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Mining Weekly | Africa

19 March 2024

The latest mining world news and project information from Africa. providing updates on the progress of future, new and existing projects. Developments in mining legislation, policies, investments and infrastructure will be highlighted
  • Sandfire announces $200m credit line
    Australia-headquartered Sandfire Resources on Tuesday announced a $200-million corporate revolver facility (CRF), with some of the proceeds going towards paying off a facility linked to its Matsa acquisition in Spain. The company established the CRF under a syndicated facility agreement with Australia and New Zealand Banking Group, Citibank, Natixis and Societe Generale.
  • GoviEx appoints FEED contractor, starts initial ground works at Niger project
    TSX-V-listed GoviEx Uranium has appointed SGS Bateman to undertake the front-end engineering design (FEED) for the Madaouela mine, in Niger. The project is also moving forward with initial ground works, including the construction of an access road, which will be followed by comprehensive site clearance and terracing, and then initial civil engineering construction.
  • Mining operations at Hummingbird’s Kouroussa mine temporarily suspended
    The principal contract miner at Aim-listed Hummingbird’s Kouroussa gold mine, in Guinea has temporarily suspended mining operations as of March 17 as a result of various contractual disputes. Hummingbird says the contract miner’s action is in breach of the mining contract.