Post #56

📍Who Really Digs It Up? As news slows a little, we've decided to speak about the real power players behind Africa’s resources. First up gold. Africa now accounts for roughly a quarter of global mine supply—about 1000 tonnes in 2024—though the majority of large-scale output comes from FOREIGN operators. In Africa 10 biggest gold miners are: 👉Barrick Gold (Canada): operating in DRC (Kibali - 45%), Mali (Loulo-Gounkoto), Tanzania (North Mara, Bulyanhulu). 👉AngloGold Ashanti (United Kingdom): operating in Egypt (Sukari), Ghana (Obuasi, Iduapriem), Guinea (Siguiri), Tanzania (Geita), DRC (Kibali - another 45%). 👉Newmont (United States): operating in Ghana (Ahafo). 👉Gold Fields (South Africa): operating in Ghana (Tarkwa), South Africa (South Deep). 👉Harmony Gold (South Africa): operating in South Africa (multiple underground operations). 👉Endeavour Mining (United Kingdom): operating in Senegal (Sabodala-Massawa), Ivory Coast (Ity, Lafigué), Burkina Faso (Houndé, Mana). 👉B2Gold (Canada): in Mali (Fekola Complex). 👉IAMGOLD (Canada): Burkina Faso (Essakane). 👉Perseus Mining (Australia): operating in Ghana (Edikan), Ivory Coast (Yaouré, Sissingué); advancing Tanzania (Nyanzaga) and holds Sudan (Meyas Sand) project. 👉Resolute Mining (Australia): operating in Mali (Syama), Senegal (Mako); advancing Ivory Coast (Doropo project). How many genuinely African companies are there in African gold mining? We'll speak of it next time. Devils Below