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 Fields threatens to walk from Aussie tilt
GOLD Fields was prepared to walk away from a bid for Northern Star Resources, saying on Monday its $27bn offer did not “define” the company. “We really don’t feel we need to do…
Gold Fields goes hostile in $27bn Northern Star takeover
GOLD Fields confirmed today that Northern Star Resources had rejected its A$38.7bn ($27bn) cash-and-share takeover proposal, but said it intended to press on with its efforts to…
Why Gold Fields is keen on Australia’s Northern Star
WHY would Gold Fields want to buy Northern Star Resources, Australia’s 1.5 million ounce-a-year gold miner, as reported by Bloomberg News on Saturday? Neither company had…
Ivory Coast plans gold refinery start in 2027
IVORY COAST plans to start operating a gold refinery in the first half of 2027 as it seeks to expand local processing and become Africa’s largest gold producer by 2035, Bloomberg…
Recovery at Gold Fields masked by permitting woes
IS Gold Fields being unfairly penalised for its struggles with regulators? Yes, in the view of analysts who say the firm’s lagging share price performance is at odds with its…
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…
Zambia targets $1.8bn from small-scale gold mining
ZAMBIA could unlock more than $1.8bn from its small-scale gold industry by bringing informal production and trading into the formal market, Bloomberg reported. Kakenenwa…
Policing illegal miners isn’t working. What will?
WHEN 87 illegal miners died underground at Stilfontein in 2024 – and 1,826 surfaced from abandoned shafts – the event was a symptom, not an aberration. The uncomfortable truth…
Perseus opens the taps on shareholder returns
PERSEUS Mining has unveiled a more generous dividend policy after record cash generation in its 2026 financial year, promising shareholders a minimum 20% of operating cash flow…
Ghana bans unrefined gold dore exports from 1 September
GHANA’S GoldBod has ordered that artisanal gold dore bought by self-financing aggregators must be refined domestically before export from 1 September, Reuters reported. The…
Gold Fields sticks to 2029 Windfall target despite permit delay
GOLD Fields still expects first gold from its Windfall project in Canada in 2029 despite delays in getting environmental approval that have eaten into the summer construction…
Gold Fields flags Ghana risk as profits surge
Gold Fields has warned that uncertainty over the renewal of mining leases at its Tarkwa mine in Ghana could have a “material and adverse” impact on the company. This caution…
Cash crunch hits Ghana’s state gold-buying scheme
COMPANIES licensed to buy gold for Ghana’s GoldBod face funding delays of up to three weeks, Reuters reported. Some have stopped buying gold. Others are borrowing to keep…
Gold Fields: Salares Norte shines but Windfall capex at risk
SALARES Norte, a mine high up in Chile’s Atacama desert, was the bane of Mike Fraser in his first year as CEO of Gold Fields. This year, however, it is promising to be his…
Mali plans infrastructure projects from $800m mining fund
MALI could leverage revenues from its overhauled mining sector to raise up to 500 billion CFA francs ($883.1 million) for energy, water and transport projects, said Reuters…
Zambia pushes pan-African minerals exchange
ZAMBIAN President Hakainde Hichilema is championing plans for a pan-African minerals and metals exchange, aimed at helping resource-rich nations capture more value from their…
Gold Fields rebuts claim Tarkwa community oppose licence renewal
GOLD Fields has today hit back at reports in Ghana that local authorities had opposed an application by the miner to renew Tarkwa’s mining lease. The Apinto Divisional Council,…
WGC hopes Ghana will weigh its input amid gold reform
THE World Gold Council hoped that its work helping Ghana formalise its artisanal and small-scale gold mining (ASGM) sector would be “taken into consideration” as the West African…
Ghana jails opposition figure over illegal mining
GHANA has sentenced a senior opposition politician to 20 years in prison over charges tied to illegal mining, said Bloomberg News citing a report by Joy FM – a privately-owned…