Ghana to stop Gold-for-Oil Deal Over Lack Of Transparency
Energy Minister John Abdulai Jinapor has expressed concerns over the lack of transparency within the Gold-for-Oil (G4O) programme, labelling it opaque and unclear for future […]
gold
Central African Republic Suspends Chinese Mining Company Amid Allegations of Militia Ties
The Central African Republic government has suspended the operations of Daqing SARL, a Chinese gold and diamond mining company, due to alleged cooperation with armed […]
Currency Conundrum: Zimbabwe’s Golden ZiG Battles Mistrust Amid Heavy-Handed Enforcement
The Zimbabwean government launched a new currency called the ZiG, backed by gold, in an attempt to replace the struggling Zimbabwe dollar. They launched a […]
Zimbabwe Braces for Steep Drop in Tobacco Harvest Amid El Niño Impact: A Year Post Record Yield
Zimbabwe, Africa’s primary tobacco producer, launched its annual tobacco-selling season amidst projections of a substantial decrease in both yield and quality due to a drought […]
Mali’s junta adopts new mining law to boost state revenues
Mali has adopted a new mining code allowing the military-led government to increase ownership up to a 30% stake in new mineral projects and collect […]
Mozambique gold production grows 53% in first quarter to 346 kilograms
Gold production in Mozambique increased 53% in the first quarter of the year, compared to the same period in 2022, to 346.3 kilograms, according to […]
Cape Verde sells half of gold reserves in 2022 totalling 27.4 ME
Banco de Cabo Verde’s (BCV) gold investment portfolio totalled 3.024 billion escudos (€27.4 million), a decrease of 47.03% compared to the previous year, according to […]
Ghana plans to pay for fuel purchases with gold bars
Ghana is considering paying for its fuel purchases in gold bars, according to an announcement by Ghana’s vice president, Mahamudu Bawumia. The government’s stated aim […]
Senegalese police arrested 3 suspected of violating Mali embargo
Senegalese police announced on Saturday that they had arrested and placed in custody two Malians and a Senegalese who were violating the West African states’ […]
Russian gold mine in Faso closed for security reasons
Russian gold producer Nordgold has announced the shutdown for “security reasons” of the Taparko mine, Burkina Faso’s main private mine, located in the north of […]