Latest African Mining News

Toubani Resources has achieved a crucial regulatory milestone with the Environmental and Social Impact Assessment approval for its Kobada Gold Project in Mali, paving the way for on-site development activities.

Predictive Discovery Limited and Robex Resources Inc. have announced a merger to create Guinea’s leading gold producer, targeting over 400,000 ounces of annual gold production by 2029 from a combined resource exceeding 9 million ounces.

Predictive Discovery Limited and Robex Resources have announced a merger to create a leading mid-tier gold producer in West Africa, targeting over 400,000 ounces of annual gold production by 2029. The combined entity, MergeCo, will leverage advanced projects in Guinea and Mali, enhancing scale and capital market presence.

Predictive Discovery Limited and Robex Resources Inc. have agreed to merge, creating a major mid-tier gold producer in West Africa with combined production expected to exceed 400,000 ounces annually by 2029.

Predictive Discovery Limited and Robex Resources Inc. have agreed to merge, creating a mid-tier gold producer in West Africa with combined output expected to exceed 400,000 ounces annually by 2029.

Vanadium Resources Limited has appointed mining entrepreneur Nick Diack as CEO to spearhead the transition of its Steelpoortdrift Vanadium Project towards near-term production, signaling a strategic shift backed by strong industry expertise and performance-linked incentives.

Canyon Resources is fast-tracking its Minim Martap bauxite project in Cameroon, backed by a $140 million debt facility and a $215 million equity raise, aiming for production start in early 2026. The Definitive Feasibility Study confirms strong economics with a project NPV exceeding $830 million and an IRR of 29%.

Lindian Resources has appointed DRA Pacific to lead the Kangankunde Stage 2 Expansion Study, aiming to scale rare earths production amid strong market demand. This move follows the recent Final Investment Decision for Stage 1, targeting first production in 2026.

Orezone Gold Corporation has clarified that it has not received any government request for equity participation in its Bomboré Gold Mine and will resume trading on the ASX. The company also provided updates on its mine expansion and production outlook.

RemSense Technologies posted a 107% revenue surge to $3.44 million in FY2025 alongside a 67% reduction in net loss, driven by operational efficiencies and strong client demand. The company achieved positive cash EBITDA and strengthened its global footprint with Tier 1 clients.

Perseus Mining Limited reported a robust FY25 with a 21.7% revenue increase to US$1.25 billion and a 15.6% rise in profit after tax to US$422 million, driven by higher gold prices despite slightly lower production. The company also declared a final dividend and completed a significant share buyback.

Askari Metals is gearing up for a pivotal shareholder meeting to approve its Ethiopian gold and copper acquisition, while restructuring debt and expanding European investor outreach.