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Investors for Zimbabwe’s gold mining

Mauritius-based, Sotic International has snapped some of Zimbabwean biggest mines. Landela Mining Ventures, which is controlled by Sotic, bought two of Zimbabwe’s gold mines this year. The newcomer is targeting six more mines, including four idled state-owned operations, said Sotic Chief Executive Officer David Brown. That expanding mining portfolio has …

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Rwanda to expedited mining licenses

  The Rwanda Mines, Petroleum and Gas Board (RMB), has moved to expedite the process of new mining license applications as the country makes efforts to recover from the impacts of the COVID-19 pandemic. In a press release, RMB said it had also distributed a series of protocols to allow …

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Golden Rim makes progress in Burkina Faso

Drilling at West African gold developer Golden Rim Resources’ Kouri project in Burkina Faso is making steady progress. Golden Rim Resources recently commenced a 17 000m Reverse Circulation (RC) and 4 000m diamonds drilling programme at the Kouri project in Burkina Faso. The company uses Capital Drilling’s multi-purpose rig for the …

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Cache Exploration buys gold project in Mali

Cache Exploration announced the acquisition of a 100% mineral interest in a gold project in Mali, West Africa. In a press release, Cache said that it signed a definitive agreement with private vendor Rachid Mogabgab and that the acquisition includes an estimated $250,000 in mining equipment previously utilized at the …

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Gold exploration license granted to IronRidge Resources

IronRidge Resources has announced the Zaranou Gold Project Licence has been granted, and it has extended the exclusive due diligence period to the highly prospective gold license in Côte d’Ivoire, West Africa. Commenting on the company’s latest progress, Vincent Mascolo, CEO and MD of IronRidge, says: “We are very pleased …

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Gold demand lifted by central banks, ETFs

Global demand grew to 1,053.3 t in the first quarter of 2019, up 7% on the same period last year, according to the World Gold Council’s latest Gold Demand Trends report. This year-on-year increase was largely due to continued growth in central bank buying, as well as growth in gold-backed …

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Asante Gold reviews new mining technique

Asante Gold is reviewing a new mining technique, Sustainable Mining by Drilling for future application at Kubi gold project in Ghana. Sustainable Mining by Drilling (SMD) is a two-stage drilling method that enables direct mining of narrow deposits. The technology is being developed and commercialized by Anaconda Mining, in collaboration …

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Shanta Gold updates finance plans for Singida

Shanta Gold, the East Africa-focused gold producer, developer and explorer, has provided an update on its plans to finance the Singida Gold Mining Project in Tanzania. “We are focused on bringing Singida into production through an asset-level financing that unlocks value for Shanta Gold shareholders while also allowing the company …

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Lily and Barbrook gold mines sale in limbo over dispute

The fate of the Lily and Barbrook gold mines in Mpumalanga hang in the balance as Siyakhula Sonke Empowerment Corporation (SSC Group) and its subsidiary Flaming Silver, have turned to the Mpumalanga High Court to resolve a dispute with Vantage Goldfields South Africa regarding a sale of shares agreement for the two mines. Flaming …

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