Canada’s Endeavour Mining yesterday announced the completion of its US$732 million acquisition of smaller group Semafo, becoming West Africa’s biggest gold producer in the process. The deal, first announced in March, brings together six operating mines in two locations – Burkina Faso and Côte d'Ivoire. Combined...
Endeavour Mining has announced it will acquire Canadian firm Semafo in a US$690.7 million deal that will create the biggest gold producing outfit in Burkina Faso. The combined group will produce one million ounces of gold a year, according to Endeavour’s chief executive Sebastien de...
The government of Guinea has announced that Sycamore Mining will redevelop the Kiniero gold mine after the Cyprus-based investment firm made a winning bid for the past producing mine. “Sycamore’s was the winning bid, and we signed an outline agreement today,” said Abdoulaye Magassouba, Guinea’s minister...
The Australia-Africa Minerals and Energy Group (AAMEG) will form a crisis and security group for the West Africa region after employees of an Australian mining contractor were killed in Burkina Faso last week. The November 7 incident saw gunmen open fire on several buses transporting workers...