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Category: Gold

Bemetals Announces C$ 5.3 Million Private placement with Strategic Investor B2Gold Corp 1 Mining in Zambia Gold 

Bemetals Announces C$ 5.3 Million Private placement with Strategic Investor B2Gold Corp

Constance
BeMetals Corp. (TSXV: BMET, OTCQB: BMTLF, Frankfurt: 1OI.F) (the “Company” or “BeMetals”) announces it has secured up to C$5.3 million of funding with strategic investor B2Gold Corp. (TSX: BTO, NYSE American: BTG, NSX: B2G) (“B2Gold”), consisting of a C$3.3 million convertible debenture private placement and a commitment for additional funding of C$2 million. John Wilton, President and CEO of BeMetals stated, “With the support of our cornerstone and strategic investor B2Gold, we look forward to delivering continued positive results from ongoing exploration at our Kazan portfolio of gold projects in Japan… Read More Here
Barrick Targets 2028 for First Production from Reko Diq 2 Gold International 

Barrick Targets 2028 for First Production from Reko Diq

Constance
 Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) president and chief executive Mark Bristow says with the updated feasibility study on the giant Reko Diq copper-gold project making rapid progress, the company is aiming to start production in 2028. Speaking at the inaugural session of Pakistan’s first Minerals Summit, Bristow said the signing of the New Reko Diq agreement last year was a landmark event in the development of a mining industry in Pakistan, a process which will be accelerated by the Minerals Summit. “I hope the momentum created by this event will be… Read More Here
West Africa's Mining Industry Flourishes with Gold Production at the Helm 3 Gold International 

West Africa’s Mining Industry Flourishes with Gold Production at the Helm

Constance
There has hardly been a more exciting time for West Africa’s mining sector. For an industry that has grown steadily since the 1990’s, the implementation of new legal frameworks, mining codes, environmental standards and more efficient permitting processes, has promoted the development of the industry to new heights and encouraged private sector engagement and investment. As more projects increasingly populate the landscape, the region has emerged as a key player in markets of global significance, most notably gold. While sub-Saharan production of this resource has historically been dominated by South Africa,… Read More Here
Sibanye suspends Kloof shaft operations after infrastructure damage 4 International Gold Mine Safety 

Sibanye suspends Kloof shaft operations after infrastructure damage

Constance
Sibanye Stillwater has suspended mining operations at its Kloof 4 shaft in South Africa, which produces 14% of the miner’s gold output, after it suffered infrastructure damage, the company said on Tuesday August1st. No injuries were reported after the incident, which occurred on July 30 during a standard safety trial run of the conveyance system conducted before workers were hoisted up the shaft, Sibanye said in a statement. “The incident occurred between shifts and all employees below 39 level were safely brought to the surface without any injuries sustained,” the… Read More Here
Zambia's Mines Minister Updates on Copper Mines Negotiations 5 Mining in Zambia Copper Gold 

Zambia’s Mines Minister Updates on Copper Mines Negotiations

Constance
Zambia’s Minister of Mines, Paul Kabuswe, recently provided an update on the status of negotiations concerning the ownership of Konkola Copper Mines and Mopani Copper Mines. Despite the initial promise of a swift resolution, both parties are still engaged in discussions and have yet to reach a mutually agreeable decision on several key issues. In his statement, Minister Kabuswe assured the public that he will provide periodic updates on the progress of these negotiations until a final resolution is achieved. The government’s priority in these negotiations is to ensure that… Read More Here
Kavango signs option deal to acquire two gold projects in Zimbabwe 6 Gold International 

Kavango signs option deal to acquire two gold projects in Zimbabwe

Constance
Southern Africa focussed metals exploration company Kavango Resources has signed an option agreement to acquire two gold exploration projects in Matabeleland, southern Zimbabwe. Under the option deal with the undisclosed vendors, Kavango has a binding six-month period to exercise the exclusive options at its sole discretion to acquire the Hillside and Leopard projects. Kavango expects the two projects to have the potential to host bulk mineable gold deposits. During the six-month option period, Kavango can undertake an appropriate exploration programme to assess the two projects’ potential. To exercise the option, Kavango will… Read More Here
JEM Makes Groundbreaking Gold Discovery in Mwinilunga, Zambia 7 Gold Exploration Mining in Zambia 

JEM Makes Groundbreaking Gold Discovery in Mwinilunga, Zambia

Constance
JEM, a Zambian emerging mining company, has proudly unveiled a groundbreaking achievement in one of their smaller mineral exploration projects in the rich region of Mwinilunga, North Western Zambia. After meticulous efforts and unwavering dedication, JEM’s team of skilled geologists and experts successfully completed the geological interpretation of the site. The result of their latest Drilling Campaign has been extraordinary – a significant inferred resource of 205,000 ounces of precious gold has been discovered. Moreover, there are promising signs of a valuable Cu & Co body in the vicinity. Despite… Read More Here
The Positive Impact of Responsible Mining 8 Gold Environment Social Governance (ESG) International 

The Positive Impact of Responsible Mining

Constance
Effective and equitable socio-economic development worldwide would not be possible without the transformative contribution of responsible mining, Barrick president and chief executive Mark Bristow said on Tuesday July 25th. Speaking at the group’s third annual Sustainability Update, Bristow said Barrick’s sustainability strategy was geared to the United Nations’ Sustainable Development Goals (SDGs), and in line with its commitment to transparency, its recently published Sustainability Report for 2022 showed how its operations contributed to or impacted on specific SDGs. “We believe mining is the flywheel of development and therefore the entire industry is essential… Read More Here
A Comprehensive Multi-Year Process Extends the Life of Pueblo Viejo Mine to Beyond 2040 9 Gold International 

A Comprehensive Multi-Year Process Extends the Life of Pueblo Viejo Mine to Beyond 2040

Constance
The Barrick operated Pueblo Viejo mine continues to advance the engineering design for the El Naranjo tailings storage facility (TSF) project which will extend its life to 2040 and beyond, president and chief executive Mark Bristow said here today1. The plant expansion and associated new TSF is designed to sustain gold production above 800koz per year (100% basis) going forward1. Speaking at a local media briefing, Bristow said that the comprehensive engineering, environmental and community process, conducted over several years, would enable Pueblo Viejo to double the enormous contribution it… Read More Here
DRC Government withdraws approval from Congo Gold refinery for non-compliance with the law 10 Gold Mining in DRC 

DRC Government withdraws approval from Congo Gold refinery for non-compliance with the law

Copperbelt Katanga News
The Government of the Democratic Republic of Congo (DRC) has withdrawn the approval from Congo Gold, the mining company that was previously authorized to construct the new gold refinery in Bukavu, the capital of the South Kivu province, with its inauguration scheduled for Wednesday, July 26, 2023. The Minister of Mines of the DRC cited non-compliance with certain provisions of the mining code. “Company Congo Gold Refinery did not fulfill its social obligations, notably in the development of the corporate social responsibility charter,” says Antoinette Samba. She adds that a… Read More Here

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