Ressources Magazine (en)

This month, RESSOURCES MAGAZINE offers you a focus on the mining sector in Africa.

News

Nigeria no longer wants food imports

In Nigeria, the protectionist screw-turn continues to tighten. After the recent restrictions on imports of milk and textile products, it is now the turn of other imported foodstuffs to be put on the sidelines. In a statement issued on Tuesday, the Nigerian presidency announced that

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News

Congo-B: a new onshore field that could change the situation

Currently producing 350,000 barrels of oil per day, Congo could quadruple its capacity in the coming years. In any case, this is the bet of two Congolese oil companies, which presented, on Saturday, August 10 in Oyo, the details of the first onshore oil field

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News

Washington would consider a project for an embargo on Ivorian cocoa

According to the Washington Post, the US Congress is considering banning cocoa imports from Côte d’Ivoire, the world’s largest producer and exporter of brown gold. Already concerned about the question of the floor price of beans, the Ivorian cocoa sector may soon have a new

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Conversation with…

Mehmet Issa N’Diaye: « We must think differently about the cocoa policy in Côte d’Ivoire »

After training at MIT (Massachusetts Institute of Technology) and the École de Guerre Économique de Paris (EGE), a career start on Wall Street and experience as a senior trader at the Conseil café-cacao de Côte d’Ivoire, Mehmet Issa N’Diaye is now at the head of

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News

Zambia: Mopani Copper Mines, a Glencore subsidiary, reduces its activity

Under pressure, Glencore’s Zambian copper subsidiary has announced its intention to close two shafts at its Nkana mine. This announcement reflects the Anglo-Swiss group’s desire to refocus on more profitable activities. In the African subsidiaries of Glencore, the commodity trading giant affected by the fall

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News

AngloGold Ashanti driven by a gold price at its highest level in 6 years

When the gold goes, everything goes. This is how the latest excellent half-yearly results of AngloGold Ashanti from South Africa could be summarised. Driven upwards by an ounce of gold that on Wednesday exceeded the symbolic threshold of $1,500, the first since April 2013, the

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News

Kosmos Energy reiterates its commitment to reduce the sail in the Grand Tortue-Ahmeyim project

While unveiling its quarterly results on Monday, US junior company Kosmos Energy confirmed its intention to sell a majority of its shares in the Grand Tortue-Ahmeyim (GTA) project, between Senegal and Mauritania.  « The previously announced process to reduce Kosmos’ stake in the wider Mauritania/Senegal region

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News

Kenyan farmers grind black (tea)

Green gold has rarely been so poorly named: with an average price of less than $2 per kilo, prices have reached their lowest level since 2014, according to the East African Tea Trade Association (EATTA), the umbrella organization representing the interests of the sector in

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News

Côte d’Ivoire driven by its agricultural exports

The recent clash between the Ivorian and Afghan authorities and cocoa traders almost made us forget the main thing: Ivorian agricultural exports are doing well. Published on 31 July, provisional statistical data from the Ivorian port authorities confirm a solid increase in the volumes of

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News

Glencore leaded by its African copper activity

In the wake of the poor performance of its operations on the continent, the mining and trading group published lower than expected half-year results. For the Anglo-Swiss commodities giant Glencore, the first half of 2019 is to be forgotten. After acknowledging at the end of

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News

South Africa: the committee of experts appointed by the Presidency delivers its recommendations on the agrarian issue

In its report, the panel of specialists supports, under certain conditions, the principle of expropriation without compensation. South Africa, the continent’s leading agricultural power ($10.6 billion in exports in 2018), has been struggling for more than 20 years with the thorny issue of land redistribution,

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News

Sovereign Wealth Funds: African States Can Do Better!

Set up to counter commodity price volatility and diversify sources of income, African sovereign wealth funds are not (yet) up to their ambitions. The recent low oil prices (-11% over the quarter) reminded African oil-producing countries of the painful fact that making a majority of

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News

Tanzania: Barrick Gold definitively takes control of Acacia Mining

For the Canadian mining giant, this was the end of a long and bitter battle. After two years of strained relations with the management of its Tanzanian subsidiary Acacia Mining and two months of stock market manoeuvres, Barrick Gold finally succeeded in taking full control

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News

Kenya inaugurates Africa’s largest wind farm

Known as one of the advanced laboratories of the African technology scene, Kenya is now also one of the continental leaders in clean energy with the launch of Africa’s largest wind farm. Located 600 km north of the capital Nairobi, on the eastern shore of

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News

To the countries of black gold… (Part 1) : United States: who controls oil writes history

By Raphaël Rossignol, Doctor of Political and Economic Sciences at EHESS. Essential to the way of life of our current societies, oil is at the heart of global geostrategic challenges. A valuable source of income and a decisive lever of influence for producer countries, it

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News

To the countries of black gold… (Part 2): In Russia, oil and gas as weapons of a great power policy.

