Allied Gold to start gold production in Ethiopia next February

Kiswahili

Canadian company Allied Gold will begin operations at its Kurmuk gold mine in Ethiopia's Benishangul-Gumuz region next February. The project aims for full production in the third quarter of 2026, targeting 290,000 ounces of gold annually.

Allied Gold, a Canadian mining firm, plans to commence operations at the Kurmuk gold mine project in Ethiopia's Benishangul-Gumuz region next February. The initiative is set to achieve full production by the third quarter of 2026, with an annual output capacity of 290,000 ounces of gold.

Company CEO Peter Marrone stated that Allied Gold allocates $8 million annually to exploration efforts. Over the next five years, the firm aims to expand its gold reserves to 5 million ounces. The underground mine is located far from inhabited areas, ensuring no community displacements occur. The company has adopted a policy prioritizing local residents for employment opportunities.

Following the announcement of production start in Ethiopia, Allied Gold's share price has quadrupled over the past year. The company also operates gold mines in Mali and Côte d'Ivoire.

Makala yanayohusiana

Ethiopian leaders Abiy Ahmed, Temesgen Tiruneh, Shumelis Abdisa, and Eyob Tekalgn inaugurate Busa Gonofa food complex and Geter Corridor in Wellega, Oromia.
Picha iliyoundwa na AI

Officials inaugurate development projects in Wellega region

Imeripotiwa na AI Picha iliyoundwa na AI

Ethiopian Prime Minister Abiy Ahmed, Deputy Prime Minister Temesgen Tiruneh, Oromia President Shumelis Abdisa, and National Bank Governor Eyob Tekalgn visited development works and inaugurated projects in Wellega zones of Oromia region on the same day. Projects including the Busa Gonofa integrated food industry complex and Geter Corridor development were highlighted as key for agro-industry, job creation, and economic growth.

Zijin Gold to acquire Allied Gold for 5.5 billion Canadian dollars

China's Zijin Gold has agreed to buy Allied Gold Corporation, owner of the Kurmuk gold mine in Ethiopia's Benishangul-Gumuz region, for 5.5 billion Canadian dollars in cash. This deal ranks among Africa's largest mining transactions this year and bolsters Ethiopia's position as a global gold producer through the Kurmuk project. The acquisition includes other key African assets, enhancing Zijin Gold's continental footprint.

Zijin Gold to acquire Allied Gold in C$5.5 billion deal

Imeripotiwa na AI

Allied Gold Corporation has agreed to be acquired by Zijin Gold International for C$44 per share in cash. The deal values the company at C$5.5 billion, a 27% premium to its recent trading price. It includes key assets like Ethiopia's Kurmuk project and operations in Mali and Côte d’Ivoire.

Afrika

Dreams stumble at Kenticha mine

Afrika

Wits launches centre to map Africa's mineral wealth scientifically

Asia

Almonty boosts US national security with Sangdong tungsten mine

Amhara region's manufacturing sector capacity reaches 62.4 percent

The manufacturing capacity in Ethiopia's Amhara region's manufacturing sector has reached 62.4 percent, up from below 40 percent three years ago. This was announced by Dr. Ahmedin Ahmed, head of the region's Urban and Infrastructure Development Office. The 'Ethiopian Tamir; We Also Cultivate' program is being implemented in Bahir Dar's Oromo community administration sub-city.

Subsidiary mining land sealed by PKH task force due to illegal miners

Imeripotiwa na AI

The Forest Area Control Task Force (PKH) has sealed one point in the mining area of PT Citra Palu Minerals (CPM), a subsidiary of PT Bumi Resources Minerals Tbk (BRMS), due to unauthorized land clearing by illegal miners in a forest zone. The sealed area remains unmined by CPM, while main gold mining operations in Poboya, Palu, continue normally. BRMS states that gold production increases are still planned for upcoming years.

Desperation drives illegal gold mining in Springs

Residents in Gugulethu, Springs, have turned to informal gold mining amid economic hardship, despite its illegality. Authorities recently cracked down, arresting individuals and confiscating equipment. Locals argue the activity stems from hunger rather than greed.

New details emerge on Garpenberg mine shaft expansion amid seismic issues

Imeripotiwa na AI

Boliden plans a new hoisting shaft at its Garpenberg mine to boost production to 4.5 million tons annually, following a weekend collapse that injured workers and ongoing high seismic activity halting underground operations. The investment builds on earlier announcements amid disruptions.

Alhamisi, 26. Mwezi wa tatu 2026, 04:00:10

Parts of Garpenberg mine closed through 2026 after quakes

Jumatatu, 23. Mwezi wa tatu 2026, 05:42:25

Deputy prime minister Temesgen Tiruneh inaugurates salt and fodder factory in Afar

Jumapili, 15. Mwezi wa tatu 2026, 03:09:36

Gambella gold production up 35 percent

Jumatano, 11. Mwezi wa tatu 2026, 07:53:08

Egypt approves contractor for nationwide airborne minerals survey

Ijumaa, 20. Mwezi wa pili 2026, 21:52:05

China-US critical minerals rivalry intensifies with African mine deals

Ijumaa, 13. Mwezi wa pili 2026, 22:07:16

Ethiopia inaugurates Arjo castor seed processing factory

Jumatatu, 9. Mwezi wa pili 2026, 17:51:38

Trade tariffs and rail woes test South Africa's mining resilience

Alhamisi, 5. Mwezi wa pili 2026, 08:17:54

Gold boom buoys exports but erodes central bank's stability

Jumamosi, 10. Mwezi wa kwanza 2026, 05:40:33

Akobo Minerals reports first profit, targets higher production by 2026

Alhamisi, 18. Mwezi wa kumi na mbili 2025, 05:17:10

Chile's gold production reaches record since 2015 through October

 

 

 

Tovuti hii inatumia vidakuzi

Tunatumia vidakuzi kwa uchambuzi ili kuboresha tovuti yetu. Soma sera ya faragha yetu kwa maelezo zaidi.
Kataa