Gold - Copperbelt Katanga Mining

Metals And Mining Industry Pessimistic About Global Growth

January 27, 2023January 27, 2023 Constance

More than half (52%) of CRU clients in the metals and mining industries expect global GDP to grow by no more than 1% in 2023, according to CRU’s annual macroeconomic survey of clients, which polled global clients from the metals and mining industries in December 2022. The outlook is bleaker than CRU’s forecast for global GDP growth in 2023, which sits at 1.6%. Inflation, energy prices and the Russia-Ukraine war continue to shape global markets and remain front of mind heading into 2023. In addition to the stark outlook for… Read More Here

Gold International

Tanzanian Assets Set Record Production And Secure Long-term Value.

January 26, 2023January 26, 2023 Constance

Barrick’s two gold mines in Tanzania, North Mara and Bulyanhulu, boosted their combined output to 547,0001 ounces in 2022, achieving another step towards their potential Tier One2 status in the group’s asset portfolio as a combined complex. At the same time, exploration is continuing to deliver opportunities to grow the mineral reserves net of depletion at both mines. North Mara’s transition to owner-mining is successfully ramping up its ongoing open pit expansion with improved efficiencies and costs, while technological advances in the underground operation are increasing productivity. The restart of mining at… Read More Here

Gold International

Porgera Mine Restart Remains On Hold

January 24, 2023January 24, 2023 Constance

Barrick Gold Corporation Chief Executive Officer Mark Bristow has urged all PNG parties involved in the Porgera Mine Mine reopening negotiations to complete the process by the end of the first quarter. Barrick CEO Mark Bristow recently visited Papua New Guinea as part of his regular visits to the company’s mines. During his trip, he met with government officials and community leaders in Port Moresby and Porgera. He also expressed his disappointment with the ongoing delay in reopening the Porgera mine, which has been closed for nearly three years, and… Read More Here

Gold International

Barrick Reports Stronger Q4 Gold Production

January 23, 2023January 23, 2023 Constance

Barrick Gold Corporation has reported preliminary full year and fourth quarter 2022 production results. On the back of stronger Q4 production, 13% higher than the previous quarter, preliminary gold production for the full year of 4.14 Moz was approximately 1% lower than the 4.2 Moz previously guided, while preliminary copper production of 440 million pounds for 2022 was in line with the guidance range of 420 to 470 million pounds. The preliminary Q4 results show sales of 1.11 Moz of gold and 99 million pounds of copper, as well as… Read More Here

Drilling Gold International

RC drilling At Sanu Gold’s Bantabaye To Start In Q1 2023

January 23, 2023January 23, 2023 Constance

Sanu Gold is preparing for a Phase I 10,000 m RC drill program at its Bantabaye Gold Exploration Permit in Guinea, West Africa. Bantabaye covers a 100 km2 area on the western margin of Guinea’s Siguiri Basin, approximately 50 km southwest of Nordgold Group’s Lefa Gold Mine, one of the largest gold producers in Guinea, and 90 km north of Predictive Discovery’s Bankan Gold Project, a recent multi-million-ounce gold discovery. Martin Pawlitschek, President, and CEO of Sanu Gold, commented: “We are excited to be preparing for the initial drill test of… Read More Here

Mining in Zambia Gold

Zambians Flock To Newly Uncovered Gold Mine In Lumezi District, With a rush of 4,000 people

January 23, 2023January 23, 2023 Constance

The Lumezi Town Council in Eastern Province, Zambia, has expressed concern over the unregulated gold mining activities taking place in the Kabulasisi Local Forest under Chief Kazembe’s jurisdiction. The Public Relations Officer of the Town Council, Irvin Muyumbwa, has stated that the influx of over 4,000 people to the mining site is a matter of public health concern. The Council Secretary, Mary Sinkala, visited the mining site with Public Health Inspectors and Council Police to assess the sanitary and safety conditions. The team found that the temporal toilet facilities and… Read More Here

Gold Mining in DRC

Primera Gold DRC SA Aims To Monopolize Artisanal Gold Production & Export Over 15 Tonnes Annually In the DRC

January 19, 2023January 19, 2023 Constance

Primera Gold DRC SA has apparently met expectations in its first week of operations, as reported by Congolese authorities. Despite only declaring 34 kg in the province of South Kivu in 2022, the company’s performance exceeded the government’s monthly goal of 10 kg per counter. According to the company’s figures, none of the 9 official counters or the additional 10 unregistered counters in South Kivu were able to reach this target, resulting in an export rate of just 1.5 kg per year, or 0.09 kg per month per counter. Based… Read More Here

Gold Mining in DRC

Partnership Between DRC & UAE Aims To Formalize Mineral Exports From Eastern Regions, Previously Controlled By criminal Networks.

January 19, 2023January 19, 2023 Constance

The President of the Republic, Félix Tshisekedi, announced that for the first time in 30 years, the country has exported gold from small-scale production, thanks to a partnership between the DRC and the UAE. The gold was exported through a new state-owned company, Primera Gold RDC SA, which manages the supply chain. The President stated that the government is pleased with this progress, which aims to legally export minerals from Eastern DRC, where illegal activities such as looting and smuggling by criminal networks had previously controlled the mineral trade. The… Read More Here

Mining in Zambia Contracts & tenders Gold Mining Supply Tenders

Invitation for Bids for Sale of 31Kg of Gold | Zambia

January 19, 2023January 19, 2023 arnbethnic

Invitation for Bids (IFB No.: ZGCL/G$/001/2023) Read More Here

Copper Gold International

Barrick Reports Stronger Q4 Gold Production

January 18, 2023January 18, 2023 Constance

Barrick Gold Corporation yesterday 17.01.2023 reported preliminary full year and fourth quarter 2022 production results. On the back of stronger Q4 production, 13% higher than the previous quarter, preliminary gold production for the full year of 4.14 million ounces was approximately 1% lower than the 4.2 million ounces1 previously guided, while preliminary copper production of 440 million pounds for 2022 was in line with the guidance range of 420 to 470 million pounds. The preliminary Q4 results indicate that the company sold 1.11 million ounces of gold and 99 million pounds… Read More Here