First Independent Mena Newspaper
Niger’s military-led government has nationalized the country’s only industrial gold mine, Société des Mines du Liptako (SML), accusing its Australian operator, McKinel Resources, of “serious breaches,” including failure to fulfill a $10 million investment pledge. The junta, in power since a 2023 coup, framed the move as a strategic step toward national resource control. “In […]
Barrick Gold Corporation said that it remains restricted from shipping gold from the Loulo-Gounkoto mining complex in Mali, where authorities have also seized the company’s existing gold stock from the site to a custodial bank. Malian authorities have seized an amount of gold estimated at $245 million in an escalation of their long-running dispute with […]
Burkina Faso’s Minister of Mining Tuesday branded rubbish Ghana’s President Nana Akufo-Addo’s claims that the insecurity-dogged country has awarded a mining field to the Russian private military company Wagner for exploration in exchange for support. “We have not granted a permit to a Russian company in southern Burkina. On the other hand, a cabinet meeting […]
Nigerien authorities have shut down the gold mining site of Tamou in the department of Say in reaction to a string of attacks that targeted the site, anadolu news agency reports. Barmini Kaboyé, the Prefet of the department in a decree issued Thursday the site is shut down until further notice. The decree also indicated […]
Cameroon has sealed at least 30 gold mines, including some owned by Chinese companies, after more than 33 young miners died in landslides this month and scores more were declared missing. On Monday (22 August), the local government deployed several hundred troops to seal at least 30 gold mines in Kambele, a village in Batouri […]
Morocco’s mining company Managem completed its partnership with China’s Wanbao to acquire 65% of Gabgaba gold mine in Sudan. The deal is in line with Managem strategy to develop its investments in Africa and develop its activities in Sudan, Managem said in a statement. Managem together with Wanbao will expand the Gabgaba mine […]