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Category: Gold

International Exploration Gold Mining Projects News

Kefi Advances Tulu Kapi Gold Project in Ethiopia

Exploration and development company Kefi Gold and Copper (Kefi) has progressed with preparations to launch the Tulu Kapi Gold Project in Ethiopia. The launch is slated for mid-2024, with production expected to begin in mid-2026. Kefi secured commitments for a $320 million development budget from project partners and debt providers including the Ethiopian government, the Eastern and Southern Trade and Development Bank and Africa Finance Corporation. Final approvals for the funding are anticipated this May.

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International Gold Mining Projects News

Endeavour Mining Starts Gold Production in Senegal

Multinational company Endeavour Mining has poured the first gold at its Sabodala-Massawa BIOX Expansion project in Senegal, completing construction in just 24 months. Commercial production at the expansion project is slated to commence late in Q2 2024, with a capacity expected to reach 1.2 million tons per year by Q3 2024. The inaugural gold pour took place on April 18, 2024, yielding approximately 112 ounces, while the BIOX circuit followed suit on April 28, 2024,

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International Gas Gold Mining Projects News

Invictus Energy Partners with Himoinsa and Dallaglio for Gas-to-Power Project in Zimbabwe

Invictus Energy, an independent upstream oil and gas company, has inked a Memorandum of Understanding (MoU) with Himoinsa Southern Africa Proprietary Limited and Dallaglio Investments Pvt Ltd. The agreement aims to develop a gas-to-power project to supply electricity to the Eureka Gold Mine in Zimbabwe. Under the partnership, Invictus Energy will provide feedstock from its Cabora Bassa Project to fuel a proposed 12MW gas-to-power plant, which will be constructed by Himoinsa. The electricity generated from

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Local Exploration Gold Mining News

Gold Exploration in Angola Shows Promising Growth

Gold exploration in Angola has seen significant progress, occupying 4.9 percent of the national territory and generating over $10 million in revenue from 2021 to 2023, according to data from the Department of Standardization and Good Practices of the Regulation and Markets Directorate of the National Mineral Resources Agency. Jornal de Economia & Finances reported that 38 mining titles have been issued for gold prospecting in provinces including Huambo, Huíla, and Cabinda, with 11 mining

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Gold Economy Local News

Angola’s Gold Refinery Project Marks Strategic Step in Mineral Sector Development

The construction of the Gold Refinery in Luanda, spearheaded by GeoAngol, a subsidiary of Endiama, received significant attention on Thursday, highlighted as a priority action by the Angolan Executive for the Mining Sector, as declared by Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo. Speaking at the opening of a seminar on “Mineral Resources and the Gold Mineral Value Chain in Angola” in Huambo, Azevedo emphasized the importance of refining gold locally to add

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Local Gold News

Gold Refinery in Luanda Nears Completion, Expected to Open in 2025

The Gold Refinery project in the municipality of Viana, Luanda, is on track for completion, with expectations of inauguration in the first half of 2025, announced Domingos Baptista, the general director of Geoangol. Speaking at the Workshop on Mineral Resources and the Gold Value Chain in Huambo province, Baptista stated that the construction progress stands at 50%, with anticipation for completion by the end of the year. Baptista emphasized that the refinery project involves 23

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International Exploration Gold News

Shanta Gold Reveals Encouraging Exploration Results for West Kenya Project

Aim-listed gold producer Shanta Gold has announced promising findings in its latest exploration update for the West Kenya project, covering the fourth quarter of last year and the first quarter of this year. CEO Eric Zurrin highlighted the progress, stating, “At Ramula, the reported assays provide valuable insights for converting inferred resources to indicated category resources. Meanwhile, encouraging results from our early-mid-stage targets at both Miruka and Anomaly 22 affirm the presence of economic range

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Economy Gold Mining Oil

Nigeria’s mineral wealth offers economic growth beyond oil

Mining minerals presents Nigeria with an opportunity to diversify its economy away from its heavy reliance on oil exports. Africa’s most populous country (228mn people) has an abundance of mineral resources. It boasts more than 40 mineral deposits — including kaolinitic clay, gold, gypsum, iron ore, lead, zinc, phosphate and tin across more than 500 sites in its 36 states. Baryte, bitumen, coal, gold, iron ore, limestone, lead, zinc and coal have been identified by

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International Gold

Manica’s Private Sector Calls for Gold Refinery Installation in Mozambique

Alcides Cintura, President of the Manica Business Council (CPE), underscored the imperative need for establishing a gold refinery in central Mozambique to bolster the province’s economic landscape and enhance the organization of the mining sector. Highlighting the abundance of mineral resources, including gold and precious stones, in districts like Manica, Gondola, Báruè, Macossa, Guro, and Vanduzi, Cintura emphasized the urgency of regulating their exploitation, which currently operates largely without oversight. “The establishment of a refinery

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Gold Economy Local News

Angola’s Mineral Secretary Optimistic on Gold Production and Refining

The Secretary of State for Mineral Resources, Jânio Correia Victor, expressed optimism about Angola’s gold production and refining capabilities during a recent address in Luanda. He highlighted significant strides made in gold production in provinces like Cabinda, Huíla, and Huambo, and emphasized the imminent completion of the Luanda Gold Refinery. Victor asserted that these developments lay the groundwork for the mineral sector to contribute substantially to the country’s revenue in the coming months. Speaking at

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