The presidents of Sierra Leone and the Democratic Republic of Congo (DRC) will attend the 2020 Investing in African Mining Indaba in Cape Town next month. The event organisers confirmed that President Julius Maada Wonie Bio of Sierra Leone will attend the Indaba, which runs...
Canada’s Endeavour Mining has dropped its plan to acquire Egypt-focused Centamin for US$1.9 billion as it did not get enough information on the latter’s assets during an assessment. Centamin’s sole operating asset is the Sukari Gold Mine, located in the Eastern Desert approximately 700 km from...
ASX-listed Prospect Resources has published an updated definitive feasibility study (DFS) for its Arcadia Lithium Project in Zimbabwe, increasing the estimated life of mine (LoM) revenues for the project. The new DFS states that the LoM revenues will be US$3.42 billion over a 15.5-year mine life,...
London-listed gold miner Centamin has rejected a US$1.9 billion all-stock takeover bid from Endeavour Mining, saying it did not offer enough value to the company’s shareholders. Endeavour, which owns four gold mines in West Africa, said its offer was a 13% premium on Centamin’s most recent...
A new report by global consultancy Verisk Maplecroft has found that resource nationalism is set to increase across African mining jurisdictions in the near future. Verisk’s latest Resource Nationalism Index (RNI) had four African states in the top 10 highest risk countries, with Tanzania ranked second, eSwatini (formerly...
Gold output in Ghana jumped by 12% in 2018 to 4.8 million ounces (Moz), eclipsing South Africa’s output of 4.2Moz for the first time and becoming Africa’s largest gold producer in the process. South Africa’s gold sector has been in gradual decline for several years, with...
The landmark 25th edition of the Investing in African Mining Indaba kicked off this morning to the delight of the international mining community, who have descended on Cape Town to enjoy Africa’s largest mining investment event. Mantashe paints brighter picture for SA mining investors The Mining...
Investing in African Mining Indaba officially opened trading on the London Stock Exchange (LSE) this morning, with Mining Indaba’s 25th anniversary event in Cape Town less than a month away. The market was opened by Mark Shashoua, CEO of ITE Group plc, which acquired Mining Indaba...
ASX-listed Resolute Mining increased its gold production by 33% in the quarter ending December 2018, a period which managing director John Welborn described as a ‘turning point’ for the company. Total gold output stood at 73,691 ounces in the last quarter of the calendar year, with...
Mining Indaba and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) brought together a number of major industry organisations on October 17th to discuss the role of communities in shaping the development of Africa’s mining sector. The meeting took place at the IGF’s...