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Category: Gold

Barrick Subsidiaries Settle UK Claims Over Tanzania Gold Mine Deaths 1 International Gold Mine Safety 

Barrick Subsidiaries Settle UK Claims Over Tanzania Gold Mine Deaths

Constance
A UK legal action against Barrick Gold’s subsidiaries alleging killings and injuries of local residents by police engaged for security operations at the Canadian mining giant’s North Mara gold mine in Tanzania has been settled out of court. Barrick, announcing the settlement on its website yesterday, stated that there was no admission of liability on the part of its subsidiaries. No details about the content of the settlement were provided. Fourteen Tanzanian citizens made claims against Barrick’s UK subsidiary, Acacia Mining (now known as Barrick TZ Limited) for alleged human rights incidents between… Read More Here
Zimbabwean Geologist Discovers World's Largest Gold Resource Worth Billions 2 Gold International 

Zimbabwean Geologist Discovers World’s Largest Gold Resource Worth Billions

Constance
PhD recipient Dr Steve Chingwaru’s groundbreaking research in geomatallurgy is turning heads. At just 26, he’s uncovered potentially the world’s largest invisible gold resource, valued at R450 billion. Obtaining a PhD at 26 is already a massive achievement, but what makes Chingwaru’s graduation from Stellenbosch University (SU) even more remarkable is his groundbreaking geometallurgy research that has garnered interest from mining companies around the globe. Chingwaru has uncovered what is potentially the world’s largest invisible gold resource. Originally from Zimbabwe and growing up in Johannesburg with his aunt, the gifted… Read More Here
North of Superior Healthcare Group and Barrick Donate $1 Million to Families Closer to Home Campaign 3 International Corporate social responsibility Gold 

North of Superior Healthcare Group and Barrick Donate $1 Million to Families Closer to Home Campaign

Constance
The North of Superior Healthcare Group (NOSH) and Barrick Gold Corporation (Barrick) are pleased to announce a significant milestone in the Families Closer to Home Campaign. Barrick has generously donated $1 million towards the campaign, propelling the fundraising efforts over halfway to its $2 million goal. The Families Closer to Home Campaign, initiated by NOSH, aims to address the pressing need for enhanced long-term care facilities in the Marathon, ON area. With the strain on the province’s long-term care system, local residents have faced challenges including relocation away from home,… Read More Here
Barrick Academy to Empowering Frontline Leaders for Sustainable Mining 4 International Gold 

Barrick Academy to Empowering Frontline Leaders for Sustainable Mining

Constance
Barrick Gold Corporation has announced a significant initiative aimed at enhancing leadership capabilities within its operations in the Africa and Middle East region. Over the next 24 months, the Barrick Academy will provide specialized training to more than 2,000 foremen, supervisors, and superintendents. Designed to cultivate individual growth and leadership skills, these tailor-made programs will equip frontline managers with the tools to effectively lead their teams and drive improved performance across operations. The inauguration of this world-class training facility takes place at the former Buzwagi mine site in Tanzania. This… Read More Here
Gemfields Evaluates Options for Nairoto Gold Prospect in Mozambique 5 Gemstones Gold International 

Gemfields Evaluates Options for Nairoto Gold Prospect in Mozambique

Constance
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 6 Gold International 

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

Constance
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 7 International Gold 

West African Resources Advances Mining Projects in Burkina Faso

Constance
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 9 Mining in DRC Copper Gold Press Release 

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

Constance
 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 10 Gold Mining in Uganda 

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

Constance
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

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