Randgold Resources announced yesterday June 11, it will soon complete the feasibility study on its Massawa gold project in Senegal and make a development decision by the end of this year.
Speaking during an inspection visit, CEO Mark Bristow (photo) indicated that the latest test work showed that 75% of the mine's ore reserves could be processed by the simple and inexpensive leach method, “overcoming the obstacle initially presented by the project’s complex metallurgy”.
The remaining 25% should be produced at the end of the mine’s life, either through the "BIOX process" or sold as concentrate to a specialized processing plant. “Continuing exploration was focused on expanding Massawa reserve, and while it is still short of Randgold’s 3Moz minimum requirement, the project’s other metrics are positive” said Joel Holliday, Exploration General Manager
Let’s note that a government commission has been appointed to oversee the project’s licensing and development protocols, and a public consultation process will begin next month. An environmental and social impact assessment should be submitted next July. The company also operates in Côte d'Ivoire, Mali and DR Congo.
Louis-Nino Kansoun
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
World Bank announces $137 million to boost West Africa digital economy Program expands broad...
ECOWAS is proposing a regional digital platform for passengers to file and track complaints online...
Kenya and Rwanda sign deal to recognize payment licenses across borders The move aims to cut regulatory duplication and ease market...
Seven African countries are part of a U.S. investigation into forced labor practices The probe could affect trade ties under frameworks like...
President Michael Randrianirina appointed Rajaonarison Mamitiana Jeannot Ruffin as Prime Minister on March 16. Ruffin becomes the second prime minister...
The United States is exploring Morocco as an alternative fertilizer supplier amid Middle East disruptions. About 22% of U.S. fertilizer imports,...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...