Gold

A new frontier in gold exploration is emerging in Kenya, where traditional, costly methods are being challenged by the precision of satellite technology. A recent case study by Farmonaut, a remote sensing firm, details a successful project that used satellite imagery to pinpoint potential gold deposits in a 26-square-kilometre area, …

London-listed Caracal Gold has signed a four-month exclusivity agreement with Tanzanian mining company Pumba Resources, targeting gold prospecting licence applications in Tanzania’s Geita and Singida regions. The agreement, announced on 1 August 2025, grants Caracal exclusive rights until November 30 to conduct legal, technical and financial due diligence on Pumba’s …

The Southwestern Ethiopian Peoples’ Regional State has delivered 150 kilograms of gold to the National Bank of Ethiopia during the current fiscal year, halving its initial target of 300 kilograms. Gebremariam Setegn, Director General of the Regional Mining and Energy Development Agency, attributed the shortfall primarily to illegal trade and …

Buckle up, Tanzania! Australian gold mining giant Perseus Mining has just thrown down a cool $523 million (that’s a staggering 817 million Aussie dollars!) to unearth the glittering riches of the Nyanzaga Gold Project (NGP). This ambitious venture, set in the heart of Tanzania, promises to be the country’s first …

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 …