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@Vaughan Ore has been left for dead, no doubt
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@MiningBookGuy Kenya Oil Industry: Tullow discovers new oil well in northern Kenya https://www.youtube.com/watch?v=lyoWNWMsv18+ $TLW.L #Kenya #oil #discovery ~AUfrica
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@MiningBookGuy Senegal-Ghana Ties: Two presidents discuss regional security, ECOWAS https://www.youtube.com/watch?v=oLoCTIKMHto+ #Senegal #Ghana #WestAfrica #ECOWAS ~AUfrica
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@MiningBookGuy DRC Ebola Outbreak: Government confident the virus can be contained https://www.youtube.com/watch?v=_XQaKx2K-7Q+ #ebola #DRC #Congo ~AUfrica
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@Excelsior Canada’s $TV Trevali picks up $GLEN.L Glencore #zinc mines in #Africa Shareholders have approved the planned #acquisition, worth about $400 million. Cecilia Jamasmie | about 5 hours ago #Index ~AUfrica http://www.mining.com/canadas-trevali-picks-glencore-zinc-mines-africa/
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@MiningBookGuy Congo plans to re-introduce mining code revision next week http://www.reuters.com/article/us-congo-mining-idUSKCN18F0XD h/t @sndwky #DRC #Congo #MiningCode ~AUfrica #index
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@MiningBookGuy Tanzania: Acacia Mining to Lay Off 100 Employees, Close Buzwagi http://allafrica.com/stories/201705190076.html $ACA.L #Tanzania #gold #Buzwagi ~AUfrica This is close to the original plans...but perhaps accelerated because of ongoing tension between $ACA.L and #Tanzania government.
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@MiningBookGuy French President Macron's first non-Europe trip focuses on fighting extremism https://www.youtube.com/watch?v=Eh8kaiGOFJA+ #Macron #France #Mali #WestAfrica #FrancophoneAfrica ~AUfrica
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@MiningBookGuy Chinese Foreign Minister Wang Yi heads to Africa https://www.youtube.com/watch?v=0ZyIIZXpb7g+ #China #Africa ~AUfrica "The Chinese Foreign Minister has embarked on a trip to Africa. The five-day visit will see him tour #Mauritania, #CapeVerde, #Mali and Cote d'Ivoire ( #IvoryCoast ). This is Wang Yi's second trip to the continent this year. The first was in January, where he toured #Madagascar, #Zambia, #Tanzania, the Republic of Congo ( #CongoBrazzaville ) and #Nigeria. The visits are aimed at boosting Sino-African relations. They follow the recent conclusion of the One Belt, One Road Forum in Beijing ( #OneBeltOneRoad ). The initiative plays a vital role in developing African #infrastructure and economies. It also complements the African Union's Agenda 2063, which aims to integrate the continent and to develop sustainable economies."
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@MiningBookGuy DR Congo health officials: Fourth death reported, 37 cases confirmed https://www.youtube.com/watch?v=nHuL6kHutPI+ #ebola #DRC #Congo ~AUfrica
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@MiningBookGuy Malian prime minister hails China's role in international affairs https://www.youtube.com/watch?v=IAREinmwrNM+ #Mali #China #infrastructure ~AUfrica
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@MiningBookGuy Chinese foreign minister vows support to Cote d'Ivoire https://www.youtube.com/watch?v=GCVWgB3s_po+ #IvoryCoast #China ~AUfrica
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@MiningBookGuy Egyptian president's profile boosted after Trump praises him https://www.youtube.com/watch?v=ODZU-dI0h-0+ #Egypt #ElSisi #Trump #MiddleEast ~AUfrica
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@MiningBookGuy $ACA.L Acacia Mining share price plummets after eagerly awaited report alleges firm hid exports http://www.cityam.com/265352/acacia-mining-share-price-plummets-after-eagerly-awaited ~AUfrica #index $ACA.L absolutely hammered today! Interesting how no one has mentioned this yet. Terrible 'news' for the company, not good for #Tanzania either.
