Alternative Mining Indaba 2024: Civil society explores the contribution of transition minerals to communities and women
Civil Society is organising Alternative Mining Indaba (#AMI2024) from 5 to 8 February 2024, at the Double Tree Hilton, Cape Town, South Africa in conjunction with the Investing in African Mining Indaba. The theme of #AMI2024 is "Minerals of the Energy Transition: Communities First for an Inclusive and Feminist Future".Alternative Mining Indaba is a global platform that brings together...
South Africa: Transparency in the granting of permits following the introduction of a new tool
The backlog of applications has been clearedOut of 2,000 applications received, 268 prospecting rights, 85 renewals and 190 operating licences granted2023 was a difficult year for the African mining industry due to international and national factorsOn the energy front, national energy and logistics crisis committees made up of private and public sector representatives were set up1,312 generating facilities with...
Mali: with more than 2.61 tonnes, Hummingbird has achieved its 2023 forecasts at the Yanfolila gold mine
On Wednesday 31 January 2024, the British company Hummingbird, based in Yanfolila, Mali, announced that it had achieved its 2023 production targets, with 83,965 ounces (2.61 tonnes) of gold delivered. This is a first for 4 consecutive years.By delivering 2.61 tonnes of gold, the Yanfolila gold mine has reassured its owner Hummingbird Resources, which had forecast production of between...
Nigeria: EITI raises concerns over NNPC’s 20% stake in Dangote refinery
On Tuesday 23 January 2024, Nigeria's Extractive Industries Transparency Initiative (EITI) raised concerns about the Nigerian National Petroleum Company's (NNPC) 20% stake in the Dangote Petroleum refinery. Regarding the clauses of the contract, the EITI states that many questions remain unanswered, particularly in relation to loans secured by crude oil.In August 2021, NNPC, with the approval of former President...
Ministry of Mines: Coris Invest Group wants to invest in the mining and renewable energy sector
On Monday 29 January 2024, the Minister of Energy, Mines and Quarries, Yacouba Zabré Gouba, received in audience a delegation from Coris Invest Group, led by its founding Chairman Idrissa Nassa. The meeting revealed that Coris Invest Group intends to invest in the mining and renewable energy sectors."We told the minister of our intention to invest in the mining...
Togo: Risks of corruption in the extractive sector identified by the EITI
The Extractive Industries Transparency Initiative (EITI) has published its report on Togo for the year 2021, but adopted in December 2023. Entitled "Anti-corruption EITI Togo", the report reveals the risks of corruption associated with the Togolese extractive sector due to the flaws and largesse identified in the institutions responsible for controlling the sector, collecting revenues and granting operating licences."On...
Mining Indaba 2024: more than 8100 participants to discuss the future of the African extractive sector
Investing in African Mining Indaba 2024 will take place from 5 to 8 February 2024 in Cape Town, South Africa. Cyril Ramaphosa, President of the Republic of South Africa, is expected to deliver the keynote address at the opening ceremony. He will be joined by Zambian President Hakainde Hichilema and the Prime Minister of the Democratic Republic of Congo...
Togo: The extractive sector brought in 19 billion FCFA for the State in 2021
Togo's extractive sector brought in a total of 19.84 billion FCFA in revenue to the public treasury in 2021. These are the findings of the "Togo EITI Anti-Corruption Report" published in December 2023 by the Extractive Industries Transparency Initiative (EITI). The report compares revenues collected in 2021 with those collected in 2020.Togo's revenues from the extractive sector are expected...
Senegal: Mining companies paid 1231.23 billion FCFA for goods and services in 2022
Revenues from local content valued at 1231.23 billion FCFA in 2022. These goods and services were paid for by Senegalese companies in the amount of 349.201 billion FCFA (28.36%), compared with 882.029 billion FCFA (71.63%) for foreign suppliers. These figures come from the National Local Content Monitoring Committee and are published in the 2022 report of the Extractive Industries...
Burkina Faso: The Bissa Gold mine announces a plan to reduce its staff numbers
On 31 January 2024, Bissa Gold announced a plan to reduce its workforce. Bissa Gold, which is operated by the Russian company Nordgold, wants to let go some of its staff for economic reasons.The announcement was made on 31 January 2024 by the Director of Human Resources in a memo sent to workers.In his memo, he stated that it...
