Via The Economist, a report on how mining multinationals are learning to do business with juntas: THE BOSS of Barrick Gold, a Canadian mega-miner and the world’s second-largest gold producer, is no stranger to bust-ups with African governments. In an interview with The Economist at a big annual African mining conference in Cape Town this month, Mark Bristow […]
Read more »Via The Assay, a look at whether West Africa has become uninvestable: Despite gold being among the best-performing asset classes in 2024, the gold equity exchange-traded funds (ETFs), for major precious metal producers, (GDXJ +13% and GDX +9%) did not deliver the expected leverage. Among a peer group of 17 gold mining companies, IAMGold Corp. […]
Read more »Via Reuters, a report on ECOWAS’s efforts to persuade Mali, Burkina Faso, and Niger to stay within the bloc: Mali, Burkina Faso and Niger will have a six-month grace period after their scheduled exit from West Africa’s main political and economic group next month during which the ECOWAS bloc will try to persuade them to […]
Read more »Via Bloomberg, an article on Turkey’s interest in Niger’s mining sector: Niger and Turkey sign provisional pact for mining exploration Junta revoked French, Canadian companies’ permits last year Turkey and Niger signed a provisional pact to boost cooperation in mining, a sign of closer ties between the countries as new powers jostle for access to […]
Read more »Via North Africa Post, an article on King Mohammed VI’s initiative to facilitate Sahel states access to the Atlantic Ocean: Sahel States have lauded King Mohammed VI’s initiative aiming to facilitate their access to the Atlantic Ocean, as a “highly important strategy” for co-development and prosperity in the region and as a move that will […]
Read more »Courtesy of The Africa Report, a report on the rollercoaster ride of foreign investment in the Sahel states: Over the last three years, the member states of the newly christened Confederation of Sahel States have been hit by a fall in foreign investment, particularly Burkina Faso. In its World Investment Report 2024, the United Nations […]
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