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Top African Mining Market News

China's Zijin Gold to Buy Canadian Miner Allied Gold for About $4 Billion

China's Zijin Gold to Buy Canadian Miner Allied Gold for About $4 Billion

50% Center coverage: 10 sources

Allied Gold Corp. has signed a friendly deal to be acquired by Zijin Gold International Co. Ltd. in an agreement valued at $5.5 billion See the Story

Afreximbank Unveils $17.5B Lifeline for Angola’s Sonangol

Trade · Angola

Afreximbank Unveils $17.5B Lifeline for Angola’s Sonangol

100% Center coverage: 1 sources

Africa’s trade finance lender has unveiled a major new funding line for Angola’s national oil company, as the country seeks to stabilize crude trading and maintain output in a basin facing structural decline and renewed scrutiny from international producers. The African Export-Import Bank has announced a $17.5 billion financing facility for Sonangol, according to a statement cited by Reuters on Wednesday. Afreximbank said the facility is designe…See the Story

Noronex launches maiden uranium drill test at Namibian hotspot

Namibia · Namibia

Noronex launches maiden uranium drill test at Namibian hotspot

100% Right coverage: 1 sources

Noronex has kicked off its first uranium drilling at Etango North in Namibia, targeting alaskite-hosted mineralisation along strike from world-class deposits in one of the planet’s hottest uranium belts.See the Story

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