Gemfields Evaluates Options for Nairoto Gold Prospect in Mozambique 1 Gemstones Gold International 

Gemfields Evaluates Options for Nairoto Gold Prospect in Mozambique

Gemfields, a leading ruby and emerald miner, is considering seeking a partner or exploring a potential sale for its Nairoto gold prospect in Mozambique, depending on drilling results. During the company’s annual results announcement on Monday, CEO Sean Gilberton emphasized that while Gemfields is not inclined to become a long-term gold production company, it remains open to strategic partnerships or divestment of the Nairoto project. The decision regarding Nairoto will be heavily influenced by the drilling and assay results, particularly from the TL5 section of the project. Despite initial interruptions… Read More Here
Newmont Initiates Sale of Akyem Gold Mine in Ghana Amid Surging Metal Prices 2 Gold International 

Newmont Initiates Sale of Akyem Gold Mine in Ghana Amid Surging Metal Prices

Newmont Corp. has commenced the process of selling its Akyem gold mine in Ghana, with Chinese producers expressing early interest in the asset as gold prices soar, according to sources familiar with the matter. The disposal of the Akyem mine is being facilitated by Citigroup Inc., who has begun reaching out to potential buyers, including Shandong Gold Mining Co. and Zijin Mining Group Co., among others. Chifeng Jilong Gold Mining Co. and Australian miner Perseus Mining are also reportedly considering the acquisition. While discussions are in the preliminary stages, it’s… Read More Here
West African Resources Advances Mining Projects in Burkina Faso 3 International Gold 

West African Resources Advances Mining Projects in Burkina Faso

The Burkina Faso Council of Ministers has endorsed the draft decree for the issuance of a mining permit to ASX-listed West African Resources for the Toega gold deposit. As per the Mining Code of Burkina Faso, the license will be granted to a local company, 90%-owned by West African Resources and 10%-owned by the State, spanning an initial eight-year period. This approval marks a significant milestone for the commencement of mining operations at the Toega open-pit gold deposit, following the acquisition of Toega’s environmental permit in 2023. With gold resources… Read More Here
Barrick Hunts New Gold and Copper Prospects in DRC From Kibali Base 5 Mining in DRC Copper Gold Press Release 

Barrick Hunts New Gold and Copper Prospects in DRC From Kibali Base

 Based on the success of Kibali, which Barrick has built into Africa’s largest gold mine, the company is ready to invest in new gold and copper opportunities in partnership with the government of the DRC, says president and chief executive Mark Bristow. Speaking to media at a site visit to the mine, Bristow said Kibali was on track for another value-creating year on the back of a strong production performance. It was also well set to replace the ounces that were being depleted by mining with more of the same… Read More Here
Uganda's Gold Exports Soar Despite US Sanctions, Driven by New Processors 6 Gold Mining in Uganda 

Uganda’s Gold Exports Soar Despite US Sanctions, Driven by New Processors

Uganda witnessed a remarkable surge in its gold exports in 2023, surpassing previous records despite facing US sanctions on a major processor in the country, according to data released by the central bank on Tuesday. Bank of Uganda data revealed that Uganda’s gold exports skyrocketed to $2.3 billion in 2023, a significant increase from $201 million recorded in the preceding 12 months. The surge in exports is attributed to the emergence of new processing facilities, notably the Chinese-owned Wagagai Mining plant in eastern Uganda, suggested Stephen Turyahikayo, an expert on… Read More Here
Barrick Opens Academy at Closed Buzwagi Mine 7 Gold International Press Release 

Barrick Opens Academy at Closed Buzwagi Mine

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has officially opened its world class training academy at the old Buzwagi mine, in line with Barrick’s mine closure objective of leaving a positive legacy after mining has finished. Launched today, the Barrick Academy is designed to offer tailor-made training programs aimed at developing Barrick’s frontline managers to grow both as individuals and as leaders in their fields, while equipping them with the skills to manage their teams more effectively and to improve performance. The Barrick Academy will be training more than 2,000 foremen, supervisors and… Read More Here
Copper and Other Mining Product Prices Show Slight Increases in International Markets 8 Mining in DRC Cobalt Copper Gold 

Copper and Other Mining Product Prices Show Slight Increases in International Markets

During the period between March 9 and 14, 2024, the price of copper was expected to experience a slight increase in international markets. According to the National Mercurial Commission of the Ministry of Foreign Trade, copper, a key mining product exported from the Democratic Republic of Congo (DRC), was projected to sell at USD 8,406 per tonne during this period, compared to USD 8,335 per tonne the previous week, indicating a modest increase of USD 71.45 or 0.86%. Additionally, other main mining products exported from the DRC, such as cobalt,… Read More Here
Barrick to Grow Production and Value on Global Asset Foundation 9 Gold Copper International Press Release 

Barrick to Grow Production and Value on Global Asset Foundation

Barrick’s peerless gold and rapidly growing copper portfolios now extend across all the major gold and copper districts worldwide, providing the company with a solid base from which to grow its production and value, directed by a proven strategy and supported by a broad spectrum of skills, says president and chief executive Mark Bristow in the 2023 Annual Report published today. “Discovery and development are the true drivers of value and our strong focus on exploration is evident in our widespread hunt for new discoveries with Tier One1 potential as… Read More Here
Theta Gold Secures Approvals for Mining Operations at MR 83 in South Africa 10 International Gold 

Theta Gold Secures Approvals for Mining Operations at MR 83 in South Africa

Theta Gold, a mining company, announces that it has obtained all necessary approvals to initiate mining activities at Mining Right (MR) 83, encompassing the Beta, CDM, and Frankfort mines, located in South Africa’s Mpumalanga province. “We are delighted to confirm that MR 83 has secured all requisite permits, marking a significant milestone for potential project financing as previously disclosed,” stated Theta’s chairperson, Bill Guy. “With this accomplishment, our focus shifts to finalizing funding arrangements and collaborating with our chosen engineering, procurement, and construction contractor to construct the gold processing plant.”… Read More Here

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