PERSEUS Mining’s takeover of Exore Resources has again highlighted just how busy the West African gold space has been for deals in the past year. The region got a shake-up in late 2018/early 2019 with the BarrickRandgold merger but there's been a steady flow of deals ever since. Roxgold acquired Newcrest Mining's Seguela project in Cote d'Ivoire in April 2019 for US$20 million and shortly after, Haywood Securities identified the company as a takeover target for cashed up Australian producers.
In late July, Resolute Mining announced a $274 million deal to acquire unlisted Toro Gold, owner of the Mako gold mine in Senegal. A devastating terrorist attack near SEMAFO's Boungou mine in Burkina Faso in November threatened to derail the interest in West Africa, but corporate activity heated up further in the lead-up to Christmas. In mid-December, Barrick Gold and its joint venture partner agreed to sell their 90% interest in the 2.6 million ounce Massawa development project in Senegal to Teranga Gold Corporation for total consideration of up to US$430 million. Massawa is only 30km from Teranga's Sabodala mine.
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A letter penned by over 100 African authors condemning the acts of violence on Black people in the United States of America. As African writers without borders who are connected beyond geography with those who live in the United States of America and other parts of the African diaspora, we state that we condemn the acts of violence on Black people in the United States of America. We note in dismay that what Malcolm X said in Ghana in 1964 that “for the twenty million of us in America who are of African descent, it’s not an American dream; it’s an American nightmare” remains true for 37 million in 2020. We condemn the murders of: George Floyd, Breonna Taylor, Sandra Bland, Amadou Diallo, Ahmaud Arbery, Aiyana Mo’Nay Stanly-Jones,
Tony McDade, Pamela Turner, Matthew
Ajibade, Rekia Boyd, Eric Garner, John Crawford III, Michael Brown, Shelly Frey, Ezelll Ford, Dante Parker, Michelle Casseaux, Yvette Smith, Darnesha Harris, Laquan Mcdonald, Atatiana Jefferson, George Mann, Tanisha Anderson, Akai Gurley, Tamir Rice, Rumain Brisbon, Jerame Reid, Frank Smart, Natasha Mckenna, Tony Robinson, Anthony Hill, William Chapman II, Alberta Spruill, Walter Scott, Shantell Davis, Eric Harris, Philip White, Mya Hall, Alexia Christian, Brendon Glenn, Victor Manuel Larosa, Jonathan Sanders, Salvado Ellswood, Joseph Mann, Freddie Blue, Albert Joseph Davis, Darrius Stewart, Billy Ray Davis, Samuel Dubose, Troy Robinson, Christian Taylor, Sean Bell, Brian Keith Day, Michael Sabbie, Asshams Pharoah Manley, Felix Kumi,
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