Atlantic Lithium Limited has secured a strategic investment of US$32.9 million from the Minerals Income Investment Fund of Ghana (MIIF). The investment aims to support the development of Atlantic Lithium’s flagship Ewoyaa Lithium Project and the broader Cape Coast Lithium Portfolio in Ghana. Quotes from Atlantic Lithium and MIIF Leadership Neil Herbert, Executive Chairman of […]
Asante Gold has commenced commercial production at the Bibiani Gold Mine situated in the Western Region of Ghana following three months of consistent production since July 2022. The Canadian gold exploration and development company commenced mining at the gold mine in Ghana in late February 2022. The first gold pour was completed on 7 July […]
TerraCom Limited said that its fully-owned subsidiary has signed a memorandum of understanding (MoU) with Bellzone Holding for acquiring the Kalia iron ore project in Ghana. The exclusive non-binding MoU is contingent on preceding customary conditions, which include due diligence, regulatory approvals, and others. The Kalia iron ore project is located in the Faranah prefecture. […]
JMC Projects (India), a civil engineering and EPC firm owned by a subsidiary of Kalpataru Power Transmission Limited, has revealed winning new orders of INR 1,624 crores. The company said that it had won orders worth INR 496 crores in Q1FY22 and INR 1,128 crores in Q2FY22. JMC Projects (India) said that the INR 1,128 […]
Ghanaian government, Bharti Airtel, and Millicom International Cellular have reached an agreement for the transfer of AirtelTigo, a joint venture (JV) between Airtel Ghana and Millicom Ghana, to the government, on a going concern basis. The government will acquire 100% shares of AirtelTigo and all customers, assets, and liabilities, as per the proposed agreement. The […]
Stripe acquisition of Paystack : American payment technology firm Stripe has signed a deal to acquire Paystack, a Nigerian fintech company, for an undisclosed price. Paystack is said to enable organizations of all sizes in Nigeria and Ghana in receiving payments from various parts of the world. The Nigerian fintech company is claimed to serve […]
Shandong Gold Mining, a Chinese state-owned gold mining company, has offered to acquire Cardinal Resources, a West African gold‐focused exploration and development company, for about AUD321 million ($221 million) in cash. In this connection, the two gold mining companies have entered into a bid implementation agreement as per which Shandong Gold Mining has offered a […]
French oil and gas giant Total has scrapped its plans to acquire the Ghanaian assets of Occidental Petroleum as part of a larger deal signed in August 2019. As per the deal, Total under a purchase and sale agreement (PSA) was to acquire the assets of Anadarko Petroleum in Africa with the latter merged into […]
Newmont Goldcorp has started commercial production from the expanded Ahafo Mill in Ghana which processes ore produced from the Ahafo gold mine in Ghana. The Ahafo Mill expansion project was wrapped up on schedule and within the budget of around $175 million, said the gold mining giant. The mill expansion project has been carried out […]
Ghana-based clothing manufacturer and exporter DTRT Apparel has received an undisclosed sum of investment from Red Bull and Verod Capital Management, registering a massive boost for apparel manufacturing in West Africa. Through a global network spanning three continents, DTRT Apparel procures textiles from Asia and supplies to major US-and EU-based brands. Skip Richmond – co-founder […]