Tag: Mining
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๐ฌ๐ณ Nimba Iron Ore Project Eyes Ivorian Ports, Raising Questions for Liberiaโs Mining Future
Pan-African News Blog The Nimba Development Company (NDC) is currently in advanced discussions with port authorities in Cรดte d’Ivoire, specifically the ports of Abidjan and San Pedro, to serve as export gateways for its planned iron ore production from the Nimba Mountains. The company aims to export up to 3 million tonnes of iron ore…
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๐จ๐ฉCongo suspends cobalt exports for four months amid glut
The Democratic Republic of Congo says itโs suspending cobalt exports for four months to rein in oversupply of the battery metal on the international market. Cobalt production in Congo โ which produces about three-quarters of the material used in electric-vehicle batteries โ has soared in recent years, as Chinaโs CMOC Group Ltd. ramped up output…
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The Future of Cryptocurrency in Pan-African Nations by 2030
Cryptocurrency is poised to significantly impact Pan-African nations by 2030, particularly in the realms of business transactions, education, and governmental policies. As digital currencies gain traction across Africa, they present both opportunities for financial independence and challenges linked to neo-colonial tactics aimed at controlling emerging economies. This article explores the main cryptocurrencies likely to influence…
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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 Africaโs Sahel region โ notably Mali, Burkina Faso and Niger โ 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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๐ฟ๐ฆ ArcelorMittal shutdown: worry about socio-economic catastrophe
There are concerns that ArcelorMittalโs decision to shut down its long steel business will lead to a socio-economic catastrophe. While government is said to have done nothing about the reasons for the shutdown, the department of trade, industry and competition says it still wants to prevent the shutdown. ArcelorMittal South Africa (AMSA) made a final…
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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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๐ง๐ท Brazil police bust $166 million illegal gold scheme on Indigenous lands
In a major crackdown, Brazilโs Federal Police announced on Wednesday that they have dismantled a massive illegal gold mining operation on Indigenous lands. The scheme, valued at an astonishing 4 billion reais (approximately $166 million), highlights the devastating exploitation of both natural resources and Indigenous communities in the Amazon region. The investigation revealed a sophisticated…
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Resolute Mining Executives Detained in Mali: A Setback for Australian Gold Operations in West Africa
Three senior executives from Resolute Mining, a Perth-based mining company with significant interests in West Africa, have been unexpectedly detained in Mali. The detainees include CEO Terence Holohan, alongside two other senior figures within the organization. The incident has raised concerns both within the company and among investors, causing a sharp decline in the companyโs…
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๐ฒ๐ฑ Mali detains 3 Australian mining firm executives
Three expat executives from Australian company Resolute Mining, which owns a gold mine in Mali, have been detained for questioning, industry and judiciary sources told AFP on Saturday. It is the second time in just over a month that employees of a foreign mining firm have been detained in Mali, as the ruling military junta…
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๐ง๐ผ Botswana’s new president aims to finalise De Beers diamond sales pact soon
Botswana’s new president Duma Boko said on Friday he wanted to conclude talks for a new sales pact with global diamonds mining giant De Beers as soon as possible. “The relationship with De Beers could have been damaged by the way the negotiations were handled,” President Boko said in a televised statement from Gaborone, Botswana’s…
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