Senegal Mining News

Iamgold to apply for mining concession at ‘promising’ project in Senegal

Company said feasibility study for its Boto gold asset outlines an economically robust, low cost production project which will produce 140,000 ounces of gold annually on average over a 13-year lifespan.

France's ERAMET bids $218 mln for Australia's Mineral Deposits

ERAMET said the offer would enable the full consolidation of the TiZir joint venture.

Burkina Faso mine to boost Teranga’s annual gold output by 50%

Once Banfora is up and running, it would take the company's annual gold output to between 300,000 and 350,000 ounces.

Randgold reports 53 pct rise in H1 profit, cash pile mounts

African gold miner Randgold on Thursday reported a 53 percent rise in half-year profit and a mounting cash pile, and said it was well on the way to developing projects that will position it for an eventual increase in demand.

Randgold schedules Massawa project for feasibility finalization

Company will make final decision on its development by mid next year.

Teranga Gold’s social, environmental efforts grant it top award at PDAC

The company's mission includes a commitment to ensure communities are better off as a result of its presence.

Africa’s rising risks jeopardizing recent mining growth: report

Analysts claim Sub-Saharan Africa's investment environment is deteriorating.

Senegal wants mining industry to drive economy

Mining will be one of the country's 'pillars of development.'

Mining investments a lot safer in Mozambique, Burkina Faso and PNG

Other notable good performers in the 2013 Corruption Risk Index are Senegal and Botswana.

Africa’s increasing risks scaring off mining investments: report

With the exception of Ghana and Cape Verde, which were ranked as “medium risk” in the index published Wednesday, all others were classified as “high risk."

Oromin Explorations Ltd.: OJVG gold project-status of feasibility study

SRK Consulting Inc. and Ausenco Solutions Canada Inc., advise that results of the CIL Feasibility Study and PEA update are progressing well towards being available in the second half of January 2013.

The richest man in history amassed a $400 billion fortune mining gold and salt in Africa

Adjusted for inflation of course.

Gold production in Africa up almost 10% in 2011

But South Africa's output continues to fall says the Economics Group’s.

Desert Gold Receives Conditional Exchange Approval for Acquisition of TransAfrika Belgique S.A.

Further to its press release of October 5, 2011, Desert Gold Ventures Inc. (TSX-V: DAU) (the "Company" or "Desert Gold") is pleased to announce that the TSX Venture Exchange (the "Exchange") has conditionally approved its proposed acquisition (the "Acquisition") from TransAfrika Resources Cyprus Limited (the "Vendor") of all of the outstanding shares of TransAfrika Belgique S.A. ("TransAfrika"), a private Belgian company which owns interests in three advanced exploration-stage gold deposits in central and western Africathrough subsidiaries in Rwanda, Mali and Senegal.

When hedging hurts: Teranga must deliver 181,855oz at $830, but cash costs are $850-$875

Teranga Gold Corporation is a Canadian-based gold company listed on the Toronto Stock Exchange (TSX:TGZ) and Australian Securities Exchange (ASX:TGZ). For the quarter ended September 30, 2011, the company delivered 16,615 ounces into gold hedge contracts at $846 per ounce, representing 60 percent of gold sales for the quarter, and 10,959 ounces of gold were sold into the spot market at an average price of $1,673 per ounce resulting in an average realized price for the quarter of $1,174 per ounce. Accelerated deliveries into gold hedge contracts during the quarter ended September 30, 2011 reduced the balance outstanding to 181,885 ounces of gold to be delivered at an average price of US$830/oz. Its Sabodala mine is on track to produce 140,000 of gold for the year at approximately $850 to $875 per ounce.

Teranga Gold Corp June quarterly report in line with expectations

Sabodala gold mine produced 32,480 ounces of gold during the quarter at total cash costs of US$879 per ounce consistent with guidance. Exploration program achieved significant ramp-up in activity with a total of 14 drill rigs currently operating.