Energia Africa

Actualité, Energie, environnement, Hydrocarbures

Another mining company enters the West African gold sector

The mining company Diamond Fields Resources (DFR) which holds mining permits in Namibia and also has a zircon project in Madagascar announced on August 25 the acquisition of the company Moydow Holdings. development company working in West Africa with assets in three African countries: Mali, Burkina Faso and Nigeria.

With the acquisition of Moydow, Diamond Fields Resources takes an 80% interest in the Labola gold project in Burkina Faso, where a first resource estimate is expected before the end of the year also obtains a 40% interest in the Malian Kalaka gold project, and 10% in various gold projects in Nigeria.

For Sybrand Van Der Spuy, CEO Diamond Fields Resources  « We believe that the transaction represents an irresistible opportunity in the gold sector and in Africa, the continent on which all our recent investments have been made   « .