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Category: Gold

Mike Fraser appointed Gold Fields CEO 1 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 2 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 3 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
Sibanye-Stillwater CEO Neal Froneman Named Chair of World Gold Council 4 International Gold Mining Personality 

Sibanye-Stillwater CEO Neal Froneman Named Chair of World Gold Council

Constance
Global gold industry organization, the World Gold Council (WGC), has appointed Neal Froneman, CEO of Sibanye-Stillwater, as its new chairperson and Niël Pretorius, CEO of DRDGold, as a director. Froneman, with over 40 years of mining experience, succeeds Randy Smallwood, President, and CEO of Wheaton Precious Metals Corp, who served as WGC chair since 2020. Under Froneman’s leadership, Sibanye-Stillwater transformed from a South African gold producer into a diversified mining and processing company with assets worldwide. Sibanye-Stillwater has also made significant strides in platinum group metals recycling and tailings reprocessing.… Read More Here
Barrick Gold Partners with PRISMA for Enhanced Tanzanian Site Training 5 International Gold 

Barrick Gold Partners with PRISMA for Enhanced Tanzanian Site Training

Constance
Barrick Gold, a large gold producer, has partnered with PRISMA Training Solutions, a leading professional training provider, to enhance training at its sites in Tanzania The gold producer has targeted fostering local mining sector growth at its North Mara and Bulyanhulu mining projects and has collaborated with PRISMA in order to deliver tailored and sustainable education and training solutions. The aim of the partnership is to enhance productivity, efficiency and safety at the sites while prioritising human capital development and elevating the capabilities of local suppliers. The project, which is… Read More Here
Barrick Bolsters Zambia Partnership with Lumwana Mine Expansion Investment 6 Mining in Zambia Copper Gold Partnership 

Barrick Bolsters Zambia Partnership with Lumwana Mine Expansion Investment

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
Barrick Acknowledges Twiga Partnership's Mining Impact 7 International Gold Partnership 

Barrick Acknowledges Twiga Partnership’s Mining Impact

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
Barrick Welcomes Nevada Governor Joe Lombardo and His Delegation to Canada 8 International Gold 

Barrick Welcomes Nevada Governor Joe Lombardo and His Delegation to Canada

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
Barrick International Gold 

Barrick Provides Context on Media Report Regarding Security at North Mara

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
Primera Gold Exported 475,348 kg of Artisanal Gold in September 2023 9 Mining in DRC Artisanal mining Gold 

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

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