Africa & Middle East

“…The clear intention of The World Bank to collaborate with the NEXIM Bank towards a structured intervention in the Nigeria’s solid minerals sector is quite expedient. More so, with commitment and firm resolve of President Muhammad Buhari to diversify the economy, revitalize the mining sector towards boosting job creation and…
Semafo gains into teeth of weak gold priceShares of Semafo Inc (TSE:SMF) defied a fresh slump in the gold price on Thursday, after announcing better than expected third quarter financial results on the back of a strong operational performance at its Mana Mine in Burkina Faso. After a 1% jump…
Seemingly minor regulation has enormous consequences: NCPA A small statute in the Dodd-Frank Wall Street Reform and Protection Act is wreaking havoc in the Congo, according to a new report by National Center for Policy Analysis Senior Fellow David Grantham. “Buried deep within the massive regulatory package is a conflict…
PGM market comes crashing downOn Friday, platinum and palladium futures gave up more ground as ETF investors liquidate positions in anticipation of further falls in the precious metals complex. In afternoon trade on the Nymex in New York platinum for delivery in January – the most active contract – lost…
Africa-focused Paragon Diamonds (LON:PRG) suspended trading Monday morning ahead of the company issuing a statement that revealed a precarious financial position. The miner, who committed to buy a 75% stake in Lesotho’s Mothae project from Canada’s Lucara Diamond (TSX:LUC) earlier this year, said it currently has limited working capital. Until…
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