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@FundamentalAnalysis $ACA.L hammered again down 11%..... see @MiningBookGuy I was paying attention :p
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@MiningBookGuy @FundamentalAnalysis - $ACA.L up a bit today as they try to 'hit back' at #Tanzania allegations: http://www.acaciamining.com/~/media/Files/A/Acacia/press-release/2017/update-on-presidential-committee-report_20170526.pdf Still very complicated/dangerous situation, and interesting to follow. ~AUfrica
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@MiningBookGuy Exclusive: Signs of more trouble in Ivory Coast as hidden hand saves mutineers http://www.reuters.com/article/us-ivorycoast-military-exclusive-idUSKBN18L2HP #IvoryCoast #mutiny #cocoa ~AUfrica interesting details here. speculation on 'what it means' for the future...but very hard to tell if this impacts foreign investment over the next few years. i will continue to follow closely
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@MiningBookGuy @marketwired/orca-gold-discovers-additional-water-resource-and-makes This is truly fantastic news for $ORG, and I'll add a few additional comments, because I think it's hard for someone new to the story to understand the significance here: -there have always been 2 big hurdles for $ORG: 1. jurisdiction risk/perception with #Sudan 2. #water problems -with this NR, we have completely wiped out the 2nd risk! I trust that this management team really has found the 'holy grail' in terms of putting the water issue to rest. This is a HUGE surprise to the upside. Based on previous presentations and my brief discussions with management, I was expecting any water discovery to allow for throughput to increase from 1.8Mtpa to roughly 2.3-2.4Mtpa. This still would have gotten annual gold production through the 100k oz/year threshold, which was already key -well instead of this, we blow right through 2.4Mtpa, all the way to 3.4Mtpa, crazy! HUGE, improvement, and as you scan the NR, you can see 135k oz/year gold production over the life of the mine, and 146k oz/year over the first 5 years. Again, this is HUGE! -I am 100% sure this will turn heads in the industry, but not as sure how long it will take for new potential investors (like retail at CEO.CA) to understand the significance here. There is 'likely' to be a removal of US sanctions by July on #Sudan. IF that happens, I think this project will REALLY get attention. But even if it doesn't, I am sure many mid-tiers are going to get really interested in $ORG (some examples being $TGZ or $EDV, especially since they are already focused in #Africa). In fact, $EDV might just now be getting interested, because these project economics now rival their other mines. -One question mark for me: A bit weird to go straight from PEA to DFS. I understand the reasons to rush. I also think it's important to realize the PEA seemed 'relatively conservative', because most of the ounces were already at least in the 'indicated' category, and NOT 'inferred' like many other PEAs. But this is an area where we need to trust managements experience/expertise to some degree, and it obviously helps seeing the #RedBack track record. Ok, long enough for now. Oh, make sure to compare the project NPV to current $ORG market cap. Crazy gap...AND don't forget $ORG has prime #ivorycoast exploration properties! I am 'very confident' this is now the 'best value' in the mining space for gold projects around the world (let alone #Africa), not at all reliant on the gold price needing to move up. I'll also tag #mbgtrends as this fits with many of our discussions in that room. ~AUfrica
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@MiningBookGuy This Key Gold Nation Just Escalated Its Fight With Miners http://piercepoints.com/mining-investment-exploration-tanzania-acacia-copper-gold-exports-concentrate/ #Tanzania #gold $ACA.L $ABX @PiercePoints #PiercePoints ~AUfrica #index Last Paragraph: "Amid such headwinds, Acacia and Barrick both said they may have to shut down the Tanzanian mines altogether. Which would be a significant blow to production for both companies — and to global gold supply. Watch for any last-minute reprieves from the government, and for announcements on next steps for these operations."
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@Excelsior #Miners frozen out as #SouthAfrica readies empowerment rules Bloomberg | about 2 hours ago ~AUfrica #Africa #Index http://www.mining.com/web/miners-frozen-south-africa-readies-empowerment-rules/
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@HHorseman @Excelsior What a shit show #SouthAfrica has become. "transform the ownership of South African mining assets” while ensuring the industry remains “globally competitive.”, Yeah good luck with that. If anything, this kind of development may lead to an additional pinch in the physical market. Good find!
