You are here

Category: Gold

DRC MP Alfred Maisha Raises Concerns Over Primera Gold Deal 1 Mining in DRC Cobalt Gold Mining Policy 

DRC MP Alfred Maisha Raises Concerns Over Primera Gold Deal

Constance
The exorbitant advantages granted by the Democratic Republic of Congo’s government to “Primera,” a United Arab Emirates mining company, continue to stir reactions within the Congolese socio-political sphere nearly a year after the agreement’s signing. In response, National Deputy Alfred Maisha has submitted a written inquiry to the National Assembly, addressing three government members: Adèle Kayinda, Minister of State for the Portfolio; Antoinette N’Samba, Minister of Mines; and Nicolas Kazadi, Minister of Finance. Maisha, representing Bukavu, finds the advantages and monopoly granted to Primera unacceptable, as they undermine Congolese companies’… Read More Here
Thor Explorations reports good interim revenue, earnings performance 2 International Gold Mining revenue 

Thor Explorations reports good interim revenue, earnings performance

Constance
Gold miner Thor Explorations saw good developments across its Segilola gold mine, in Nigeria, and its mineral exploration properties located in Nigeria, Senegal and Burkina Faso for the three and six months to June 30, president and CEO Segun Lawson says. “Operations are performing well, with the processing plant still operating above nameplate design. The company posted strong revenues for half one of $81-million, with earnings before interest, taxes, depreciation and amortisation (Ebitda) of $35.1-million and a net profit of $12-million for the same period,” he points out. Gold production for the period totalled 23 078 oz. All main… Read More Here
Perseus Mining posts 6.0% increase in African gold reserves 3 Gold International 

Perseus Mining posts 6.0% increase in African gold reserves

Constance
Perseus Mining Ltd. , an Australian company with a focus on Africa, has released an update on estimated mineral resources and ore reserves at its operations. The company currently operates three gold mines in Africa. They include the Edikan in Ghana, as well as the Sissingue and Yaoure mines in Cote d’Ivoire. It also owns the Meyas Sand Gold Project in Sudan, where employees were recently withdrawn following an outbreak of armed conflict. In a recent presentation, the company said 2023 financial year production was 535,281 ounces at an all-in-sustaining… Read More Here
DRC: Fatal Landslide Claims Lives in Gold Mining Pit in South Kivu 4 Mining in DRC Gold Mining safety Safety & Health 

DRC: Fatal Landslide Claims Lives in Gold Mining Pit in South Kivu

Constance
Three people have lost their lives and two others have been severely injured in a landslide that occurred on Sunday, August 20th, in a gold mining pit in Kibe, Mwenga territory in South Kivu province. According to a civil society representative, the injured individuals have been transported to a hospital. “The victims were caught by a landslide while they were working in a gold mine pit. Alerted, the youth from Kibe came to the rescue and managed to save two severely injured people who were taken to the Kibe health… Read More Here
Zambia Govt Urges Mining Firms to Comply with New Environmental Regulations 5 Mining in Zambia Gold Mining safety Safety & Health 

Zambia Govt Urges Mining Firms to Comply with New Environmental Regulations

Constance
Zambia’s commitment to a greener future and environmental protection is now more apparent than ever, as the government urges mining companies to acquaint themselves with the forthcoming Environmental Protection Act. This proactive step is aimed at preventing any potential conflicts with the law once the act is implemented. Addressing the importance of the amended act, Collins Nzovu, the Minister of Green Economy and Environment, emphasized that the revised legislation holds significant repercussions for those found disregarding its provisions. Nzovu highlighted that while the government is enthusiastic about welcoming investments into… Read More Here
Anglogold Ashanti shareholders approve South Africa exit 6 International Gold 

Anglogold Ashanti shareholders approve South Africa exit

Constance
Anglogold Ashanti shareholders on Friday voted in favour of the miner’s plans to switch its primary listing from Johannesburg to New York, the company announced, clearing the way for its exit from South Africa. More than 98% of Anglogold shareholders approved the switch, exceeding the required majority of at least 75% at a virtual meeting held on Friday, the company said in a statement. The proposed reorganization also includes the relocation of Anglogold’s headquarters to London from Johannesburg. AngloGold, the forerunner of which was founded by industrialist Ernest Oppenheimer a… Read More Here
Sibanye-Stillwater's Earnings Dip Due to PGMs Price Drop and Reduced US Output 7 International Gold 

Sibanye-Stillwater’s Earnings Dip Due to PGMs Price Drop and Reduced US Output

Constance
South Africa-based platinum group metals (PGMs) and gold miner Sibanye-Stillwater expects its headline earnings for the first six months of the year to fall by up to 53%, compared with the same period last year. The company, which is the world’s biggest primary producer of platinum, the second biggest primary producer of palladium and the third largest producer of gold, expects its headline earnings a share to be between 198c and 218c, compared with 423c in the first half of 2022. This represents a decline of 48% to 53%. Earnings… Read More Here
Gold prices near five-week lows in Angola 8 Gold International 

Gold prices near five-week lows in Angola

Constance
The price of gold was close to its lowest point in over five weeks yesterday, August 17th as confirmed by precious metals market traders. The metal is being negatively affected by the strengthening of the dollar and the yields of US Treasury bonds, at a time when the minutes of the July meeting of the Federal Reserve (Fed) are expected to be released. These minutes could provide clarity on the intention to raise interest rates. Spot gold experienced minimal fluctuations, reaching its lowest level since July 7th. US gold futures… Read More Here
The Deepest Gold Mine in the World Is 2x Deeper than the Grand Canyon 9 Gold International 

The Deepest Gold Mine in the World Is 2x Deeper than the Grand Canyon

Constance
Imagine descending 2.5 miles into the earth just to get your hands on a precious metal. The descent takes an hour and is done in stages. The tunnel walls are so dangerously hot that ice is pumped down from above to keep the temperature at safe levels. This is the Mponeng Gold Mine in  South Africa, the deepest gold mine in the world. How Deep is the Deepest Gold Mine in the World? Owned by Harmony Gold Mining, the Mponeng mine extends 2.5 miles (4 km) beneath the surface. That distance… Read More Here
Barrick chief slams ‘myopic’ western funds for focusing on quick returns 10 Gold International 

Barrick chief slams ‘myopic’ western funds for focusing on quick returns

Constance
Barrick Gold chief executive Mark Bristow has slammed western fund managers for their short-sighted focus on making quick returns. He urged them to follow the example of some sovereign wealth funds that are showing interest in investing in risky mining projects in the world’s dangerous regions. He used Saudi Arabia’s Public Investment Fund (PIF) as an example of an investor considering projects that may not deliver short-term returns but would help production of vital metals for the clean energy transition. “The western world has become extremely myopic, driven by instant… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.