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…
Uranium from seawater: Froneman plans new mining firm
NEAL Froneman led the company he founded, Sibanye-Stillwater, for 13 years before abruptly announcing he would step down last year, aged 65. Those years were a punchy, all-action…
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…
Fortuna nears final Senegal gold permit
FORTUNA Mining expects to secure the final construction permit for its Diamba Sud gold project in Senegal within weeks in a development that will diversify the country’s mining,…
Endeavour on track to double forecast payouts to shareholders
West African gold producer Endeavour Mining delivered record financial results in the March quarter backing up earlier predictions by CEO Ian Cockerill that the company could…
Cockerill’s 20-bagger: why discovery gives Endeavour edge
“IN an earlier life I must have been a fireman because instead of displaying rational behaviour in situations like this and running away, I tend to run towards them”. So said Ian…
Mali establishes company to oversee mining stakes
MALI has established a fully state-owned entity to consolidate and administer the government’s shareholdings across the mining sector, following similar moves by neighbouring…
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…
Former Endeavour chief returns at Africa miner
SEBASTIEN de Montessus has been appointed CEO of Mansa Resources months after his ousting from Endeavour Mining over alleged irregular payments, said Bloomberg News citing people…
La Mancha sells 3.5% in West African gold miner Endeavour
LA Mancha Resource Capital, a private investment firm, has sold a 3.5% stake in West African gold miner Endeavour Mining for about $437m. The fund said on Friday it had sold 8.5…
Mali recovers $1.2bn from mining audit
MALI’S government has clawed back 761 billion CFA francs ($1.2bn) in unpaid dues from mining operators following an extensive industry review, said Reuters citing the country’s…
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…
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…
Mali secures mining deals with gold producers
MALI’S government has finalised seven mining agreements that will boost state revenues from the gold sector, marking another step in the military leadership’s drive to capture…
Endeavour signs up to new Mali mining code
LONDON-listed Endeavour Mining and two other gold producers are to sign up to Mali’s controversial new mining code, said Reuters citing government officials. The agreements cover…
Gold miners have bridged the discount to bullion, for now
GOLD shares have lagged the metal’s price for the past decade, especially since Covid, but recent performances have shown equities have caught up. The $1.6bn VanEck Gold Miners…
Convoy headed to Allied Gold mine in Mali attacked at weekend
A CONVOY transporting heavy mining equipment to Allied Gold’s Sadiola mine in Mali from Bamako, the West African country’s capital, came under attack over the weekend, said…
Resolute Mining CEO quits job in wake of Mali ordeal
TERRY Holohan, CEO of Resolute Mining, announced he will leave the company just two months after being released from detainment by the Mali government. The UK-listed gold miner…
Endeavour’s Assafou PFS shows potential to become a tier 1 asset
Endeavour Mining’s completed pre-feasibility study (PFS) for the Assafou-Dibibango gold project in Cote d’Ivoire confirms the potential for the project to become a tier 1 asset,…