THE ECONOMIC MAGAZINE OF NATURAL RESOURCES IN AFRICA
The Canadian mining giant confirmed, in its latest quarterly activity report, the rise of its African assets, which now represent a third of its global gold production and more than half of its copper volumes.
Debswana announced on Wednesday June 16 the discovery of a 1,098-carat stone, which would make it the third largest known diamond in the world.
Barely recovered from the negative effects of the economic crisis and the restrictions imposed by the multinationals, the cocoa industry is once again facing an umpteenth challenge, power outages.
In West Africa, consolidation in the gold sector continues. After the successive takeovers of the junior Semafo and Teranga Gold by the British Endeavour Mining, it is now the turn of the Fortuna Silver Mines group to acquire its Canadian compatriot Roxgold, which is present in the sub-region.
The main source of activity in the subregion (60% of jobs) and at the heart of food security and national sovereignty issues the West African agricultural sector has been hit hard by the soaring prices of the main fertilizers.
In the battle over the Nile between Egypt, Sudan and Ethiopia, this may be the last chance for diplomacy and conciliation. The Congolese presidency announced on March 30 that Felix Tshisekedi will soon host a round of negotiations between Cairo, Khartoum and Addis Ababa over the Ethiopian Renaissance Dam.
The Ivorian banana industry remains on a positive note despite the crisis, retaining its position as the leading African producer.
Marked by uncertainty due to the Covid-19 pandemic, the year 2021 should confirm the yellow metal’s status as a safe haven, according to the World Gold Council (WGC).