Africa

Construction at the Mangara oil fields in Chad. Credit: Caracal Energy

Glencore Xstrata to buy Caracal Energy

Just a day after the ink dried on Glencore Xstrata’s (LSE: GLEN) all-cash agreement to sell its Las Bambas copper project  in Peru to a Chinese consortium for nearly US$6 billion, the Swiss-based commodities giant announced a US$1.35…


A Banro employee examines drill core at the Namoya gold mine in the Democratic Republic of Congo. Credit: Banro

Namoya boosts Banro’s gold reserves 53%

Toronto-based Banro (TSX: BAA; NYSE-MKT: BAA) has published an initial reserve estimate for its new Namoya gold mine in the Democratic Republic of the Congo, pushing up company-wide reserves by 53% to 2.36 million oz.





A drill site at Ivanhoe Mines' Platreef PGM project, 280 km northeast of Johannesburg, South Africa. Credit: Ivanhoe Mines

Ivanhoe unveils Platreef PEA as drills hit Ga-Madiba

VANCOUVER — Robert Friedland’s Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) is sitting on an impressive platinum group metals (PGM) resource at its Platreef property, situated 280 km northeast of Johannesburg, South Africa,. And the…



A high-grade quartz vein at Avnel Gold Mining's Kalana gold project in southwest Mali. Credit: Anvel Gold Mining

Avnel’s new path for Kalana mine in Mali

VANCOUVER — When Avnel Gold Mining (TSX: AVK) bought the Kalana gold project in southwest Mali in 2002, its priority was getting the historic mine back into production, as required by the terms of the property deal. As a result Avnel has…




African Barrick North Mara gold mine in Tanzania. Credit:  African Barrick Gold

Barrick sells 10% of African Barrick

Barrick Gold (TSX: ABX; NYSE:ABX) has sold part of its 74%-stake in its subsidiary African Barrick Gold (LSE: ABG; US-OTC: ABGLF), in a move to keep optimizing its portfolio amid weaker gold prices. 


Amara Mining's Yaoure gold project in Cte d'Ivoire sits only 5 km from the Kossou hydroelectric dam (above), which will supply the project. Credit: Amara Mining

Amara highlights ‘robust returns’ in Yaoure PEA

VANCOUVER — U.K.-based producer Amara Mining (LSE: AMA, US-OTC: CLUGF) looks to have a great West African story on its hands at its brownfield Yaoure gold property, 40 km northwest of the Côte d’Ivoire capital of…


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