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Category: Gold

DRC's Major Economic Gathering on Gold Scheduled for October 24-25, 2023 1 Gold Events & Expos Mining in DRC 

DRC’s Major Economic Gathering on Gold Scheduled for October 24-25, 2023

arnbethnic
The Democratic Republic of the Congo (DRC) is preparing to host the national gold days, known as “Wolo,” from October 24 to 25, 2023. To this end, the organizing committee for this event, led by Prince Nyampala, has had discussions with the Chamber of Mines of the Federation of Congolese Enterprises (FEC), represented by its coordinator, Bernadette Pundu, to refine the strategies for the success of these proceedings. According to the President of the Organizing Committee for this event, the efforts made in the gold sector of the Democratic Republic… Read More Here
Sibanye-Stillwater considers South Africa gold operation restructure 2 Gold International 

Sibanye-Stillwater considers South Africa gold operation restructure

Constance
Precious metals mining company Sibanye-Stillwater is looking to restructure one of its gold operations in South Africa (SA) due to operational constraints and ongoing losses over an extended period. The move is expected to impact about 2,389 employees and 581 contractors at Kloof 4 shaft, which suspended operations on 1 August 2023 due to an incident that damaged infrastructure. Sibanye Stillwater now intends to start talks with organized labor and other affected stakeholders, regarding the possible restructuring. In a press statement, Sibanye Stillwater said: “The initiation of S189 consultations follows… Read More Here
Strategically Driven Barrick to Deliver Sustainably Profitable Growth 3 Gold International 

Strategically Driven Barrick to Deliver Sustainably Profitable Growth

Constance
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) is projecting a 30% increase in production on the back of the growth options embedded in its asset portfolio,1 president and chief executive Mark Bristow told the Gold Forum Americas. Bristow said the clean energy transition is creating an unprecedented demand for metals and minerals but the market’s demand for instant gratification is driving M&A, which is not always conducive to investment in sustainable projects but rather the delivery of short-term returns. These growth projects are vital, not only for the resources needed for cleaner energy but for… Read More Here
Gold Fields Set to Determine Future of Ghana Mine in Next Four Months 4 International Gold 

Gold Fields Set to Determine Future of Ghana Mine in Next Four Months

Constance
Gold Fields will decide whether to keep or dispose of its stake in its smallest gold asset within the next four months, according to interim CEO Martin Preece. The Johannesburg-listed firm is “exploring all the options” for the Asanko gold mine in Ghana, including a total divestiture or a move to boost its ownership, Preece told Bloomberg. The company entered into a joint venture agreement to operate the mine with Vancouver-based Galiano Gold in 2018. It produced 170 342 bullion ounces last year but expects output to drop to 120 000 to 130 000 ounces in 2023 as the asset… Read More Here
B2Gold buys AngloGold’s stake in Colombia project 5 International Gold 

B2Gold buys AngloGold’s stake in Colombia project

Constance
Gold mining major AngloGold Ashanti is exiting the Gramalote project, in Colombia, with joint venture (JV) partner B2Gold buying its 50% interest in the project for up to $60-million. The agreement follows a joint sales process by B2Gold and AngloGold for their combined interests in Gramalote that failed to yield an offer from a third party that was acceptable to either company. The project was put up for sale after an optimized feasibility study did not deliver results that met either company’s investment threshold for development. Gold mining major AngloGold… Read More Here
DRC: Gold Surges to $62.96 per Gram During the Week of September 11-16, 2023 6 Mining in DRC Gold 

DRC: Gold Surges to $62.96 per Gram During the Week of September 11-16, 2023

Constance
The general trend is upwards in the main mining export products of the Democratic Republic of Congo on the international market in this week from September 11 to 16, 2023, according to forecasts by experts from the National Mercuriales Commission of the Ministry of Commerce outside. Gold is showing an upward trend this week and is trading around USD 62.96 per gram against USD 62.19 per gram the previous week, an increase of USD 0.77. Likewise, copper is also this week at 8,419 USD per tonne against 8,377 USD per… Read More Here
Barrick Ceases to be an Insider of Cascadia Minerals 7 International Gold 

Barrick Ceases to be an Insider of Cascadia Minerals

Constance
 Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) (“Barrick”) has announced that following the August 24, 2023 closing of a private placement of units (the “Private Placement”) by Cascadia Minerals Ltd. (“Cascadia”), Barrick’s 2,788,696 common shares of Cascadia represent approximately 7.6% of Cascadia’s outstanding common shares. Barrick did not acquire any securities in the Private Placement and, as a result of the Private Placement, Barrick has ceased to be an insider of Cascadia pursuant to Canadian securities laws. Barrick is holding its Cascadia common shares for investment purposes. Depending on market conditions and… Read More Here
Barrick’s Embedded Growth Projects to Drive Value With 30% Rise in Production 8 Copper Gold International 

Barrick’s Embedded Growth Projects to Drive Value With 30% Rise in Production

Constance
With the potential embedded in its growth project portfolio, Barrick plans to double its copper production by the end of the decade and continue to increase it to an estimated 1 billion pounds or 450,000 tonnes of copper per annum by 2031, says president and chief executive Mark Bristow. Speaking to investors on an update call, Bristow said this substantial growth in copper production combined with the output from Barrick’s sector-leading gold portfolio was expected to increase the group’s attributable production by some 30% to 6.8 million gold-equivalent ounces by… Read More Here
Mongolian Artisanal Miners receive Trained in Health, Safety, and Rescue Operations 9 International Artisanal mining Gold 

Mongolian Artisanal Miners receive Trained in Health, Safety, and Rescue Operations

Constance
In an effort to enhance the well-being and safety of artisanal and small-scale miners (ASM) in Mongolia, the planetGOLD Mongolia project joined forces with the Emergency Management Division (EMD) of Mandal soum, Selenge province, Mongolia, for a comprehensive two-day training program on August 29 and 30, 2023. The training aimed to equip ASM miners with essential knowledge in operational health and safety, ASM sector legislation, risk mitigation, and rescue operations. Day One: Building a Foundation The first day of training saw a multi-faceted approach to equipping miners with the necessary… Read More Here
Will Africa and the DRC Turn the Lithium Rush into a Development Opportunity? 10 Lithium Battery Metals Copper Gold Mining in DRC 

Will Africa and the DRC Turn the Lithium Rush into a Development Opportunity?

Constance
Africa holds 30-75% of the world’s reserves of lithium, phosphate, copper, chrome, manganese, gold, platinum, diamonds, and aluminum. Some of these minerals, such as lithium, are essential for what is known as the energy transition, the shift from an economy based on gas and oil to one based on renewable sources. Zimbabwe possesses the largest lithium reserves in Africa, which are also the fifth-largest in the world. In 2018, Zimbabwe and Namibia were among the top ten global lithium producers. Zimbabwe is expected to meet 20% of the global demand… Read More Here

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