Africa-Updates

Oscillate PLC, a company advancing global exploration and development-stage strategic metals opportunities focussed on copper, has entered into a non-binding Heads of Terms (HoTs) with Kalahari Copper to acquire, a BVI company which holds via its wholly owned Botswanan subsidiary, prospecting licences over Dalsu Prospects in Botswana.

Five years after its formation, the Twiga partnership between Barrick Mining Corporation and the government of Tanzania continues to redefine the role of mining in national development, delivering shared value, operational excellence and long-term investment in the country’s future.

ASX-listed Botala Energy has announced a key milestone in the commissioning of its Project Pitse pilot well-cluster in Botswana, with Serowe-3.4A well successfully brought online. This follows initial production from Serowe-3.1, which is now delivering daily pressure three times greater than previously recorded following recent acid washing, indicating excellent reservoir response.

The African Development Bank has awarded a US$1 million grant through the Fund for African Private Sector Assistance (FAPA) to support the development of green skills among South African youth. The National Business Initiative, an independent business movement comprising nearly 100 South African and multinational companies, will implement the grant.

Gold miner, Barrick Mining has announced that drilling results from the ARK-KCD corridor continues to strengthen confidence in its scale and continuity, demonstrating the potential to host significant additional orebodies and further extend the life of mine at Kibali, Africa’s biggest and greenest gold mine.