Tag: Mines
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🇨🇬 Company says M23 rebels looted millions of dollars of gold in Congo
Twangiza Mining said Monday that M23 rebels occupying its gold concession in the Democratic Republic of Congo have looted at least 500 kilogrammes of bullion since May. The mine is in South Kivu province in the east of the country, where the Rwanda-backed militants staged a lightning offensive earlier this year, seizing swathes of territory.…
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🇬🇧 Anglo American’s handling of the De Beers sale
Anglo American’s handling of the De Beers sale has angered Botswana, which owns 15% of the diamond producer, because the government believes that it hasn’t been properly consulted, sources say. Anglo is selling De Beers as part of a restructuring plan after the company fended off a takeover approach from BHP last year. Botswana is weighing options including buying Anglo’s stake in…
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🇬🇭 Ghana targets record gold haul in 2025
Keypoints: Ghana forecasts up to 5.1m oz of gold in 2025Artisanal mining and new projects drive growthAgeing mines, smuggling, and licensing still pose challenges GHANA is set to push its gold output to a potential new record of 5.1 million ounces in 2025, up from last year’s 4.8 million ounces, according to projections by the…
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🇧🇫 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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