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@FundamentalAnalysis @HHorseman @Excelsior talk about disaster and corruption. The people who set these rules are doing so to keep profits ultimately for themselves, not to spread around for blacks in general, and they use what's happened historically as a tool to do that and make it appear "nicer". I think its important to pay attention to gdp, gdp per capita, current account balances, capital account balances and in turn foreign currency strength versus the dollar etc....that tells you to what extent a country is ok or suffering. Commodity dependent countries, which have poor/deteriorating foreign investor relations, turn to resource nationalisation to prop up their own finances. #SouthAfrica
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@MiningBookGuy @Excelsior @HHorseman @FundamentalAnalysis - good #SouthAfrica comments in ~AUfrica panel! Posting a new piece in a minute that adds to the conversation
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@MiningBookGuy These Secret Emails Signal Big Problems For South Africa Mining http://piercepoints.com/mining-investment-exploration-south-africa-charter-chamber-mines-gupta-email/ #SouthAfrica #Zuma #SecretEmails #corruption #mining #Africa ~AUfrica #Index @PiercePoints #PiercePoints Last Paragraph: "If substantiated, these messages provide strong evidence that South African mining officials have been compromised — and could lead to a complete backlash against the ministry, and its policies. Watch for more developments on potential action against these politicians, for the release of new details on the mining charter, and the ensuing reaction from miners."
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@Excelsior Hi @FundamentalAnalysis - Sorry for the delayed response on $TGZ, but I've been in meetings all day and just got time to check in on market news and how the ceo.ca crew was doing. Sabodala is Teranga's main producing asset & plant in #Senegal, and it is projected to be a long-life low cost mine for the company. They have exploration upside around this mine at their Niakafiri, Goumbati West and Golouma North targets, and about 25 km away the Marougou & Doughnut deposits that show potential and were drilled in years past. Many of their projections show the Sabodala complex continuing to produce for 10+ years out, so there remains all that upside into an appreciating Gold price in coming years. Up until about a year ago, that was the value proposition for $TGZ, and I owned some shares back in 2016, {prior to the their #acquisition of Gryphon Minerals}, because Teranga was a well run company and I believed it was undervalued compared to peers. Even today it is only about 1/3 of the NPV and EV of many similar sized peers doing 200,000 ounces per year. In #WestAfrica I had watched the #takeover of True Gold by $EDV Endeavour, and Amara by $PRU Perseus, and I had a position in Gryphon Minerals because I projected they'd be the next good #takeout candidate. Last year when the news broke of their merger I was thrilled with the business combination, but the timing stunk (carried out from Aug-October of last year as the #Gold #producers cratered in price.... so nobody cared). Most gold mid-tiers producers have been stuck in the downward momentum since last summer, and the market never re-rated Teranga for picking up a huge pipeline of projects from their #Takeover of Gryphon's asset base. Their flagship project was the advanced Banfora along with exploration projects at Golden Hill & Gourma and a few assets peppered around #CotedIvoire. Teranga plans to finish their Banfora #FeasibilityStudy this year and make their construction decision after that for build out of the open pit in 2018, and production in 2019. You asked about #Exploration upside at Banfora, and here is the company's position on it (mostly focused on Kafina West and Hillside). "There is potential to add reserves at depth and along strike in each of the deposits, and through a number of exploration targets located on the highly prospective land package, each of which is within trucking distance of the proposed mill. Numerous district targets have been advanced by Gryphon’s exploration group in the extensive land package." In addition, there is upside in Gourma with proximity to Semafo in #BurkinaFaso, and Golden Hill's proximity to $ROG Roxgold and $EDV Endeavour Mining in Burkina. It actually wasn't until @MiningBookGuy did his $SWA video that I really grasped the