West African to pay out half of profits, but warns of unrest
WEST African Resources (WAF) expects full-year profit to come in at more than twice its first-half figure, with the gold miner set to pay its maiden dividend. Speaking at the…
Burkina Faso joins Africa’s gold refining drive
BURKINA Faso has opened its first gold refinery as it seeks to process more of its mineral wealth at home, Bloomberg reported. State-controlled Raffinor BF, built for $19m, can…
Gold rally lifts West African Resources’ royalty bill
WEST African Resources (WAF) is facing a heavier government and regulatory burden in Burkina Faso, where it operates the Sanbrado and Kiaka gold mines. The Australian-listed…
What resource nationalism means for Africa’s miners
Governments across Africa are seeking to assert greater control over their mineral wealth by rewriting mining codes, demanding larger equity stakes or greater local…
Endeavour CEO surprised by Barrick talk amid Mali exit
ENDEAVOUR Mining CEO Ian Cockerill said speculation in June linking his company with Barrick Mining made no sense because he would only be likely to back mergers and acquisitions…
Islamist militants widen reach in Sahel mining zones
ISLAMIST militant groups are extending their footprint across central West Africa’s mining belt, contesting territory with governments and stoking fears over the safety of mining…
Guinea eyes regional gold refining hub
GUINEA is positioning itself to become a gold refining centre for West Africa, according to mines minister Bouna Sylla, as the region’s producers increasingly look to process…
Like Froneman, Sibanye’s Richard Stewart won’t take BS. Good
SIBANYE-Stillwater’s CEO Richard Stewart has rung in the changes in his short tenure at the group, pivoting the group’s focus firmly towards existing portfolio potential,…
SA miners fear the worst in mineral cadastre rollout
IN May 2024, then Orion Minerals CEO Errol Smart gushed: “I’m coming off an all-time high on hearing this news.” A day earlier, the South African government had signed an…
Burkina Faso compels West African to give up more of Kiaka
DESPITE West African Resources’ efforts to present an alternative proposal, the Burkina Faso government has proceeded to grab a bigger stake in the Kiaka gold mine, just as it…
Africa has turned the screw on its gold miners. Just ask Gold Fields
RESOURCE nationalism is back in a big way in Africa’s gold sector. The latest company to come under its eye is Gold Fields, where there are concerns about the cost of renewing…
West African Resources targets record gold
WEST African Resources on Tuesday forecast record annual gold production of between 430,000 and 490,000 ounces for 2026 owing to a first full year of output from Kiaka mine in…
Niger airport attack perilously close to uranium stockpile
UNIDENTIFIED assailants launched an assault on Niger’s capital that brought them perilously close to concentrated uranium powder stored at a military facility adjacent to…
Endeavour raises prospect of doubling payout in 2026
ENDEAVOUR Mining said it could pay additional dividends and buy back shares potentially doubling its targeted minimum annual payout of $1bn for 2026. Shareholder returns for the…
West African weighs share buy backs or maiden dividend
WEST African Resources may buy back shares or pay a maiden dividend once it had reduced net debt, said the company’s CEO and executive chairman, Richard Hyde. Hyde said in a…
West African says alternative plan submitted to Burkina Faso
WEST African Resources (WAF) said on Tuesday it had submitted an alternative proposal to Burkina Faso in response to its request for more shares in Kiaka, the Australian gold…
Endeavour CEO says West Africa still key to future
ENDEAVOUR Mining said it was committed to West Africa despite signing a joint venture to look for gold in Kazakhstan, and mining code uncertainty in the region. The JV with East…
Gold on G20 agenda is key in fight against illegal trade
GOLD’S record-breaking gains have generated joy among its miners — but also worry. Looking beyond the outsized financial gains for investors, the explosion in demand for a…
Newmont CEO says Ghana’s fiscal stability key
NEWMONT CEO Tom Palmer emphasised the importance of fiscal certainty and equitable taxation in attracting mining capital, as the company inaugurated its $900m Ahafo North…
Aussie gold miner doubles down in Burkina Faso
IT’S a busy time for Perth-based West African Resources which recently registered first production from Kiaka, a gold mine in Burkina Faso. This is the second operation for the…