Gold - Copperbelt Katanga Mining

Barrick Bolsters Zambia Partnership with Lumwana Mine Expansion Investment

October 4, 2023October 4, 2023 Constance

Barrick’s transformation of its Lumwana mine into a world-class producer will provide strong impetus for the government’s thrust to revive the country’s copper industry, president and chief executive Mark Bristow said on September 3rd after a meeting with Zambian President Hakainde Hichilema. Barrick is investing almost $2 billion in an expansion project designed to increase Lumwana’s annual production to an estimated 240,000 tonnes of copper from a 50 million tonne per annum process plant over a 36-year life of mine, elevating this once-unprofitable operation into the front rank of copper… Read More Here

International Gold Partnership

Barrick Acknowledges Twiga Partnership’s Mining Impact

September 29, 2023September 29, 2023 Constance

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) and the Tanzanian government are demonstrating how mining can be an enormous force for good when miners and their host governments work together to create sustainable value for all stakeholders, says president and chief executive Mark Bristow. Speaking to media, Bristow said Barrick’s pioneering Twiga partnership with the government, which equally shares the economic benefits generated by the North Mara and Bulyanhulu mines, should be a model for successful cooperation, notably in developing countries. Not only is Barrick now the largest contributor to the Tanzanian economy… Read More Here

International Gold

Barrick Welcomes Nevada Governor Joe Lombardo and His Delegation to Canada

September 28, 2023September 28, 2023 Constance

Barrick Gold Corporation yesterday September 27th welcomed Nevada Governor Joe Lombardo and members of his economic team as part of the governor’s two-day trade mission to Canada. Canada is Nevada’s largest trading partner and Barrick is the largest Canadian company operating in Nevada through Nevada Gold Mines (NGM), the world’s biggest gold mining complex. Barrick is one of the highest taxpayers in the state, as well as one of Nevada’s biggest employers with a workforce of over 12,000 employees and contractors. Barrick president and chief executive Mark Bristow said the… Read More Here

International Gold

Barrick Provides Context on Media Report Regarding Security at North Mara

September 26, 2023September 26, 2023 Constance

On September 21, 2023, The Globe and Mail published an article, based on documents referenced in UK Court Proceedings, which discusses activities alleged to have occurred at the North Mara Mine in Tanzania before 2017 when Acacia Mining Plc was an independent entity. Barrick acquired full ownership of Acacia Mining Plc in 2019 and it now holds an indirect majority stake in the North Mara Mine with the establishment of Twiga Minerals in 2019 — a joint venture between Barrick and the Government of Tanzania. Since then, Barrick has significantly… Read More Here

Mining in DRC Artisanal mining Gold

Primera Gold Exported 475,348 kg of Artisanal Gold in September 2023

September 26, 2023September 26, 2023 Constance

The Democratic Republic of Congo (DRC) is gradually asserting itself in the export of raw gold from artisanal mining since the signing in December 2022 of the joint venture concluded between the Congolese State and the United Arab Emirates for the creation of Primera Gold. According to data published by this company, artisanal gold exports are estimated at 475,348 kg of gold for the month of September 2023 alone. Figures that had never been reached in the modern history of the country. “Primera Gold DRC SA has just exported, for… Read More Here

Mining technology Battery Metals Cobalt Copper Diamond Environment Social Governance (ESG) Equipment & Technology Gold International

4IR Technologies to Boost Competitiveness of Africa’s Mining Industry

September 26, 2023September 26, 2023 Constance

In addition to serving as an important aspect of the global energy transition, critical mineral resources represent a crucial source of revenue for many African nations. As a result, the continent is well-positioned to leverage and embrace Fourth Industrial Revolution (4IR) technologies – including artificial intelligence (AI), automation, data analytics and predictive modeling – to optimize production processes, enhance decision-making and render its mining sector more competitive globally. Set to define the future of mining, real-time data analytics provide additional insights into underlying mining systems and enable short interval control… Read More Here

Gold Events & Expos Mining in DRC

DRC’s Major Economic Gathering on Gold Scheduled for October 24-25, 2023

September 24, 2023September 24, 2023 arnbethnic

The Democratic Republic of the Congo (DRC) is preparing to host the national gold days, known as “Wolo,” from October 24 to 25, 2023. To this end, the organizing committee for this event, led by Prince Nyampala, has had discussions with the Chamber of Mines of the Federation of Congolese Enterprises (FEC), represented by its coordinator, Bernadette Pundu, to refine the strategies for the success of these proceedings. According to the President of the Organizing Committee for this event, the efforts made in the gold sector of the Democratic Republic… Read More Here

Gold International

Sibanye-Stillwater considers South Africa gold operation restructure

September 21, 2023September 21, 2023 Constance

Precious metals mining company Sibanye-Stillwater is looking to restructure one of its gold operations in South Africa (SA) due to operational constraints and ongoing losses over an extended period. The move is expected to impact about 2,389 employees and 581 contractors at Kloof 4 shaft, which suspended operations on 1 August 2023 due to an incident that damaged infrastructure. Sibanye Stillwater now intends to start talks with organized labor and other affected stakeholders, regarding the possible restructuring. In a press statement, Sibanye Stillwater said: “The initiation of S189 consultations follows… Read More Here

Gold International

Strategically Driven Barrick to Deliver Sustainably Profitable Growth

September 20, 2023September 20, 2023 Constance

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) is projecting a 30% increase in production on the back of the growth options embedded in its asset portfolio,1 president and chief executive Mark Bristow told the Gold Forum Americas. Bristow said the clean energy transition is creating an unprecedented demand for metals and minerals but the market’s demand for instant gratification is driving M&A, which is not always conducive to investment in sustainable projects but rather the delivery of short-term returns. These growth projects are vital, not only for the resources needed for cleaner energy but for… Read More Here

International Gold

Gold Fields Set to Determine Future of Ghana Mine in Next Four Months

September 20, 2023September 20, 2023 Constance

Gold Fields will decide whether to keep or dispose of its stake in its smallest gold asset within the next four months, according to interim CEO Martin Preece. The Johannesburg-listed firm is “exploring all the options” for the Asanko gold mine in Ghana, including a total divestiture or a move to boost its ownership, Preece told Bloomberg. The company entered into a joint venture agreement to operate the mine with Vancouver-based Galiano Gold in 2018. It produced 170 342 bullion ounces last year but expects output to drop to 120 000 to 130 000 ounces in 2023 as the asset… Read More Here