Gold - Copperbelt Katanga Mining

Uganda's Gold Exports Soar Despite US Sanctions, Driven by New Processors 1

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

March 18, 2024March 18, 2024 Constance

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

Mining in DRC Cobalt Copper Gold

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

March 17, 2024March 17, 2024 Constance

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

Gold Copper International Press Release

Barrick to Grow Production and Value on Global Asset Foundation

March 16, 2024March 16, 2024 Constance

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

International Gold

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

March 16, 2024March 16, 2024 Constance

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

International Copper Gold

Thunder Gold Completes Sale of 25% Stake in Namibia’s Kalahari Copper Belt Project to Noronex

March 15, 2024March 15, 2024 Constance

Thunder Gold Corp, formerly known as White Metal Resources, has completed its exit from Namibia by selling its remaining 25% interest in the Kalahari Copper Belt to its joint venture partner Noronex. The belt includes the Witvlei and Dordabis projects, collectively known as the DorWit projects, boasting a current JORC (2012) compliant resource of 10 million tons at 1.3% Cu, with significant exploration potential. Noronex’s acquisition of Larchmont Investments in November 2020 led to a majority stake in Aloe 237 Investments, the owner of the Kalahari Copper Belt licenses. Now,… Read More Here

Technology & Innovation Copper Exploration Gold International Mining technology Press Release

Ivanhoe Electric to Implement Advanced Software at Tintic Copper-Gold-Silver Project

March 15, 2024March 15, 2024 Constance

Ivanhoe Electric Announces Application of Latest Computational Geosciences Inc. Software at Tintic Copper-Gold-Silver Project in Utah Recent Advancements in CGI’s Machine Learning-based Software Improve Quality and Speed of Typhoon™ Data Processing Updated Interpretation of Typhoon™ Survey Data at Tintic Resulted in Refined Drill Targets Ivanhoe Electric and CGI Are Utilizing the Latest Software in Recent U.S. Surveys and in the Company’s Saudi Arabian Exploration Joint Venture with Ma’aden PHOENIX, ARIZONA – Ivanhoe Electric Inc. (“Ivanhoe Electric”) (NYSE American: IE; TSX: IE) and its subsidiary, Computational Geosciences Inc. (“CGI”), are pleased to… Read More Here

Press Release Gold International

Loulo-Gounkoto Delivers Another Value-Creating Performance

March 10, 2024March 10, 2024 Constance

The Loulo-Gounkoto complex in Mali, one of the world’s largest gold producers, has contributed more than $1 billion to the Malian economy over the past 12 months, maintaining its long record as one of the country’s largest and most consistent revenue generators. The complex is on track to meet its production guidance for the current quarter and the year. There have been no lost time injuries or major environmental incidents during the quarter to date. Speaking to media and stakeholders at the mine today, Mark Bristow, president and chief executive… Read More Here

Mining in DRC Gold Press Release

Kibali and ARSP team up to promote local content in the DRC

March 3, 2024March 4, 2024 arnbethnic

Africa’s largest gold mine, Kibali, and the Autorite de Regulation de la Sous-Traitance dans le Secteur Prive (ARSP), the body which oversees the DRC’s sub-contracting sector, have agreed to collaborate on a range of local content initiatives. The partnership has been designed to increase the mine’s already extensive use of Congolese contractors and suppliers in line with parent company Barrick’s global policy of supporting local businesses and employing host country nationals. Since 2009, Kibali has spent more than $2.6 billion with local suppliers. Of its more than 6,500 employees, 95%… Read More Here

Mining in DRC Copper Gold Nickel Press Release

Ivanhoe Mines Reveals 2023 Financials and Project Updates at BMO Global Metals Conference

February 28, 2024February 28, 2024 Constance

Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) President Marna Cloete and Chief Financial Officer David van Heerden were pleased to present, ahead of the 33rd BMO Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida, the company’s financial results for the year ended December 31, 2023, and provided an operations and project development update. Ivanhoe Mines is a leading Canadian mining company developing and operating its four principal mining and exploration projects in Southern Africa: expanding operations at the world-class Kamoa-Kakula Copper Complex (Kamoa-Kakula) in the Democratic Republic of Congo… Read More Here