By Raphaël Rossignol, Doctor of Political and Economic Sciences at EHESS. Essential to the way of life of our current societies, oil is at the heart of global geostrategic challenges. A valuable source of income and a decisive lever of influence for producer countries, it

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News

To the countries of black gold… (Part 3): The Chinese oil industry, a power at the heart of power

By Raphaël Rossignol, Doctor of Political and Economic Sciences at EHESS Essential to the way of life of our current societies, oil is at the heart of global geostrategic challenges. A valuable source of income and a decisive lever of influence for producer countries, it

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News

Côte d’Ivoire adopts a new forestry code

To fight deforestation, the Ivorian authorities have adopted a new forestry code. A system that involves more private actors in the sector while strengthening sanctions. A poor deforestation performer, Côte d’Ivoire has seen its forest cover disappear at an accelerated rate in recent decades: estimated

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News

Equatorial Guinea: BAD Commits to Fisheries and Aquaculture

The African Development Bank (AfDB) on Wednesday, July 17, approved €55,518 million in financing for Equatorial Guinea to implement the « Project to Support the Development of Fisheries and Aquaculture Sector Value Chains (PASPA) ». The five-year PASPA (2020/2025), formulated in partnership with the International Labour Office

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News

Côte d’Ivoire: Total and ENI invest in oil exploration

The majors Total and ENI, which are the auctioneers of four offshore blocks, will invest $185 million to explore these oil concessions. Present Monday at the opening in Yamoussoukro of a seminar entitled « State of play and prospects of the oil and energy sectors », the

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News

Côte d’Ivoire and Ghana back on suspension of cocoa sales 

In yet another twist, the world’s two leading cocoa producers have decided to lift the suspension of their brown gold sales, announced in mid-June. The news, published by press release, fell on the evening of Tuesday, July 16. In this text, the Executive Director of

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News

South African sugar manufacturer Tongaat Hulett requests a stay of proceedings from its creditors

Caught by the throat, the group confirms that it has requested a suspension of payment from its creditors. The descent into hell continues for the agro-industrial Tongaat Hulett. After announcing at the end of May that its financial statements for 2018 would be revised due

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News

With the rise of the iron price, African producers are rubbing their hands

Driven by a rising iron price, African producing countries are seeing a growing number of promising projects. But beware of structural constraints and the (cyclical) return of the crank handle! Kumba Iron Ore shareholders can smile: with an ore price of around $130 per tonne,

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News

Ivorian cocoa: after the floor price, production is capped

On July 11, during the presentation of the World Bank’s latest report on the Ivorian economic situation (« In Cocoa Country – How to Transform Côte d’Ivoire »), the Coffee-Cocoa Council (CCC) unveiled its new strategy to limit the impact of volatile world prices on farmers’ incomes:

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News

Côte d’Ivoire: Endeavour increases reserves at its Ity gold mine

In the wake of its latest drilling, gold operator Endeavour Mining announced a significant review of gold reserves at its Ivorian site in Ity. After the start of production in 2018 of its Ity gold mine expansion program, called CIL (based on Carbon In Leach

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News

The officially launched continental free trade area

Under discussion since 2012, the Continental Free Trade Area (ZLEC) project officially became a reality on Sunday, July 7 in Niamey with the start of its first operational phase. Meeting on Sunday in Niamey, the 31 Heads of State of the African Union (AU) present

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News

Victoria Wahu, Project Manager at the Kenya Gem & Jewellery Fair: « Africa is the world’s main source of precious stones »

Long dominated by a few Latin American (Colombia, Brazil) and Asian (Myanmar, Sri Lanka) countries, the gemstone industry has recently seen new African players emerge. Mainly located in East Africa, these gemstone mining areas now have a dedicated event, the Kenya Gem & Jewellery Fair

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News

Natural gas in Gabon: development strategy

By Jaume FERRER, Investment Strategy and Promotion Advisor of the Government of the Gabonese Republic, and Elsa IZERE, Strategic Analyst. At the end of 2018, the Gabonese government decided to conduct a study of the natural gas sector – the country has reserves estimated at

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News

Cocoa: the Ivorian-Ghanean mountain gives birth to a mouse

The long-awaited technical meeting between the national authorities and the cocoa industry, which was supposed to lead to the introduction of a floor price system of 2600 dollars/tonne, was ultimately a major disappointment. Held on 3 July in Abidjan, the meeting between representatives of the

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News

Cocoa: Côte d’Ivoire and Ghana around the table to reach an agreement with international traders

Announced since mid-June, the technical meeting between national authorities and private operators in the sector, which must settle the details of the implementation of a floor price of 2600 dollars/tonne, opened on Wednesday 3 July 2019 in Abidjan. For this summit meeting, the Ivorian and

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