🇬🇦 Gabon Faces Oil Pollution
🌏 The Ministry of Environment, Ecology and Climate of Gabon confirmed that 2 oil slicks around 90-95 sq. km are now floating off the countrie's coastline near Mayumba.
The Ministry recommends that local people
Who and how caused this pollution remains unknown.
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The Ministry recommends that local people
"temporarily limit the use of natural resources in the impacted areas, in particular fishing, swimming, the collection of non-wood forest products and leisure activities"
Who and how caused this pollution remains unknown.
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🇬🇭 What's Wrong With Ghana's Gold
On Friday Ghana's president held a meeting with civil society representatives intended to discuss solutions to Ghana's "galamsey" problem - massive illegal gold mining that poisons rivers and causes deforestation.
Over the past decade Ghana tried:
👉 Teprorarily banning small-scale mining
👉 Vice-versa expanding legal small-scale mining by massive license distribution
👉 Deporting foreign nationals involved + restricting visa granting rules
👉 Transferring the monopoly to buy gold from small-scale miners to the Gold Board, created in April 2025
What's interesting is that none of this had really had any significant impact yet. Partly this is the reason why some in Ghana are calling on the president to declare a state of emergency.
How exactly the latter can help fix the "galamsey" problem is once again unclear.
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On Friday Ghana's president held a meeting with civil society representatives intended to discuss solutions to Ghana's "galamsey" problem - massive illegal gold mining that poisons rivers and causes deforestation.
"I don’t gain anything from galamsey. I’m not personally involved in galamsey. I have no interest in galamsey continuing", said the president.
Over the past decade Ghana tried:
What's interesting is that none of this had really had any significant impact yet. Partly this is the reason why some in Ghana are calling on the president to declare a state of emergency.
How exactly the latter can help fix the "galamsey" problem is once again unclear.
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🇧🇼 Botswana And US To Strike A Deal
🌏 The country's president claims Botswana and the US will soon conclude an agreement reducing the US import tariff on Botswana's diamonds.
The African country, in return, will grant the US heavenly business conditions - priority access to its critical minerals, reduction of non-tariff barriers, plus self-imposed committment to accept certain US standards.
❓ In August Trump introduced additional duties on Botswana-originating products.
While some countries can afford ago-f*ck-yourself response to such actions by the US, Botswana has no choice but a sign contract with the devil as its diamond-reliant economy is still suffering from a plunge in diamond prices.
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The negotiations are in an advanced stage. We are on the verge of reaching an agreement.
The African country, in return, will grant the US heavenly business conditions - priority access to its critical minerals, reduction of non-tariff barriers, plus self-imposed committment to accept certain US standards.
While some countries can afford a
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🇲🇱 The Most Timely Coincidence
On Friday 70 fuel trucks were reported to be prevented from setting off to Allied Gold's Sadiola mining site in Western Mali due to a threat of the convoys being ambushed by Jama'at Nusrat al-Islam wal-Muslimin (JNIM).
A more nuanced consideration of this event led me to 2 unevident discoveries:
👉 Just 2 days earlier (1 October) Allied Gold announced it was going to overhaul its energy system, bringing in more efficient diesel generators and moving towards deploying a solar power plant
👉 All the time hitherto that HUGE mining complex near Sadiola has been relying SOLELY on diesel power generation (especially given its remote location)
Not sure it was exactly Jama'at Nusrat al-Islam wal-Muslimin that pushed Allied Gold's green transition, but actually it's a shame they still have to send fuel trucks to generate electricity on the site.
Allied Gold has been running the gold mine for almost 6 years, with the mine being in exploitation for almost 30 years in total
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On Friday 70 fuel trucks were reported to be prevented from setting off to Allied Gold's Sadiola mining site in Western Mali due to a threat of the convoys being ambushed by Jama'at Nusrat al-Islam wal-Muslimin (JNIM).
A more nuanced consideration of this event led me to 2 unevident discoveries:
Not sure it was exactly Jama'at Nusrat al-Islam wal-Muslimin that pushed Allied Gold's green transition, but actually it's a shame they still have to send fuel trucks to generate electricity on the site.
Allied Gold has been running the gold mine for almost 6 years, with the mine being in exploitation for almost 30 years in total
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🇨🇩The DRC Will Punish Lawless Miners
🌏 According to a Reuter's insider, the DRC is going to pointedly permanently and ban cobalt exporters that violate its new quota system.
