Gold - Copperbelt Katanga Mining

Kansanshi Mine Expansion Nears Completion with Copper Output Set to Rise

May 25, 2025May 25, 2025 Constance

The expansion of the Kansanshi copper and gold mine near Solwezi in Zambia’s North-Western Province is now 80% complete, according to the mine’s Assistant General Manager, Axel Kotten. The upgrade, known as the S3 Expansion Project, aims to significantly increase the mine’s output, reinforcing Zambia’s role as a global copper powerhouse. Minister of Mines and Mineral Development, Hon. Paul Kabuswe, recently visited the site to assess progress and reaffirm the government’s commitment to supporting the mining sector’s growth. Once complete, the expansion is expected to greatly enhance copper production and… Read More Here

International Gold

Namibia Embraces Ghana’s Gold Reserve Strategy to Boost Economic Resilience

May 19, 2025May 19, 2025 Constance

Namibia has unveiled plans to adopt Ghana’s widely praised Gold Purchase Programme in a strategic bid to strengthen its monetary policy and revive its struggling economy. The initiative seeks to boost the country’s foreign reserves, curb inflation, and reinforce the value of the Namibian dollar by stockpiling gold as a key financial asset. With a robust mining sector and stable political environment, Namibia is one of Africa’s notable gold producers, and the industry remains a vital contributor to national GDP. According to The Namibia Economist, Bank of Namibia (BoN) Governor… Read More Here

Gold Corporate News International

Mali Seeks Court-Ordered Takeover of Barrick’s Gold Mines Amid Ongoing Dispute

May 15, 2025May 15, 2025 Constance

DAKAR/TORONTO – A court in Mali is set to hear a request from the country’s military government on Thursday to place Barrick’s Loulo-Gounkoto gold mine under provisional administration, a move that could significantly escalate the ongoing dispute between the Canadian miner and the West African state. The conflict, which began in 2023, centers on tax claims and disagreements over a new mining code that increases government royalties and ownership stakes. Operations at the Loulo-Gounkoto complex were suspended in January after the government seized around 3 metric tons of gold—valued at… Read More Here

International Corporate News Gold

Barrick Begins Trading Under Symbol ‘B’ on NYSE to Reflect Gold-Copper Growth Strategy

May 12, 2025May 12, 2025 Constance

Barrick Gold Corporation, dual-listed in the U.S. and Canada, has officially begun trading under the single-letter ticker symbol ‘B’ on the New York Stock Exchange (NYSE), marking a significant milestone in the company’s evolution. To commemorate the occasion, Barrick President and CEO Mark Bristow rang the NYSE opening bell on Friday. “Barrick’s vision is to be the world’s most valued gold and copper exploration, development, and mining company,” said Bristow. “Alongside our world-class portfolio of six Tier 1 gold mines, we are building a significant copper business that will drive… Read More Here

Gold Corporate News International

Barrick Gold Changes Name to Barrick Mining Corporation and Updates NYSE Ticker to B

May 9, 2025May 9, 2025 Constance

NYSE- and TSX-listed Barrick Gold Corporation has officially changed its name to Barrick Mining Corporation (or Société minière Barrick in French) following shareholder approval at its annual and special meeting held on May 6. The company’s common shares will begin trading under the new name on both exchanges effective May 9. On the New York Stock Exchange (NYSE), the ticker symbol will change from GOLD to B starting that day. On the Toronto Stock Exchange (TSX), shares will continue to trade under the ABX symbol. In addition to the name… Read More Here

International Corporate News Gold New Mining Projects

Barrick’s $10-Billion Reko Diq Project Gathers Momentum Ahead of 2028 Production Target

May 9, 2025May 9, 2025 Constance

Barrick Mining CEO Mark Bristow says momentum is building at the company’s Reko Diq copper-gold project in Pakistan, with construction progressing steadily, exploration yielding promising results, and production slated to begin by the end of 2028. “This is a world-class copper-gold project that will generate immense value—not just for Barrick, but also for our partners in Pakistan, especially in Balochistan,” Bristow said on Wednesday. “It’s one of the largest undeveloped porphyry copper-gold systems globally, and its potential is not yet reflected in our share price.” The project will be developed… Read More Here

International Corporate News Gold

Barrick Faces Prolonged Mali Dispute as Gold Seizure and Employee Arrests Weigh on Operations

May 9, 2025May 9, 2025 Constance

Barrick Mining is spending $15 million a month to maintain its Mali operations amid an ongoing dispute with the country’s government over taxes and a controversial gold seizure, CEO Mark Bristow said on Wednesday. In an interview, Bristow revealed that the Malian government has reneged on three separate agreements to resolve a tax disagreement and criticized the detention of four Barrick employees as a violation of human rights. “You have four executives from a Western company incarcerated—this can only be described as human rights abuse,” Bristow said. “These individuals have… Read More Here

Mining in DRC Copper Gold New Mining Projects Nickel

Ivanhoe Reaches Flatreef’s Rich Multimetal Orebody After 30-Year Quest

May 9, 2025May 9, 2025 Constance

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President and Chief Executive Officer Marna Cloete announced that mining crews have driven underground development into the high-grade platinum, palladium, rhodium, nickel, gold, and copper orebody for the first time, as the mine rapidly advances to commercial production later this year. The significant milestone comes over 30 years since Ivanplats, the company’s subsidiary, acquired the first exploration licence and 15 years since the discovery of the 26-metre thick, flat-lying Flatreef orebody was announced. Today’s milestone also comes nine years… Read More Here

International Corporate News Gold

Fortuna Mining Eyes Guinea After Burkina Faso Exit Amid Rising Regional Risks

May 6, 2025May 6, 2025 Constance

Canadian miner Fortuna Mining is refocusing its West African operations on Guinea, signaling a strategic shift following its recent exit from Burkina Faso due to escalating security concerns and regulatory uncertainty. CEO Jorge Ganoza confirmed the company’s new direction in an interview with Reuters, stating that while Fortuna currently has no active operations in Guinea, it is conducting site visits and engaging with local authorities as part of its effort to tap into the country’s gold sector potential. This pivot comes as international miners navigate a changing landscape across West… Read More Here

International Gold New Mining Projects

Perseus Commits $523 Million to Tanzania’s Largest Gold Project in Over a Decade

May 4, 2025May 4, 2025 Constance

Australian gold producer Perseus Mining has approved a final investment of $523 million to develop the Nyanzaga Gold Project in Tanzania, marking the country’s most significant gold mine development in more than 17 years. The project will be fully financed from Perseus’ existing cash and gold reserves, which currently total $801 million. The investment will support the construction of a processing plant, related infrastructure, and the overall development of the mine. First gold production is expected in the first quarter of 2027. So far, Perseus has invested $27.5 million to… Read More Here