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Kouri Project underway in Burkina Faso

The Kouri project by Golden Rim Resources is seen to be making stable drilling progress in Burkina Faso, West Africa. According to the company RC drilling commenced in the river channel area of the Footwall Shear, following up a recently obtained high-grade drill intercept of 4m at 44.7 grams per …

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Zimbabwean Gold price to gain an incentive

In order to incentivize gold production in Zimbabwe, an additional payment above the contractual purchase price will be provided by Fidelity as announced. Caledonia’s operating subsidiary Blanket Mine sells its gold production to Fidelity in Zimbabwe and is contractually entitled to receive a price which is derived from the afternoon …

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Canadian Lucara extracts a massive diamond in Botswana

The world’s second-largest uncut diamond has been unearthed in the Karowe Mine of Botswana. After the announcement by Canadian company Lucara Diomond Corp, the miner’s share price increased to 11% to C$1.68 a share. The 1758ct diamond is second in size only to the 3 106ct diamond that was mined …

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Zanzibar Gold expands footprint in Tanzania

Zanzibar Gold has announced plans to acquire Mkuvia gold property, in the Nachengwea area of southern Tanzania, as well as the Fakawi gold property, in the Handeni area of north-central Tanzania. The potential for low-cost extraction of placer gold from part of an extensive gold-bearing placer alluvium at Mkuvia will …

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Burkina Faso’s gold project well timed

The Sanbrado Gold project being constructed by the West African Resources in Burkina Faso is said to be moving on schedule. West African Resources alluded that the Sanbrado project under construction is on target and is within the allocated budget. The developer further announced that this project is set for …

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MoU signed for Iron ore channel in Liberia

A memorandum of understanding (MoU) has been signed between the Republican of Liberia and Guinea with regard to transportation of Iron ore from Zogota Iron Ore in Guinea. This follows the joint vision of economic co-operation conveyed by leaders of the republics of Guinea and Liberia, His Excellence President Alpha …

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Burkina Faso benefits from Nordgold

Accorded as one of the country’s largest gold producer and a major economic contributor and especially to local communities, Nordgold has expanded its investment in Burkina Faso. Nordgold currently runs three mines in the country of which over 360 thousand ounces of gold is produced all together or approximately 40 …

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Angola’s diamond industry makeover underway

The Angolan government aired out plans of refurbishing the diamond sector as being in progress. Speaking at a conference on the re-organising of oil and gas, Diamantino Azevedo Angolan Minister of Mineral Resources and Oil stated that the diamond sector will undergo similar changes to the oil sector. With the …

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