Gold - Copperbelt Katanga Mining

Mali Court Denies Barrick Mining’s Appeal to Release Detained Employees Amid Ongoing Dispute 1

Mali Rejects Barrick Gold’s Appeal Over Employee Arrests as Mining Dispute Deepens A court in Mali on Tuesday rejected an appeal by Barrick Gold Corporation to release four local employees who were arrested in November 2024, according to Judge Samba Sarr. This ruling marks the latest development in a prolonged standoff between the Canadian mining giant and Mali’s military-led government over taxes and mine ownership. Barrick, which has consistently dismissed the allegations as baseless, filed an appeal to free the employees from detention. However, Judge Sarr ruled the appeal “unfounded,”… Read More Here

Copper Corporate News Gold New Mining Projects

Tertiary Minerals Starts New Drilling at Mushima North After High-Grade Silver Hits

July 21, 2025September 29, 2025 Constance

Tertiary Minerals Launches 1,500m Drilling Campaign at Mushima North, Zambia After High-Grade Silver, Copper and Zinc Results AIM-listed Tertiary Minerals has commenced a planned 1,500-metre air-core and reverse-circulation (AC/RC) drilling programme at its Mushima North Project in north-west Zambia, focused on Target A1. The programme is designed to test the strike and downdip extensions of the polymetallic mineralisation discovered in late 2024. The follow-up campaign follows encouraging late-2024 results that the company reports as silver-rich intervals with associated copper and zinc — not gold. Reported intersections from the initial programme… Read More Here

Gold Mining in DRC

Gold Prices Rise Slightly as DRC Faces Call to Strengthen Mining Value Chain

July 15, 2025July 15, 2025 Constance

DRC Gold Prices Inch Up 0.35% Amid Global Tensions; Experts Urge Local Refining and Traceability The price of gold—a critical mineral resource for the Democratic Republic of Congo (DRC)—has seen a modest increase on the international market. From July 14 to 19, 2025, the price of one gram of gold rose by 0.35%, reaching $108.60, up from $108.22 the previous week, according to a press release from the National Commission of Mercuriales under the Ministry of Foreign Trade. While the increase may appear minor, experts warn it reflects a more… Read More Here

International Corporate News Gold

Mali Seizes Over $100M in Gold from Barrick Amid Political Power Grab and Mounting Instability

July 15, 2025July 15, 2025 Constance

Mali Confiscates $117M in Barrick Gold Days After Junta Leader Extends Indefinite Rule Mali’s military government has seized more than a ton of gold from Canadian mining giant Barrick, just days after junta leader Colonel Assimi Goïta signed a controversial law granting himself an indefinite presidential mandate. According to a statement from Toronto-based Barrick Gold, state helicopters arrived “unannounced” and removed approximately 35,000 ounces of bullion—worth about $117 million, based on Friday’s gold price of $3,324 per ounce. The company said the gold was potentially taken for sale by Mali’s… Read More Here

International Copper Gold New Mining Projects

Tyranna Resources Secures Majority Stake in Promising Maongo Copper-Gold Project in Angola

July 14, 2025July 14, 2025 Constance

Tyranna Resources Acquires 70% of Angola’s Maongo Copper-Gold Project Amid Growing Demand for Strategic Metals Tyranna Resources, an ASX-listed company, has signed agreements to acquire a 70% interest in the Maongo copper-gold project, located 25 km northeast of Namibe, Angola. The project comprises a single prospecting concession application covering 269 km², which is expected to be formally granted in the September 2025 quarter. The area hosts extensive historical mining infrastructure, including ore treatment sites, three main underground mining zones, and numerous secondary workings that predate Angola’s modern political era. Situated… Read More Here

Gold Economy International

Zimbabwe’s Gold Boom Undermined by Currency Policy, Say Miners

July 13, 2025July 13, 2025 Constance

Zimbabwe’s Gold Output Soars 43%, But Currency Rules Slash Miner Earnings Soaring gold prices are driving a surge in Zimbabwe’s gold production and export revenues, but restrictive foreign currency retention policies are significantly eroding mining companies’ earnings, the country’s mining industry association warns. Gold prices have jumped by over $800 an ounce since the start of the year, peaking at $3,500 an ounce in April before easing slightly to around $3,300 an ounce. The rally has been fueled by strong central bank demand, geopolitical tensions, and uncertainty in global markets.… Read More Here

International Corporate News Gold

Mali Military Airlifts $107M in Gold from Barrick’s Loulo-Gounkoto Mine to Fund Operations

July 11, 2025July 15, 2025 Constance

Mali Military Airlifts Gold from Barrick’s Loulo-Gounkoto Mine Amid Operational Restructuring A Malian military helicopter transported gold from Barrick Gold’s (NYSE: GOLD) Loulo-Gounkoto mining complex on Thursday, according to a report by Reuters. The airlift follows a court-appointed administrator’s decision to sell the site’s bullion to help finance ongoing operations. According to the report, the helicopter landed at the mine’s tree-lined airstrip and was met by the site’s security team. The personnel were then escorted to the plant’s gold room, where the bullion was loaded. The aircraft departed five hours… Read More Here

Mining in DRC Gold

DRC Gold Trading SA Injects $27M into Maniema by Formalizing Artisanal Gold Trade

July 7, 2025July 7, 2025 Constance

$27M Boost from DRC Gold Trading SA in Two Months Between March 25 and May 25, 2025, DRC Gold Trading SA achieved a significant milestone in the Maniema province of the Democratic Republic of Congo by channeling over 280 kilograms of artisanal gold through official and traceable circuits. This initiative resulted in the injection of more than $27 million into the local economy of Kindu, primarily through banked payments to local gold traders. This operation marks a turning point for Maniema’s economy, which has long been dominated by informal and… Read More Here

Mining in DRC Gold

Kibali Gold Mine Set for Long-Term Expansion as Barrick Confirms Major New Orebodies

July 4, 2025July 4, 2025 Constance

Barrick Gold (NYSE: GOLD) announced that recent drilling along the ARK-KCD corridor at its flagship Kibali mine in the Democratic Republic of Congo (DRC) has revealed significant new orebodies. These discoveries could extend the life of the Tier 1 asset well beyond its current 10-year production plan. Since commencing production in 2013, Kibali has successfully replaced every ounce of gold it has mined. Barrick noted that its total in-country investment has now exceeded $6.3 billion. Speaking to reporters, CEO Mark Bristow highlighted that a newly installed 16-megawatt solar-plus-battery plant has… Read More Here

International Corporate News Gold

Mali Appoints Temporary Administrator to Restart Operations at Barrick’s Loulo-Gounkoto Mine Amid Dispute

June 27, 2025June 27, 2025 Constance

The Malian government has announced that a temporary administrator will resume production at Barrick Gold Corporation’s Loulo-Gounkoto mining complex, following a sharp escalation in tensions between the Canadian mining giant and the West African nation’s military-led government. The mine, one of Barrick’s most valuable assets, was placed under provisional administration earlier this month. On June 16, a court in Bamako ruled that the state could assume control of the mine’s management for six months. Barrick subsequently suspended operations after Malian authorities blocked gold exports and detained senior company staff. “The… Read More Here