Gold - Copperbelt Katanga Mining

Barrick Gold’s Dispute with Mali Remains Unresolved as Talks Stall 1

Negotiations between Barrick Gold (NYSE:GOLD)(TSX:ABX) and the Malian government over a prolonged dispute regarding payments from the country’s largest gold mine have been suspended without a resolution. Mali is demanding a settlement of 125 billion CFA francs ($197 million) from the Canadian mining giant, Bloomberg News reported, citing local sources. Additionally, the government insists that Barrick comply with its revised mining code, which increases the state’s share of mining revenues and removes tax exemptions. The Loulo-Gounkoto gold complex, developed under CEO Mark Bristow’s leadership at Randgold before its 2018 merger… Read More Here

African Pioneer Secures £420,000 to Advance Namibia Copper-Gold Project

February 10, 2025February 10, 2025 Constance

London-listed African Pioneer has raised £420,000 from existing and new shareholders to advance its Ongombo copper-gold project in Namibia and support activities in Zambia and Botswana. The funds will be used to analyze gold distribution and its association with copper and magnetite quartzite, assess orebody-wide gold distribution, and plan drillholes in underexplored areas. Additionally, external mining and resource consultants will refine resource estimates for open-pit mineralization and provide recommendations for infill drilling to enhance the overall resource base. The capital will also support discussions with a preferred mining contractor for… Read More Here

International Gold

Mali’s Gold Production Drops 23% Amid Government-Miner Dispute

February 10, 2025February 10, 2025 Constance

Mali’s industrial gold production fell 23% in 2024, dropping to 51 metric tons from 66.5 tons in 2023, according to the country’s mines ministry. This marks the first time in over three years that output has fallen below 60 tons. Mali, one of Africa’s top gold producers, hosts industrial operations run by major international companies, including Barrick Gold, B2Gold Corp, Resolute Mining, and Hummingbird Resources. However, tensions between the government and mining firms have contributed to the decline. A ministry report released on Friday revealed that the production figure excludes… Read More Here

Mining in DRC Economy Gold

DRC Gold Trading Aims for 16 Tonnes of Gold in 2025

February 10, 2025February 10, 2025 Constance

DRC Gold Trading, formerly known as Primera Gold, has set an ambitious target of purchasing 16 tonnes of gold in 2025, with a long-term goal of generating $12 billion for the Democratic Republic of Congo (DRC) over the next five years. The company’s CEO, Joseph Kazibaziba, made this announcement during a press interview over the weekend, highlighting the company’s rapid growth and commitment to formalizing the country’s gold trade. “We are confident that we can exceed 16 tonnes this year, and within five years, we aim to capture more than… Read More Here

Corporate News Events & Expos Gold

Barrick Gold Highlights African Investments at 2025 Mining Indaba

February 10, 2025February 10, 2025 Constance

At the 31st edition of the Investing in African Mining Indaba, Barrick Gold, one of Africa’s top gold producers, made significant contributions. The event, held in South Africa and concluding on Thursday, February 6, 2025, saw Barrick Gold’s CEO, Mark Bristow, presenting the company’s various investments in Africa and worldwide. The 2025 edition of the conference, themed “Preparing the Future of Mining in Africa, Starting Today,” spotlighted Barrick Gold’s strong presence across the continent. The company operates five gold mines in Africa, including Tongon in Ivory Coast, Loulo-Gounkoto in Mali,… Read More Here

Corporate News Gold New Mining Projects

Barrick Gold’s Reserves Surge as Reko Diq and Lumwana Expansion Drive Growth

February 10, 2025February 10, 2025 Constance

Barrick Gold (TSX: ABX, NYSE: GOLD) reported a 23% increase in global gold reserves in 2024, following a reassessment of Pakistan’s massive Reko Diq copper-gold project. The company’s attributable proven and probable gold reserves rose by 17.4 million ounces before depletion, reaching 89 million ounces at a grade of 0.99 grams per tonne, up from 77 million ounces at 1.65 grams per tonne in the previous year. Despite rising gold prices, Barrick’s stock has underperformed due to operational and regulatory challenges in countries like Mali, Papua New Guinea, and the… Read More Here

International Gold New Mining Projects

Barrick Gold’s Reserves Surge 23%, Boosted by Reko Diq Project

February 9, 2025February 9, 2025 Constance

Barrick Gold Corporation’s proven and probable gold reserves increased by 23% to 17.4 million ounces by the end of 2024, driven by the addition of its Reko Diq copper-gold project, the company announced on Thursday. Following the completion of its feasibility study at Reko Diq, Barrick added 13 million ounces of gold to its probable reserves on an attributable basis. The company holds a 50% stake in the project, while the governments of Pakistan and Balochistan own the remaining share. Barrick considers Reko Diq one of the world’s largest undeveloped… Read More Here

Gold Artisanal mining International Mining safety

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