The handover of the Damang Mine represents a significant milestone in Ghana’s mining sector, not merely as a transition of operatorship, but as a demonstration of a regulatory system functioning with integrity, transparency, and purpose. This moment reflects years of commitment to strengthening local participation within the industry, achieved through a structured and legally grounded …
Anzens, issuer of USDA, a dollar-backed stablecoin enabled by cross- border payments infrastructure, has partnered with Credit Bank PLC, a commercial bank licensed by the Central Bank of Kenya, to explore the integration of its solution into the bank’s services. The initiative, which is currently in an exploratory phase and remains subject to ongoing engagement …
Businessman Ibrahim Mahama has announced ambitious infrastructure plans for communities around the Damang Mine, including the construction of an airport, improved road networks, and community sports facilities, following the takeover of the mine by Engineers & Planners (E&P). Speaking after the official handover ceremony, which marked the transition of the mine from Goldfields Ghana Limited …
India’s efforts to secure critical minerals from Zambia have stalled after Lusaka withheld assurances over mining rights, two sources familiar with the matter told Reuters. India received an allocation of 9,000 square kilometres in Zambia last year to explore for cobalt and copper, and dispatched a team of geologists who have since returned with mineral …
The Democratic Republic of Congo has raised planned copper sales to the United States to 500,000 tonnes through a state-backed marketing venture, marking a fivefold increase from its initial January commitment. The deal, first reported by Semafor, is led by state miner Gécamines and marketed through a joint venture with Mercuria Energy Group, with backing …
Gold Fields has outlined key details on the transition of the Damang Mine to the Government of Ghana, as the mining lease approaches its expiry on April 18, 2026. The company says the process is progressing in collaboration with state institutions to ensure operational continuity, job protection, and stability for host communities, while reaffirming that …
Gold edged higher as a renewed push for a diplomatic resolution to the Iran war eased inflation concerns, despite continued tensions around the Strait of Hormuz. Bullion advanced beyond $4,810 an ounce, having lost 1.1% in the previous session. The US and Iran are considering a two-week ceasefire extension to allow more time to negotiate an end …
The government of Ghana has announced temporary measures to mitigate rising petroleum prices, pledging to absorb part of the cost of fuel in response to global market volatility. A statement issued and signed by Spokesperson to the President, Felix Kwakye Ofosu on Wednesday ( April 15), said the intervention will take effect from April 16, …
Underground operations at Newmont’s Cadia mine in New South Wales have been temporarily suspended following seismic activity in the region. The earthquake, recorded at a magnitude of 4.5 by Geoscience Australia, occurred on the evening of April 14 AEST and was centred near the Cadia mining site in the state’s Central West. According to the …
The construction of the Mumbwa Gold Marketing Centre in Zambia’s Central Province has been completed and the facility is now ready for commissioning. Tonlex Investments Limited, the contractor for the project, confirmed the development following an inspection by a team of experts from the Ministry of Mines and Minerals Development ahead of the official handover. …
