Gold - Copperbelt Katanga Mining

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

International Gold Mining Equipment

Epiroc wins large mining equipment order for gold mines in China

January 15, 2024January 15, 2024 Constance

Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and construction industries, has won a large order for underground mining equipment from Shandong Gold Group Co., Ltd for use at three gold mines in China. Shandong Gold Group, one of China’s largest gold mining companies, has ordered a fleet of mine trucks, loaders, and drill- and rock reinforcement rigs to expand production at the Jiaojia, Xincheng, and Sanshandao gold mines. The order is valued at about MSEK 350 and was booked in the fourth quarter 2023. Epiroc… Read More Here

Mining in DRC Gold

Licoco Commends Primera Gold SA for Advancing Gold Supply Chain Traceability

January 13, 2024January 13, 2024 Constance

The Congolese Anti-Corruption League (LICOCO) congratulates the company Primera Gold DRC SA for “its efforts to publish all its suppliers and mining sites which constitute its supply chain of Gold from artisanal mining”. Licoco says that these elements are provided in the letter from Primera Gold DRC SA N/Ref. : PG-DRC/DG/JK/BBC/272/2023 of November 1, 2023 addressed to the United Nations Group of Experts. In a press release received on Wednesday, January 10, 2024 the anti-corruption platform encourages the Congolese State Portfolio company to “also publish the taxes, fees, royalties and other… Read More Here

Mining in DRC Gold

Gold continues to rise this week from January 8 to 13, 2024 in DRC

January 12, 2024January 12, 2024 Constance

The majority of mining export products from the DRC in this week of January 8 to 13, 2024 are on the rise, according to forecasts from the National Mercuriales Commission of the Ministry of Foreign Trade. Gold showed an improvement this week to 66.82 USD per gram against 66.38 USD per gram last week, an increase of 0.44 USD. Tantalum is also up this week at 238.5 USD per kg against 211. USD per kg last week, giving a positive price difference of 5 USD. Zinc also shows an upward… Read More Here

Gold Artisanal mining Mining in DRC

from January 1 to December 11, 2023, Primera Gold exported 4.3 tonnes of artisanal gold

January 11, 2024January 11, 2024 Constance

The Primera Gold company exported, from January 1 to December 11, 2023, 4.3 tonnes of artisanal gold from the Democratic Republic of Congo (DRC) to the Dubai market. This export volume should generate revenues of around 261.5 million US dollars if we stick to the sale price on the Dubai Stock Exchange as of January 9, 2023, i.e. 59,580 dollars for a kilogram of gold. In a press release published on September 30, 2023, the communications department of Primera Gold announced that this company had succeeded in exporting, in nine… Read More Here

Battery Metals Coal Diamond Gold International

Five Mineral Markets to Watch in 2024

January 10, 2024January 10, 2024 Constance

With a focus on sustainable and equitable extraction, COP28 highlighted the pivotal role of critical minerals in securing clean energy supplies and transition value chains. In line with these advancements – which sees global demand more than doubling by 2030 – mineral-rich African countries are strengthening their regulatory frameworks and introducing new incentives to attract mining-focused investments. The second edition of the Critical Minerals Africa summit – slated for October 2024 – will showcase these markets and their role in global supply-demand dynamics over the next decade. Below are the top five… Read More Here