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Category: Mining Projects

International Corporate News Gold Mining Projects

Triton Minerals to Acquire Promising Gold and Copper Project in Mozambique

Triton Minerals Ltd (ASX:TON) has entered into a binding Memorandum of Understanding (MOU) to acquire up to 80% of the Aucu gold and copper project in Mozambique’s central-west Tete province. Spanning 588 square kilometers, the project is strategically located near existing infrastructure and active gold and coal mining operations. It lies approximately 45 kilometers from Tete, the provincial capital, and just 200 kilometers south of Africa Lion Gold’s Chifunde Gold project. The area’s well-established mining

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Local Mining Projects News

Pensana Secures $3.4 Million U.S. Grant to Boost Longonjo and Coola Projects in Angola

Pensana Plc (PRE.LSE) has announced the successful acquisition of $3.4 million in Technical Assistance grant funding from the U.S. International Development Finance Corporation (DFC), America’s development finance institution. The grant, part of the U.S. BUILD Act, will support feasibility studies aimed at expanding the capacity of the Longonjo mine and advancing the Coola project in Angola. The funds are designated for key projects, which, upon successful completion of feasibility studies, could receive additional loan funding

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International Gas Mining Projects

Nigeria and Equatorial Guinea Forge New Gas Pipeline Agreement

On August 14, 2024, in Malabo, Nigeria’s President Bola Tinubu and Equatorial Guinea’s President Teodoro Mbasogo signed a significant agreement on the Gulf of Guinea Pipeline Project, enhancing their collaborative efforts for mutual development. This agreement is a key element of South-South cooperation, aimed at leveraging the rich gas reserves in the Gulf of Guinea, estimated at approximately 300 trillion cubic feet (tcf). Currently, six countries in the region—Nigeria, Côte d’Ivoire, Angola, Gabon, the Republic

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Diamonds Gold Mining Mining Projects

Angola Advances Gold and Diamond Projects Amid Expansion of Mining Sector

Angola is currently undertaking 38 gold prospecting projects worth $120 million and is developing a refinery expected to be operational by 2025, according to the Minister of Mineral Resources, Oil, and Gas. The announcement was made during the 1st edition of “Conversations without Makas,” an event promoted by economist Carlos Rosado de Carvalho. “We are building a gold refinery in Luanda. Production is still very small, but the potential is great in several provinces,” the

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Local Gold Mining Projects News

Angola’s Mining Sector Poised for Growth in 2024

Angola is set to significantly boost its revenue streams with the commencement of production at the Lombe Mining and Mapele gold exploration projects in Cabinda and Huíla provinces this semester. These projects recently received prospecting approvals from the National Agency for Mineral Resources (ANRM). According to the ANRM’s report, a subsidiary of the Ministry of Mineral Resources, Oil and Gas, four new exploration projects for ferrous and non-ferrous metals are expected to enter production by

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International Gold Mining Projects

Côte d’Ivoire Awards Mining Permit for Koné Project to Montage Gold Corp

The Council of Ministers of Côte d’Ivoire has awarded a mining permit for the Koné project to Montage Gold Corp, marking a significant step forward for the company in the region. Montage received mining permits covering a total area of 357 sq km for both its Koné and Gbongogo deposits, valid for 20 years and 8 years respectively. These permits include several advanced high-grade exploration targets, offering opportunities to extend the mine’s life through successful

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Local Mining Projects News

Pensana Appoints Luigi Bruni as Construction Manager for Longonjo Rare Earths Project

Rare earths mining company Pensana has announced the appointment of Luigi Bruni as the construction manager for the site team at the Longonjo rare earths project in Angola. Bruni brings extensive experience to the project, having served as construction manager for 15 international mining and oil and gas projects over the past 20 years. Recently, containerized accommodation facilities for 350 personnel arrived in Angola from South Africa via sea, rail, and road. The successful confirmation

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Local Exploration Mining Mining Projects News

ANPG to Launch Geological Mapping Project in Etosha/Okavango Basin

The National Oil, Gas and Biofuel Agency (ANPG) is gearing up to launch the first phase of a significant project in southern Angola. The initiative, titled “Geological Mapping and Demining Study Project,” will focus on the Etosha/Okavango Basin, spanning the provinces of Moxico, Cuando Cubango, and Cunene. This project aims to assess the oil and hydrocarbon potential within the basin. Initial areas of interest include Chiedi in Namacunde municipality and Ruacana in Curoca, both located

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Local Exploration Mining Mining Projects News

Pensana Applauds Angola’s Policy Advancements and Rising Exploration Potential

London-listed Pensana has praised the Angolan government for its attractive policies and growing interest in the country’s exploration potential. This comes as Angola saw a notable improvement in its ranking to 47th out of 86 countries in the 2023 Investment Attractiveness Index, up from 59th out of 62 countries in 2022. The Investment Attractiveness Index, produced annually by the Fraser Institute, combines the Policy Perception Index and the Best Practices Mineral Potential Index. It evaluates

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Local Mining Mining Projects News

Pensana Rare Earths Reports Promising Test Results from Sulima West Deposit

Pensana Rare Earths has announced promising initial results from beneficiation testwork on samples from the Sulima West deposit, part of the Coola exploration licence, located 75 km north of Longonjo in Angola. The testwork aims to assess whether the mineralogy at Sulima West can be upgraded on-site before transporting the material to Longonjo for further processing. The company reported that both tested samples show potential for separation and upgrading to a high-grade concentrate using simple

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