Ressources Magazine (en)

Senegal: Teranga Gold acquires Massawa mining project from Barrick Gold

Already active in Senegal with its Sabodala gold mine, Canadian Teranga Gold announced on Tuesday, December 10 that it has acquired a 90% interest in the Massawa gold project from its compatriot Barrick Gold and its Senegalese partner. A deal that should allow the buyer

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What will be remembered from the 2019 Abidjan Agriculture and Animal Resources Fair

Held from 22 November to 1 December at the initiative of the Ivorian government, the fifth edition of the International Exhibition of Agriculture and Animal Resources (SARA) in Abidjan was full and proved the dynamism of the Ivorian primary sector. According to the first assessment

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According to the Africa Energy Outlook report, it will be full gas for the African gas sector!

The African Chamber of Energy (ACE) published its first annual report on the continent’s energy outlook at the end of November. The study focuses in particular on the strong growth of the gas sector in the coming years. Launched on 28 November, the Africa Energy

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In Congo, the difficult transition to post-oil

After the crisis following the oil counter-shock of 2014-2016, Congo has returned to growth. A favourable economic situation that cannot avoid the need to continue diversifying the economy, which is more essential than ever. On July 10 and 11 in Pointe-Noire, the best of the

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The chromium and platinum specialist Tharisa is plagued by an unfavourable economic situation

Not surprisingly, the decline in chromium prices, combined with a contraction in production, weighed on the annual results of the Tharisa mine, which operates in South Africa and Zimbabwe. The company, which specializes in the production of chromium and platinum, announced on Thursday, November 28,

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Russia promises Angola financing in the energy sector

While in the Angolan capital, a delegation of the Russian government expressed its willingness to finance ten billion dollars worth of projects in the country, particularly in the energy sector. One month after the first Russia-Africa summit, held in Sochi from 22 to 24 October,

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Liberia obtains funding to strengthen its cocoa sector

The Government of Liberia and the International Fund for Agricultural Development (IFAD) signed two financing agreements on Thursday, November 21, for a total amount of $32 million. This contribution will mainly benefit the country’s cocoa sector. The signing ceremony took place in Monrovia, and brought

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Senegal: farmers contest the price of groundnuts proposed for the upcoming campaign

Expected for several weeks by the actors of the Senegalese sector, the price of groundnut proposed by the National Interprofessional Committee for Groundnut (CNIA) has finally been set at 210 CFA francs per kilo for the 2019/2020 season, which is due to open on Monday

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Rwanda is considering the use of methane as a fuel

Already used to produce electricity since 2015, the methane from Lake Kivu could soon also be used as cooking fuel in the homes of the Mille Collines country. This is in any case the wish of the Rwandan authorities who, at a meeting held on

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Lagos soon to be endowed with a commodity exchange

Lagos, the continent’s fourth-largest financial centre by market capitalization ($40 billion), is in the process of establishing a commodity exchange. This initiative is likely to further undermine its Abuja counterpart. After conducting a simulation exercise on November 15, the Association of Securities Dealing Houses of

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African cashew nuts increasingly in demand by Europeans

Published on 14 November, the latest cashew nut market newsletter from the agri-food consulting firm N’kalô confirms that the success of African cashew nuts with European consumers continues unabated. Over the first three quarters of 2019, the European Union’s cumulative imports from Africa increased by

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Guinea: SMB-Winning gains a foothold in the Simandou iron orebody

The Guinean-Chinese consortium Société minière de Boké (SMB-Winning) obtained on Wednesday 13 November the reallocation of Blocks 1 and 2 of the largest iron ore deposit on the African continent, Mount Simandou. Previously controlled by the Israeli mining operator Beny Steinmetz Resources Group (BSGR) –

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Ghana reaps first results of new cocoa price agreement

Following the agreement to establish a subsistence income differential of $400 per tonne, Ghana confirmed that it had sold nearly 200,000 tonnes of cocoa for the 2020/21 season. After several months of wrestling with the world’s major cocoa traders and the agreement reached at the

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Algerian NCA Rouiba in a difficult period

In an open letter, the management of the Nouvelles canneries algériennes de Rouiba (NCA-Rouiba), the Algerian leader in fruit-based drinks, reported the company’s serious financial difficulties. In this letter of 5 November addressed to its shareholders, consumers, suppliers and partners, Slim Othmani, the company’s Chairman

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Sesame and sorghum join the Ghanaian agricultural commodity exchange

