Africa Mining 

Ato Forson draws ‘thin line’ between Agyapa Royalties and Ghana Gold Company

Deputy Finance Minister, Cassiel Ato Forson, has denied assertions by members of the ruling New Patriotic Party that seem to suggest that Ghana Gold Company is similar to Agyapa Royalties Limited. The Atta-Mills administration, under the Finance Ministry in 2011, is said to have presented to parliament the Ghana Gold Company also a Special Purpose Vehicle like Agyapa Royalties to hold and monetise Ghana’s gold reserves. “Currently, Ghana has shares and carried interest in a number of mining companies that enable [the] government to receive significant cash flows from royalties…

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Africa Government Mining 

Gold-hunting diggers destroy Sudan’s priceless past

But they hadn’t slipped up. Gold-hunters with huge diggers had ruined practically all sign of the 2 millenia-old website. “They had just one goal in digging here– to find gold,” stated stunned archaeologist Habab Idriss Ahmed, who had painstakingly excavated the historic location in 1999. “They did something insane to save time, they used heavy machinery.” In the baking-hot desert of Bayouda, some 270 kilometres (170 miles) north of the capital Khartoum, the group discovered 2 mechanical diggers and 5 males at work.They had actually dug a large trench 17…

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Africa Government Mining 

Careful how you manage gold, if Congo had no minerals, there wouldn’t be war

In Petauke’s Sasali and Sandwe areas; in Vubwi, south of Chipata City; in Rufunsa and Luangwa; in Mwinilunga and not to mention the Copperbelt Province itself, gold is plenty! Farmers are literally cultivating their crops in gold fields. If we are to be too explicit, we could say that in Mwinilunga and Petauke right now, gold is like a by-product of farming activities. In short, we have had plenty of copper in Zambia, but now we have plenty more of gold. Elsewhere, this news would translate into an instant economic…

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Mining StockMarket 

Shanta Gold purchases West Kenya potential customers from Barrick for $14.5 m in shares and cash

SHANTA Gold is to purchase gold expedition homes in Kenya from Barrick Gold for $14.5 m in money and shares in an effort to introduce geographical variety to its possession base. The business, noted on London’s Option Investment Market (GOAL), currently mines at the New Luika gold mine in Tanzania. The offer increases Shanta’s gold resource inventory to over three million ounces of consisted of gold with the possibility of future growth, it stated. In regards to its arrangement with Barrick, Shanta Gold will pay $7m in cash and $7.5…

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Waste Management 

Pollution Takes Toll On Lake Victoria

As you sit at home or in a hotel, drinking that glass of water, you could be putting your life at risk since some of it, whose source is Lake Victoria, may be contaminated. For more than three months, a combined team of NMG journalists from Uganda and Kenya, accompanied by scientists from University of Nairobi, combed different parts of the lake right from the border with Tanzania down at Rakai where Kagera River pours it dirty waters into the lake, to Kenya where the lake faces stark reality of…

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