Resolute, Nimba launch Guinea gold venture
Resolute Mining and Guinea’s state-backed Nimba Mining Gold have formed a joint venture to explore and develop gold projects in Guinea, expanding a partnership first announced…
B2Gold gets Mali permit for Fekola growth plan
MALI has granted B2Gold a crucial mining permit, paving the way for a large boost in gold output from its Fekola complex. The Menankoto permit was issued on Friday, 7 August,…
Glencore wins Guinea bauxite offtake deal
GUINEA has selected Glencore Plc as the offtaker for bauxite produced by state-owned Nimba Mining, Bloomberg reports. The appointment followed an international tender, Mines and…
Zijin’s $4bn bid for Allied Gold in jeopardy amid Mali concerns
REGULATORS in China could derail Zijin Gold International’s proposed $4bn takeover of Allied Gold, casting doubt on the Hong Kong-listed firm’s first major deal since its IPO…
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…
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…
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…
B2Gold given approval by Mali for underground mining at Fekola
CANADIAN gold miner B2Gold said it had been granted approval by the Mali government to begin underground mining development at its 80%-owned Fekola gold mine. Mining underground…
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…
AngloGold sells Brazil mine Serra Grande for $76m
ANGLOGOLD Ashanti said on Monday it had agreed the sale of its Brazil mine Mineração Serra Grande (MSG) which will be acquired by Aura Minerals for $76m. Aura Minerals is a…
Mali postpones hearing on Barrick mining dispute to May 22
A MALIAN court has postponed a scheduled hearing on whether to place Barrick Mining’s Loulo-Gounkoto complex under provisional administration. The case will now be heard on May…
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…
AngloGold sells two Côte d’Ivoire projects to Resolute
GLOBAL gold miner AngloGold Ashanti has sold its Doropo and Archean-Birimian Contact (ABC) projects in Côte d’Ivoire to Resolute Mining in exchange for cash and Resolute’s…
Tarkwa “strongly supported” by Ghanaian government: Gold Fields
THE Ghanaian government’s intervention in Gold Fields’ Damang mine this month has again raised questions about whether it is pressuring for greater ownership in the proposed JV…
Mali suspends artisanal mining permits to foreigners
MALI has suspended the granting of new artisanal mining permits to foreigners following accidents in recent weeks that claimed 56 lives, many of them women and children. Interim…
Allied Gold says Ambrosia deal a vote of confidence in Mali
ALLIED Gold, a Toronto-lister miner, has sold a 50% stake in its Mali mines to Emirati investor, Ambrosia Investments Holdings. Ambrosia Investments will pay $375m for the stake…
Mali and Barrick talks suspended without reaching agreement
MALI and Barrick Gold Corp.’s negotiations to end a protracted dispute over payments from the country’s biggest gold mine have been suspended, said Bloomberg News citing people…
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…
B2Gold judges Mali risk to have decreased
B2GOLD judged risk in Mali to have decreased since it complied with the West African country’s new mining code. As a result, the Canadian miner plans to invest $10m in…
Hummingbird agrees to pay Mali $16.4m in back taxes
HUMMINGBIRD Resources said it had agreed to pay Mali $16.4m and waived VAT claims worth another $16m in return for the renewal of “key” exploration permits on the Yanfolila gold…