Category: Minerals
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Pan African storms back but investors sit on sidelines
PAN African Resources CEO Cobus Loots rowed back on comments the company could produce more gold than forecast saying on Wednesday current guidance of 180,000 ounces for the 12 months ended June would represent “an excellent performance”. Gold production for the six months was 6.7% higher year-on-year at some 98,458 oz, higher than a 94,000 to 98,000…
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Gabon: Announces the discovery of a new oil field with an estimated reserve of 300 million barrels.
China National Offshore Oil Corp (CNOOC) could expand its Gabon deepwater portfolio in the case of a positive result from the recently spud Tigre 1 new field wildcat, targeting the pre-salt Gamba sandstones of Aptian age. Although there have been gas discoveries in the area, CNOOC have clearly indicated that they are targeting an oil…
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panafrican.email: Unveiling Africa’s Resource Wealth: The Top Ten Mineral-Rich Nations on the Continent
Africa is a continent known for its vast and diverse mineral wealth, playing a pivotal role in the global mining industry. In this article, we delve into the top ten mineral-rich African countries, showcasing their significant contributions to the world’s resource landscape. 1. **Democratic Republic of Congo (DRC):** The DRC stands out as a mineral…
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In Zimbabwe, digital gold beats bitcoin
The Reserve Bank of Zimbabwe is trying something new. Or rather, something very old. You think you’ve got problems? Consumer price inflation in Zimbabwe is running at 75% a year. And that’s only the official rate. The International Monetary Fund thinks it’s nearer 175%. Either way, you get your paycheck and you run, not walk,…
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Liberia: Army Denies Using Troops, Excavators to Mine Gold For President, 1st Lady; Brother-in-Law
Monrovia – The Armed Forces of Liberia is debunking allegations that its troop and resources donated by the government of China are being used to mine gold on behalf of President George Weah’s brother-in-Law, Michael Duncan and First Lady Clar Weah. On Monday, Talk Show host Henry Costa, in a Facebook Live displayed photographs he…
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Lucara Adds 549-Carat White Diamond to Its Growing List of Massive Finds
Lucara Diamond Corp. just recovered a 549-carat unbroken white diamond of “exceptional purity” from its Karowe Mine in Botswana — a diamond mine that has earned worldwide recognition for producing the 1,758-carat Sewelô, the 1,109-carat Lesedi La Rona and the 813-carat Constellation diamond. Those diamonds rank #2, #3 and #8 on the list of the…
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Naomi Campbell in diamond drama
British supermodel Naomi Campbell could be subpoenaed to testify at the trial of Liberia’s ex-President Charles Taylor for accepting a ‘blood diamond.’ It is alleged that Ms Campbell “was given rough diamonds” by Mr Taylor in 1997 at Nelson Mandela’s house in South Africa. Mr Taylor is accused of using “blood diamonds” to fuel an…
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