Gold

The development will be financed through interest-free loans from Perseus’ existing cash reserves. Credit: New Africa/Shutterstock. African-focused gold company Perseus Mining has made a final investment decision (FID) to develop the Nyanzaga Gold Project (NGP) in Tanzania with an investment of approximately $523m (A$817.08m). The updated feasibility study for the …

The burgeoning Rwandan mining industry, a cornerstone of the nation’s economy, faces a significant challenge following the European Union’s decision to impose sanctions on key officials and entities. The EU’s move, announced on March 17, 2025, alleges Rwandan involvement in the ongoing conflict in the Democratic Republic of Congo (DRC) …

Scandinavian-based Ethiopian gold producer Akobo Minerals AB (publ) has provided an operational update for January 2025, reporting steady gold production and outlining plans for a new vertical mine shaft at its Segele deposit. Gold output for the month totalled just over 2 kg of doré gold, bringing cumulative production to …

Scandinavian-based Ethiopian gold explorer and miner, Akobo Minerals AB (publ), has announced a significant milestone in its operations. The company produced a total of 2,833 grams of gold in October, a testament to its growing operational capabilities. A key highlight of the month was the pouring of the second gold …

Akobo Minerals, a Scandinavian gold exploration and mining company with a growing presence in Ethiopia, has announced a significant milestone – the successful production of its first gold bar from the Segele Mine. This achievement marks the beginning of commercial gold production for the company, solidifying their position as a …

Akobo Minerals, the Scandinavian gold explorer with its sights set firmly on Ethiopia, has encountered a temporary setback in its production timeline. Nationwide fuel shortages and evolving customs procedures threw a spanner in the works, delaying the mine’s official launch. However, amidst the recent hurdles, Akobo has not been twiddling …

A glimmer of gold shines bright on the horizon for Kefi Gold and Copper, as the company’s flagship Tulu Kapi project in Ethiopia has secured the final nod from the lead lender’s credit committee. This crucial green light unlocks a $320 million financing package, paving the way for the development …

Twiga Minerals, the joint venture between the Tanzanian government and Barrick Gold Corporation, has revitalized the country’s gold mining industry through a partnership that should serve as a model for similar operations, particularly in developing regions, Barrick president and chief executive Mark Bristow said today. Briefing media at a mine …

Barrick Gold Corporation, Africa’s biggest gold mine, Kibali, stepped up production significantly in the past quarter as part of its planned ramp-up and is well on track to achieve its annual guidance.  At the same time, successful exploration is expected to more than replace reserves depleted by mining again this …

Mali government has honoured Barrick Gold Corporation’s Loulo Gounkoto Mine for its role in enabling the country’s tax department to achieve its revenue targets for 2022. Loulo-Gounkoto gold mining complex has become one of the largest taxpayer in Mali, The country’s Director of Large Enterprises presented both Loulo and Gounkoto …