Gold - Copperbelt Katanga Mining

Gold Mining in Zambia New Mining Projects

Zambia to amend mining rules to treat gold as strategic asset

June 4, 2020June 4, 2020 arnbethnic

Zambia is moving to amend gold-mining rules so that they treat the metal as strategic. The cabinet agreed to amend the Mines Act to align it with a policy set last October to recognize gold as a strategic mineral. That requires production by artisanal miners to be bought through the state-owned mining investment company ZCCM-IH Plc. The cabinet’s May 20 approval to modify laws and regulations stemmed from a proposal from the mines minister, according to the ministry’s permanent secretary, Barnaby Mulenga. Zambia wants its national gold production to help… Read More Here

Gold Mining in Zambia

Zambia’s Gold partnerships raises more “gold dust”

May 27, 2020May 27, 2020 arnbethnic

With the recent discoveries of Gold in various parts of Zambia, there seems to be great interest in the speedy exploitation of the mineral. The general citizenry is hoping for a super economic relief on a debt-burdened country. Expectations of job creation, more forex, more taxes and an economic mining diversification from copper to the newfound Gold. Following the frenzied gold discoveries in Kasenseli, Mwinilunga district of northwestern province of Zambia, the government made some pronouncement on the prudent exploitation of this strategic mineral for the greater benefit of Zambians.… Read More Here

Gold Mining in Zambia

ZCCM-IH and its Investment Strategy in the Gold Sector in Zambia | A statement by ZCCM-IH

May 26, 2020May 27, 2020 arnbethnic

Lusaka, Zambia – ZCCM Investments Holdings (ZCCM-IH) has prioritised investments in the mining sector particularly in other minerals such as gold and manganese. As mandated by Government to harness the gold potential in the country, ZCCM-IH strategy is to forge partnerships with any industry player within the gold value chain. The partnership with Karma Mining Services and Rural Development is one such partnership were the joint venture (Consolidated Gold Company Zambia) is entirely focused on gold processing. The following account provides clarity on various issues raised by stakeholders: The partnership… Read More Here

Covid-19 Gold International

AngloGold shuts Mponeng mine after finding 164 coronavirus cases

May 25, 2020May 27, 2020 arnbethnicCOVID-19, Gold, Mponeng

AngloGold Ashanti’s Mponeng mine in South Africa has been temporarily closed after 164 workers tested positive for the coronavirus, the gold miner said in a statement on Sunday. The mine, the deepest in the world, only reopened in April after being shut under a nationwide lockdown and had been operating at around 50% capacity. It accounted for around 7.4% of the company’s total gold production in 2019. THE MINE, THE DEEPEST IN THE WORLD, ONLY RE-OPENED IN APRIL AFTER BEING SHUT UNDER A NATIONWIDE LOCKDOWN AngloGold Ashanti, which also operates mines… Read More Here

Gold International

Tanzania allows Barrick to ship out gold concentrate

May 25, 2020May 25, 2020 arnbethnic

Barrick Gold (TSX:ABX) (NYSE:GOLD) will finally be able to ship gold concentrate containers out of Tanzania, which has been sitting at Dar es Salaam Port for three years due to a dispute over taxes between the country and the gold giant’s now-defunct subsidiary, Acacia Mining. The decision comes four months after reaching a deal with Barrick, which ended the tax row and granted the government a stake in three gold mines operated by the Canadian gold giant through a joint venture — Twiga Minerals. BARRICK HAS PAID TANZANIA $100M TOWARDS THE $300M AGREED IN… Read More Here

Gold Mining in Zambia

Zambia partners with Array Metals to process gold

May 20, 2020May 21, 2020 arnbethnic

LUSAKA – Zambia’s state mining investment company ZCCM Investments Holdings (ZCCM-IH) has entered into a joint venture with mining services firm Array Metals to process production from a gold deposit, the company said in a statement on Wednesday. Africa’s second-largest copper producer, Zambia is trying to diversify its revenue base, and aims to produce 40 000 kg of gold in 2020 from primary and secondary sources including gold bought from small-scale miners. ZCCM-IH subsidiary Consolidated Gold Company Zambia (CGCZ) will hold 65% of the project processing gold in Mumbwa, west of… Read More Here

Gold Mining in Zambia

CONSOLIDATED GOLD COMPANY (CGCZ) GOLD PROCESSING OPERATIONS COMMENCES IN RUFUNSA

May 17, 2020May 17, 2020 arnbethnic

Phase one of the Consolidated Gold Company Limited (CGCZ) gold processing project in Rufunsa has commenced. The Phase involves ten (10) gold milling plants with a processing capacity of 30 tonnes of ore per day, and a targeted average of 7.5 kilograms gold production per month. The next stage of the Phase is also underway which involves the setting up of the gold vat leaching plant in Rufunsa. The plant is aimed at chemically processing the gold stockpiles from two old gold mines, and concentrates from the gold milling plants. … Read More Here

Gold Economy International

Gold price nears a rare 3-week high

May 16, 2020May 16, 2020 arnbethnic

Economic risk and uncertainty are driving a lion’s share of investor demand for gold. (Image: Lion Gate Statue at Twickenham Stadium – Wikimedia Commons) Gold price climbed again Thursday, approaching a three-week high, propelled by investor demand for safe-haven assets due to heightened concerns over long-term economic impact of the coronavirus crisis. Spot gold rose 1.0% to $1,733.20 per ounce, its highest since April 24. Gold futures for June delivery gained 1.5% to $1,741.80 on the Comex exchange. SPDR Gold Trust holdings, the world’s largest gold-backed exchange-traded fund (ETF), jumped to… Read More Here

Gold Mining in Zambia

7 People Arrested for being in possession of 220Kg Gold ore samples in Mwinilunga

May 16, 2020May 16, 2020 arnbethnicGold Ore, Kasenseli, Mwinilunga

Police in Mwinilunga District in North Western Province have arrested Seven people who were found in possession of Six bags of Gold ore samples, weighing 220 Kgs. Zambia Police spokesperson Esther Katongo says on 10th May, 2020 between 01 00 hours and 0200 hours, Police carried out an operation at Kasenseli Gold Mining where they impounded a Toyota Fortuner Registration number DBC 78, white in colour, with Seven people on board. Mrs Katongo says the seven had in their possession Six bags of Gold Samples and 2 Metal detector machines.… Read More Here

Gold Mining in Zambia

Karma Mining Services JV with ZCCM-IH to start gold processing by end of March

May 13, 2020May 13, 2020 arnbethnic

The Karma Mining Services and Rural Development – KMSRD joint venture – JV with ZCCM Investment Holdings to form a gold company “Consolidated Gold Company of Zambia – CGCZ Ltd” for the purpose of developing a gold processing operation in Zambia will take off by end of March 2020. The company in which ZCCM-IH have a shareholding of 45% and 55% for KMSRD respectively has invested about US$ 3.5 million into a laboratory which has been set to determine the gold content accurately in the ore that will be received… Read More Here