The desire to uphold prices is easy to understand. Though the DRC'd better increase its revenue by harnessing illegal artisan cobalt mining.
The video shows the consequences of an illegal mine collapse in the DRC in 2023.
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The desire to uphold prices is easy to understand. Though the DRC'd better increase its revenue by harnessing illegal artisan cobalt mining.
The video shows the consequences of an illegal mine collapse in the DRC in 2023.
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🇳🇬 Nigeria's Oil Stealers
🌏 The Nigerian Army has reportedly destroyed 41 illegal refineries and recovered about 49,300 litres of stolen crude oil in September-October.
❓ Oil theft-related losses in Nigeria peaked at 102,000 barrels (11,970,000 litres) in 2021. Since then daily stolen volumes had contracted tenfold (officially) as of July, 2025.
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🇨🇮 Barrick Sells Mine To An Ivory Coaster
Canadian Barrick has announced it sells its 89.7% stake in Tongon gold mine to the Atlantic Group, a major ivorian multisector investor.
📈 For Ivory Coast the deal marks the 1ST time a local company takes control over a major gold mine;
📈 For the Atlantic Group it's a viable and still (after many years of exploitation) profitable asset, that will supposedly generate revenue up to at least 2027;
📉 For Barrick it's another step in assets optimization, and not the most profitable one (China's Zijin allegedly offered $500 million for the same mine, which is now being sold for $300 million)
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Canadian Barrick has announced it sells its 89.7% stake in Tongon gold mine to the Atlantic Group, a major ivorian multisector investor.
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🇳🇬 US Aims For Nigeria's Minerals?
Yesterday US' republican congressman Riley M. Moore publicly called for the recognition of Nigeria as a country of particular concern citing an alleged persecution of Christians.
👁 If there's more to it than a mere cry for attention, the US may be aiming to strike another Best and Beautiful Deal of The Century (imminently leading to a Nobel Peace Prize) regarding Nigeria's solid minerals.
Just a reminder - China has already opened at least 2 lithium processing facilities in Nigeria, with up to 3 enterprises on various stages of development.
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Yesterday US' republican congressman Riley M. Moore publicly called for the recognition of Nigeria as a country of particular concern citing an alleged persecution of Christians.
Nigeria is the deadliest country in the world for Christians and the world stands by silently.
That's why I'm urging Secretary Rubio to designate Nigeria as a Country of Particular Concern to unlock diplomatic levers to protect our brothers and sisters in Christ.
Just a reminder - China has already opened at least 2 lithium processing facilities in Nigeria, with up to 3 enterprises on various stages of development.
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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:
How many genuinely African companies are there in African gold mining? We'll speak of it next time.
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🤔 Senegal’s Vicious Oil Circulation
🛢 In the twisted world of supply chains no one would be surprised to learn that Senegal, having its own large crude oil deposits, imports refined fuel products from abroad. After all, there is only one modest refinery.
However, the Senegalese love oil SO MUCH that they also import crude oil fromNigeria .
It turns out, not only the Senegalese unique refinery produces very humble output (30,000 barrels/day), but it also fails to process local sorts of oil. So they foundNigeria’s crude more suitable.
💵 As a result, Senegal is deprived of foreign currency twice. I wouldn’t even dare to imagine what a horror is unfolding on the pages of their balance of payments.
However, despair thou shalt not. There is also a hope for deliverance for Senegal’s oil sector.
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However, the Senegalese love oil SO MUCH that they also import crude oil from
It turns out, not only the Senegalese unique refinery produces very humble output (30,000 barrels/day), but it also fails to process local sorts of oil. So they found
However, despair thou shalt not. There is also a hope for deliverance for Senegal’s oil sector.
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In our observation of African mining developments we cannot leave unattended today’s trading
Once upon a time
While the consensus now is further consistent growth, for our cause there are 2 significant trends to observe:
After all, the paradox of plenty was coined for a reason.
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🇨🇩 DRC Reveals Underpayments
🌏 Mining companies operating in the DRC underreported $16.8 billion in revenue in 2018-2025, leading to $50.4 million in lost contributions to local community development funds.
wrote J.Conrad in "Heart of Darkness" in 1899
Very meaningful 👐, but what he probably didn't mean is that in 2025 mining management's minds would be occupied with number juggling in an attempt to save a needy multibillion-dollar corporation another dozen million dollars on local development.