scope and potential of the #SouthHounde belt, but that has only piqued my interest even more in Golden Hill (and that is likely why they have $4 million slated for exploration for the targets Ma and Nahiri at Golden Hill -- the same amount of $$ slated for exploration at Banfora). As for the #CotedIvoire assets, I'm interested to see how things go on future exploration of that land package, and they have $500K slated for exploration there this year, and $500K for #drilling at Gourma. This $TGZ response is getting really long, so I'll leave it at that for now...... _________________________________________________________ ~AUfrica #mbgtrends $TGZ $TGCDF Teranga Gold #CorporatePresentation: http://s1.q4cdn.com/851853033/files/doc_presentations/2017/05-10-2017-121-London-1x1-Slides-Final.pdf
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@MiningBookGuy good cross-over with ~AUfrica, here's my first public watchlist: @miningbookguy:african-gold-growth will be making more of these soon! #Africa #gold #producers
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@Excelsior $ORE Orezone #Gold Announces Results From Ongoing Drill Program at Bomboré; Expands P17S Zone Down Plunge Hole TYD0073, which returned 4.80 m of 2.29 g/t Au and 6.30 m of 4.47 g/t Au; Hole TYD0074, which returned 8.50 m of 3.95 g/t Au; Hole TYD0075, which returned 9.60 m of 3.80 g/t Au; Hole TYD0076, which returned 12.00 m of 3.40 g/t Au; Hole TYD0077, which returned 14.00 m of 1.65 g/t Au; Hole TYD0078, which returned 5.00 m of 4.94 g/t Au; Hole TYD0079, which returned 5.90 m of 2.44 g/t Au; Hole TYD0080, which returned 5.00 m of 3.17 g/t Au; Hole TYD0081, which returned 8.80 m of 2.70 g/t Au; Hole TYD0082, which returned 13.30 m of 2.06 g/t Au; Hole TYD0083, which returned 9.70 m of 3.38 g/t Au; Hole TYD0084, which returned 2.00 m of 14.10 g/t Au; Hole TYD0087, which returned 6.90 m of 4.85 g/t Au. "Commenting on the results, Patrick Downey, President and CEO, stated, “These new drill results along the P17 corridor continue to demonstrate the potential to both expand higher grade shallow resources at Bomboré and open up previously untested zones. The #drilling continues both to intercept mineralization containing both good grade and widths and is open along strike and down dip. The Company plans to continue drilling in this prospective corridor and to evaluate and drill other prospective areas on this largely underexplored property.” ~AUfrica #Africa http://orezone.com/higher-grade-zone-bombore-expands-along-newly-identified-mineralized-trend/
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@MiningBookGuy DR Congo jailbreak frees 900 inmates http://www.bbc.co.uk/news/amp/40242338 h/t @sndwky #DRC #Congo #jailbreak #Africa ~AUfrica #index Partial Quotes: "Eleven people were killed when militants attacked a prison in the Democratic Republic of Congo and freed more than 900 inmates, officials say." ... "The incident in Beni is the latest in a series of jailbreaks in the country. Last month about 4,000 inmates escaped from a high security prison in the capital Kinshasa following an attack blamed on a separatist sect."
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@MiningBookGuy DRC Mining Week Expo & Conference, Lubumbashi, DRC, June 23-24 http://www.mining-journal.com/events/conferences/drc-mining-week-expo-conference-lubumbashi-drc-june-23-24/ #events #DRC #Congo ~AUfrica #index "Randgold’s Mark Bristow, Ivanhoe Mines’ Guy Nzuru and World Bank senior mining specialist Francisco Igualada are among the listed speakers." $RRS.L $IVN
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@MiningBookGuy Prime Meridians - Here's The Worst Mining Nation On The Planet http://piercepoints.com/mining-investment-exploration-profits-production-efficiency-south-africa-usa-australia/ #SouthAfrica #gold #PGMs #productivity #Africa ~AUfrica #index @PiercePoints #PiercePoints Last Two Paragraphs: "Overall, #SouthAfrica’s productivity is a whopping 90% lower than top gold nation #Australia. By far the worst in the world — and now about to get even more worse, after this week’s additional financial burdens announced by the government. That’s an untenable situation. Watch over the coming months for potential major breakdowns in South Africa’s operations — mine closures, strikes, and violence are all distinct possibilities. All of which could lift prices for #gold (and #platinum — where South Africa accounts for 70% of global production), but will be very serious for in-country operators."
