Gold - Copperbelt Katanga Mining

Uganda Gold Plant to Commence Operations in 2024

August 7, 2023August 7, 2023 Constance

Uganda’s Wagagai Gold Mine and Refinery will commence production in March 2024. The large-scale gold mining and refining facility is being developed by Wagagai Mining Limited and planned and designed by gold mining institution Shandong Gold Design Institute of China. Announced during a site visit at the facility, Wagagai Mining Limited’s General Manager, Tan Jiuchang, indicated that the firm will set up all aspects of the mining value chain, which will include mining, beneficiation, smelting, refining, logistics and foreign trade sales. “Our target is to get this facility ready for… Read More Here

Barrick Gold Faces Tough Quest in Seeking a Partner

August 6, 2023August 6, 2023 Constance

Barrick Gold Corporation (NYSE: GOLD) is a major gold and copper producer worldwide, but its efforts to increase its copper production through acquisitions have been unsuccessful. First Attempt: Barrick Gold’s Merger with Freeport-McMoRan A potential merger between Barrick Gold and Freeport-McMoRan made sense due to both companies producing gold and copper, with Freeport-McMoRan being predominantly a copper producer. Barrick’s CEO, Mark Bristow, expressed a desire to grow the company’s copper segment, but the merger could not be achieved. Second Unsuccessful Attempt: Acquisition of Canadian Miner First Quantum Minerals Barrick Gold’s… Read More Here

Gold International

Barrick Readies Porgera for Restart

August 6, 2023August 6, 2023 Constance

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) is aiming to restart operations at the Porgera gold mine later this year, president and chief executive Mark Bristow says. This follows the Security Forum and the opening of the Development Forum on July 20, a precondition for the granting of a special mining lease, by the Minister of Mining, the Hon Sir Ano Pala, at an event attended by the Prime Minister, the Hon James Marape, the Governor of Enga Province, Sir Peter Ipatas and several thousand Porgerans. At the same event, the Mining Minister… Read More Here

International Gold

Barrick Publishes GISTM TSF Disclosures

August 6, 2023August 6, 2023 Constance

Barrick, as a member of the International Council on Mining and Metals (ICMM), has fulfilled its commitment to provide disclosure under the Global Industry Standard on Tailings Management (GISTM) for all of its tailings storage facilities that are classified as ‘Very High’ or ‘Extreme’ consequence under the GISTM by August 2023. Barrick has also committed to provide disclosure for the remainder of its operated facilities by August 2025, also in accordance with the GISTM. Providing access to detailed information about our tailings facilities under the GISTM is in keeping with… Read More Here

Mining in DRC Gold

Four Companies Call on DRC Head of State to Restore Legality on SAKIMA-Primera Gold Contract

August 6, 2023August 6, 2023 Constance

Four partner companies of SAKIMA are making an urgent appeal to the President of the Democratic Republic of Congo, expressing their concern over what they describe as “enormous litigation” resulting from the recently reached agreement with Primera Gold. They are appealing for the President’s intervention to address and contain the situation. Below is their joint statement. DECLARATION OF MINING COMPANIES PARTNERS OF SAKIMA SA IN THE PROVINCES OF NORTH-KIVU, SOUTH-KIVU AND MANIEMA The public company SAKIMA SA (Société Aurifère du Kivu et du Maniema) and the private company under Emirati… Read More Here

Mining in Zambia Gold

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

August 4, 2023August 4, 2023 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

Gold International

Barrick Targets 2028 for First Production from Reko Diq

August 3, 2023August 3, 2023 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

Gold International

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

August 3, 2023August 3, 2023 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

International Gold Mine Safety

Sibanye suspends Kloof shaft operations after infrastructure damage

August 2, 2023August 4, 2023 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

Mining in Zambia Copper Gold

Zambia’s Mines Minister Updates on Copper Mines Negotiations

August 2, 2023August 2, 2023 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