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Barrick Gold Faces Tough Quest in Seeking a Partner 1 Partnership Gold International 

Barrick Gold Faces Tough Quest in Seeking a Partner

Constance
Barrick Gold Corporation (NYSE: GOLD) is a major gold and copper producer worldwide, but its efforts to increase its copper production through acquisitions have been unsuccessful. First Attempt: Barrick Gold’s Merger with Freeport-McMoRan A potential merger between Barrick Gold and Freeport-McMoRan made sense due to both companies producing gold and copper, with Freeport-McMoRan being predominantly a copper producer. Barrick’s CEO, Mark Bristow, expressed a desire to grow the company’s copper segment, but the merger could not be achieved. Second Unsuccessful Attempt: Acquisition of Canadian Miner First Quantum Minerals Barrick Gold’s… Read More Here
Barrick Readies Porgera for Restart 2 Gold International 

Barrick Readies Porgera for Restart

Constance
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) is aiming to restart operations at the Porgera gold mine later this year, president and chief executive Mark Bristow says. This follows the Security Forum and the opening of the Development Forum on July 20, a precondition for the granting of a special mining lease, by the Minister of Mining, the Hon Sir Ano Pala, at an event attended by the Prime Minister, the Hon James Marape, the Governor of Enga Province, Sir Peter Ipatas and several thousand Porgerans. At the same event, the Mining Minister… Read More Here
Barrick Publishes GISTM TSF Disclosures 3 International Gold 

Barrick Publishes GISTM TSF Disclosures

Constance
Barrick, as a member of the International Council on Mining and Metals (ICMM), has fulfilled its commitment to provide disclosure under the Global Industry Standard on Tailings Management (GISTM) for all of its tailings storage facilities that are classified as ‘Very High’ or ‘Extreme’ consequence under the GISTM by August 2023. Barrick has also committed to provide disclosure for the remainder of its operated facilities by August 2025, also in accordance with the GISTM. Providing access to detailed information about our tailings facilities under the GISTM is in keeping with… Read More Here
Four Companies Call on DRC Head of State to Restore Legality on SAKIMA-Primera Gold Contract 4 Mining in DRC Gold 

Four Companies Call on DRC Head of State to Restore Legality on SAKIMA-Primera Gold Contract

Constance
Four partner companies of SAKIMA are making an urgent appeal to the President of the Democratic Republic of Congo, expressing their concern over what they describe as “enormous litigation” resulting from the recently reached agreement with Primera Gold. They are appealing for the President’s intervention to address and contain the situation. Below is their joint statement. DECLARATION OF MINING COMPANIES PARTNERS OF SAKIMA SA IN THE PROVINCES OF NORTH-KIVU, SOUTH-KIVU AND MANIEMA  The public company SAKIMA SA (Société Aurifère du Kivu et du Maniema) and the private company under Emirati… Read More Here
US Department of Energy Includes Copper in the List of Critical Minerals 5 Copper Battery Metals International 

US Department of Energy Includes Copper in the List of Critical Minerals

Constance
The U.S. Department of Energy (DOE) officially added copper to its list of critical materials last week, marking the first time a U.S. government agency has included copper on one of its official “critical” lists. like the European Union, Japan, India, Canada and China. The Critical Materials Assessment 2023, which rated materials based on their criticality to global clean energy technology supply chains, focuses on key materials at high risk of supply disruption that are part of integral part of clean energy technologies. The DOE Critical Materials List will inform… Read More Here
DRC: LICOCO Urges Withdrawal of Mining Titles from SAKIMA-Connected Firms 6 Mining in DRC 

DRC: LICOCO Urges Withdrawal of Mining Titles from SAKIMA-Connected Firms

Constance
Having castigated the non-compliance with the prescriptions of the Mining Code by a group of companies having concluded agreements with the mining company SAKIMA, the Congolese League for the Fight against Corruption (LICOCO) demands the outright withdrawal of the mining titles granted to these mining companies. In a press release published on this subject, LICOCO thus indexes the companies Stone Mining Compagny Sarl, CDMC Sarl, AMUR Sarl and DF SA Mining Congo.  The latter are accused of violating the law relating to the exploitation of mines in the Democratic Republic… Read More Here
Bemetals Announces C$ 5.3 Million Private placement with Strategic Investor B2Gold Corp 7 Mining in Zambia Gold 

Bemetals Announces C$ 5.3 Million Private placement with Strategic Investor B2Gold Corp

Constance
BeMetals Corp. (TSXV: BMET, OTCQB: BMTLF, Frankfurt: 1OI.F) (the “Company” or “BeMetals”) announces it has secured up to C$5.3 million of funding with strategic investor B2Gold Corp. (TSX: BTO, NYSE American: BTG, NSX: B2G) (“B2Gold”), consisting of a C$3.3 million convertible debenture private placement and a commitment for additional funding of C$2 million. John Wilton, President and CEO of BeMetals stated, “With the support of our cornerstone and strategic investor B2Gold, we look forward to delivering continued positive results from ongoing exploration at our Kazan portfolio of gold projects in Japan… Read More Here
DRC Mines Seek Water Stewardship Collaboration 8 Mining in DRC Environment Social Governance (ESG) 

DRC Mines Seek Water Stewardship Collaboration

Constance
While the Democratic Republic of Congo (DRC) is abundant in water, the mining industry faces significant water-related challenges, particularly concerning the impact of dewatering on groundwater levels, according to SRK experts. The rapid growth of the mining sector in the DRC, driven by the increasing demand for battery minerals, has intensified the issue. With multiple mines opening in close proximity to one another and extending deeper into the ground to access orebodies, larger volumes of water are being pumped to the surface. This process affects both the aquifers from which… Read More Here
Barrick Targets 2028 for First Production from Reko Diq 9 Gold International 

Barrick Targets 2028 for First Production from Reko Diq

Constance
 Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) president and chief executive Mark Bristow says with the updated feasibility study on the giant Reko Diq copper-gold project making rapid progress, the company is aiming to start production in 2028. Speaking at the inaugural session of Pakistan’s first Minerals Summit, Bristow said the signing of the New Reko Diq agreement last year was a landmark event in the development of a mining industry in Pakistan, a process which will be accelerated by the Minerals Summit. “I hope the momentum created by this event will be… Read More Here
West Africa's Mining Industry Flourishes with Gold Production at the Helm 10 Gold International 

West Africa’s Mining Industry Flourishes with Gold Production at the Helm

Constance
There has hardly been a more exciting time for West Africa’s mining sector. For an industry that has grown steadily since the 1990’s, the implementation of new legal frameworks, mining codes, environmental standards and more efficient permitting processes, has promoted the development of the industry to new heights and encouraged private sector engagement and investment. As more projects increasingly populate the landscape, the region has emerged as a key player in markets of global significance, most notably gold. While sub-Saharan production of this resource has historically been dominated by South Africa,… Read More Here

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