Category: Gold
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π§π« West African Resources agrees to increase Burkina Faso’s equity interest in projects to 15%
Australia-listed West African Resources, which owns and operates the Sanbrado, Kiaka and Toega projects in Burkina Faso, has agreed to increase the State’s free-carried equity interest in the projects to 15%, from the 10% previously held by the State. This change is in line with the new Burkina Faso Mining Code, which was adopted in…
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Ghana Restructures Gold Trade: Foreign Companies Ordered Out of Small-Scale Sector by April 2025
Accra, Ghana β April 20, 2025 β In a bold move to reshape its gold industry and clamp down on illegal mining, the Republic of Ghana has announced sweeping reforms to its small-scale gold sector. Effective April 30, 2025, all foreign companies involved in the trade of small-scale gold must exit the market. Only state-affiliated…
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Why is there so much gold in west Africa?
Gold in the region: Gold in west Africa: Origins, reserves, and modern exploration techniques. Militaries that have taken power in Africaβs Sahel region β notably Mali, Burkina Faso and Niger β have put pressure on western mining firms for a fairer distribution of revenue from the lucrative mining sector. Gold is one of the resources…
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π²π± Mali seizes 3 tons of gold from Canadian company
Mali’s military government has started seizing gold stocks of the Canadian mining company Barrick as part of a legal battle over the share of revenue owed to the West African state, according to an internal Barrick letter seen by The Associated Press. The letter from CEO Mark Bristow to the Malian Mining Minister, dated Monday,…
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Mineral wars: global conflicts fueled by West’s search for rare resources β Part 1 & Part 2
The coming years are shaping up to exacerbate the global geoeconomics and military competition for the worldβs mineral resources, with President Trump openly eyeing 12 million sq km of territory containing untold riches. Here are the conflicts, present and future, to watch out forπ β‘οΈ Ukraine π The US βcannot affordβ to let Moscow achieve…
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π§π· Illegal Gold Mining in Brazil’s Amazon: A Crisis for the Munduruku People and the Environment
In the heart of Brazil’s Amazon rainforest, the Munduruku people find themselves at the center of a crisis that threatens their environment, culture, and unity. As gold prices soar to record highs, illegal gold mining has surged across the region, pitting members of the indigenous Munduruku community against one another and leaving a trail of…
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Congolese Authorities Arrest Chinese Nationals Smuggling Gold and Cash in South Kivu
Congolese security forces made a significant arrest on Saturday, January 5, 2025, when three Chinese nationals were apprehended with 12 gold bars and $800,000 in cash in Walungu territory, South Kivu Province, near the Rwandan border. According to reports from 7 Sur 7, the individuals were traveling in an SUV when they were intercepted by…
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Study sheds light on how gold reaches the Earthβs surface
Did you know gold is more plentiful than lead when you analyze the bulk composition of the Earth? Youβre probably thinking, βWait a minute, I thought gold was rare!β deposits. Combining the results of this study with existing studies ultimately improves our understanding of how gold deposits form and can have a positive impact on…
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π²π± Mali’s Mining Revolution: A Nation Redefines Resource Sovereignty
The arid and gold-rich landscapes of Mali have borne witness to an extraordinary shiftβa quiet yet potent revolution unfolding far from the boardrooms of international conglomerates. For decades, this West African nation has been a key player in the global mining industry, its vast reserves of gold, uranium, manganese, bauxite, lithium, and iron ore drawing…
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Burkinabe Authorities Seize $2.28 Million Worth of Smuggled Gold Near Togo Border
Burkinabe customs and national police made a significant breakthrough in the fight against gold smuggling on Tuesday, December 17, 2024, by intercepting 28.6 kilograms of gold worth $2.28 million. The operation took place in Bittou, a city near the border of Togo, following an anonymous tip that exposed suspicious activities involving three individuals. The suspects…
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