Launched just over a year ago, the Ghana Commodity Exchange (GCX) started trading sorghum and sesame this week. The Ghanaian agricultural commodity exchange thus brings the number of agricultural products traded on its platform to five, alongside soya and white and yellow corn. « Just as

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African coffee now has its institutional support fund

The Inter-African Coffee Organisation (IACO), the International Coffee Organisation (ICO) and the Centre for Agriculture and International Biosciences (CABI) jointly launched the African Coffee Fund on Tuesday 5 November in Nairobi, at a donor conference. First raised in February 2018 by the OPCW during the

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Nigeria: President Buhari signs new oil law, tougher on majors

Engaged in a fierce battle with the sector’s majors, the Nigerian presidency confirmed on Monday 4 November that it had signed the draft amendment to the oil law, which will significantly increase the country’s share of revenues… to the detriment of foreign companies. Nigerian President

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Fertilizer: Ethiopia ready for joint venture to complete Yayu complex

Tired of the limited progress of the Yayu fertilizer plant project, entrusted to the military-industrial public conglomerate Metals & Engineering Corporation (Metec), the Ethiopian government has decided to open an international tender to establish a joint venture to complete this industrial complex. The country’s authorities

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Madagascar: the vanilla sector not sufficiently competitive according to the World Bank

In its latest economic outlook note on the Big Island, the World Bank goes into detail on the need to reform certain key sectors, in particular the very strategic vanilla sector. After recalling in the preamble that the country’s growth should reach 4.7% of GDP

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Mauritania: Kosmos discovers a new offshore gas field

Mauritania is definitely doing quite well at the junior Kosmos Energy! After revealing the mega-tortuous Grand-Tortue deposit in 2015, the American company announced on Monday 28 October that it had again made a major natural gas discovery off the Mauritanian coast, drilling the Orca-1 well.

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Kenya: start-up Twiga Foods raises $30 million

Twiga Foods, the Kenyan platform specializing in connecting smallholder farmers with traders and delivering fruit and vegetables, has just completed a $30 million fundraising campaign. In detail, the start-up says that $23.75 million was raised in Series B1 through the participation of investors such as

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Oil: Somalia settles dispute with Shell and Exxon Mobil

The resolution of the dispute between the Mogadishu authorities and the joint venture between Royal Dutch Shell and Exxon Mobil over the payment of exploration licence fees, announced in late June by the Somali Ministry of Petroleum, has found its epilogue. In a statement issued

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Russia-Africa Summit: A diplomatic success combined with a trade offensive

African heads of state, who came in large numbers to Sochi for the first Russia-Africa Summit, responded to President Putin’s call and, beyond the renewed promise of a relationship « on an equal footing », made himself his country’s sales representative on the continent. The first Russia-Africa

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Betting on blockchain to optimize the cocoa sector in Côte d’Ivoire—Interview with Neil Gordon, CEO of GAEX

Using blockchain technology to guarantee the compliance of cash crop commodities and ensure a better income for farmers? Damn, but of course! Still not widespread in Africa, this “trust machine” offers opportunities that go far beyond the creation of crypto-currencies. In Ghana, it is used

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Agricultural business environment in Africa: what to remember from the latest dedicated World Bank report

Less well known than the inevitable Doing Business, the Enabling the Business of Agriculture report – also a World Bank publication – ranks each country according to the business climate in agriculture. According to the 2019 edition, published on 21 October, African governments are very

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Tanzania: the thorny Acacia Mining case finally settled!

Present Sunday, October 20 in Dar es Salaam, Mark Bristow, CEO of Barrick Gold Mining Group, announced that « Barrick[was] definitely back in Tanzania », after reaching an agreement to settle a long-standing tax dispute between the country and the gold mining company Acacia Mining, recently acquired

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Egypt : Shell will start operating its concessions in 2020

After being granted five exploration permits last February – three oil and two gas concessions – the Anglo-Dutch major Shell is expected to start operating in Egypt in the second half of 2020. It was an internal source, quoted on Friday, October 18 by Reuters,

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Olam completes the acquisition of Nigerian Dangote Flour Mills

Initiated in April, the takeover bid of the agro-industrial group Olam for Nigerian Dangote Flour Mills (DFM) was finally successfully concluded. After the green light given by the regulatory authority and the Federal High Court of Nigeria, the shareholders of the flour and pasta producer

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On the lookout, Trafigura would seek to invest in the Congolese cobalt sector

Unlike many other operators, who have been hit hard by low cobalt prices, raw material specialist Trafigura may soon strengthen its commitments in the Congolese sector. For the Swiss giant, you have to know how to invest on the counter-cycle. According to indiscretions leaked on

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