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Category: Gold

key actions of Kibali's social commitment 1 Mining in DRC Corporate News Corporate social responsibility Gold 

key actions of Kibali’s social commitment

Constance
The 2018 Mining Code requires mining companies to develop the local communities where their mines are located. As a good student, the mining company Kibali Gold Mines does not deviate from this rule. Several achievements have been made by this mining giant in the 14 years since it was established in the Haut-Uele province. At the 50th press conference held on October 5, 2023, Mark Bristow, President and CEO of Kibali, looked back on these various achievements. First, concerning community development Here, the achievements are classified in the sector of… Read More Here
Primera Gold DRC SA Exports 125.542 kg of Gold to the UAE 2 Mining in DRC Economy Gold 

Primera Gold DRC SA Exports 125.542 kg of Gold to the UAE

Constance
Primera Gold DRC SA exported 125,542 kg of gold last weekend to the United Arab Emirates. According to the tweet from the communications manager of this state portfolio company, Ms. Gisèle Kayembe, who shared this information on her page month of October, Gold from artisanal mining. Note that before the arrival of Primera Gold DRC SA, the province of South Kivu exported an average of 25 kg per year of gold from artisanal mining, for an amount equivalent to 1.5 million USD. And the entire DRC, an average of 100… Read More Here
Barrick Set for Strong Finish to the Year 3 Gold Corporate News International 

Barrick Set for Strong Finish to the Year

Constance
 Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today reported preliminary Q3 sales of 1.03 million ounces of gold and 101 million pounds of copper, as well as preliminary Q3 production of 1.04 million ounces of gold and 112 million pounds of copper. Q3 production was higher than Q2, although lower than previous plans for the quarter, especially at Pueblo Viejo where equipment design deficiencies contributed to the delayed ramp up of the expansion project. We continue to expect a significant increase in fourth quarter production volume. The average market price for gold in… Read More Here
Barrick CEO Engages with Stakeholders Around Reko Diq Site as Project Progresses 4 Gold Corporate News International 

Barrick CEO Engages with Stakeholders Around Reko Diq Site as Project Progresses

Constance
Barrick Gold Corporation’s president and chief executive Mark Bristow last week arrived at the site of the Reko Diq project to review its progress and engage with stakeholders who live in and around the area. Due to go into production in 2028, Reko Diq hosts one of the world’s largest undeveloped copper-gold deposits. Among others, Bristow and his team met representatives of the Par-e-Koh and Nokkundi community development committees, which include members of resident tribes, village elders and youth groups. They also visited the primary schools set up by Reko… Read More Here
DRC: Fatal Assault on Chinese Mining Base in Fizi, South Kivu 5 Mining in DRC Gold Mine Safety 

DRC: Fatal Assault on Chinese Mining Base in Fizi, South Kivu

Constance
Unidentified armed individuals carried out an intrusion during the night from Sunday to Monday, October 9, within a mining installation operated by the company TSM Mining in Kachemba, in the territory of Fizi, province of South Kivu. According to security sources, the attack, which occurred around 1 a.m., was carried out by suspected attackers from the village of Kalondakibuyu, located in the territory of Kabambare, Maniema.  The targeted concession, specializing in gold mining, was the target of a shootout between the attackers and members of the Armed Forces of the… Read More Here
Zimbabwe Launches Gold-Backed ZiG Tokens to Combat Re-Dollarization Threat 6 Gold Economy International 

Zimbabwe Launches Gold-Backed ZiG Tokens to Combat Re-Dollarization Threat

Constance
Zimbabwe has launched a new gold-backed digital currency to halt re-dollarization, which the administration of President Emmerson Mnangagwa worries could destroy the nation’s already precarious economy. The digital tokens, also known as Zimbabwe Gold (ZiG), which are primarily measured in milligrams, may be used for transactions by both private persons and businesses, according to the nation’s central bank. In addition to being priced in US dollars and local currency, they may be purchased via banks in ZiG. Bank customers may use their ZiG accounts to make purchases through point-of-sale terminals… Read More Here
Primera Gold identifies more than 25,000 artisanal Gold diggers 7 Mining in DRC Artisanal mining Gold 

Primera Gold identifies more than 25,000 artisanal Gold diggers

Constance
Traceability in artisanal gold mining in the Democratic Republic of Congo (DRC) is at the core of the missions assigned to the Primera Gold DRC SA joint venture. Since its establishment in December 2022, Primera Gold DRC SA has identified more than 25,000 artisanal diggers grouped in eighteen (18) cooperatives. “95% of direct payments are now made via Congolese banking institutions. Which is a first in the DRC and in the artisanal gold sector.  To date, this traceability allows the Congolese state to clearly identify the final consumers of dollars. Furthermore, Primera… Read More Here
Mike Fraser appointed Gold Fields CEO 8 International Gold Mining Personality 

Mike Fraser appointed Gold Fields CEO

Constance
 Gold Fields has appointed Mike Fraser CEO and executive director of the company with effect from January 1, 2024. Fraser is currently CEO of Aim-listed Chaarat Gold Holdings. Prior to that, he was president and COO of South32’s key metal businesses. He will take over from Martin Preece, who took up the position of interim CEO on January 1 this year, following the resignation of former CEO Chris Griffith. To ensure a seamless leadership transition, Preece will continue as interim CEO until December 31. Preece will remain with the company thereafter as part of its executive management team,… Read More Here
Barrick Pursues New Discoveries Amid Loulo-Gounkoto Success 9 Gold International 

Barrick Pursues New Discoveries Amid Loulo-Gounkoto Success

Constance
 The Loulo-Gounkoto complex is set to maintain its status as one of the world’s Top 10 gold producers as it stays on track to meet this year’s guidance and continues to replace the reserves depleted by mining, Barrick president and chief executive Mark Bristow said. Briefing local journalists, he noted that in the 26 years Barrick had been in the country, it had worked tirelessly with successive governments and local partners to grow Mali’s mining industry and to promote it as a global investment destination, in the face of many… Read More Here
DRC: Kibali Completes 7 out of 11 Projects Worth $8.9 Million 10 Mining in DRC Gold 

DRC: Kibali Completes 7 out of 11 Projects Worth $8.9 Million

Constance
The mining operator, Kibali, has successfully completed 7 out of the 11 projects specified, with a total estimated cost of $8.9 million to be disbursed over the next five years. Mark Bristow, President and CEO of Barrick, made this announcement during the final press conference of 2023 on October 5th. Bristow emphasized the transformative impact of responsible mining on the economies of underdeveloped and developing nations. He highlighted the importance of strong partnerships between mining operators and governments in benefiting all stakeholders, especially host countries and their communities. Regarding the… Read More Here

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