Keywords: Mining sector
The European Bank for Reconstruction and Development (EBRD) is considering a new financing package of around €22.6 million to support Procaneq Maroc SA and strengthen its mining services operations in Morocco. The proposed loan, equivalent to approximately 243 million Moroccan dirhams, is currently......
Ghana has taken another step toward overhauling its mining sector after the government approved amendments to the country's mining legislation for submission to Parliament, aiming to strengthen regulatory oversight, improve community involvement and combat illegal mining. The proposed reforms form......
Tanzania has significantly expanded its official gold reserves, with the Bank of Tanzania purchasing approximately 28 metric tons of gold over the past 18 months as part of a broader strategy to reinforce foreign exchange reserves and support the national currency. According to central bank Governor......
The Canadian government has confirmed plans for the redevelopment of the Hope Bay gold mine in the Arctic region of Nunavut, marking a significant step in the expansion of the country’s mining industry in remote northern territories. The project will be led by Agnico Eagle Mines Ltd, one of the......
African policymakers, researchers and mining experts are intensifying calls for local transformation of critical raw materials as global competition for strategic minerals accelerates. During a conference held in Rabat by the Policy Center for the New South and the Geology and Sustainable Mining Institute,......
The United States has taken new steps to ease certain sanctions on Venezuela, aiming to encourage foreign investment in the country’s vast mineral resources, particularly gold. The decision reflects a broader shift in Washington’s policy toward reopening key sectors of the Venezuelan economy. According......
Morocco has strengthened its position as a leading destination for mining investment, ranking 15th worldwide in the Fraser Institute’s Annual Survey of Mining Companies for 2025. The report assessed 68 mining jurisdictions globally, including 14 in Africa. It drew on responses from 256 mining......
European stock markets climbed Thursday, fueled by soaring precious metals prices that propelled mining shares higher, even as technology stocks faced headwinds from disappointing results at SAP. London's FTSE 100 rose 0.6% to 10,217.40 points by midday, while the pan-European STOXX 600 gained 0.4%......
The discovery of high-grade gold veins in Guelmim, southern Morocco, marks a significant milestone in the country’s mining sector. Fieldwork has identified 34 quartz veins with exceptional gold content, positioning Guelmim as a potential hub for one of North Africa’s most promising gold deposits. High-grade......
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