Category: Gold

Newmont Corp. has commenced the process of selling its Akyem gold mine in Ghana, with Chinese producers expressing early interest in the asset as gold prices soar, according to sources familiar with the matter. The disposal of the Akyem mine is being facilitated by Citigroup Inc., who has begun reaching out to potential buyers, including Shandong Gold Mining Co. and Zijin Mining Group Co., among others. Chifeng Jilong Gold Mining Co. and Australian miner Perseus Mining are also reportedly considering the acquisition. While discussions are in the preliminary stages, it’s… Read More Here

The Burkina Faso Council of Ministers has endorsed the draft decree for the issuance of a mining permit to ASX-listed West African Resources for the Toega gold deposit. As per the Mining Code of Burkina Faso, the license will be granted to a local company, 90%-owned by West African Resources and 10%-owned by the State, spanning an initial eight-year period. This approval marks a significant milestone for the commencement of mining operations at the Toega open-pit gold deposit, following the acquisition of Toega’s environmental permit in 2023. With gold resources… Read More Here

Theta Gold, a mining company, announces that it has obtained all necessary approvals to initiate mining activities at Mining Right (MR) 83, encompassing the Beta, CDM, and Frankfort mines, located in South Africa’s Mpumalanga province. “We are delighted to confirm that MR 83 has secured all requisite permits, marking a significant milestone for potential project financing as previously disclosed,” stated Theta’s chairperson, Bill Guy. “With this accomplishment, our focus shifts to finalizing funding arrangements and collaborating with our chosen engineering, procurement, and construction contractor to construct the gold processing plant.”… Read More Here