Perseus Mining has signed the documentation for a $US150 million ($214.5 million) cash advance facility to develop its Yaoure gold mine in Cote d’Iviore, West Africa.
Lucapa Diamond Company has recovered a 130-carat, gem-quality diamond from the Lulo project in Angola, West Africa.
Gold-focused Perseus Mining has chosen Lycopodium to supply engineering and supply works at the Yaouré gold project in Côte d’Ivoire, West Africa, in a $US95.1 million ($132.3 million) deal.
Iluka Resources subsidiary Sierra Rutile has announced that work has recommenced at its mineral sands operation in Sierra Leone, West Africa, following industrial action taken by workers last week.
Gold miner Resolute Mining has established a $US100 million ($135 million) revolving loan facility with Investec Australia.
Perseus Mining’s transformation into a multi-mine West African gold company has gone to plan so far in 2018.
The African Underground Mining Services (AUMS) joint venture between Ausdrill and Barminco has secured a mining services contract with Canadian-based miner SEMAFO at the Siou gold operation in Burkina Faso, West Africa.
Explorer Vital Metals has signed a binding term sheet to sell its Queensland-based Watershed tungsten project to Tungsten Mining for $15 million in cash.
Perseus Mining has reached commercial production at the Sissingué gold mine in Côte d’Ivoire, West Africa.
West African-focused miner Perseus Mining has poured first gold at the Sissingué mine in Côte d’Ivoire one month ahead of schedule.
Perseus Mining expects to deliver first gold at its Sissingué operation in Côte d’Ivoire, West Africa this month.
Azumah Resources has secured an earn-in agreement worth around $17 million at the Wa gold project in Ghana.
African Underground Mining Services (AUMS), a joint venture between Ausdrill and Barminco, has secured a $US280 million ($371.5 million) contract at the Ahafo gold complex in Ghana, West Africa with Newmont Mining.
Vital Metals has raised $5 million through a share placement to aggressively expand gold exploration activities at three sites in Burkina Faso, West Africa.
Gold companies Endeavour Mining and Acacia Mining are discussing a possible merger that could make one of the largest precious metal companies in Africa.
Newcrest and Randgold have entered an agreement to create an exploration joint venture in the south east of Cote d’Ivoire in West Africa.
As the US sees a new domestic energy boom, overtaking Russia for oil output, the fragile economics of West African are becoming shakier.
The announcement comes in the wake of plunging iron ore prices, investors fleeing the bear market on the commodity, and analyst fears of a gap between supply and global demand.
Rumours have emerged that BHP Billiton is moving to freeze all assets in Gabon, but so far the company has not confirmed the speculation.
African focused Australian miner Perseus Mining says fears of African nationalisation of resources are overblown and African nations deserve a fair share.