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Category: Gold

Gold mining Gold Mining in Zambia 

The EU donates Gold mining equipment to Zambia’s artisanal miners

arnbethnic
The Zambian government received gold mining equipment financed by the European Union (EU) on Thursday to improve gold mining. Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH) will administer the equipment, that includes four lockers, four gold detectors, 12 turntables, and two gold mine shaker tables to be used in southern Vubwi and Lundazi districts. Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH) is a government agency that holds shares in all mining companies on government’s behalf.  The equipment was purchased with EU support as part of the South African Development Community’s… Read More Here
Barrick logo Mining in DRC Covid-19 Gold 

Barrick puts Kibali mess behind with agreement to pay DRC early dividend

Copperbelt Katanga News
BARRICK Gold is to pay dividends from the 750,000 ounce a year Kibali mine to the Democratic Republic of Congo (DRC) earlier after heading off attempts by the government to sell its 10% stake in the mine.  “We have decided to pay dividends early [to the government,” he said, adding that “the carried partner” normally receives payouts towards the end of the mine’s life “which makes no sense at all”. Bristow was commenting ahead of the firm’s first quarter presentation which was characterised by a strong gold price that helped offset… Read More Here
The Chinese Gold Mining Focus 1 Gold Mining in DRC 

The Chinese Gold Mining Focus

arnbethnic
On November 18, 2019, the Deziwa or Somidez copper and cobalt mines built by CNMC in Congo Gold were successfully completed.  CHINA’S INVESTMENT IN CONGO GOLD MINING IS ENTERING A NEW ERA. On November 18, 2019, the Deziwa and Somidez copper and cobalt mines built by CNMC in Congo Gold were successfully completed and put into production. On November 20, the nearby Congolese smelter, LCS Pyrometallurgical, a joint venture between CNMC and Yunnan Copper, successfully set up a test and produced the first batch of raw copper. The simultaneous construction and… Read More Here
Mining Companies in the DRC 4 Mining in DRC Diamond Gold 

Mining Companies in the DRC

arnbethnic
With an estimated USD 24 trillion in untapped mineral deposits of cobalt, diamonds, gold, copper, and other minerals, the DRC is a key mining destination, with a large number of mining companies actively operating across the country.   Mining companies in the Democratic Republic of Congo include both large, international mining houses and Artisanal and Small-Scale Mining companies (ASM).   DRC’s active mining companies: • African Metals Corp • Amani Gold • AngloGold Ashanti • ARC Minerals Ltd • Armadale Capital Plc • AVZ Minerals Limited • Banro Corporation •… Read More Here
Gold price rally back on track 6 International Gold 

Gold price rally back on track

Copperbelt Katanga News
The gold price rally continued on Wednesday as wild fluctuations in the financial markets increased, oil increased by a fifth and physical demand for the metal continued to increase. In the Comex market in New York, gold for delivery in June, the most active contract, rose up to $ 54.60 an  ounce, or 3.2%, to $ 1,742.40, wiping out the decline on Tuesday. Gold has risen more than $ 210 an ounce, or 14%, since the beginning of the year as investors flock to safe havens. A week ago, gold… Read More Here
Q1 Lays Solid Foundation for Barrick’s Full-Year Production Targets 7 Gold Copper 

Q1 Lays Solid Foundation for Barrick’s Full-Year Production Targets

Copperbelt Katanga News
Barrick Gold Corporation had earlier on  reported preliminary first quarter sales of 1.22 million ounces of gold and 110 million pounds of copper as well as preliminary first quarter production of 1.25 million ounces of gold and 115 million pounds of copper. President and Chief Executive Mark Bristow said these results positioned Barrick well to achieve its guidance for the year despite the impact of the global Covid-19 pandemic and the resultant lockdowns. Bristow also said comprehensive programs to counter the spread of Covid-19 were in action at all of… Read More Here
Open Pit Mine Gold International 

Armed group robs Mexican gold mine, flees in plane

arnbethnic, , ,
An armed group stormed a gold mine in northern Mexico and stole bars of gold and silver alloy before fleeing in a light aircraft, mine operator Minas de Oro Nacional said.  Minas de Oro Nacional, a subsidiary of Canadian firm Alamos Gold Inc., said in a statement late on Wednesday that the robbery at the Mulatos mine in Sonora state occurred when a group of five “heavily armed” people assaulted security staff who were transferring bars of the precious metals onto a plane. The Mulatos open-pit mine is part of… Read More Here
Bamanisa Mining in DRC Gold 

Congo’s Ituri Governor Condemns Rising Insecurity in the Gold Province

arnbethnic, ,
Illicit mining and mineral trafficking are fuelling mine site violence, the governor of the gold-rich Ituri province of the Democratic Republic of the Congo said after armed robbers killed four people, including three Chinese nationals, in a gold mine.  The attack occurred at around 1:00 a.m. on the morning of April 5 in a gold site that was mined by the COMIDI cooperative in Irumu, 62 km from the provincial capital of Bunia, the governor said. It was first reported on Monday by China’s official Xinhua news agency. “We can… Read More Here
Cyrille Gold Corporate social responsibility Mining in DRC 

Barrick Donates US$1.5M in the Fight Against Covid-19 in DRC

arnbethnic, , ,
Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX), operator of the Kibali gold mine, has announced a $1.5 million support program to help combat and contain the Covid-19 pandemic in the Democratic Republic of Congo. Barrick’s chief operating officer for the company’s Africa and Middle East region, Willem Jacobs, says the company believes the current situation requires a national response from all who have the DRC’s interests at heart.  Barrick, as a committed partner to the DRC, has structured a detailed Covid-19 support program for the country, which was communicated to the government at… Read More Here
Gold Gold International 

Gold has a role to play in Covid-19 testing toolbox | Did you know?

arnbethnic
Gold is being used in new Covid-19 rapid tests around the world, which identify the presence of biomarkers from the body’s immune response to Covid-19 instead of looking for the virus itself.  The tests can also help detect if a person has been infected with Covid-19 even after the virus is no longer present.  In a blog post on March 17, World Gold Council (WGC) consultant Trevor Keel explained that tiny spherical particles of gold have been used as “indicators” in lateral flow assays (LFAs) for over 40 years. In terms of… Read More Here

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