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Category: Gold

Barrick Gold Highlights African Investments at 2025 Mining Indaba 1 Corporate News Events & Expos Gold 

Barrick Gold Highlights African Investments at 2025 Mining Indaba

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
Barrick Gold’s Reserves Surge as Reko Diq and Lumwana Expansion Drive Growth 2 Corporate News Gold New Mining Projects 

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

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
Barrick International Gold New Mining Projects 

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

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
Mali Gold Mine Accident Kills 13, Including Women and Children 3 Gold Artisanal mining International Mining safety 

Mali Gold Mine Accident Kills 13, Including Women and Children

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
B2Gold Moves Forward with $10 Million Investment in Mali’s Fekola Gold Complex After Settlement 4 Gold Corporate News International 

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

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
Kibali Gold Mine Achieves Record Performance and Strengthens Sustainability Efforts 5 Mining in DRC Corporate News Gold 

Kibali Gold Mine Achieves Record Performance and Strengthens Sustainability Efforts

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
Barrick Gold’s Twiga JV Drives Significant Economic Impact in Tanzania 6 International Corporate News Gold 

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

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
B2Gold to Invest $10 Million in Fekola Exploration After Mali Settlement 7 Gold Corporate News International 

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

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
DRC Gold Trading SA Exports 200kg of Gold in January from Artisanal Mining 8 Mining in DRC Economy Gold 

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

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
Barrick Gold Supports Pakistan-Saudi Deal for Stake in Reko Diq Mining Project 9 International Corporate News Gold New Mining Projects 

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

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

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