Canadian company Aya Gold & Silver has raised $70 million for the development of its Moroccan Boumadine and Zgounder mining projects, near Ouarzazate. On Tuesday, Aya firm announced it has agreed to sell 8,485,000 common shares to Eight Capital and Desjardins Capital Markets, as joint bookrunners and co-lead underwriters, together with a syndicate of underwriters. […]
Egypt is said to be the next Arab and African state to express its support for Morocco’s territorial integrity by opening an embassy in the Sahara region, Egyptian media reported. President Sisi will send his foreign minister to Rabat for that purpose following similar steps by the UAE, Bahrain and Jordan in addition to several […]
The French energy giant TotalEnergies has submitted an application to convert its exploration right offshore South Africa into a production right and the country’s authorities expect the company to submit a production plan within weeks to utilize a prolific offshore gas discovery that will form a key part of increasing investment in the sector. The […]
