Gold - Copperbelt Katanga Mining

Mali Gold Mine Accident Kills 13, Including Women and Children

February 2, 2025February 2, 2025 Constance

Thirteen artisanal miners, including women and three children, lost their lives on Wednesday after a tunnel they were working in flooded at an open-pit gold mine near Danga village in Mali’s southwestern Koulikoro region, the National Union of Gold Counters and Refineries (UCROM) confirmed on Saturday. The disaster occurred when sluice gates from a nearby muddy water reservoir collapsed, sending a surge of water into the tunnel where miners, including women and children, were digging for leftover gold particles. UCROM Secretary General Taoule Camara described the situation as dire.“It is… Read More Here

Gold Corporate News International

B2Gold Moves Forward with $10 Million Investment in Mali’s Fekola Gold Complex After Settlement

January 31, 2025January 31, 2025 Constance

Canadian miner B2Gold has announced plans to invest $10 million in exploration at its Fekola gold complex in Mali this year, following a settlement with the Malian government over its new mining code that reduces the risk of disruption. In August 2023, Mali introduced a revised mining code, similar to those enacted by other military-led governments in West Africa. The new code increases the state’s share of mining revenues and removes tax exemptions for mining companies. B2Gold was one of the first companies to reach an agreement with Mali over… Read More Here

Mining in DRC Corporate News Gold

Kibali Gold Mine Achieves Record Performance and Strengthens Sustainability Efforts

January 31, 2025January 31, 2025 Constance

Barrick Gold Corp, headquartered in Canada, reports that its joint venture Kibali Gold Mine in the Democratic Republic of Congo achieved improved performance during the last quarter of 2024, culminating in its highest annual throughput since the mine’s commissioning. This milestone highlights the mine’s ongoing commitment to operational excellence and its ability to deliver strong results, according to the company. Sebastiaan Bock, Barrick Africa and Middle East COO, noted, “Despite facing challenges in 2024, including leadership changes and a necessary reset, Kibali has proven itself to be a reliable, low-cost… Read More Here

International Corporate News Gold

Barrick Gold’s Twiga JV Drives Significant Economic Impact in Tanzania

January 26, 2025January 26, 2025 Constance

Barrick Gold has contributed over $4.24 billion to the Tanzanian economy since the inception of its Twiga joint venture (JV) with the government in 2019. In 2024 alone, its investment amounted to $888 million. Twiga encompasses the North Mara and Bulyanhulu gold mines. Barrick President and CEO Mark Bristow highlighted the ongoing success of the Twiga partnership, emphasizing its leadership in Tanzania’s extractive sector. The JV has created thousands of jobs, supported local businesses, and funded essential community projects. In 2023, Barrick spent $573 million on national suppliers and service… Read More Here

Gold Corporate News International

B2Gold to Invest $10 Million in Fekola Exploration After Mali Settlement

January 26, 2025January 26, 2025 Constance

Canadian miner B2Gold is moving forward with plans to invest $10 million in exploration at its Fekola gold complex in Mali in 2025, following a settlement with the Malian government that has reduced the risk of disruption. In August 2023, Mali introduced a new mining code that increases the state’s share of mining revenues and removes tax exemptions for mining companies. B2Gold was one of the first companies to reach a settlement with the government, resolving an income tax dispute in September 2024 and agreeing to adapt one part of… Read More Here

Mining in DRC Economy Gold

DRC Gold Trading SA Exports 200kg of Gold in January from Artisanal Mining

January 25, 2025January 25, 2025 Constance

DRC Gold Trading SA, a state-owned mining company in the Democratic Republic of Congo (DRC), announced via its official X account on Tuesday, January 21, that it had exported 200 kilograms of gold during January. The gold was sourced from artisanal and small-scale mining activities. The company revealed that the exports were facilitated by its branches located in Kalemie, the capital of Tanganyika province, and Bukavu, in South Kivu province. Previously known as “Primera Gold,” the company was rebranded as DRC Gold Trading SA. Notably, on December 9, 2024, the… Read More Here

International Corporate News Gold New Mining Projects

Barrick Gold Supports Pakistan-Saudi Deal for Stake in Reko Diq Mining Project

January 22, 2025January 22, 2025 Constance

Pakistan is still in negotiations with Saudi Arabia over the sale of a minority stake in the Reko Diq copper and gold mining project, controlled by Barrick Gold. Key details, including where the minerals will be processed, remain under discussion. The Pakistani government hopes the agreement will extend beyond exploration to involve some downstream activities within the country, according to Musadik Malik, Pakistan’s petroleum minister. Earlier, the Saudi government announced plans to acquire Pakistan’s minority stake in the Reko Diq project through Manara Minerals Investment Co., a Saudi firm backed… Read More Here

International Copper Gold New Mining Projects

Reko Diq Copper and Gold Project to Boost Pakistan’s Economy with $74 Billion in Cash Flow

January 20, 2025January 20, 2025 Constance

The Reko Diq copper and gold project in Pakistan is expected to generate approximately $74 billion in free cash flow over the next 37 years, according to Barrick Gold CEO Mark Bristow. The project, which Barrick co-owns with the governments of Pakistan and Balochistan, is considered one of the world’s largest underdeveloped copper-gold deposits, and its development is expected to have a significant positive impact on Pakistan’s struggling economy. Barrick holds a 50% stake in the mine, with the remaining ownership split between the federal and provincial governments of Pakistan.… Read More Here

Mining in Zambia Copper Corporate News Gold Nickel

FQM ANNOUNCES STRONG 2024 ZAMBIAN PRODUCTION RESULTS AND FOCUS ON SUSTAINABLE GROWTH

January 19, 2025January 19, 2025 Constance

First Quantum Minerals (FQM) has announced a strong performance from its Zambian operations in 2024, with strong copper, gold, and nickel production. The company also reaffirmed its focus on sustainability and operational resilience, with the S3 Expansion project on track for completion in mid-2025. The mining firm achieved annual copper production of 431 thousand tonnes (“kt”) in 2024, exceeding the guidance range of 400 to 420kt. Kansanshi achieved its highest copper and gold production since 2021 and 2022, respectively, predominately driven by higher grades. Sentinel’s increased copper production reflected higher… Read More Here

International Corporate News Gold

Barrick Continues to Unlock Value Embedded in Its Asset Base

January 3, 2025January 3, 2025 Constance

Barrick is projecting a 30% growth in the production of gold-equivalent ounces from its existing assets by the end of this decade while it continues to unlock the value embedded in its portfolio. Mark Bristow says while Barrick was alert to potentially value-accretive opportunities generated by the consolidation of the industry, it had the rare luxury of doing so from an asset base that would support organic growth well into the future. “Five years ago, we set out to build a sustainably profitable gold and copper business focused on world-class… Read More Here