International news within the industry of mining and metal, May, 22 2019
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Canadian gold miner buys African gold project

Photo: Cache Exploration
Photo: Cache Exploration
Published by
Jaroslaw Adamowski - 06 May 2019

Takeover in West Africa Canada’s Cache Exploration Inc. has an-nounced its acquisition of a 100% mineral interest in a gold project located in Mali.

 

The Canadian business purchased the stake in the Kokoyon property from a private vendor, Rachid Mogabgab, the Vancouver-based com-pany said in a statement.

 

"We are very excited to acquire this high grade Mali Gold project. The company plans to explore the high grade gold samples on the prop-erty immediately after approval of this project," said Jack Bal, the chief executive of Cache Exploration, as quoted in the statement.

Cobalt mine in Democratic Republic Congo. About half of all mined cobalt comes from DRC, mainly from the province of Katanga. The mining takes place close to towns and villages. Local communities regularly are cut off from their farmland and water sources near mines, without having had a say in the matter. There are several examples of forced relocations of entire villages. Inhabitants of the village Kishiba, for example, were forced to move to make way for Frontier, a cobalt and copper mine. Their new homes in Kimfumpa lack the most basic of services such as clean water, fertile farmland, schools and health care. Photo: ECCJ Secretariat
Cobalt mine in Democratic Republic Congo. About half of all mined cobalt comes from DRC, mainly from the province of Katanga. The mining takes place close to towns and villages. Local communities regularly are cut off from their farmland and water sources near mines, without having had a say in the matter. There are several examples of forced relocations of entire villages. Inhabitants of the village Kishiba, for example, were forced to move to make way for Frontier, a cobalt and copper mine. Their new homes in Kimfumpa lack the most basic of services such as clean water, fertile farmland, schools and health care. Photo: ECCJ Secretariat

Chinese control half of the Congo's cobalt