Gold - Copperbelt Katanga Mining

ZCCM-IH Refutes Allegations of Losing Control Over Kasenseli Gold Mine

February 14, 2024February 14, 2024 Constance

ZCCM Investments Holdings Plc (ZCCM-IH) has come forward to address recent allegations circulating in certain media outlets regarding the purported loss of control over the Kasenseli Gold Mine. Contrary to these reports, ZCCM-IH asserts that the resumption of mining operations at Kasenseli Gold Mine is on the horizon, following the amicable resolution of disputes and the necessary consent to mine being granted. One of the key hurdles in the path to resuming operations was the resolution of disputes raised by one of the Kasenseli Gold Company Limited shareholders, Kampoko Resources… Read More Here

International Gold Mining in Uganda

Uganda Strengthens Border Control Measures for Gold Shipments

February 12, 2024February 12, 2024 Constance

Uganda has recently implemented stringent measures to enhance the verification of products entering its borders, particularly focusing on gold shipments. The Uganda Revenue Authority (URA) issued a notice informing clearing officers of a new rule aimed at ensuring the legitimacy of such imports. According to a report by the East African, the URA has written to Ugandan airlines, warning that gold shipments will be denied unless exporters provide proof of payment clearance. This move comes as a response to concerns about the violation of East African Community Customs Management due… Read More Here

Gold Economy International Mining revenue

Barrick Continues To Be a Major Value Creator for Mali

January 31, 2024January 31, 2024 Constance

Barrick Gold Corporation and its predecessor, Randgold Resources, has been a valuable partner to Mali for 27 years and, in the face of many challenges, continues to work tirelessly with the Transition Government of Mali and local stakeholders to plot a new course for the country’s mining industry and promote it as an investment destination, says president and chief executive Mark Bristow. Speaking to the media, Bristow said during this time its mines had contributed almost $10 billion to the Malian economy in the form of taxes, royalties, salaries and… Read More Here

Mining in DRC Electricity Gold Press Release

Kibali Gold Mine Sets Benchmark for Sustainable and Automated Mining

January 31, 2024January 31, 2024 Constance

KINSHASA, DEMOCRATIC REPUBLIC OF CONGO – Kibali, the largest gold mine in Africa, is now also one of the greenest mines on the African continent, Barrick president and chief executive Mark Bristow told media at a briefing on Monday January 29th. Much of the electricity that drives Kibali is already supplied by its three hydropower stations. Once the mine’s new 16 megawatt solar plant and additional battery energy storage infrastructure, designed to back up the hydropower supply during the region’s dry season, are commissioned, it is expected the mine’s overall renewable electricity… Read More Here

International Artisanal mining Gold

Tragic Mine Collapse Claims Lives of Over 40 Artisanal Gold Miners in Mali

January 25, 2024January 25, 2024 Constance

More than 40 artisanal gold miners lost their lives last week in southwest Mali when the shaft they were working in collapsed, as reported by Mali’s mines ministry on Wednesday. The incident highlights the dangers associated with artisanal mining, a prevalent activity in West Africa that has witnessed increased demand and higher metal prices in recent years. Artisanal miners often use outdated and unregulated methods, leading to frequent deadly accidents. The tragedy occurred on Friday in the Kangaba Cercle in the south-western Koulikoro Region. While the ministry’s statement on Tuesday… Read More Here

International Gold

AngloGold Ashanti picks 11.7% stake in G2 Goldfields

January 24, 2024January 24, 2024 Constance

South African miner AngloGold Ashanti has completed the acquisition of an 11.7% stake in Canada’s G2 Goldfields for C$22.05m ($16.4m). The transaction involved the purchase of 24.5 million shares at C$0.90 per share, with the net proceeds to support exploration at G2 Goldfields’ Oko project in Guyana. The infusion will also be used for the company’s general corporate requirements. Before this transaction, AngloGold had not held any beneficial ownership in G2 Goldfields. The acquisition of these shares has provided the investor with a significant, non-diluted interest in the company. Future involvement of… Read More Here

International Gold

Barrick’s North Mara and Bulyanhulu Mines Achieve 2023 Production Targets in Tanzania

January 22, 2024January 22, 2024 Constance

Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) – Barrick’s North Mara and Bulyanhulu gold mines have sustained their strong performance and achieved their production guidance for 2023. The mines are part of Twiga Minerals, a joint venture between Barrick and the Government of Tanzania. Speaking to media yesterday, president and chief executive Mark Bristow said the transformation of two derelict mines into a world-class complex which, on a combined basis, produce gold at a Tier One1 level, shows what could be achieved when mining companies and their host governments partner to deliver real… Read More Here

International Gold

Barrick Gold denies meeting First Quantum in Panama

January 22, 2024January 22, 2024 Constance

Barrick Gold has refuted a report from a Canadian newspaper saying that one of the gold miner’s executives had met with First Quantum representatives in Panama last week, to discuss a potential takeover of the troubled copper miner. The Globe and Mail reported on Thursday that Juana Barceló, president of Barrick’s Pueblo Viejo operations in the Dominican Republic, was recently in Panama, where she met First Quantum’s officials to discuss a possible merger or buyout. The publication cited Ebrahim Asvat, a former Panama government’s adviser, as the source. Barrick said… Read More Here

International Gold

Barrick Reports Higher Q4 Gold Production

January 17, 2024January 17, 2024 Constance

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick” or the “Company”) yesterday reported preliminary full year and fourth quarter 2023 production results. On the back of higher Q4 production, preliminary gold production for the full year of 4.05 million ounces was consistent with our forecast as guided in our third quarter release.1 Preliminary copper production of 420 million pounds for 2023 was within the guidance range of 420 to 470 million pounds. The preliminary Q4 results show sales of 1.04 million ounces of gold and 117 million pounds of copper, as well as… Read More Here

International Gold Mine Safety Mining safety Safety & Health

Collapse of goldmine in Tanzania kills 22, official says

January 15, 2024January 15, 2024 Constance

The collapse of an illegal small-scale gold mine has killed at least 22 people in northern Tanzania following heavy rains, a senior government official said on yesterday. The accident happened early on Saturday in the Simiyu region after a group of people aged between 24 and 38 years old started mining in an area where activity had been restricted due to ongoing heavy rains, Simon Simalenga, the region’s Bariadi district commissioner, told Reuters. “Initially we were told that there were 19 to 20 people who were trapped in the mines… Read More Here