Gold - Copperbelt Katanga Mining

B2Gold buys AngloGold’s stake in Colombia project

September 19, 2023September 19, 2023 Constance

Gold mining major AngloGold Ashanti is exiting the Gramalote project, in Colombia, with joint venture (JV) partner B2Gold buying its 50% interest in the project for up to $60-million. The agreement follows a joint sales process by B2Gold and AngloGold for their combined interests in Gramalote that failed to yield an offer from a third party that was acceptable to either company. The project was put up for sale after an optimized feasibility study did not deliver results that met either company’s investment threshold for development. Gold mining major AngloGold… Read More Here

Mining in DRC Gold

DRC: Gold Surges to $62.96 per Gram During the Week of September 11-16, 2023

September 15, 2023September 15, 2023 Constance

The general trend is upwards in the main mining export products of the Democratic Republic of Congo on the international market in this week from September 11 to 16, 2023, according to forecasts by experts from the National Mercuriales Commission of the Ministry of Commerce outside. Gold is showing an upward trend this week and is trading around USD 62.96 per gram against USD 62.19 per gram the previous week, an increase of USD 0.77. Likewise, copper is also this week at 8,419 USD per tonne against 8,377 USD per… Read More Here

International Gold

Barrick Ceases to be an Insider of Cascadia Minerals

September 13, 2023September 13, 2023 Constance

Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) (“Barrick”) has announced that following the August 24, 2023 closing of a private placement of units (the “Private Placement”) by Cascadia Minerals Ltd. (“Cascadia”), Barrick’s 2,788,696 common shares of Cascadia represent approximately 7.6% of Cascadia’s outstanding common shares. Barrick did not acquire any securities in the Private Placement and, as a result of the Private Placement, Barrick has ceased to be an insider of Cascadia pursuant to Canadian securities laws. Barrick is holding its Cascadia common shares for investment purposes. Depending on market conditions and… Read More Here

Copper Gold International

Barrick’s Embedded Growth Projects to Drive Value With 30% Rise in Production

September 13, 2023September 13, 2023 Constance

With the potential embedded in its growth project portfolio, Barrick plans to double its copper production by the end of the decade and continue to increase it to an estimated 1 billion pounds or 450,000 tonnes of copper per annum by 2031, says president and chief executive Mark Bristow. Speaking to investors on an update call, Bristow said this substantial growth in copper production combined with the output from Barrick’s sector-leading gold portfolio was expected to increase the group’s attributable production by some 30% to 6.8 million gold-equivalent ounces by… Read More Here

International Artisanal mining Gold

Mongolian Artisanal Miners receive Trained in Health, Safety, and Rescue Operations

September 8, 2023September 8, 2023 Constance

In an effort to enhance the well-being and safety of artisanal and small-scale miners (ASM) in Mongolia, the planetGOLD Mongolia project joined forces with the Emergency Management Division (EMD) of Mandal soum, Selenge province, Mongolia, for a comprehensive two-day training program on August 29 and 30, 2023. The training aimed to equip ASM miners with essential knowledge in operational health and safety, ASM sector legislation, risk mitigation, and rescue operations. Day One: Building a Foundation The first day of training saw a multi-faceted approach to equipping miners with the necessary… Read More Here

Lithium Battery Metals Copper Gold Mining in DRC

Will Africa and the DRC Turn the Lithium Rush into a Development Opportunity?

September 8, 2023September 8, 2023 Constance

Africa holds 30-75% of the world’s reserves of lithium, phosphate, copper, chrome, manganese, gold, platinum, diamonds, and aluminum. Some of these minerals, such as lithium, are essential for what is known as the energy transition, the shift from an economy based on gas and oil to one based on renewable sources. Zimbabwe possesses the largest lithium reserves in Africa, which are also the fifth-largest in the world. In 2018, Zimbabwe and Namibia were among the top ten global lithium producers. Zimbabwe is expected to meet 20% of the global demand… Read More Here

Mining in DRC Cobalt Copper Gold

DRC Gold Prices Surge: One Gram Now Valued at $62.19 USD This Week

September 8, 2023September 8, 2023 Constance

After copper and cobalt, the Democratic Republic of Congo also wants to focus on gold ore to increase its public revenue. On the international markets, gold should experience a significant price increase during this week, inform the projections of the National Commission of Mercurial Prices of the Ministry of Foreign Trade of the Democratic Republic of Congo (DRC). A gram of gold is expected to trade at USD 62.19 this week compared to USD 61.31 per gram last week. From one week to one, this ore should record an increase… Read More Here

Mining Personality Copper Gold Mining in Zambia

Vedanta Explores Chris Griffith as Potential Head of African Base Metals Business

September 6, 2023September 6, 2023 Constance

Vedanta Resources is considering appointing former Gold Fields boss and Anglo American executive Chris Griffith as head of its African base metals business, according to people familiar with the matter. Indian billionaire Anil Agarwal’s Vedanta owns zinc mines in South Africa and neighboring Namibia, which will form the base-metals portfolio with Zambia’s Konkola Copper Mines. Griffith quit as Gold Fields CEO in December after the company’s failed attempt to take over Canada’s Yamana Gold Inc. He previously headed the platinum and iron-ore businesses of Anglo American, in which Agarwal was once the biggest shareholder. Talks are ongoing, and no final decisions have been made by either party on… Read More Here

Gold Mining in DRC

DRC Nobel Peace Prize Winner Criticizes Primera Gold Contract

September 1, 2023September 1, 2023 Constance

The 2018 Nobel Peace Prize laureate, Dr. Denis Mukwege, strongly criticized the contract between the DRC and Primera Gold during a rally in Bukavu organized by Catholic youth on Sunday, August 27th. Addressing a crowd of mostly young people, Dr Mukwege expressed concern about the exploitation of Kivu’s resources: “It is unacceptable that a company obtains a monopoly on Kivu’s gold for a nominal fee, depriving thus the Congolese have colossal incomes.” The firm, which is said to have exported more than 3,000 kilos of gold in one half-year, the… Read More Here

International Gold Mining Policy

Mali’s New Mining Code reinforces State participation

August 31, 2023August 31, 2023 Constance

Mali’s interim President, Assimi Goita, has promulgated a new Mining Code that will allow the military-led government to increase ownership or shareholder control of gold concessions and recover what it declares to be a large shortfall in production revenues. The new code, signed on state television on Monday night, will allow state and local investors to take up to 35 percent stakes in mining projects, up from 20 percent today, and could more than double the contribution of the sector to the Gross Domestic Product, to around 20 percent, indicated… Read More Here