Thursday , October 17 2019
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Kouri Project underway in Burkina Faso

The Kouri project by Golden Rim Resources is seen to be making stable drilling progress in Burkina Faso, West Africa. According to the company RC drilling commenced in the river channel area of the Footwall Shear, following up a recently obtained high-grade drill intercept of 4m at 44.7 grams per …

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Power projects commences in Ghana

Construction works at Ghana’s biggest power Bulk Supply Point (BSP) at Pokuase in Ga West have commenced. The President of Ghana, Nana Addo Dankwa Akufo-Addo, recently turned the sod at an event that marked the start of construction at a project that will change the future of energy supply in …

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Walkabout Resources offshoots first project

The first international project “early-start” by the emerging African graphite producer Walkabout Resources has started to commence procurement, manufacturing and site works for the Lindi Jumbo graphite project. Simultaneously with “early-start”, the company has finalised a placement of US$3.1 million at a price of A$0.23c which is a 10% discount …

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Zanzibar Gold eyes two assets for acquisition

Reports on the acquisition of Mkuvia gold property and Fakawi gold property by Zanzibar Gold Inc have been publicly aired. The Mkuvia property located in the Nachengwea area of southern Tanzania has had small scale local placer operators mining gold from the property since 2005. A preliminary operation plan was …

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Nordgold footprint expands in Burkina Faso

Nordgold has expanded its investment in Burkina Faso, as one of the country’s largest gold producer and a major economic contributor The miner currently runs three mines in the country that produce over 360 thousand ounces of gold, accounting forr approximately 40 percent of the company’s total annual production. Currently …

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Kibo converts Sanderson to key investor

Africa focused energy company – Kibo Energy has today signed a binding term sheet with Sanderson Capital Partners for the conversion of the latter’s 2.5 percent equity interest in the Tanzanian subsidiary, Mbeya Development Company Limited. Mbeya Development is the holder of the company’s physical 120.8Mt Coal Resource in Tanzania. …

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