The video shows a recent BBC capture of work conditions at a coltan mine in the Eastern DRC.
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"The mind of man is capable of anything - because everything is in it, all the past as well as the future"
wrote J.Conrad in "Heart of Darkness" in 1899
Very meaningful 👐, but what he probably didn't mean is that in 2025 mining management's minds would be occupied with number juggling in an attempt to save a needy multibillion-dollar corporation another dozen million dollars on local development.
The video shows a recent BBC capture of work conditions at a coltan mine in the Eastern DRC.
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🇨🇩 DRC Reveals Underpayments 🌏 Mining companies operating in the DRC underreported $16.8 billion in revenue in 2018-2025, leading to $50.4 million in lost contributions to local community development funds. "The mind of man is capable of anything - because…
In the world where wild capitalism is curbed by social and governmental restraints, investing in the life around mine can allow to buy cheaper services of the locals (since they do not run away from a company's mines) and attract more non-local specialists (since there will be more to their leisure time than watching grass grow) - to say nothing of gaining popular support for certain business-favourable policies.
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🇿🇼 From Ore to More: Zimbabwe Urges Internal Processing
🌏 Harare called for investments in internal mineral processing, pairing a crackdown on graft with tighter oversight of miners.
said Vice President Chiwengo
Zimbabwe remains one of Africa’s most consistent and successful champions of domestic processing.
Having imposed restrictions on raw lithium exports in 2022, Harare went on to ban as well the export of lithium concentrates (in force from 2027).
📈 Since the enactment of the first restrictions, 5 brand new facilities were constructed in Zimbabwe, which process lithium ore into concentrates.
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“To the processors and off takers, the era of raw mineral exports must give way to beneficiation and value addition”,
said Vice President Chiwengo
Zimbabwe remains one of Africa’s most consistent and successful champions of domestic processing.
Having imposed restrictions on raw lithium exports in 2022, Harare went on to ban as well the export of lithium concentrates (in force from 2027).
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🇨🇩 Gold Fever Reaches the DRC
🌏 The DRC's Central Bank has announced its plan to build up gold reserves. Despite producing over 40 tons of gold annually, the DRC has historically maintained virtually no official gold reserves.
According to the Central Bank's recently appointed Head,
📍 Supposedly, to this end the Central Bank is planning to acquire the gold produced loclly, a strategy already in place in Burkina Faso, Nigeria and South Africa.
However, the DRC does not have its own gold refineries (see the pic), which means that the Central Bank will have to purify purchased gold at its own expense somewhere abroad.
👁 Otherwise, in case of an economic emergency, the Central Bank may find itself buried under a mountain of 70% doré gold no one wants to buy.
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According to the Central Bank's recently appointed Head,
"that will not only reinforce the franc but also permit the franc to be traded internationally because it will be backed by reserves in gold, above and beyond dollar reserves."
However, the DRC does not have its own gold refineries (see the pic), which means that the Central Bank will have to purify purchased gold at its own expense somewhere abroad.
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When Mansa Musa passed through Cairo in 1324, he spent and gifted so much gold that local prices plunged for years. Africa still glitters, but, as we showed in our recent material of the continent's top gold miners, most industrial output is booked by foreign corporations.
Behold the top 10 African-founded gold producers:
With more countries pushing local refining there’s a real opening for African businesses to scale from pits to processing — and ensure that the next gold story isn’t just about who digs, but who
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🇧🇼 Botswana: 24% Home or Don’t Come
🌏 Botswana has started enforcing a 24% local ownership rule for new mining concessions. If the state chooses not to buy the stake itself, companies must sell 24% to local investors or firms.
if I'm not misspelling
Botswana is not the first to introduce an obligatory local share for new enterprises:
👉 South Africa: 30% under the Mining Charter for new mining rights
👉 Zimbabwe: 51% in strategic minerals
👉 Ghana: 10% government free carry in mineral rights.
👉 Tanzania: 16% government free carry
👉 Namibia: 5–20% progressive by development stage.
This further strenghens the trend towards local value creation and broader taxation of mining projects in the era of ever-rising commodity prices.
By the way, this genuinely global trend also shows why accusing the some governments (e.g. Mali, Niger etc) of resource nationalism is nothing more than partisanship or inability to see the whole picture.
