Gold - Copperbelt Katanga Mining

DRC Losing $7.5 Billion Annually to Illegal Artisanal Gold Exports

May 25, 2026May 25, 2026 Constance

DR Congo Faces Massive Gold Smuggling Crisis as Illegal Exports Drain Billions from Economy The Democratic Republic of Congo (DRC) continues to suffer massive financial losses from the illegal export of artisanal gold, with authorities estimating that nearly 50 tonnes of gold are smuggled out of the country each year. According to DRC Gold Trading SA, the illicit trade is costing the national economy an estimated US$7.5 billion annually. The figures were revealed by the company’s Director General, Joseph M. Kazibaziba, in a video shared on the company’s X account,… Read More Here

Mining in Zambia Economy Gold

ZCCM-IH Forms Gold Development Joint Venture for Kikonge Project in Zambia

May 23, 2026May 23, 2026 Constance

ZCCM-IH Launches Kyalo Goldfields JV to Develop Kikonge Gold Project and Expand Zambia’s Gold Value Chain ZCCM Investments Holdings Plc (“ZCCM Investments Holdings Plc”) has announced a major step forward in its gold sector expansion strategy following the incorporation of a new special purpose vehicle, Kyalo Goldfields Limited (“KGL”), to develop the Kikonge gold project in Zambia’s North Western Province. The announcement follows a memorandum of understanding signed on 19 December 2025 between ZCCM-IH, the Ministry of Mines and Mineral Development (“MOMMD”), and Mining Mineral Resources SAS (“MMR”) for the… Read More Here

Mining in DRC Gold Mining safety Safety & Health

Barrick Tightens Ebola Safety Measures at Kibali Gold Mine Amid Deadly Congo Outbreak

May 22, 2026May 22, 2026 Constance

Barrick Increases Ebola Screening at Kibali Mine as Congo Outbreak Death Toll Reaches 131 Barrick Mining has intensified Ebola prevention measures at its Kibali Gold Mine in eastern Democratic Republic of Congo (DRC) following a deadly outbreak in a neighbouring province. The company confirmed that no Ebola cases have been detected among workers at the mine. However, Barrick has introduced enhanced screening and monitoring procedures as a precautionary response to the outbreak, which has already claimed 131 lives, according to health officials. Ebola, a highly infectious virus transmitted through bodily… Read More Here

International Corporate News Gold

Contractor Exit and Layoffs Deepen Uncertainty at Mali’s Loulo-Gounkoto Gold Complex

May 12, 2026May 12, 2026 Constance

Over 600 Jobs Cut as Contractor Exits Barrick’s Loulo-Gounkoto Gold Mine in Mali Amid Ongoing Disruptions A key contractor at Mali’s Loulo-Gounkoto gold complex, the country’s largest gold mining operation, is winding down its activities and laying off more than 600 workers. The move adds to ongoing instability surrounding one of Africa’s most significant gold assets. Gounkoto Mining Services (GMS), a contractor linked to France-based Bouygues Construction through DTP Mining, is ending operations after its agreement is not expected to be renewed by Barrick Mining in 2026. The decision follows… Read More Here

Gold Corporate News International

B2Gold Reports $200M Profit Surge on Strong African Output as Gold Production Reaches 237,763 Ounces

May 12, 2026May 12, 2026 Constance

B2Gold Posts $200M Profit as Mali and Namibia Drive Gold Production Growth Across Africa, Canada, and the Philippines Canadian gold producer B2Gold Corp. has reported a significant financial uplift, driven by strong production from its operations in Mali and Namibia, alongside contributions from Canada and the Philippines. The company posted a $200 million increase in net income, supported by solid operational performance and robust cash flow generation. During the period, B2Gold produced a total of 237,763 ounces of gold, reinforcing its position as a leading intermediate gold producer with a… Read More Here

Corporate News Gold International

Barrick Launches $3 Billion Share Buyback Ahead of North American Spinout

May 12, 2026May 12, 2026 Constance

Barrick Mining Announces $3 Billion Share Buyback as Gold Prices Drive Strong Earnings Growth Barrick Mining has announced a $3 billion share buyback program as the company moves to strengthen shareholder returns ahead of the planned spinout and public listing of its North American assets. The Toronto-based gold producer unveiled the repurchase plan after reporting strong first-quarter financial results, supported by record gold prices and solid free cash flow generation. The move expands the company’s shareholder return strategy following a $500 million buyback completed late last year. Barrick is preparing… Read More Here

Mining in Zambia Copper Gold New Mining Projects

Barrick Advances Lumwana Super Pit Expansion as Copper Output Rises

May 12, 2026May 12, 2026 Constance

Barrick’s Lumwana Copper Expansion in Zambia Remains on Track for 2028 Production Target Construction of the Lumwana Super Pit copper expansion project in Zambia remained on schedule and within budget during the first quarter of 2026, mining giant Barrick Gold announced on Monday, 11 May. The company confirmed that the first lift of the mill building wall was successfully completed during the quarter. Mill shells have already been delivered to the site, while the first shipments of structural steel are expected before the end of June. Barrick expects 2026 capital… Read More Here

International Gold

South Africa’s Gold Sector Revives with Low-Cost Projects and Modular Mining Shift

May 6, 2026May 6, 2026 Constance

South Africa Gold Mining Revival: New Low-Cost Projects Drive Industry Restructuring South Africa is experiencing renewed interest in its gold sector as smaller, lower-cost projects and modular mining technologies begin reshaping an industry that has declined by more than 70% over the past two decades. The shift marks a move away from deep-level, capital-intensive mining toward faster-developing projects focused on legacy deposits and improved cost efficiency. In Mpumalanga, Theta Gold Mines is advancing its TGME Gold Project near the historic town of Pilgrim’s Rest, an area largely inactive since the… Read More Here

Mining in DRC Economy Gold

DRC Mining Exports Gain Momentum as Global Commodity Prices Rise

April 30, 2026April 30, 2026 Constance

DRC Mineral Prices Climb: Copper, Gold, Tin and Zinc Rise While Cobalt Holds Steady Mining export prices from the Democratic Republic of the Congo are projected to trend upward on international markets during the period from April 27 to May 2, 2026, according to forecasts from the Ministry of Foreign Trade. The latest price index indicates broad-based gains across key mineral commodities, reflecting sustained global demand and improving market conditions. Gold, one of the country’s primary exports, is expected to increase to $155.28 per kilogram, up from $153.87 the previous… Read More Here

Mining in DRC Cobalt Copper Economy Gold Tin

DRC Mineral Export Prices Rise Sharply as Key Metals Gain on Global Markets

April 30, 2026April 30, 2026 Constance

DRC Mineral Prices Show Upward Trend: Gold, Copper, Tin and Germanium Rise While Cobalt Holds Steady Market data for mineral products exported from the Democratic Republic of Congo (DRC) for the period April 27 to May 2, 2026 shows an overall upward trend on international markets, driven by gains in several strategic metals. Precious and industrial metals recorded notable increases. Gold rose from $153.87 to $155.28 per gram, while copper increased from $12,836.10 to $13,177.50 per ton. Aluminum ingots also posted gains, climbing from $1,690.63 to $1,718.98 per ton. Other… Read More Here