Archive for 2014
29 December 2014
Roxgold Provides Financing and Project Development Update
29 December 2014Toronto, Ontario — December 29, 2014 – Roxgold Inc. (TSX.V:ROG) (“Roxgold” or the “Company”) is pleased to announce that it has signed an updated mandate and commitment arrangement with Societe Generale Corporate and Investment Banking (“Societe Generale”) to replace the commitment letter announced on September 30, Read more »
West African Resources executes US$5 million loan facility
22 December 2014West African Resources (ASX, TSXV: WAF) is pleased to announce it has executed final documentation with the Metals & Energy Capital Division of Macquarie Bank Limited (Macquarie) for a two-year US$5 million convertible loan facility (Facility).
The executed documentation follows West African’s announcement on 29th October 2014, that it…
West African Resources executes US$5 million…Read More” Read more »
Inata Gold Mine: SMB poised to take action against the 767…
20 December 2014(Burkina – emine ) – Inata gold Mine workers strike started on 4th December 2014 has entered a new phase.
On Friday, December 12, 2014, the mining company Avocet Mining Plc decreed the end of the strike and evacuated the accommodation sites of national employees.
Striking workers who had illegally occupied the mine making access impossible have been dispersed peacefully.
As a reminder, the negotiations with the workforce representatives initiated by the SMB regarding cost-cutting measures that are essential to continue operations had Read more »
Savary Gold’s And Sarama’s Field Program Discovers 24 New Zones Of Gold Mineralization And Identifies Two New Gold Trends On The Karankasso Jv Project, Burkina Faso
15 December 2014FIVE TO EIGHT KILOMETRES WIDE BY 45 KILOMETRES LONG PROSPECTIVE CORRIDOR FOR GOLD MINERALIZATION
Toronto, Canada – December 15, 2014 – Savary Gold Corp. (TSX-V: SCA) (“Savary”) and Sarama Resources Ltd. (TSX-V: SWA)(“Sarama”) announce new grab sample assay results from a recently completed field program on the Karankasso JV Project in southwestern Burkina Faso (see figure below). The 750 square Read more »
True Gold Reports Temporary Slowdown
9 December 2014True Gold Mining Inc. reports that a disturbance in a local community has resulted in True Gold temporarily halting part of the construction activities at the Karma Project in order to ensure worker safety.
The company is working closely with a delegation from the Burkina Faso Ministry of Mines as well as the regional government to address the community’s concerns and establish a…Read more”
Read more »
Inata Mine Halted By Illegal Strike
8 December 2014Avocet Mining PLC (“Avocet” or “the Company”) announces that it has halted operations at its Inata mine in Burkina Faso due to an illegal strike.
The strike, which commenced at 10.30 pm on 4 December 2014, follows discussions with workforce representatives regarding labour cost reductions that are essential for Inata to continue operations, especially at times of lower gold prices.
The Company is currently continuing discussions with a committee representing the Inata…
Announced review of mining contracts by the transition in Burkina Faso: What is-it really?
5 December 2014(Burkina-emine) – After the establishment of a transitional government in Burkina Faso on Sunday, November 16, 2014, Colonel Aboubacar Ba becomes the head of the Mining Ministry. Soon after that, Reuters announced that the Transitional Government will conduct a review of mining permits. This information has been taken up by different media raising questions / concerns within the mining sector. But what is it exactly? Read more »
SEMAFO Reports Resumption of Operations at Mana Mine: Production Guidance Maintained
3 December 2014Montreal, Quebec, December 3, 2014, 08:00 EST – SEMAFO (TSX, OMX: SMF) reported that operating activities resumed today at its Mana Mine in Burkina Faso. Operations had been suspended on the evening of Saturday, November 29, 2014. Read more »
SEMAFO Reports Illegal Work Stoppage at Mana Mine
2 December 2014Montreal, Quebec, December 01, 2014, 13:00 EST – SEMAFO (TSX, OMX: SMF) reported today that employees began an illegal work stoppage at its Mana mine in Burkina Faso on the evening of Saturday, November 29, 2014. The illegal work stoppage comes in spite of an existing collective agreement that remains in effect until December 31, 2015.
The Corporation has secured the Mana site and is collaborating with union delegates to establish a timely return to normal operations. Read more »
Installing the Minister of Mines and Energy: “The mining files will be scrutinized.”
1 December 2014(Burkina-emine) – The Minister of Mines and Energy of the Transition Aboubacar Ba was settled in duties on Wednesday, November 26th, 2014 at the Ministry of Mines and Energy (MME) conference room in Ouagadougou by the Secretary General of the government and Council of Ministers, Alain Diéri Ouattara.
