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Category: Gold

Kavango signs option deal to acquire two gold projects in Zimbabwe 1 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 2 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 3 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 4 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 5 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
Egypt agrees framework for mining terms with Barrick Gold and Centamin 6 Gold International 

Egypt agrees framework for mining terms with Barrick Gold and Centamin

Constance
Egypt’s petroleum ministry said on Thursday July 20th that it had reached an agreement with mining firms Barrick Gold Corp and Centamin Plc on the commercial, fiscal and legal terms for exploitation of gold and associated minerals in a number of concession blocks they had been awarded. Centamin said in a separate statement that under the Model of Minerals Exploitation Agreement (MMEA) framework, exploitation licences would be issued for a 30-year stabilized fiscal and legal regime. The MMEA does not apply to the 160km2 Sukari gold mine mining concession, which… Read More Here
Equity Holding Showcases Congo's Mining Potential in Kenya-DRC Roadshow 7 Mining in DRC Cobalt Copper Events & Expos Gold 

Equity Holding Showcases Congo’s Mining Potential in Kenya-DRC Roadshow

Constance
As part of the Kenya-DRC Roadshow, the Equity Holding Group organized an investment promotion mission for the Democratic Republic of Congo, mobilizing all investors from several corners of the planet: United States, Dubai, United Kingdom and others. During a business lunch, the mining potential of the DRC was presented, this Wednesday, July 19, 2023, at the Hôtel du Fleuve in Kinshasa. According to the CEO of EquityBCDC, Célestin Mukeba, two mining giants have presented their success stories to encourage and encourage other investors to follow in their footsteps. “Generally, the… Read More Here
Kibali Implements New Ten-Year Plan Amidst Rising Gold Production 8 Mining in DRC Gold 

Kibali Implements New Ten-Year Plan Amidst Rising Gold Production

Constance
Kibali, Africa’s largest gold mine, significantly increased production in the last quarter, in line with its growth plan, and is on track to meet its annual targets.  Also, the results of exploration operations show sufficient reserves to ensure the replacement of those depleted by this year’s operations. At a media briefing on Wednesday, July 5, at the Memling Hotel in Kinshasa, Barrick Chairman and CEO Mark Bristow stated that the mine, with a 10-year lifespan, is fully executing its business plan for the next decade. He confirmed that it continues… Read More Here
Barrick Receives Shares of Cascadia Minerals Pursuant to Previously Announces Spinout 9 International Gold 

Barrick Receives Shares of Cascadia Minerals Pursuant to Previously Announces Spinout

Constance
Barrick Gold Corporation announced that on July 12, 2023 it received 2,788,696 common shares of Cascadia Minerals Ltd. (“Cascadia”) as partial consideration for the acquisition by Hecla Mining Company (“Hecla”) of all of the common shares of ATAC Resources Ltd. (“ATAC”) pursuant to the previously announced plan of arrangement among Hecla, Alexco Resource Corp. and ATAC (the “ATAC Arrangement”). The Cascadia common shares owned by Barrick represent approximately 10.1% of Cascadia’s issued and outstanding common shares. Prior to completion of the ATAC Arrangement and the spin-out of Cascadia pursuant to… Read More Here
Zambia's Mines Minister Provides Updates on Mopani, KCM and Several Mining Positions 10 Mining in Zambia Artisanal mining Copper Gold Rare Earth Minerals 

Zambia’s Mines Minister Provides Updates on Mopani, KCM and Several Mining Positions

Constance
In a recent press briefing, Zambia’s Mines Minister, Paul Kabuswe, provided updates on several important issues related to the country’s mining sector. The briefing aimed to inform the nation about the progress and plans of the Ministry of Mines and Mineral Development. The minister discussed topics such as the status of Mopani Copper Mine (Mopani) and Konkola Copper Mines (KCM), the suspension of the exploration license for Kasenseli Gold Mine (KGM), the discovery of Sugilite in Luapula Province, the formalization of artisanal and small-scale mining (ASM), the establishment of the… Read More Here

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