Perseus Mining Limited has announced the sale of its 70 percent group interest in the Meyas Sand Gold Project (MSGP) in Sudan to Hong Kong Matrix Golden Fortune Mining Limited for a total cash consideration of US$260 million. The company said the transaction follows the signing of a Share Purchase Agreement (SPA) between its wholly …
The Ghana Extractive Industries Transparency Initiative (GHEITI) has recommended a reduced mineral royalty regime for small-scale miners, aiming to bring more operators into the formal tax and royalty system. In its statement issued on Friday, March 13, GHEITI highlighted that lowering royalties for small-scale miners would create a favorable business climate for indigenous operators while …
The Ghana Extractive Industries Transparency Initiative (GHEITI) has called on the government to immediately scrap the Growth and Sustainability Levy (GSL), citing the need to reduce the fiscal burden on mining companies resulting from the new royalty regime. Ghana, Africa’s largest gold producer, plans to replace its fixed 5% mineral royalty with a sliding scale …
Many banks and investors are failing to screen for illegal mining risks, even while operating in high-risk sectors, according to a report by the World Wide Fund for Nature (WWF) and financial crime risk platform Themis. The study, shared with Reuters, found that about 40% of surveyed financial institutions do not check for illegal mining …
Resolute Mining has approved a final investment decision for the Doropo gold project in Côte d’Ivoire, clearing the way for construction as the company pushes to lift annual output above 500,000 ounces by 2028. The decision marks a key step in Resolute’s strategy to expand its presence in West Africa and establish itself as a …
De Beers Group has announced the passing of Matome Tsholetsa Malema, CEO of the Minerals Development Company Botswana (MDCB) and a member of the De Beers Board. Malema was appointed to the De Beers Board in 2023, bringing extensive operational expertise gained from his long career at Debswana, where he held various operational roles, including …
CEO of Minerals Development Company Botswana and De Beers board member deadDe Beers Group has announced the passing of Matome Tsholetsa Malema, CEO of the Minerals Development Company Botswana (MDCB) and a member of the De Beers Board. Malema was appointed to the De Beers Board in 2023, bringing extensive operational expertise gained from his …
The United States has roughly two months of rare earth supplies available for military use, a constraint that could influence how long Washington can sustain strikes on Iran, the South China Morning Post reported on Tuesday. Rare earth elements — used in missile guidance systems, fighter jets and radar technologies — are essential components in …
Paymentology, a leading global issuer-processor, has announced a partnership with Chikwama Pay, a pan-African neobank that provides accessible financial services through WhatsApp. The collaboration is set to power Africa’s first WhatsApp-enabled neo-bank with fully integrated borderless payment processing, aimed at delivering secure, seamless and affordable financial services to millions of underserved people across the Southern …
The price of oil has fallen sharply after US President Donald Trump said that the war in Iran would come to an end "very soon". Oil had reached almost $120 a barrel on Monday over fears that the conflict would cause lengthy disruption to energy supplies from the Middle East, but dropped back to around …
