(Agency Ecofin) – At the assessment of the facts that have marked the African mining industry in recent days, West Africa has been at the heart of the dynamics with several notable developments in Ghana, Côte d’Ivoire and Burkina Faso. And gold continues to shine …
In Mali, Toubani is waiting for a loan of $ 160 million for his Kobada gold project
On Wednesday, April 30, Toubani Resources announced the signing of a memorandum of understanding with A2MP Investissements, a subsidiary of the Singapourian company Eagle Eyet Holdings. This partnership provides for the granting of a loan of $ 160 million in Toubani to finance the construction of the Kobada gold mine. The final investment decision (FID) of the project is expected by the end of 2025, with the aim of developing an asset capable of producing 42 tonnes of gold over 9.2 years, for an initial investment estimated at $ 216 million.
04/30/2025 – Toubani is waiting for a Singaporean loan of $ 160 million for a Kobada gold project in Mali
Tanzania: Perseus provides $ 523 million to build their Nyanzaga gold mine
Perseus Mining announced the making of the final investment decision (FID) for his nyanzaga gold project in Tanzania. In detail, the company plans to invest $ 523 million to build the mine, the first golden casting of which is scheduled for the first quarter of 2027. Nyanzaga should deliver approximately 2 million ounces of gold over a lifespan of 11 years, with an average annual production of 200,000 ounces.
04/28/2025 – Perseus wants to unlock $ 523 million to build the Nyanzaga gold mine in Tanzania
The Burkinabè government wants to nationalize more gold industrial mines
-After the acquisition of the mines of Boungou and Wahgnion, the Burkinabè authorities intend to nationalize other golden industrial mines. This project, reaffirmed by Rintalba Prime Minister Jean Emmanuel Ouédraogo during a television interview on April 28, aims to maximize the economic benefits of mining for the country. This strategy is also part of a broader approach to strengthen local content in the sector.
04/29/2025 – Burkina Faso wants to nationalize more gold mines (Prime Minister)
In Ghana, Gold Board wants to buy 20 % of the gold industrial production of 9 companies
Gold Board announced, Wednesday, April 30, the signing of an agreement with nine mining companies for the purchase of 20% of their industrial gold production. The objective, according to its director Sammy Gyamfi, is to strengthen the gold and currency reserves of the Bank of Ghana. As a reminder, this public organization has become, since May 1, the regulator of the artisanal gold sector in Ghana. It now acts as the only interlocutor of gold traders and issues licenses for purchase and sale on the local market.
04/30/2025 – Ghana: Gold Board wants to buy 20 % of the gold industrial production of 9 companies
Mining resolute invests $ 175 million to acquire the golden doropo project in Côte d’Ivoire
Resolute Mining announced, Thursday, May 1, the acquisition of the Doropo gold project in Côte d’Ivoire for $ 175 million, to pay Anglogold Ashanti. This is the largest investment of the Australian company in the country, where it takes over from the group based in London on all of its assets, including the ABC project. According to a final feasibility study (DFS) published in 2024, Doropo can deliver an average of 167,000 ounces of gold per year over 10 years, at an estimated development cost at $ 373 million.
05/01/2025 – The Australian Resolute invests $ 175 million in Doropo gold in Côte d’Ivoire
