Tag: Mining
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In Senegal, Dangote follows the phosphate vein
While in Dakar to be decorated by Macky Sall, Aliko Dangote announced an investment of one billion dollars in phosphate. A project considered for a time in Togo. Nigerian billionaire Aliko Dangote announced an investment of over $1 billion to develop a phosphate project in Senegal. The announcement came on Friday, February 2, following fruitful discussions…
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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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🇬🇭 Illegal mining threatens Ghana’s cocoa industry
Ghana, the world’s second-largest cocoa producer; after Ivory Coast, is facing increasing risks to its bean crop from illegal miners and smugglers, according to industry officials, farmers and environmentalists. At a time when Ghana is going through one of the worst economic crises in its history, with inflation reaching 26.4% in November, illegal mining, known…
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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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