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Category: Gold

DRC Gold Production Skyrockets from 38 kg to 475 kg in September 2023 1 Mining in DRC Artisanal mining Gold 

DRC Gold Production Skyrockets from 38 kg to 475 kg in September 2023

Constance
The gold sector is changing in the Democratic Republic of Congo (DRC). It remains notably marked by a significant increase in the production of artisanal gold. The various collaboration agreements signed between the Congolese Government, private and state actors have made it possible to boost this production to 475 kg of artisanal gold in September 2023, coming from 38 kg recorded in 2022. This evolution of the DRC’s gold sector was mentioned by the Deputy Minister of Mines, Godard Motemona, this Tuesday, October 24, 2023, during the first edition of the… Read More Here
DRC Gold Ore Sparks Discussion Among Mining Stakeholders 2 Mining in DRC Artisanal mining Gold 

DRC Gold Ore Sparks Discussion Among Mining Stakeholders

Constance
Gold ore from the Democratic Republic of Congo (DRC) was at the heart of discussions, on Tuesday October 24, 2023, between both private and public players in the mining sector. Initiated by Prince Nyampala, these meetings, organized in collaboration with the Chamber of Mines of the DRC, focus on the theme: “gold, a structuring pillar of the development of the Democratic Republic of Congo”. Speaking in a panel, the Managing Director of Primera Gold, Joseph Kazibaziba, revealed that the province of South Kivu transits a minimum of three tonnes of… Read More Here
Citizens Rally at US Embassy in DRC Demanding Action on Primera Gold in Anti-Smuggling Fight 3 Mining in DRC Gold Regional conflict 

Citizens Rally at US Embassy in DRC Demanding Action on Primera Gold in Anti-Smuggling Fight

Constance
Citizen movements organized a sit-in this Friday, August 20, 2023, in front of the United States Embassy in Kinshasa to express their concerns about the positions of the American state through their press release of October 12. According to these citizen associations, the positions of the United States “verge on a strong observed inconsistency”. In their memorandum read by Mr. Jeriel Kasia, these citizen associations draw the attention of the United States of America to three areas: the area of ​​security, the socio-economic area and finally the consolidation of democracy.… Read More Here
key actions of Kibali's social commitment 4 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 5 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 6 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 7 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 8 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 9 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 10 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

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