” We have been invested with a mission by the President of Burkina Faso and the Prime Minister to support the government in a strategic sector of our country. Read more »
SEMAFO Inc Bidder’s Statement Received
1 December 2014Orbis Gold Limited (“Orbis Gold” or “the Company”) advises that it has today received a Bidder’s Statement from SEMAFO Inc. (“SEMAFO”) in relation to its unsolicited offer to acquire100% of Orbis Gold’s issued ordinary shares for cash
consideration of A$0.65 per share (the “Offer”). As previously announced to the market on 16 October 2014, the Offer is conditional…
SEMAFO Lodges Bidder’s Statement for Orbis Gold Secures Credit Facility for its Bid
30 November 2014Montreal, Quebec, November 30, 2014, 21:45 EST – SEMAFO (TSX, OMX: SMF) today lodged its bidder’s statement in respect of its A$0.65 per share cash offer for 100% of the shares in Orbis Gold Limited with the Australian Securities and Investments Commission (ASIC), Orbis Gold and the ASX. A copy of the bidder’s statement may be accessed from the ASX website, www.asx.com.au, under Orbis’ ASX code “OBS”. Read more »
Increasing Zinc Deficit Will Benefit Perkoa Project
29 November 2014(Burkina-emine) – Project Background
Since January 19, 2013, Burkina Faso became the first West African Zinc producing country.
Perkoa project was a joint venture between Glencore Xstrata, Blackthorn Resources (27%), and the Burkina Faso Government (10%). Following the successful commissioning of the treatment plant and commencement of production in May 2013, the Perkoa mine produced its first zinc Read more »
AGM Results: Voting Indicates Shareholder Support
28 November 2014Notice is hereby given, in accordance with Listing Rule 3.13.2 and Corporations Law
Section 251AA(2) that at the Annual General Meeting (“AGM”) of the Company held today that the resolutions as set out below were passed by a show of hands without amendment.
In respect of the resolutions a breakdown of the proxies received is set out below:
SARAMA Resources And ACACIA Mining (Formerly African Barrick Gold) Enter Into Earn-In Arrangement In Burkina Faso
27 November 2014VANCOUVER, CANADA. Sarama Resources Ltd. (the “Company” or “Sarama”) is pleased to announce that it has entered into an agreement with Acacia Mining plc (“Acacia”, formerly known as African Barrick Gold plc) relating to Sarama’s South Houndé Project (the “Project”) in Burkina Faso whereby Acacia will have the option to earn up to a 70% interest in the Project by…
Alecto Minerals: Low Cost Acquisition of the Advanced Kerboulé Gold Project in Burkina Faso
17 November 2014Alecto Minerals plc (AIM: ALO), the AIM quoted mineral exploration company focussed on West and East Africa, is delighted to announce that it has further enhanced its portfolio of gold projects in West Africa by entering into an agreement with Kaizen Discovery Inc. (‘Kaizen’) (‘Agreement’) for the acquisition, by way of all share consideration, of…
Acquisition of the Advanced Kerboulé Gold Project ….Read PDF Read more »
Karma Gold Mine Construction on Time, on Budget
17 November 2014VANCOUVER, B.C. – True Gold Mining Inc. (TSX-V; TGM) (“True Gold” or the “Company”) today provided the following construction and capital expenditure update on the Karma Gold Project (“Karma” or the “Project”): To date, the Company has spent and committed approximately US$51.5 million at Karma, or more than 39% of the Read more »
B2Gold Papillon Resources Limited acquisition: impact on the Burkina projects
14 November 2014(Burkina emine) -The Canadian B2Gold Company headquartered in Vancouver announced October 3, 2014 that its absorption of the Australian Papillon Resources Limited was successfully completed after acquiring all issued common shares of the latter.
Impact of the merger on B2Gold projects in Burkina Faso.
B2Gold Corp. has made a remarkable entry in the mining industry in Burkina Faso through the acquisition of Volta Resources Inc. and its Kiaka gold deposit and sparked Read more »
Political events in Burkina Faso and impact on the mining sector
11 November 2014For several months now the socio-political situation in Burkina was extremely sensitive. The risk that political and social crisis occurs in Burkina Faso was real.
In power for 27 years, President of Burkina Faso, Blaise Compaore was not allowed by the Constitution to contest for presidency in 2015. Many analysts, both national and international, then set the alarm bells ringing on the dangers of an attempt by the president Compaoré to change the constitution in order to stay in power. The Read more »
IAMGOLD Reduces Executive Team by 40% and Takes Further Measures to Cut Costs
10 November 2014TORONTO, Nov. 10, 2014 /CNW/ – IAMGOLD Corporation (“the Company”) announced today that in its continuing efforts to maximize economic returns, the Company has transformed its corporate structure with the primary objective of creating a more efficient and effective organization that embeds agility and scalability Read more »
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