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"Anyone who has two shirts should share at least 24% with the one who has none",Luke 3:11,
Botswana is not the first to introduce an obligatory local share for new enterprises:
This further strenghens the trend towards local value creation and broader taxation of mining projects in the era of ever-rising commodity prices.
By the way, this genuinely global trend also shows why accusing the some governments (e.g. Mali, Niger etc) of resource nationalism is nothing more than partisanship or inability to see the whole picture.
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🇲🇱 Mali’s Loulo Prepares to Blast Again
🌏 Mali’s provisional administration will restart blasting at Loulo–Gounkoto mine on October 15, four months after Bamako took control of the mining complex from Barrick amid a dispute over the new Mining code.
📉 Due to the prolonged dispute engendered by Barrick's unwillingness to comply with the new Mining code of 2023, Mali’s industrial gold output has fallen 32% year on year.
📑 This month the World Bank's arbitration court is expected to rule on the legitimacy of the provisional administration establishment. The latest developments look like a sign of Mali's resolve to go on running Loulo-Gounkoto without his majesty Barrick's highest consent.
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🇲🇱🇺🇸 Moral Outrage at 9, Due Diligence at 10
A US mining company Flagship Gold Corp has signed an agreement with Malian government marking the first American investment in Mali's gold mining under the revised 2023 Mining code (which grants the state up to 30 percent ownership in new projects and eliminates some tax exemptions).
Confucius, 5th century BCE
🤝 Despite accusations of “resource nationalism,” Bamako has already successfully renegotiated the terms of operating with a series of companies: Allied Gold, B2Gold, Resolute Mining, Ganfeng (among others). The only big outlier here remains Barrick.
The object of the latest agreement is Morila gold mine, a world-class open-pit in the country's South-East that was forfeited in June, 2025 after Australian Firefinch abandoned it in 2022. It is believed the mine contains approximately 2.5 million oz in remaining reserves.
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A US mining company Flagship Gold Corp has signed an agreement with Malian government marking the first American investment in Mali's gold mining under the revised 2023 Mining code (which grants the state up to 30 percent ownership in new projects and eliminates some tax exemptions).
Principles are one thing, $4,000 an ounce is another.
Confucius, 5th century BCE
The object of the latest agreement is Morila gold mine, a world-class open-pit in the country's South-East that was forfeited in June, 2025 after Australian Firefinch abandoned it in 2022. It is believed the mine contains approximately 2.5 million oz in remaining reserves.
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🌍 Rare Earth, Real Stakes: What's In A Name of REE? [1/2]
🌏 On Thursday (October 9) China imposed additional restrictions on the exports of rare earth elements (REEs) which provoked a new iteration of tariff hysteria on the part of the US. Amid these developments we've decided to speak about what's the situation with REEs in Africa.
🤓 As the reader may already know, Africa is rich in Cobalt, Manganese, Grahite, Lithium - so, these are not rare earths. The REAL REEs are Europium, Holmium and 15 more "-um" elements no one had ever heard of, since their formation in the Mesozoic and up to two or three years ago.
🎛 The significance of REEs in our high-tech era has also become a household name: certainly, without them Chinese batteries would not battery, and American F-35 airfighters would not airfight. If this explanation seems insufficient, one may merely look and the degree of tensions that arise any time somebody (mostly the PRC) tries to limit exports of REEs.
As regards Africa, the largest known deposits of this flesh and blood of high-tech are located in Tanzania, Angola and Kenya (see one of the pics).
❗️ Surprisingly, the only known REEs producers are completely different: they are Madagascar and Nigeria, which is now the leading REEs exporter in Africa.
‼️ What's even more surprising, before 2024 nobody had even had an idea of Nigeria's potential leadership in the sphere of REEs. And then the country started exporting some 7,000 tons of REEs oxydes literally out of the blue. 👇
The question of who, where and how extracts and produces Nigerian REEs still remains vague.
Next week we are going to publish one of our most interesting articles, which will be devoted to this issue.
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🤓 As the reader may already know, Africa is rich in Cobalt, Manganese, Grahite, Lithium
As regards Africa, the largest known deposits of this flesh and blood of high-tech are located in Tanzania, Angola and Kenya (see one of the pics).
The question of who, where and how extracts and produces Nigerian REEs still remains vague.
Next week we are going to publish one of our most interesting articles, which will be devoted to this issue.
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