2023-09-10 12:04:00
(Ecofin Agency) – The Ecofin editorial team offers you an overview of the information that may have gone unnoticed this week in the African mining sector. On the menu in particular, progress on graphite and gold projects in Ghana and Ivory Coast.
Ghana: Preliminary economic assessment of Enchi gold project to be updated soon
Newcore Gold announced on September 8 the appointment of Branden Fraser to the position of vice president in charge of projects. To this role, the new leader will bring more than 10 years of global experience in construction and mining operations, to the benefit of the company’s Enchi gold project in Ghana. Newcore has also begun a process aimed at selecting an engineering firm to update the preliminary economic evaluation of this asset.
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Ivory Coast: the Abujar gold mine will deliver at least 75,000 ounces in the second half of 2023
Entering commercial production last July, the Abujar gold mine is expected to deliver between 75,000 and 85,000 ounces over the last six months of the year. This was announced by its owner Tietto Minerals on September 5, specifying that it had recorded production of 11,191 ounces for the month of August.
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Australia remains committed to Africa’s minerals sector
This week the Africa Down Under mining conference took place in Australia, bringing together mining investors, mining companies active in Africa and African governments in particular. During the meeting, Australian Resources Minister Madeleine King highlighted the importance of continued relations with Africa. She highlighted the potential for partnerships between Australia and Africa, particularly in the mining services and technologies (METS) sector.
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Ghana: Kambale graphite project benefits from new local expertise
Castle Minerals, owner of the Kambale graphite project in Ghana, has appointed David K. Renner as a non-executive director of its Ghana subsidiary Kambale Graphite Limited. Mr. Renner is a Ghanaian professional with a 30-year career in mining operations, financing and junior mining development. This appointment aims to accelerate the development of the Kambale project to meet the growing global demand for graphite, essential for lithium-ion batteries in electric vehicles.
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South Africa: negotiations between De Beers and the workers’ union stall
Mining company De Beers still wants to reach a five-year wage deal with the National Union of Mineworkers (NUM). De Beers believes such an agreement would provide stability, given the ongoing transition from open pit mining to the Venetia underground mine. The union, for its part, announced on September 5 the failure of negotiations, in progress since last March, and is preparing its members for an indefinite strike. NUM members are demanding a 9% pay rise, while De Beers is offering just 6%.
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