Mines seek reduction in new power rates

[img:Ghana1%20-%20Pic%201_0.jpg|Aerial photo of
Iduapriem plant – one
of the many mines
in Ghana facing a
100% increase in
power tariffs
]Accra, Ghana --- MININGREVIEW.COM --- 02 July 2008 - The Ghana Chamber of Mines says mining companies in the country are negotiating with the government to seek a reduction in a 100% power rates increase resulting from an official move to cut electricity subsidies.

Obuasi back in profit soon

[img:AngloGold%20_%20Pic%201_0.jpg|AngloGold Ashanti’s
Obuasi gold mine
in Ghana
]Obuasi, Ghana --- MININGREVIEW.COM --- 01 July 2008 - A US$175 million (R1.4 billion) revamp should put AngloGold Ashanti's loss-making Obuasi mine in Ghana back into profit soon, allowing the century-old pit to stay in business for another 25 years.

Senior mines manager Ahmed Bashiru told Reuters in an interview at the mine: “We have a lot of reserves, almost in the same quantities as we have mined since its commissioning.”

US$500 million bauxite mine for Guinea- Bissau

[img:Bissau_0.jpg|Bissau – the capital of
Guinea-Bissau, where
a giant new bauxite
mine is to be
developed
]Bissau, Guinea-Bissau --- MININGREVIEW.COM --- 30 June 2008 - Angola is developing a US$500 million (R4 billion) project to mine 3 million tonnes of bauxite a year in Guinea-Bissau in a regional investment foray by sub-Saharan Africa's No. 2 oil producer.

Possible takeover of West African Diamonds

[img:West%20African%20-%20Pic%201_0.jpg|View of the
flooded Droujba
pit in Guinea
]London, England --- MININGREVIEW.COM --- 27 June 2008 - West African Diamonds plc – an AIM-listed diamond and precious metals explorer and developer – may be taken over in the near future.

In an operational update issued here, the company confirmed that it had received an approach from a third party which, if discussions were concluded satisfactorily, might lead to a takeover of the company. A non-binding memorandum of understanding had been signed, due diligence was being conducted and a conclusion was likely within eight weeks.

Gold Fields suspends resumption of mining at Damang

[img:Gold%20Fields24_0.JPG|At work in an open
pit in Damang
]Accra, Ghana --- MININGREVIEW.COM --- 24 June 2008 - The Ghana subsidiary of South Africa's Gold Fields Limited has suspended a planned resumption of underground mining at its Damang operation in Ghana, after what company officials have described as “an invasion” of the site by illegal artisanal miners.
 

Mano River results encouraging

[img:1Mano%20-%20Pic%201_0.jpg|Stellar Diamonds CEO
Karl Smithson sieving
a stream sediment
sample at the Kono
project in Sierra
Leone
]London, England --- MININGREVIEW.COM --- 20 June 2008 - Mano River Resources Inc. – a Toronto Stock Exchange and AIM-listed exploration and development company focused on West Africa – has made significant progress in its Kono kimberlite diamond project in Sierra Leone.

Perkoa zinc prospects improve

[img:Perkoa%20-%20%20Pic%201_0.jpg|Construction at the
Perkoa portal in
preparation for last
month’s first blast
]Sydney, Australia --- MININGREVIEW.COM --- 19 June 2008 - The Perkoa zinc mine – located in the Sanguie Province of the West African state of Burkina Faso, 120 km west of the capital, Ouagadougou – has shown across-the-board improvement with increased production, grades and life-of-mine (LOM). Net present value (NPV) has risen sharply to US$105.8 million (more than R800 million).

Orezone improves its Essakane economics

[img:Orezone1%20-%20Pic%201_0.jpg|This spectacular sample
of gold, taken from
Orezone's Essakane
property, contains about
1,000 grams (35 ounces)
of gold
]Ottawa, Canada --- MININGREVIEW.COM --- 02 June 2008 - Orezone Resources Incorporated – an exploration company and emerging gold producer – has shown an increase of almost 20% in recoverable reserves at its Essakane gold project in Burkina Faso, and is boosting both plant capacity and production at the mine substantially.

Mano signs agreement with the Russians

[img:Mano%20-%20Pic%201_0.JPG|Mano’s gold programme
drill rig at New
Liberty, in Liberia
]London, England --- MININGREVIEW.COM --- 26 May 2008 - Mano River Resources Inc. – an exploration company focussed on gold, diamonds and iron ore in west Africa – has signed agreements with a wholly-owned subsidiary of leading Russian steel and natural resources company Severstal which will help finance the giant Putu Range iron ore project in Liberia.

AngloGold spending US$231 million to boost production

[img:Ghana%20-%20Pic%201_0.JPG|Aerial photo of
AngloGold’s Iduapriem
plant in Ghana, with
old heap leach heaps
in the background
]Accra, Ghana --- MININGREVIEW.COM --- 23 May 2008 - AngloGold Ashanti – one of the world’s top gold producers – is to spend more than US$230 million (R1.75 billion) on two of its Ghana operations this year in a move directed at expanding and sustaining their life-of-mine.

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