Gold - Copperbelt Katanga Mining

Primera Gold Exported 354 kilos of Artisanal Gold in 51 days

March 13, 2023March 13, 2023 Constance

Primera Gold exported, in fifty-one (51) days, a total volume of 354 kg of gold from artisanal mining in the Democratic Republic of Congo (DRC). These figures were provided by the Congolese Minister of Finance, Nicolas Kazadi, via his Twitter account on Friday March 10, 2023. Minister Nicolas Kazadi did not specify details on where this quantity of artisanal gold was purchased. In February 2023, Nicolas Kazadi had already announced that 207 kilograms of gold from artisanal mining were exported, mainly from the provinces of South Kivu and Ituri. Since… Read More Here

International Artisanal mining Coal Gold

Over 2,000 Artisanal Mining sites exist in Mozambique

March 10, 2023March 10, 2023 Constance

Over 2,160 artisanal mining sites have been identified in Mozambique as part of the Artisanal Mining Census. The results have been published by the Ministry of Mineral Resources and Energy, in coordination with the National Statistics Institute (INE). According to Thursday’s issue of the Maputo daily “Notícias”, the data show that, of the total sites, 1,577 are active with 31 per cent dedicated to gold mining. In 2021. artisanal mining involved 806,957 people, corresponding to 2.6 per cent of the country’s population. Three-quarters of the miners have this activity as… Read More Here

Gold International

Gold price Regains Ground as US dollar rally cools

March 9, 2023March 9, 2023 Constance

Gold prices regained some ground on Wednesday 8th Mar as the dollar’s rally cooled, but any further advance is likely to be capped with Federal Reserve Chair Jerome Powell signaling more rate hikes. Spot gold rebounded 0.3% to $1,820.31 per ounce by noon ET, after shedding nearly 2% in the previous session. US gold futures ticked 0.1% higher to trade at $1,822.90 per ounce in New York. Meanwhile, the US dollar eased from multi-month highs, making bullion cheaper for overseas buyers. “Gold can rally a lot more on any dovish data than… Read More Here

International Gold

Gold price falls as Powell Testimony lifts Dollar

March 8, 2023March 8, 2023 Constance

Gold erased all of last week’s gains on Tuesday 28th Feb as the dollar jumped after Federal Reserve Chair Jerome Powell indicated rate hikes could come at a faster pace in his testimony to a congressional committee. Spot gold fell 1.6% to $1,818.96 per ounce by 12:30 p.m. ET, its lowest in a week. US gold futures were down 1.5% in New York to $1,827.10 per ounce. The Fed will likely need to raise interest rates more than expected in response to recent strong data and is prepared to move in larger… Read More Here

Gold Mining in DRC

Gold Climbs this week to 58.89 USD per Gram

March 6, 2023March 6, 2023 Constance

The general trend of mining products exported from the Democratic Republic of Congo (DRC) is downward for the period from March 6 to 11, 2023 on the international market. According to the projections of the experts of the National Commission of Mercuriales of the Ministry of Foreign Trade, gold and tantalum are the two Congolese products which should register a price increase this week. During this period, gold is expected to trade at $58.89 per gram versus $56.16 per gram last week, a positive price difference of around $2.73. For… Read More Here

Gold International

The Price of Gold Climbs to 1846 USD per Ounce

March 5, 2023March 5, 2023 Constance

Gold prices rebounded again on Friday 3rd March and are heading for their first weekly rise in five as a decline in the US dollar and Treasury yields eased fears of further rate hikes from the Federal Reserve. Spot gold rose 0.6% to $1,846.66 an ounce by midday, its highest level in two weeks. US gold futures rose 0.7% to $1,853.70 an ounce in New York. Until a new catalyst is found, such as next week’s jobs or consumer price data, gold is likely to remain in a range between $1,830… Read More Here

Mining in Zambia Gold

ZNS Officers Dismissed for Engaging in Illegal Mining at Kasenseli Gold Mine

February 28, 2023February 28, 2023 Constance

Three Zambia National Service (ZNS) officers who were assigned to guard Kasenseli gold mine in Mwinilunga, North-Western Province, have been dismissed from their duties after being found engaged in illegal mining activities. ZNS Commander Maliti Solochi emphasized that any officer found to be involved in illegal gold mining activities at Kasenseli will be dismissed from the service, without any exceptions. Solochi stated that the gold in Mwinilunga is a national resource and it is the responsibility of ZNS to ensure its protection. He added that the ZNS is committed to… Read More Here

Gold Mining in DRC

Primera Gold Exported 207 kilos of artisanal gold in 45 Days

February 24, 2023February 24, 2023 Constance

The Primera Gold company captured, in forty-five days, a total volume of 207 kg of gold from artisanal mining in the province of South Kivu. For the Congolese Minister of Finance, Nicolas Kazadi, this result constitutes a record in view of the data of previous years, i.e. 23 kg in 2021; 34 Kg in 2022; and 207K in 2023. Primera Gold, a joint venture between the United Arab Emirates (55%) and the Democratic Republic of Congo (45%), exported, in early January 2023, its first batch of 28 kg of gold from artisanal… Read More Here

Gold International

Barrick eyes Nevada Gold Mines as Newmont ramps up deal pressure

February 17, 2023February 17, 2023 Constance

Canada’s Barrick Gold Corp would be open to taking over Newmont’s stake in its Nevada Gold Mines joint venture, CEO Mark Bristow said on Wednesday, after Newmont’s $16.9 billion bid for Newcrest ramped up pressure on gold miners to do deals. Bristow though distanced himself from rival Newmont’s M&A push on Wednesday and highlighted Barrick’s plan to grow through exploration rather than acquisitions. Shares of Barrick Gold were trading 4% down at the Toronto Stock Exchange. “We can’t see much strategic benefit in just getting big for bigness sake, and we don’t… Read More Here

Gold International

Barrick Maintains Industry Lead With Increased Reserves and Resources Driving Growth

February 17, 2023February 17, 2023 Constance

Barrick’s strategy of investing in organic growth through exploration and mineral resource management more than replaced gold reserves for the second straight year and significantly increased copper resources year on year, providing further support for both the company’s 10-year production forecast and its growth profile. Announcing Barrick’s results for the 2022 year and Q4, president and chief executive Mark Bristow said the company had always believed that discovering ounces was better than buying them at a premium in a sector where reserves and resources were diminishing. “Our continued success in… Read More Here