Gold

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. …

The reverse list on the London Stock Exchange in March is scheduled for a Kenyan gold asset with expansion, discovery and green status upside. The Kilimapesa gold mine, with a reported Joint Ore Reserves Committee resource of 670 000 oz, is a relatively extensive underground and 6 000 oz annual …

Aim-listed Shanta Gold has revealed that it has “produced another notable safety performance”. The company, through  CEO Eric Zurrin  in a production and operational results release, also states that it achieved its core objectives for 2020, with gold production and costs in line with guidance. Shanta owns the New Luika …

The Toronto-based mining company Barrick Gold, which operates three mines in the African country through Twiga Minerals, has announced that it will invest $8 million on exploration in Tanzania this year. The company also revealed that it has been granted 10 new exploration licenses in Tanzania, where it was until …

Gold has overtaken tourism as Tanzania’s biggest foreign-exchange earner, while Barrick’s joint venture with the Tanzanian government paid its first cash dividend of $250 million earlier this week. The East African nation’s gold-mining industry is showing signs of a renaissance following a crackdown on smuggling and the settlement of a …

Gold exports from Ethiopia increased four-fold year-on-year to 24,700 ounces during July and August, this is according to a Bloomberg report. This was after the central bank offered higher prices to mop up gold that may otherwise be smuggled. Ethiopia is the latest country in Africa to start buying up …

As a part of due diligence and testing the state of operations, Kilimapesa successfully recommenced gold production with the first smelt taking place on Monday 14 September 2020 yielding a 87 oz gold bar, and to continue gold production at the mine. This forms part of the work being undertaken …