Gold - Copperbelt Katanga Mining

DRC’s Kibali gold mine exceeds target | 2019 output

January 28, 2020January 28, 2020 arnbethnic

The Kibali mine in the Democratic Republic of Congo (DRC) far exceeded its production forecast of 750,000 ounces of gold in 2019, delivering 814,027 ounces in a record year, reported Canadian gold miner Barrick Gold . CEO Mark Bristow, who was in Kinshasa on Monday, said the performance of Kibali, 45% owned, demonstrated how a modern top-level gold mine could be successfully developed and mined in one of the most important regions. the most remote places in the world, where the infrastructure was under-endowed. Already one of the most automated… Read More Here

LME Offers Recognition to Artisanal Mining but with Caution

January 28, 2020January 29, 2020 arnbethnic

Earlier last year, the London Metal Exchange announced plans to accept supplies from small-scale miners to ensure that those who rely on artisanal mining for a living can trade internationally. Some say this would help legitimize the troubled industry, while others believe it will lead to further illegal activities and human rights violations. Who is right? We’re examining. The London Metals Exchange’s (LME) new roadmap for responsible metal sourcing was released in October last year. Not only did she advocate transparency across the supply chain, she also confirmed that she… Read More Here

Gold International

THE PRICE OF GOLD IS APPROACHING ITS 7-YEAR HIGH

January 28, 2020January 28, 2020 arnbethnic

Gold prices jumped to a new 7-year high on Monday as concerns about the spread of the corona virus prompted investors to search for safe havens and this caused global equity markets to plummet. The February Gold Futures, the most active nearly 40 million ounce contract traded that day, should close above $1,580 an ounce on the Comex market in New York. This would be the highest closing price since April 9, 2013, although gold was trading over $1,600 an ounce on an intraday basis two weeks ago when investors… Read More Here

Copper Energy Gold International Mining in Zambia Uranium

Hot topics at the Investing in African Mining Indaba 2020

January 23, 2020January 23, 2020 arnbethnic

The 2020 Investing in African Mining Indaba is only two weeks away and is promising to be even bigger than last year’s 25th anniversary event. Attracting even more junior, mid-tier and major mining companies, investors as well as two heads of state, 35 African and five Non-African Ministers and providing a platform for increased connections, deal-making and investment opportunities. This year’s programme and discussions are focused on forging the future direction of the African Mining industry. Under the theme ‘Optimising Growth and Investment in the Digitised Mining Economy’, key topics… Read More Here

Gold Mining in DRC Precious Metals

Struggles faced by Africa’s new gold refineries

January 19, 2020January 19, 2020 arnbethnic

In a refinery just outside Uganda’s main airport, workers slip bars of freshly refined gold into clear plastic bags sealed with a sticker of the national flag — black, yellow and red — and the label “Ugandan’s Treasure.” Uganda produces little gold of its own. Alain Goetz, who set up the refinery, says that by branding gold from abroad as Ugandan, the operation is merely imitating others — for example, the Swiss don’t mine the gold they refine in Switzerland. A pink building guarded by dogs at Entebbe on the… Read More Here

Copper Gold

No need to dig deep: New tool maximizes extraction of gold and porphyry copper

January 15, 2020January 15, 2020 arnbethnic

A UNIGE researcher has discovered the particularities of porphyry copper and gold deposits, providing mining companies with a new tool to maximize the extraction of these two metals. Why are some porphyry deposits—formed by magmatic fluids in volcanic arcs—rich in copper while others primarily contain gold? In an attempt to answer this question, a researcher from the University of Geneva investigated how the metals are accumulated over the time duration of a mineralizing event, looking for a correlation between the amounts of copper and gold extracted from the deposits. Not only… Read More Here