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Mali to boost funding and policing of artisanal gold mining

Mali plans to boost funding opportunities for its artisanal miners and to improve the policing of a sector that produces about a third of the country's gold exports, officials said on Thursday at the start of a mining reform meeting. Artisanal...
19th September 2014

Gold industry at a crossroads, return to fundamentals essential for capital

The gold industry needed to make money once more, and return to fundamentals if it was to succeed in competing with the gold exchange-traded funds (ETFs) for coveted capital, the world’s seventh-largest gold producer by output said on Thursday....
18th September 2014

Endeavour Mining firing on all cylinders, eyes topping guidance

West Africa-focused gold miner Endeavour Mining is chasing the top-end of its 2014 production guidance, expecting to beat it and continue to lower costs – all while adding new sources of gold-bearing ore to its production profile. Founder and...
17th September 2014

Mali says at least 16 killed in artisanal gold mine collapse

At least 16 people were killed following the collapse of a shaft in an artisanal gold mine some 130 km (80 miles) south of Mali's capital Bamako, the West African State's mines ministry said late on Tuesday. Ten of those killed were miners from...
17th September 2014

Current activity a portent to future gold dearth

At the current rate of new gold deposit discoveries around the globe, new finds would only be able to replace about 600-million ounces, or half of the industry’s total output in the last 14 years. This was the stark message professional services...
16th September 2014

Shareholders agree to B2Gold/Papillon merger

The shareholders of Canada’s B2Gold Corporation have agreed to a A$670-million merger agreement with ASX-listed Papillon Resources. Papillon’s own shareholders have also come out in favour of the merger, with 99.5% of the voting shareholders...
15th September 2014

Savannah’s exploration projects dent bottom line, but boost prospects

Aim-listed Savannah Resources says its operating loss of £630 877 for the six months ended June 30 reflects the increased pace of operational activities around the company's prospective copper and heavy mineral sands projects, in Oman and...
12th September 2014

Gold production at Robex's Mali mine to start by year-end

Canada's Robex Resources expects to pour the first bar of gold from its Nampala mine in southern Mali by the end of this year, the company's country manager said on Tuesday. Toronto- and Frankfurt-listed Robex has completed construction of the...
9th September 2014

Miners step up safeguards in mineral-rich Africa amid Ebola crisis

Mining companies are beefing up protection against the spreading Ebola virus in West Africa while maintaining investment in new projects in a region with vast untapped mineral wealth. Attempts to keep the deadly virus out of work sites range from...
5th September 2014

MPRDA sidelining artisanal miners in favour of ‘big boys’ – professor

Despite the gains of the newly amended Mineral and Petroleum Resources Development Act (MPRDA), Mandela Institute director Professor Tumai Murombo has argued that the development of mining legislation has progressively eroded the rights of mining...
4th September 2014

Master Drilling reports growth, but falls shy of expectations

JSE-listed Master Drilling on Thursday reported a 20.6% increase in revenue to $65.2-million for the six months ended June 30, from the $54.1-million recorded in the previous comparable period, while its profit was up 20.9% from $7.7-million to...
4th September 2014

Merger won't slow Fekola - Papillon

ASX-listed gold developer Papillon Resources on Thursday said that its merger with Canada’s B2Gold would not affect the construction schedule of its flagship Fekola project, in Mali. In June this year, Papillon and B2Gold struck a A$670-million...
4th September 2014
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