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@MiningBookGuy My video on $PDI.AX from a few weeks ago: https://www.youtube.com/watch?v=fW9Zw1ognqI+ Thank you @Excelsior for posting it at CEO.CA soon after the release! I was planning to write an article to go with it. Instead, I am writing this note with various tags, especially for those who missed it and like researching new ideas that very few people are following right now. Here are some highlights to note: -shout-outs to @nick (introduced $PDI.AX to me) @1ForDaMoney & @nickzed! We need more savvy Aussies like these guys at CEO.CA :) -Finding Bargains Down Under with #RickRule - http://www.theaureport.com/pub/na/finding-bargains-down-under-with-rick-rule This article is as powerful now as when it was published in 2013. One part #ASX-Stocks, one part #Africa … I am thankful for the insights here! Also shout-outs to @TheNextBigRush & @Jayfire in relation to #Australia stock talk on #TheNextBigRush youtube channel. -Importantly, I compare $PDI.AX to $MUN. Even though they seem quite different on the surface, they both have multiple, high-potential catalysts in the near-future, #Tier1 #exploration potential, aggressively pursuing global recognition right now despite being micro-caps. It’s hard to find companies with these qualities, and even better when so few people know them. -An important comparison of #Ecuador to #IvoryCoast. I pick on $ARU …while I personally am not willing to pay a massive premium for #management & #story with so little work actually done, I commend them for getting so much attention, and highlight @Newton’s excellent interview with #KeithBarron @Newton/will-lightning-strike-twice-with-dr-keith-barron-in-ecuador-aurania-resources-aru #IvoryCoast could use some help in the #story department…but to kick things off, I think there are interesting parallels to #Ecuador being the emerging jurisdiction in #SouthAmerica, while #IvoryCoast is the emerging jurisdiction in #WestAfrica / #Africa. -But one person HAS been pushing the story…and very few investors in #NorthAmerica seem to be paying attention. Mark #Bristow has pounded the table for years, and this is perhaps the best interview (and best link I have provided) to spread the message (from #DenverGoldForum 2016, main highlights around 7 minutes in, and 15 minutes in ): http://www.denvergoldforum.org/dgf16/company-webcast/RRS:LN/ There are very few choices for early-stage gold #exploration in #IvoryCoast: $PDI.AX - my current top choice $ORG - close behind and a top pick of mine…but not a ‘pure play’ for #IvoryCoast / #WestAfrica / #exploration, considering most value is tied into the more advanced #Sudan project $MARL -Some people were very interested in this one for #IvoryCoast exposure. Now it will take a while for that to materialize (and unclear what the next steps are). We'll see what $SSL does with these properties $AOP.AX - a very interesting one that I own as well…likely more on this in the future ... it’s a very short list right now! BUT, just check this list of mid-tiers/majors with #IvoryCoast exposure: $RRS.L $NCM.AX $CEY.L $CEE $EDV $PRU $PRU.AX $TGZ $RSG.AX $SMF …and there are surely more. Again, worth thinking about in relation to #Ecuador as an emerging mining jurisdiction worldwide… There is an #opportunity in this part of the world. #DYODD, good luck!
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@MiningBookGuy MALI: Manager of attacked resort says can't account for all guests https://www.youtube.com/watch?v=2T3PdKnKNzA+ #Mali #Terrorism #Africa ~AUfrica
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@MiningBookGuy ECOWAS approves establishment of a regional centre for disease control https://www.youtube.com/watch?v=ujzs_4Vy5mc+ #ECOWAS #disease #DiseaseCenter #Nigeria #ebola #DRC #Congo #CentralAfrica #WestAfrica #Africa ~AUfrica
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@MiningBookGuy Regional Exploration Update http://www.asx.com.au/asxpdf/20170620/pdf/43k1hkj1gttcmj.pdf $MOD.AX $MTR.L #copper #Botswana #Africa ~AUfrica #index -Encouraging copper results from first soil sampling program of T20 Dome -Commencement of airborne EM survey along 30km section of T3 Dome
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@MiningBookGuy Namibia's offshore miners take great risks in new venture https://www.youtube.com/watch?v=o-rXVAMs0i0+ #Namibia #offshore #diamonds #Africa ~AUfrica #index
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@MiningBookGuy Trio of deals 'a sign of rude health' for Shanta Gold - Mining Capital's Alastair Ford https://www.youtube.com/watch?v=Ux0EHjEleh4+ $SHG.L $HRC #Tanzania #gold #Africa ~AUfrica #index
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@MiningBookGuy C.A.R. government and 13 armed groups sign accord to end conflict https://www.youtube.com/watch?v=Vz-LWecDErI+ #CentralAfricanRepublic #peace #Africa ~AUfrica
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@MiningBookGuy INTERVIEW: South Africa's Mining Charter raises black ownership threshold to 30%, from 26% https://www.youtube.com/watch?v=U-53XAb4FlU+ #SouthAfrica #MiningCode #MiningCharter #Africa ~AUfrica "Between 2012 and end 2016, South Africa's mining sector shed some 70,000 jobs. Last week alone, Sibanye Gold fired another 1,500 for taking part in an illegal strike. With highly controversial provisions, the Mining charter introduced last week may now accelerate that jobs bloodbath at a time when Africa's largest economy, is in a recession. CGTN's Ramah Nyang explored the legality of the charter's provisions, with the Deputy Editor of the Financial Mail."
