Gold - Copperbelt Katanga Mining

Barrick Steers Porgera Gold Mine Back Towards World-Class Production

March 31, 2023March 31, 2023 Constance

The government of Papua New Guinea, Barrick Niugini Limited and New Porgera Limited yesterday 3oth March signed an agreement to progress with the resumption of operations at the Porgera gold mine, which have been suspended since 2020.1 Porgera hosts an orebody with measured and indicated resources of 10 million ounces2 and inferred resources of 3.4 million ounces.2 After initial ramp up and optimisation of the Wangima pit, the mine is forecast to produce an average of 700,000 ounces per year, achieving a milestone towards its potential Tier One3 status. The New Porgera Progress… Read More Here

Gold Mining in DRC

Pioneering Kibali Plans Further Partner-Based Development

March 26, 2023March 26, 2023 Constance

Since Kibali went into production 10 years ago it has not only grown into Africa’s largest gold mine, it has also opened a new mining frontier in the DRC and stimulated the development of a thriving regional economy in the country’s North-East province, says Mark Bristow, Barrick president and chief executive. Speaking at a media visit to Kibali yesterday 26th March, Bristow said the mutually beneficial partnership between the company and its local stakeholders, notably the government, contractors, service providers, employees and the community, had demonstrated that it was possible… Read More Here

Mining in DRC Artisanal mining Gold

Primera Gold boosts exports of Gold from Artisanal Mining in DRC

March 23, 2023March 23, 2023 Constance

It was the Economic Situation Committee (CCE) that made this observation during its weekly meeting on Wednesday March 22 around the Prime Minister, Jean-Michel Sama Lukonde Kyenge. According to the Minister of State in charge of the Budget, Aimé Boji Sangara, the Economic Committee noted with satisfaction that since the entry into activity of Primera Gold in January 2023, there has been an improvement in the export of gold from the artisanal sector. Primera Gold achieved 77% export of artisanal gold. “So the export of gold from the artisanal sector in… Read More Here

International Gold

China discovers huge Gold Deposit worth $3 billion

March 20, 2023March 20, 2023 Constance

China has recently discovered a huge gold deposit with a reserve of nearly 50 tonnes, which can be sold for around $3 billion at the current market price. The deposit is located in rural Rushan City in eastern China’s Shandong Province, according to the province’s mineral resource authority. “The deposit covers a large area,” said the Shandong Provincial Bureau of Geology and Mineral Resources. “The ores are easy to mine and dress.” Shandong Province is rich in gold resources, with a larger production than any other provincial area across China… Read More Here

Energy Gold International

B2Gold’s Sustainability Director stresses Responsibility to tackle Climate impacts

March 15, 2023March 22, 2023 Constance

For organizations to continue to thrive against the backdrop of climate change, they are charged with reducing their environmental footprint while ensuring operations can withstand the impact of a changing climate. This imperative inspired senior gold producer B2Gold Corp. to embark on an ambitious decarbonization pathway. “At B2Gold, we recognize that climate change is one of the most critical challenges of our time, not just for our business but for society,” says Ken Jones, director of sustainability. “We have a responsibility to do our part and manage our potential impacts as… Read More Here

International Gold

Burkina Faso’s Govrt Authorizes Sana Gold to Exploit Gold at the Zongo project.

March 15, 2023March 15, 2023 Constance

The deteriorating security situation in Burkina Faso is impacting the performance of the local mining sector, which heavily relies on gold mining. However, several regions of the country are still unaffected. In Burkina Faso, Sana Gold SARL has obtained a semi-mechanized mining license for the gold deposit at the Zongo project. This was announced by the government after the Council of Ministers meeting held on Friday, March 10th. The Zongo project is located in the Center-East region, precisely within the commune of Soudougui. It hosts a mineral resource of 117,122.6… Read More Here

Gold Artisanal mining Mining in DRC

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