DRC bans export of cobalt and copper concentrate
The Democratic Republic of the Congo (DRC) is grabbing headlines again in a way that many investors would prefer that it didn’t.
Africa
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…
DRC bans export of cobalt and copper concentrate
The Democratic Republic of Congo (DRC) is grabbing headlines again in a way that many investors would prefer that it didn’t.
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%,…
Suriname approves new agreement with Iamgold
Early last month Iamgold (IMG-T, IAG-N) declared that it wanted to cut annual spending by $100 million through a combination of cost-cutting initiatives aimed at reducing mine operating costs, exploration expenditures and administrative…
Amara delivers on a golden promise
During an interview in Toronto with The Northern Miner last year, Amara Mining (AMZ-T, AMA-L) chief executive Peter Spivey said the London-based company would release an updated resource estimate in the first quarter of 2013 defining a large,…
Banro eyes US$100M financing to get back on track
Banro (BAA-T, BAA-X) intends to secure a larger financing package of up to US$100 million to get its delayed Namoya gold project in the Maniema province of the Democratic Republic of the Congo (DRC) into production by year-end.
Endeavour works to win market favour
Endeavour Mining (EDV-T) has its own way of dealing with recent stingy market valuations for gold companies: the company puts its head down and digs.
Tiger Resources ramps up operations in the DRC
VANCOUVER – The risk-reward tradeoff that permeates the Democratic Republic of Congo (DRC) is working out well for Tiger Resources (TGS-T, TGS-A): the Australian company has been producing copper from the first phase of its Kipoi project…
Kubi offers upside for PMI Gold
A month after PMI Gold (PMV-V) and Keegan Resources (KGN-T, KGN-X) called off their merger plans in February because it appeared unlikely that PMI Gold’s shareholders would approve the deal, drill results continue to identify anomalous gold at…
Teranga Gold signs new agreement in Senegal
Teranga Gold (TGZ-T, TGZ-A), which has been producing gold from its Sabodala open-pit gold mine in the Republic of Senegal since March 2009, has agreed to amend its stability agreement with the government to increase the royalty rate on…
Editorial: CAR crash
Another year, another bloody coup in Africa. This time it’s the Central African Republic that’s reeling after an assault by Seleka rebels on the presidential palace in the capital Bangui in late March left dozens dead, including 13…