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Mali's Gold Production Expected to Remain Below 60 Tons Annually Through 2029

Mali's Gold Production Expected to Remain Below 60 Tons Annually Through 2029

Mali's industrial gold production is projected to stay below 60 metric tons annually until 2029, according to a plan by the country's mines ministry. This forecast follows the implementation of a revised mining code and ongoing disputes between the state and mining companies. The plan anticipates production to be led by major operations such as B2Gold's Fekola mine and Barrick's Loulo-Gounkoto complex. Despite these projections, Mali's artisanal and small-scale production is expected to remain steady at about six tons annually. The revised mining code, introduced in 2023, aims to increase state revenues but has also led to disputes affecting investor sentiment and production levels.
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Laramide Resources Evaluates $741 Million Value for Queensland Uranium Project Amid Mining Ban

Laramide Resources Evaluates $741 Million Value for Queensland Uranium Project Amid Mining Ban

Laramide Resources has released an updated study valuing its proposed Westmoreland uranium mine in Queensland, Australia, at approximately $741 million. This valuation nearly doubles the previous estimate from a decade ago, reflecting changes in market assumptions and project parameters. The study, which uses a 7.5% discount rate and a long-term uranium price of $90 per pound, projects a 33% internal rate of return and a payback period of about 2.5 years. Despite the promising financial outlook, the project faces significant hurdles due to a longstanding ban on uranium mining in Queensland. Laramide is prepared to file a mining lease application once permitted by the state government. The project is envisioned as an 11-year open-pit operation, processing 2.9 million tonnes of ore annually, with an average annual production of about 4.9 million pounds of uranium oxide.
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New Mexico Faces Water Scarcity Amid Economic Challenges

New Mexico Faces Water Scarcity Amid Economic Challenges

New Mexico is grappling with severe water scarcity, impacting its economic stability. The state relies heavily on oil, farming, and tourism, but water shortages threaten these industries. Residents near Albuquerque are experiencing dry wells, forcing them to truck in water. The Elephant Butte Reservoir is at a mere 2% capacity. Despite these challenges, there is hope for economic diversification. The presence of a large data center by Meta highlights the tension between technological expansion and water conservation. The state is exploring ways to balance economic growth with sustainable water management.
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Alliance of Sahel States Bids to Host 2032 Africa Cup of Nations Amid Security Concerns

Alliance of Sahel States Bids to Host 2032 Africa Cup of Nations Amid Security Concerns

Alliance of Sahel States Bids to Host 2032 Africa Cup of Nations Amid Security Concerns
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Sahel States Progress in Bid to Host 2032 Africa Cup of Nations

Sahel States Progress in Bid to Host 2032 Africa Cup of Nations

Sahel States Progress in Bid to Host 2032 Africa Cup of Nations
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Black Sea Attacks and Oil Rally Drive Grain Prices to New Highs, Raising Food Inflation Concerns

Black Sea Attacks and Oil Rally Drive Grain Prices to New Highs, Raising Food Inflation Concerns

Black Sea Attacks and Oil Rally Drive Grain Prices to New Highs, Raising Food Inflation Concerns
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South Africa Faces Challenges in Iron-Ore Sector Amid Global Demand

South Africa Faces Challenges in Iron-Ore Sector Amid Global Demand

South Africa, along with Guinea and the Democratic Republic of Congo, is poised for significant growth in its iron-ore sector due to large reserves and increasing global demand, particularly from China. However, the country faces several challenges that could hinder its competitiveness. These include issues with rail and port infrastructure, power supply, regulatory delays, and uncompetitive steel imports. The mining advisory firm Mineral Insights highlights the need for improved infrastructure and the adoption of new technologies to enhance efficiency and competitiveness. The focus is on producing high-grade iron-ore for low-carbon steel, which is in demand globally due to its lower emissions during production. The firm also emphasizes the importance of beneficiation to create value-added products, which could boost export earnings and industrial growth.
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Resolute Mining Ltd Focuses on Gold Production in Africa

Resolute Mining Ltd Focuses on Gold Production in Africa

Resolute Mining Ltd Focuses on Gold Production in Africa
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Angola Secures $900 Million Chinese Investment for Port Development

Angola Secures $900 Million Chinese Investment for Port Development

Angola has secured a $900 million investment from Huatong Angola Industry for the development of a new port terminal at Barra do Dande. The agreement, signed in Luanda, involves the construction and operation of the terminal, which is expected to become a major gateway for goods produced in the surrounding free trade zone. The project aims to enhance Angola's logistics capacity and support industrial expansion by improving regional transport connections. The investment will be implemented in phases, with the first phase expected to be completed in 24 months.
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Alkane Resources Reports Record Cash Flow and Proposes Maiden Dividend Amid Strong Production

Alkane Resources Reports Record Cash Flow and Proposes Maiden Dividend Amid Strong Production

Alkane Resources Reports Record Cash Flow and Proposes Maiden Dividend Amid Strong Production
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Ethiopia Launches $10 Million Golden Visa to Attract Foreign Investment

Ethiopia Launches $10 Million Golden Visa to Attract Foreign Investment

Ethiopia has announced the launch of a Golden Visa program requiring a minimum investment of $10 million, the highest threshold in Africa. The program aims to attract high-value foreign investment by offering a 10-year residence permit. Investors committing $5 million may also qualify if their projects create significant local employment. The initiative is part of Ethiopia's strategy to boost its economy by drawing in substantial foreign capital. The program has received legal approval and is set to begin during the 2026/27 fiscal year.
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Kingfisher Metals Secures Strategic Investment from Barrick, Boosting Shares

Kingfisher Metals Secures Strategic Investment from Barrick, Boosting Shares

Kingfisher Metals Secures Strategic Investment from Barrick, Boosting Shares