Gold - Copperbelt Katanga Mining

Mining in Uganda Gold New Mining Projects

Uganda Launches First Industrial Gold Mine as Wagagai Project Goes Live

August 25, 2025August 25, 2025 Constance

Uganda Inaugurates Wagagai Gold Mine, Marks Entry into Large-Scale Mining Uganda has officially launched its first industrial gold mine with the inauguration of the Wagagai project, marking a major milestone for the country’s mining sector. Until now, Uganda had no large-scale mining operations, despite gold being a key export. Wagagai Mining (U) Limited, a wholly owned Chinese subsidiary of China Liaoning Hongda, invested $250 million to develop the mine. The Presidency confirmed the launch on August 16, signaling Uganda’s entry into large-scale gold production. The timing coincides with a sharp… Read More Here

International Gold

Uganda Launches First Large-Scale Gold Mine with $250M Chinese Investment

August 18, 2025August 18, 2025 Constance

Uganda Opens $250 Million Gold Mine to Boost Exports and Mining Industry Uganda has officially inaugurated its first large-scale gold mine, a $250 million Chinese-owned project located in the eastern Busia district. The Wagagai Gold Mining Project will also refine bullion to 99.9% purity, according to a statement from the president’s office. The landlocked East African nation, endowed with minerals such as copper, cobalt, and iron ore, is seeking to expand its mining sector and establish itself as a leading gold producer and exporter. In 2023, Uganda earned $3.4 billion… Read More Here

Gold Corporate News Mining in DRC Mining in Zambia

Barrick Gold Highlights Africa as Core Growth Driver with Record Output from Kibali and Lumwana

August 14, 2025August 14, 2025 Constance

Barrick Hails Africa as Key Cash Generator, Showcasing Growth Across Gold and Copper Operations Africa remains a cornerstone of Barrick Gold’s portfolio, with the continent delivering some of the strongest cash flows for the company in the second quarter of 2025. CEO Mark Bristow praised the region’s performance, noting higher production, improved unit costs, and progress on multiple strategic growth projects. Barrick’s flagship Kibali gold mine in the Democratic Republic of Congo (DRC) delivered another strong quarter. Operated by Barrick and jointly owned with AngloGold Ashanti (45% each) and Société… Read More Here

Gold International

Zimbabwe’s Gold Boom Overwhelms Laboratories Amid Record Prices

August 14, 2025August 14, 2025 Constance

Zimbabwe Gold Output Soars 40% as Record Prices Drive Exploration Surge Zimbabwe’s mining laboratories are struggling to cope with a surge in mineral samples, as gold producers ramp up exploration in response to record-high prices, a senior mining executive revealed on Wednesday. Geopolitical tensions, aggressive central bank purchases, and economic uncertainty—exacerbated by former U.S. President Donald Trump’s tariff policies—pushed gold prices to an unprecedented $3,500 per ounce in April 2025. Even Zimbabwe, where gold production had plummeted after decades of political and economic turmoil, has seen a remarkable rebound. The… Read More Here

Gold Corporate News International

Barrick Faces $1.04B Charge After Mali Seizes Loulo-Gounkoto Mine

August 14, 2025August 14, 2025 Constance

Barrick Gold Posts $1.04B Loss on Mali Mine Seizure Despite Strong Gold Price Rally Barrick Mining Corp. shares fell in pre-market trading Monday after the Canadian miner reported a $1.04 billion net charge linked to the seizure of its Loulo-Gounkoto gold complex by Mali’s military-led government. The charge reflects the “deconsolidation” of the mine following a change of control, according to Barrick’s second-quarter earnings report. The loss was partly offset by a $745 million gain from selling its 50% stake in the Donlin Gold project in Alaska. Tensions in Mali… Read More Here

Corporate News Gold International

Barrick CEO Downplays U.S. Tariff Impact, Denies Reko Diq Mediation

August 14, 2025August 14, 2025 Constance

Barrick Gold CEO Says U.S. Tariffs Would Have Minimal Impact, Denies Mediating Saudi-Pakistan Reko Diq Talks Barrick Gold CEO Mark Bristow said on Monday that the World Gold Council is awaiting clarity from the United States on potential tariffs for gold bars. He emphasized, however, that any such tariffs would have minimal impact on mining companies, as they operate as “price takers” in the market. Speaking to Reuters, Bristow also clarified that Barrick is not acting as an intermediary between Saudi Arabia and Pakistan in relation to the Reko Diq… Read More Here

Mining in DRC Artisanal mining Economy Gold

DRC Exports Over One Tonne of Artisanal Gold in First Half of 2025

August 10, 2025August 10, 2025 Constance

DRC Gold Trading SA Reports 1,057 kg of Legal Artisanal Gold Exports Worth €97 Million Between January and June 2025, the Democratic Republic of Congo (DRC) legally exported a total of 1,057.88 kilograms of artisanal gold, according to statistical data published by DRC Gold Trading SA on its official X (formerly Twitter) account in July 2025. The company emphasized that these figures demonstrate the viability of selling Congolese gold through legal, traceable, and profitable channels. “With just over one tonne of artisanal gold exported in the first half of 2025,… Read More Here

Mining in Zambia Economy Gold

ZCCM-IH Appointed by Government to Lead Transformation of Zambia’s Gold Sector

August 7, 2025August 7, 2025 Constance

ZCCM-IH Appointed to Overhaul Zambia’s Informal Gold Mining Industry for Sustainable National Growth ZCCM Investments Holdings Plc (ZCCM-IH) announced that it has officially been mandated by the Government of the Republic of Zambia to take the lead in the formalisation, development, and transformation of the gold sector in Zambia. This strategic appointment marks a historic milestone in the country’s mining landscape, paving the way for the creation of a structured, sustainable, and inclusive gold industry that benefits all Zambians. For decades, Zambia’s gold sector has remained largely informal—dominated by small-scale… Read More Here

Mining in Zambia Corporate News Economy Gold

Kansanshi Mine to Ensure Steady Gold Supply to Both Royal Gold and Bank of Zambia

August 7, 2025August 7, 2025 Constance

Kansanshi Mine Renews Gold Supply Agreement with Bank of Zambia While Honoring $1 Billion Deal with Royal Gold Kansanshi Mining Plc, a subsidiary of First Quantum Minerals (FQM), has reaffirmed its commitment to strengthening Zambia’s gold reserves by renewing its Memorandum of Understanding (MoU) with the Bank of Zambia (BOZ) for the continued sale of gold dore. This milestone was marked by a formal signing ceremony held today, signaling the continuation of a strategic partnership that dates back to 2020. The renewal comes at a time when Kansanshi is also… Read More Here

Mining in Zambia Corporate News Gold

FQM Announces $1 Billion Gold Streaming Agreement with Royal Gold

August 6, 2025August 6, 2025 Constance

First Quantum Minerals Enters $1B Gold Streaming Agreement with Royal Gold to Boost Liquidity and Maintain Copper Exposure at Kansanshi Mine First Quantum Minerals Ltd. has announced that it has entered into a gold streaming agreement (the “Agreement”) with RGLD Gold AG, a wholly owned subsidiary of Royal Gold, Inc. (“Royal Gold”), through a wholly owned Canadian subsidiary. Under the terms of the Agreement, First Quantum will receive a $1.0 billion upfront cash payment in exchange for future gold deliveries linked to copper production at the Kansanshi Mine in Zambia… Read More Here