Gold - Copperbelt Katanga Mining

Barrick Pursues New Discoveries Amid Loulo-Gounkoto Success

October 9, 2023October 9, 2023 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

Mining in DRC Gold

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

October 6, 2023October 6, 2023 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

International Gold Mining Personality

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

October 4, 2023October 4, 2023 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

International Gold

Barrick Gold Partners with PRISMA for Enhanced Tanzanian Site Training

October 4, 2023October 4, 2023 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

Mining in Zambia Copper Gold Partnership

Barrick Bolsters Zambia Partnership with Lumwana Mine Expansion Investment

October 4, 2023October 4, 2023 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

International Gold Partnership

Barrick Acknowledges Twiga Partnership’s Mining Impact

September 29, 2023September 29, 2023 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

International Gold

Barrick Welcomes Nevada Governor Joe Lombardo and His Delegation to Canada

September 28, 2023September 28, 2023 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

International Gold

Barrick Provides Context on Media Report Regarding Security at North Mara

September 26, 2023September 26, 2023 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

Mining in DRC Artisanal mining Gold

Primera Gold Exported 475,348 kg of Artisanal Gold in September 2023

September 26, 2023September 26, 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

Mining technology Battery Metals Cobalt Copper Diamond Environment Social Governance (ESG) Equipment & Technology Gold International

4IR Technologies to Boost Competitiveness of Africa’s Mining Industry

September 26, 2023September 26, 2023 Constance

In addition to serving as an important aspect of the global energy transition, critical mineral resources represent a crucial source of revenue for many African nations. As a result, the continent is well-positioned to leverage and embrace Fourth Industrial Revolution (4IR) technologies – including artificial intelligence (AI), automation, data analytics and predictive modeling – to optimize production processes, enhance decision-making and render its mining sector more competitive globally. Set to define the future of mining, real-time data analytics provide additional insights into underlying mining systems and enable short interval control… Read More Here