s Ghana mine Akyem which the US miner deemed non-core following its acquisition of Newcrest last year. “We expect to…
AngloGold, Gold Fields yet to receive notice from Ghana on ‘gold for oil’ sales plan
ANGLOGOLD Ashanti and Gold Fields said they had yet to receive a formal directive from Ghana following reports today the country’s vice president had ordered them to sell 20% of…
Resolute marks another solid quarter as firm studies Syama North expansion options
RESOLUTE Mining reduced net debt and produced its fourth consecutive increase in gold production as the company sought to arrest a decline in performance of the last three years…