Gold - Copperbelt Katanga Mining

Kibali Gold Dominates DRC Gold Production Despite Regional Instability

June 8, 2025June 8, 2025 Constance

According to statistics from the Technical Unit for Coordination and Mining Planning (CTCPM) under the Ministry of Mines, Kibali Gold, a leading industrial gold mining company based in the Haut-Uele province of the Democratic Republic of Congo (DRC), produced 5,865.62 kilograms of gold between January and March 2025. This output represents 99.5% of the country’s total industrial gold production during that period. Kibali Gold significantly outperformed its competitors. MCCR recorded just 18.65 kg (0.3%), followed by Kimia Mining Investment with 4.88 kg (0.083%) and Sokomo (Ding Cheng) with 4.62 kg… Read More Here

International Gold

Mali Halts Artisanal Gold Mining During Rainy Season for Safety

June 3, 2025June 3, 2025 Constance

Mali’s Ministry of Mines has suspended all artisanal gold mining activities from June to September to protect workers from the risk of landslides during the rainy season. The decision follows meteorological forecasts predicting heavy rainfall between June 15 and September 30. “The reason for this suspension is quite simply safety,” a ministry spokesperson told Reuters via text message. This move comes months after Mali, Africa’s second-largest gold producer, banned the issuance of new artisanal mining permits to foreigners in March, following a series of fatal accidents that claimed dozens of… Read More Here

Mining in DRC Gold

DRC Gold Trading SA Moves 280kg of Gold Injects 27M into Maniema

June 3, 2025June 3, 2025 Constance

In a major boost for the Democratic Republic of Congo’s artisanal gold sector, state-owned enterprise DRC Gold Trading SA announced on March 25, 2025, that it had successfully funneled over 280 kilograms of artisanal gold through its Kindu branch in Maniema province—just two months after the branch’s inauguration. The operation has brought more than US$27 million into the provincial economy, a result credited to the company’s strategic partnership with Rawbank. This collaboration supports DRC Gold Trading SA’s mission to formalize the artisanal gold sector and bring its production into the… Read More Here

International Corporate News Gold

Barrick Seeks World Bank Intervention as Mali Threatens to Seize Major Gold Mine

May 31, 2025May 31, 2025 Constance

Barrick Gold has turned to the World Bank’s arbitration tribunal in an attempt to block the Malian government from taking control of its Loulo-Gounkoto gold mine, amid a deepening legal dispute that threatens the company’s long-standing operations in the West African nation. The move follows the Malian government’s request to a local court to place the mine under provisional administration—a decision expected on June 2. If the court sides with the government, an appointed individual or organization could take over and potentially restart operations at the mine, which has been… Read More Here

Gold International

Burkina Faso Set to Boost Gold Output as New Mines Come Online

May 31, 2025May 31, 2025 Constance

Burkina Faso is on track to increase industrial gold production in 2025, driven by the ramp-up of operations at Soleil Resources International’s Youga mine and the anticipated launch of West African Resources’ Kiaka project. According to Aristide Belemsobgo, Director General of Mines and Geology at the Ministry of Energy, Mines and Quarries, output from large-scale mining operations is projected to rise by 4% to 55.7 tonnes this year. Gold remains Burkina Faso’s top export earner, a status reaffirmed by junta leader Captain Ibrahim Traoré, who took power in a 2022… Read More Here

International Corporate News Gold

Barrick Awaits Court Ruling in Mali Amid Ongoing Dispute Over Mine Control

May 26, 2025May 26, 2025 Constance

Barrick Gold Corporation, listed on the NYSE and TSX, is awaiting a court ruling scheduled for June 2 by the Bamako Commercial Tribunal regarding the Mali government’s attempt to place the Loulo-Gounkoto mining complex under provisional administration. The move follows the government’s formal request submitted to the court on May 8. In response, Barrick’s Loulo and Gounkoto operations filed legal objections on May 22, contesting the government’s demand. A preliminary hearing on May 15 granted the company an opportunity to present its case. In an official statement, Barrick firmly rejected… Read More Here

Lithium Corporate News Gold International

Kuvimba Mining Seeks $950 Million to Boost Gold and Lithium Production in Zimbabwe

May 25, 2025May 25, 2025 Constance

Kuvimba Mining House, one of Zimbabwe’s leading mining companies, is looking to raise $950 million to expand its gold and lithium production, CEO Trevor Barnard announced at a mining conference in Victoria Falls. “First and foremost, we need funding,” Barnard said. “We require a significant amount of capital to make our businesses work.” He did not reveal the potential investors involved in the fundraising effort or the timeline for securing the financing. Kuvimba owns some of Zimbabwe’s oldest and most prominent gold mines, including Freda Rebecca and Shamva. The company… Read More Here

Mining in Zambia Copper Corporate News Gold New Mining Projects

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