Category: Minerals
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Thousands Protest in Accra Against Illegal Mining, Demand Government Action
Thousands of protesters flooded the streets of Accra last week, demanding an end to illegal mining practices, locally known as ‘Galamsey’, which have devastated large swathes of Ghana’s environment. The demonstrations, which took place from Thursday through Saturday, reflect growing public frustration with the government’s perceived inaction on the issue. Protesters vowed to maintain pressure…
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Burkina Faso plans to withdraw some mining permits
Burkina Faso has recently announced a strategic decision that could have significant implications for the nation’s economy and its position in the global mining industry. The country’s leadership, under junta leader Ibrahim Traore, is planning to withdraw mining permits from certain foreign companies. This move is part of a broader initiative aimed at boosting the…
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IMF and Ghana reach staff-level deal on $3 bln loan-programme review
International Monetary Fund staff and officials in Ghana have reached an agreement on their third review of the West African country’s $3 billion IMF loan programme, the fund said on Friday. The West African gold and cocoa producer is nearing completion of a debt-restructuring process under the G20’s Common Framework initiative, after it defaulted on…
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Ghana plans three-day protest over illegal mining, arrests
Ghanaians are set to stage a three-day protest this week demanding government action on illegal gold mining and the release of 54 activists detained for demonstrating against the illicit activity. The government’s handling of illegal mining — particularly its impact on natural resources and rural livelihoods — has become a flashpoint issue in the run-up…
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UN says Congo rebels generating $300,000 monthly in seized mining area
Rebels in eastern Democratic Republic of Congo have consolidated control over the Rubaya coltan-mining region, imposing a production tax estimated to generate around $300,000 in monthly revenue, the United Nations security council heard on Monday. The M23 movement, a Tutsi-led organization purportedly backed by Rwanda, seized the area, which produces minerals used in smartphones and…
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Four employees of Canadian miner Barrick Gold reportedly arrested in Mali for financial crimes
The four arrested are senior Malian employees of Barrick Gold, the world’s second-largest gold miner and one of Mali’s top gold producers, according to Western media citing multiple unanimous sources. The arrests, which reportedly took place on Wednesday, come amidst a broader shift in Mali’s mining policy, aimed at increasing state control over gold revenue.…
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Tanzania orders 20% of gold exports to its central bank for reserve diversification
To bolster its foreign reserves and combat the depreciating shilling, the Bank of Tanzania began purchasing gold from local traders and miners last fiscal year, acquiring 418 kg. The bank aims to purchase 6 tonnes of gold in the current fiscal year. The Tanzania’s Mining Commission announced that a new mining law, effective October 1,…
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BREAKING: Josh Shapiro and Zelensky visit artillery shell plant in Scranton, PA Shapiro signs shells to be used in the war in Ukraine
BREAKING: Josh Shapiro and Zelensky visit artillery shell plant in Scranton, PA Shapiro signs shells to be used in the war in Ukraine
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Libya thwarts smuggling attempt of 100 kg of gold, 1.5 mln euros
Libya’s Internal Security Agency said on Saturday it had thwarted an attempt to smuggle 100 kg (220 lb) of gold and 1.5 million euros at Misrata international airport during a security check of an international flight. The gold bars were found in three suitcases while the money was in one suitcase. The suitcases were spotted…
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