Combined indicated and inferred resources for the satellite deposit, located 15 km northwest of its Essakane operation in Burkina Faso, amount to 376,000 gold ounces.
Africa Mining News
The miner joined forces with international development organization Pact.
Africa's No.2 copper producer plans to introduce new mining duties, replace Value Added Tax with sales tax and increase royalties to help bring down mounting debt.
TechMet has been operational for over a year and has assets, deployed in mining, processing and recycling projects around the world, including Canada, Brazil, Rwanda and Burundi.
Gold production declined 15.1% from a year earlier.
Copper prices on the international market have been recovering but Mowana mine, which employs 411 workers, has failed to capitalise on the gains due to equipment breakdowns.
The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.
Ivory Coast, is seeking to diversify revenues by increasing gold output from 25 tonnes last year to 50 tonnes between 2020 and 2025.
The state miner is moving to increase its take from joint ventures with international miners such as Glencore and China Molybdenum, which it accuses of not bringing enough money to the country.
Gold mining is one of the main sources of foreign currency in the impoverished country, and most of it is done using traditional methods, often with few safety measures.
The Tarkwa mine engineering management has been satisfied with the performance of the installed Metso valves as they have yielded step changes in their consistent reliability and the plant’s overall efficiency.
Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years
President Emmerson Mnangagwa is making moves to end the country’s international isolation and attract foreign investment to boost an economy in tatters, including allowing new private investment in the diamond fields.
The operation will add to the Perth-based company annual output, until now on depending on just one mine — Lulo, in Angola.
It may even allow foreign investors to hold majority stakes in local operations on condition that part of their output is reserved for domestic downstream industries.
Chief Executive Officer Nicolaas Muller said Implats could return to profit by around 2020 by shutting older shafts at its Rustenburg mining complex.
The South African miner is kicking off this week its Far West gold recoveries project in Gauteng with the pumping of reclaimed tailings into the carbon-in-leach circuit, just four months into construction of the first phase.
Jihadist militants ramp up attacks against security forces.
The measure is part of efforts to stem smuggling of gold, one of the country's main sources of foreign currency.
Congo is Africa's top copper producer and mines more than 60 percent of the world's cobalt
Company veteran and coal chief Peter Freyberg, has been appointed as the head of industrial mining assets, a newly created role.
The strike was the second in the past month to hit Sierra Rutile, one of Sierra Leone's largest companies, following a week-long stoppage in October that led Iluka to cut its output forecast.
The Saldanha export line carries iron ore sourced mainly from Kumba mines from the Northern Cape province to the Saldanha port in the Western Cape.
Anglo American mines platinum, coal, diamonds and iron ore in South Africa.
Congo is Africa’s biggest copper producer and the world’s largest source of cobalt.