Africa



Artisanal miners at TrueGold Mining's Karma gold project in Burkina Faso. Photo by The Northern Miner.

TrueGold gets a cash boost from Teck

VANCOUVER — Vancouver-based TrueGold Mining (TGM-C) has received a capital shot in the arm and a vote of confidence from  Teck Resources (TCK-T, TCK-N) in the form of a $10-million non-brokered private placement that sees Teck take…



A conveyor belt at African Barrick's North Mara mine in Tanzania. Source: Barrick Gold

African Barrick rights the ship

African Barrick Gold (ABG-L) has endured its fair share of criticism over the last few years. There have been misses on production targets and social unrest around its assets in Tanzania. Then there was a failed takeover bid from a…


Allana closes in on Ethiopian potash development

VANCOUVER — Toronto-based junior Allana Potash (AAA-T) sees 2013 as a pivotal year for its wholly owned Dallol potash project in Ethiopia’s northeastern Danakil Depression, and since filing its last mining application in late April,…



Karowe delivers for Lucara

Lucara Diamond (LUC-T) has discovered several spectacular diamonds — including four rare blue gems — since it started full production at its Karowe mine, in Botswana, last August. Lucara has…



B2Gold hits new gold at developing Otjikoto mine

VANCOUVER — With its list of gold mines having just climbed from two to three following the takeover of CGA Mining and with a fourth mine under construction, B2Gold (BTO-T) expects to churn out more than half a million ounces of gold…



Teranga Gold's Sabodala open-pit gold mine in Senegal. Source: Teranga Gold

Senegal gov’t hikes Teranga’s royalty rate

Teranga Gold (TGZ-T), which has been producing gold from its Sabodala open-pit gold mine in the Senegal since March 2009, has agreed to amend its stability agreement with the government to increase the royalty rate on production to 5% from 3%,…


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