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@MiningBookGuy Orca improves economics at Block 14 in north Sudan www.northernminer.com/news/orca-improves-economics-block-14-north-sudan/1003787287/ $ORG #gold #Sudan #RedBack #Lundin #Beaty #HughStuart #water #Africa ~AUfrica #NorthernMiner #index Some highlights: "Avant-garde explorer Orca Gold (TSXV: ORG) has launched into a feasibility study at its 2.3 million oz. gold Block 14 project in northern Sudan’s Nubian Desert, after finding a #water source that could support a larger open-pit operation than the company envisaged." ... "Stuart — who had been #RedBack’s vice-president of exploration — argues #Sudan is the most geologically prospective country in Africa. “There are few places left in the world where modern #exploration hasn’t had a good go, and #Sudan is one of them. It’s got fantastic rocks, yet it’s barely been touched. From a purely technical point of view, it’s a no-brainer to explore there,” Stuart says." ... "On July 12, U.S. President Donald Trump’s administration may permanently remove a 20-year economic embargo on #Sudan. The sanctions were temporarily lifted in January under the Obama administration, giving the Sudanese government six months to improve its human rights record and resolve political and military conflicts." ... [“If the sanctions are permanently lifted, anybody is free to do business there, including bankers,” he says. “In the past, we’ve focused on the Gulf states rather than North America when it came to lining up finances for the mine. So if it does happen, it would open up a lot more opportunities for us.”]
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@MiningBookGuy Editorial: Africa remains a dominant force in global gold mining www.northernminer.com/news/editorial-africa-remains-dominant-force-global-gold-mining/1003787298/ #Africa #gold #mining ~AUfrica #index #NorthernMiner "With so many troubles in Africa’s centres of gold mining — extremist attacks in West and North Africa, perennial challenges in #CentralAfrica and the long, slow decline of violence-ridden #SouthAfrica — it can be easy to lose sight that, at least from a technical perspective, #gold mining is still a strong and productive sector on the continent." #WestAfrica #NorthAfrica #EastAfrica
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@MiningBookGuy At least 100 killed in fighting in Bria, a day after ceasefire https://www.youtube.com/watch?v=XJaIKA6bDAU+ #CentralAfricanRepublic #Africa ~AUfrica "The death toll from clashes between armed groups in the Central African Republic has risen to at least 100 people. The fighting erupted in Bria, a day after the government and rebel groups singed a ceasefire. Witnesses have described streets strewn with bodies. The situation is reportedly so dangerous that Red Cross teams are unable to enter the area to collect the bodies for burial. The Central African Republic has been rocked by inter-religious and ethnic fighting since 2013."
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@MiningBookGuy Acacia Mining in negotiations with government over tax dispute https://www.youtube.com/watch?v=8SaJB-uJ7nk+ $ACA.L $ABX #Tanzania #Africa ~AUfrica And [Update] Barrick, Acacia embroiled in political turmoil in Tanzania http://www.northernminer.com/news/update-barrick-acacia-embroiled-political-turmoil-tanzania-2/1003787257/ #NorthernMiner Partial Quote: [“Kelvin Dushnisky and I were in Tanzania last week,” CEO Brad Gordon said during a June 2 conference call. Dushnisky serves as Acacia’s chairman, as well as president at Barrick. “We are receiving support from Barrick through this situation. On the ground this is the first time Kelvin has been with me during senior-level meetings in country. So we’d been largely driving it ourselves up until this point, but [they are] ready to assist in any way they can,” he elaborated.]
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@Excelsior Revised South African charter poses threat to miners, says Moody's Reuters | about 9 hours ago "Ratings agency Moody's warned on Wednesday that new regulations seeking to accelerate black ownership in #SouthAfrica's mining industry would deter investment, raise costs and diminish cashflow generation." "Anglo American, AngloGold Ashanti, Gold Fields, Petra Diamonds, Sibanye Gold and South32 would be the most negatively affected miners if the revised mining charter is implemented, Moody's said." "The government published its revised mining charter on June 15, raising the minimum threshold for black ownership of mining companies to 30 percent from 26 percent." "The higher Black Economic Empowerment equity holding requirement is credit negative because it will likely require miners to use cash or raise debt to facilitate the equity transfer," Moody's said in a statement. ~AUfrica http://www.mining.com/web/revised-south-african-charter-poses-threat-miners-says-moodys/
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