WINDHOEK, Namibia// — The Namibian Competition Commission has approved Horizon Corporation to acquire an 80% stake in the Kombat Mine from Canadian firm Trigon Metals, marking a key step in bringing the mine back into operation.
Category: Mining
Zambia: Chinese-linked Mining Firms Sued Over ‘Ecological Catastrophe’
Farmers in Zambia have filed an $80bn (£58.5bn) lawsuit against two Chinese-linked firms, blaming them for an “ecological catastrophe” caused by the collapse of a dam that stored waste from copper mining.
Gold Price Forecast (XAUUSD): Has It Begun Its Journey to Break Free from the Grip of the Dollar and the Fed After Touching $3,600?
Gold (XAU/USD) continued its remarkable rise, approaching the $3,590 level during early Asian trading on Monday, on a bullish trajectory that brought it near its all-time highs.
Chamber of Mines: Ghana Still Reigns as Africa’s Gold King with 4.8 Million Ounces in 2024
Ghana is still holding on to its position as the biggest gold producer in Africa, according to the President of the Ghana Chamber of Mines, Michael Edem Akafia.
Newmont Drives its Inclusion and Diversity Agenda as Ahafo North Graduates its First Female Dozer Operators
In a groundbreaking moment for gender inclusion in the mining industry, Newmont’s Ahafo North project has proudly graduated its first cohort of eight female Dozer Operators, marking a significant stride toward building a more diverse and equitable workforce in the industry.
Media Encounter: Mahama’s Galamsey Response Disappointed the Public
The National Coordinator for the District Roads Improvement Programme (DRIP), Edwin Nii Lante Vanderpuye, says President John Dramani Mahama’s recent comments on illegal mining (galamsey) unsettled some Ghanaians.
Ghana: Engineers & Planners Takes Over Black Volta and Sankofa Gold Projects
The long-dormant Black Volta and Sankofa gold projects in Ghana’s Upper West Region are set for revival after Engineers & Planners (E&P), one of West Africa’s largest indigenous mining contractors, acquired full equity in Azumah Resources Ghana Ltd and Upwest Resources Ghana Ltd.
Ghana: Youth of Manso Tontokrom Prevent Military Invasion of Their Mining Site
Hundreds of youth at Manso Tontokrom in the Amansie South district of the Ashanti Region have had a sleepless night after blocking the entry of military personnel to their mining site.
Gold Holds Steady as Bond Market Turmoil Adds to Political and Economic Pressures
Gold is holding steady just below its record highs, floating near $3,550 in the early trading hours today.
Gold Hits Record High As Investors Pile in to Safe Haven
Gold has stormed to fresh record highs, breaking through $3,575 an ounce, as global investors accelerate their flight to safety amid mounting geopolitical and economic turmoil.