Gold

Shanta Gold has extended the life of its New Luika gold mine, in Tanzania, to at least the end of 2026, while the mine life of its Singida project, also in Tanzania, remains unchanged to the end of 2029. The company has replaced the ounces it mined in 2021 with …

Welcome to Nairobi, the city of gold scammers, a city where many have lost millions of dollars to bling-bling-wearing fraudsters, who have tentacles and partners across Africa — from Kampala to Lagos, Kinshasa to Niamey. Their victims are mostly foreigners who, after realising they were conned, resort to court cases …

In Kenya, a new mining player has emerged, and this player is serious about doing business. Its name is Caracal Gold, and manufacturing is its game. In September 2020, the business took operational control of its 100 per cent owned Kilimapesa gold mine, restarted processing and the underground mine in …

A one-year study of two Tanzanian gold mining towns indicated that mineworkers faced a fatality risk more than twice that of non-miner community members, with the majority of this elevated risk due to road traffic injuries. The findings will be published in the new open-access journal PLOS Global Public Health …

Norway-based gold exploration company, Akobo Minerals will soon be working with a total of three core drilling rigs in the field, including one company owned drill rig. The company is currently doing exploration and small-scale mine development in the Gambela region and Dima Woreda, southwest Ethiopia. The additional drill rig …

It’s possible that western Kenya is sitting on significant gold resources that have yet to be discovered. Bushiangala and Isulu villages in Kakamega County’s Ikolomani are claimed to be the rare metal’s bedrock, but people’ evident poverty tells a different narrative. Despite many years of exploration by foreign corporations that …

Alinani Precious Metals (APM), a Zambian company, has revealed intentions to establish a Sh1 billion gold processing plant on Nairobi’s Mombasa Road, aimed at artisanal miners. The gold refinery project, which will begin building in early September, will allow miners to derive value from their mineral resources rather than only …

Following drilling in the second quarter, Aim-listed Shanta Gold has presented an exploration update for the Bauhinia Creek (BC) East Area 1 project at the New Luika gold mine (NLGM) in south-western Tanzania. According to the firm, the results of the 22 diamond core and 16 reverse circulation holes drilled …

Following the most recent drilling in the Lihranda corridor at Isulu, large-scale gold mining in Western Kenya could begin next year. Additional visible gold has been identified in seven unique intersections, according to Shanta Gold, the company doing the exploration. The gold explorer said the results were reached after a …

Shanta Gold, a gold producer based in East Africa, has reported its audited final results for the year ended 31 December 2020 for its East African properties. Its properties include the New Luika Gold Mine and the Singida Project in Tanzania, as well as the West Kenya Project in Kenya. …