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Category: Gold

DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets 1 Mining in DRC Economy Gold 

DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets

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DR Congo Partners with UAE-Based Paradigm Holdings to Boost Gold Exports Through Dubai Trading Hub The government of the Democratic Republic of the Congo has signed a gold supply agreement with UAE-based Paradigm Holdings, marking a new step in efforts to expand the country’s access to international bullion markets through Dubai. The deal highlights the growing role of the United Arab Emirates as a key intermediary in global gold trade, connecting resource-rich African producers with international buyers. Dubai has strengthened its position as a major global trading and refining hub,… Read More Here
Burkina Faso Moves to Increase State Stake in Kiaka Gold Mine Amid West African Resources Expansion Plans 2 International Gold 

Burkina Faso Moves to Increase State Stake in Kiaka Gold Mine Amid West African Resources Expansion Plans

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Burkina Faso Seeks 40% Stake in Kiaka Gold Mine as West African Resources Suspends Trading Over Ownership Shift Burkina Faso has notified West African Resources Limited of its intention to increase the state’s stake in the Kiaka gold mine from 15% to 40%, marking a significant escalation in government participation in one of West Africa’s key gold assets. The development comes as the Australian-listed mining company prepares for a sharp increase in production across its regional operations. In response to the government’s move, West African Resources suspended trading of its… Read More Here
Ghana Sets December 2026 Deadline for Miners to Transition to Local Contract Mining 3 International Gold 

Ghana Sets December 2026 Deadline for Miners to Transition to Local Contract Mining

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Ghana Orders Newmont, AngloGold Ashanti, and Zijin to Shift to Local Contractors by December 2026 or Face Sanctions Ghana’s mining regulator has given international mining companies Newmont, AngloGold Ashanti, and Chinese-owned Zijin Mining until December 2026 to transition their mining operations to locally compliant contractors or face potential sanctions, according to sources familiar with the matter and regulatory documents. The three companies are among the few major operators in Ghana that still conduct mining using their own in-house personnel. Most other mining firms had already outsourced their operations in anticipation… Read More Here
DRC Central Bank Receives First Refined Gold Ingots Under New Reserve-Building Programme 4 Mining in DRC Economy Gold 

DRC Central Bank Receives First Refined Gold Ingots Under New Reserve-Building Programme

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Democratic Republic of Congo Launches State Gold Reserve Programme as First Refined Ingots Reach Central Bank The Democratic Republic of the Congo has received its first delivery of refined gold ingots at the central bank, marking a major milestone in its effort to rebuild official monetary gold reserves through a new state-led purchasing programme. According to DRC Gold Refinery SA the country’s first dedicated gold refinery the development represents a significant step toward restoring the nation’s monetary gold system nearly five decades after it largely ceased formal accumulation. The company… Read More Here
Trafigura Signs Gold Offtake and Financing Deal with Heath Goldfields to Restart Bogoso–Prestea Mine 5 International Corporate News Gold Investment News 

Trafigura Signs Gold Offtake and Financing Deal with Heath Goldfields to Restart Bogoso–Prestea Mine

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Trafigura Enters Ghana Gold Market with $65M Financing and 700,000 oz Offtake Deal for Bogoso–Prestea Mine Restart Global commodity trading company Trafigura has entered into an offtake and financing agreement with Ghana-owned mining firm Heath Goldfields to support the restart of operations at the Bogoso Prestea gold mine in western Ghana. Under the agreement, Trafigura will purchase approximately 700,000 ounces of gold doré produced at the Bogoso–Prestea processing facility. Deliveries are expected to begin later this year as production ramps up. In addition to the offtake arrangement, Trafigura is providing… Read More Here
Barrick Mining Shifts Strategy Toward Acquisitions and North American Focus Amid Production Decline 6 Gold Corporate News International 

Barrick Mining Shifts Strategy Toward Acquisitions and North American Focus Amid Production Decline

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Barrick Mining Reverses Expansion Strategy, Targets Acquisitions and North American Assets After 17% Output Drop Barrick Mining (TSX: ABX) (NYSE: B) is shifting its corporate strategy away from high-risk international expansion and back toward acquisitions, marking a significant reversal of its previous decade-long growth approach across Africa and Asia. Chairman John Thornton outlined the strategic pivot in a shareholder letter on Wednesday, his first major public statement since the company replaced former CEO Mark Bristow in September and announced plans to restructure key North American operations. Thornton said the company… Read More Here
Zambia to Establish New Gold Marketing Centres to Formalise Mineral Trade and Boost Transparency 7 Gold Economy Mining in Zambia 

Zambia to Establish New Gold Marketing Centres to Formalise Mineral Trade and Boost Transparency

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Government to Build New Gold Marketing Centres Across Zambia by 2026 to Curb Illegal Mining and Improve Revenue Collection The Government has announced plans to establish new gold marketing centres across the country by the end of 2026 as part of efforts to formalise the mining sector and enhance transparency in mineral trading. Ministry of Mines and Minerals Development Permanent Secretary, Hapenga Kabeta, said the initiative will create structured, regulated platforms where artisanal and small-scale miners can sell gold through official and accountable channels. Dr Kabeta stated that the designated… Read More Here
Bezant Resources Reports Sevenfold Increase in Hope Open-Pit Mineral Resource in Namibia 8 International Copper Gold New Mining Projects 

Bezant Resources Reports Sevenfold Increase in Hope Open-Pit Mineral Resource in Namibia

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Bezant Resources boosts Hope project copper-gold resource sevenfold, extending mine life to 7.5 years Aim-listed Bezant Resources has announced a sevenfold increase in the Hope open-pit mineral resource at its Hope and Gorob copper-gold project in Namibia, raising the resource to over three million tonnes, up from the 2023 estimate of 410,000 tonnes. The update was released on April 8 following a new Mineral Resource Estimate (MRE) prepared by independent consultants Sound Mining. Bezant highlighted that the increase significantly improves the near-term development potential of the mine, reducing the strip… Read More Here
Angola to Launch First Gold Refinery as Part of Economic Diversification Strategy 9 International Economy Gold 

Angola to Launch First Gold Refinery as Part of Economic Diversification Strategy

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Angola opens first gold refinery in 2026 to boost mining value, reduce reliance on oil and diamonds Angola, Africa’s second-largest oil producer, is set to operate its first gold refinery in the first half of 2026, signaling a push to diversify its economy and extract more value from mineral resources. The refinery, located in Viana near Luanda, has a processing capacity of approximately 20 kilograms per day. Construction and equipment installation have been completed, with commissioning and final technical adjustments now underway, according to Paulo Tanganha, Angola’s national director of… Read More Here
DRC Mining Exports Show Upward Trend Amid Rising Copper, Cobalt, and Gold Prices 10 Mining in DRC Cobalt Copper Economy Gold 

DRC Mining Exports Show Upward Trend Amid Rising Copper, Cobalt, and Gold Prices

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Congo’s copper, cobalt, and gold exports rise in 2026, boosting mining sector revenues The Democratic Republic of the Congo is witnessing an upward trend in the international prices of its key mining exports, according to the latest official projections. The National Market Commission of the Ministry of Foreign Trade reported that for the period from April 6 to 11, 2026, several strategic raw materials are expected to record weekly price increases. Copper: Primary export on the rise Copper, the country’s main export, is projected to trade at $12,143.30 per ton,… Read More Here

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