Africa 2018



Ivanhoe founder Robert Friedland shakes hands with former CITIC chairman Wang Jun in 2003. Credit: Ivanhoe Mines.

CITIC buys 19.9% of Ivanhoe

CITIC Metal, subsidiary of Chinese company CITIC, will acquire a 19.9% stake in Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF), making it the company’s largest single shareholder. The companies signed the…



Drillers and artisanal miners on Orca Gold’s Block 14 gold property in northern Sudan in late 2017. Photo by Richard Quarisa.

Resolute Mining to invest $21M in Orca Gold

African-focused gold miner Resolute Mining (US-OTC: RMGGF) is investing nearly $22 million in Orca Gold (TSXV: ORG: US-OTC: CANWF) in a two-tranche deal that Orca expects will close this July….


The 57-megawatt thermal power plant at Iamgold’s Essakane gold mine in Burkina Faso. Credit: Iamgold.

Iamgold makes headway in West Africa

It’s been a big year in West Africa for Iamgold (TSX: IMG; NYSE: AIG). The company kicked off 2018 with high-grade assay results from its Siribaya gold project in Mali…



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