MACIG Connect Series
Acacia is optimising its productive gold assets to develop cash flow but is also committed to exploration in both Tanzania and Kenya.
Could you provide a brief overview of Acacia’s East Africa focus in relation to the company’s wider operations?
East Africa, and specifically Tanzania, is the core of our business. We have been active in Tanzania for over 15 years and have three operating mines there; Bulyanhulu, North Mara and Buzwagi. Together, these three mines are expected to produce over 800,000 oz of gold in 2016. In recent years we have also expanded our exploration focus into Kenya, with a project sited on the same greenstone belt as is prevalent in northern Tanzania.
What are the most recent developments and prospects for Acacia’s North Mara and Bulyanhulu operations in Tanzania? Continue reading
The commodity cycle and political/regulatory uncertainly have hit South African mining hard. The way forward is technology.
By Eduardo Arcos
IMAGE: Courtesy of Vermeer
The last three years have proved a bumpy ride for the mining industry in South Africa. As Chinese previously insatiable appetite for commodities waned amid a decelerating economy, prices of metals plunged to recession-era lows, major exploration projects were brought to a halt and mine closures took place across the board. Nevertheless, the recent stabilization in the price of commodities has gradually restored confidence from investors, who are once again looking to this region of vast mineral wealth. The overall consensus is that the boom years are gone for good but there are still plenty of opportunities under the new normal, and investors are slowly getting back on board. Continue reading
The country’s stability and the widespread recognition of its wealth of resources have long made Tanzania an attractive investment destination, but unfavorable market conditions and uncertainty around the new government regime have taken their toll.
By Catherine Howe
IMAGE: Courtesy of Terra Nova
Home to a relatively mature mining industry, Tanzania is the fourth largest producer of gold in Africa, following South Africa, Ghana and Mali, with proven reserves of minerals including diamond, tanzanite, ruby, garnet and graphite, and metals such as iron ore, nickel and copper. The country’s stability and the widespread recognition of its wealth of resources have long made Tanzania an attractive investment destination, but unfavorable market conditions and uncertainty around the new government regime have taken their toll on the industry. In particular, the drive to increase the country’s financial return from the mining sector, alongside the perception of the new government’s seemingly impulsive decision making, has unsettled many investors. Continue reading
Country: West Africa Countries • Industry: Mining • Publication: Global Business Reports • Release Date: October 2016 • Authors: Laura Brangwin, Alexa Parks, Meredith Veit, Catherine Howe
Despite an historical perception of many West African countries as challenging for business, change is on the horizon as companies become more willing to test the water. New initiatives are greatly increasing the attractiveness of the region from an investment perspective, and previous deterrents such as infrastructure deficiencies and economic and political instability are fading into the distance. Meanwhile, the mining sector has started to see movement out of the low cycle this year with increasing gold and zinc prices, seeing players up production, exploration activity and general interest across the Golden West Coast, as well as governments passing new mining codes. Hence, for 2017 West Africa wins the crown as the focal region for the Official Mining in Africa Country Investment Guide, with Cote d’Ivoire and Burkina Faso in the spotlight as our prime locations, alongside the continent’s second and third largest gold producers, Ghana and Mali. Having conferred with executives from across the region’s mining sector, this report gives you, the reader, access to our initial on-the-ground findings, including analysis of the key opportunities and potential challenges as West Africa prepares to leverage on the new-found investment environment; a mining region characterized by high returns and decreasing risk. Continue reading
MACIG Connect Series
EY has selected Abidjan, Cote d’Ivoire, as its regional mining hub for West Africa.
How has EY’s presence in Cote d’Ivoire evolved since its establishment here in 1958?
EY Cote d’Ivoire positioned itself in Abidjan as the center point between Canada and Australia because a great deal of foreign direct investment comes from those two mining powerhouses. Globally, EY has nine world mining partners, and in West Africa, EY Cote d’Ivoire is the hub for the region. From Abidjan, we cover Togo, Mali, Burkina Faso, Niger, and Benin—a majority of our mining activity takes places in Mali and Burkina Faso. Our success is a matter of specialization, as we have a handful of people that specialize in mining tax, due to the complex particularities that are very unique to the industry. The smallest decimal points can make a difference when drafting mining business plans or making the calculations of productivity. Continue reading
MACIG Connect Series
“SIC-CI is a local Ivoirian welding company that is winning contracts with international miners”
Can you give a brief introduction and history of SIC-CI since its creation in 2013?
SIC-CI focuses on the mining and oil and gas industries. I personally have a decade of experience in the industrial sector as I previously worked for a chemical company, after which I entered the mining sector. I started working with Randgold in construction on the Tongon Mine for over two years, then established Mining Logistics Company (MLC) with two partners, and then entered the welding and construction section of the supply chain. Three years after the establishment of MLC, I decided to create and develop SIC-CI which has a focus on industrial welding and construction. Continue reading
MACIG Connect Series
“Many investors are arriving which means that we have more and more competition at every level. We are aware, therefore, that we must increase our standards when operating in the country as we wish to be a key investor in Cote d’Ivoire for the next ten or twenty years.”
Can you give us any overview of your activities in West Africa and specifically a description of Schneider Electric’s role in Cote d’Ivoire?
Schneider Francophone West Africa oversees twelve different countries in the region with two main offices in Abidjan and Dakar. Our regional team consists of around forty people and we serve various sectors including utilities, data centers, banks, telephone companies, as well as players in mining and water. We heavily support the empowerment of local people and businesses, which is why our focus has been to develop both a variety of local partners as well as our presence in the region.
Schneider is very integrated in mining in West Africa, Continue reading