Gold - Copperbelt Katanga Mining

Barrick secures Kibali’s +10-year plan

February 1, 2023February 1, 2023 Constance

Barrick Gold Corporation – Africa’s largest gold mine, Kibali, is again on track to replace its reserves beyond the ounces depleted by mining in the previous year, while new growth opportunities will also support its +10-year business plan and its status as one of Barrick’s Tier One assets. Barrick president and chief executive Mark Bristow says that Kibali’s prolific KCD orebody was continuing to deliver additional value with current drilling focused on converting resources into reserves and exploring the lodes which are still open down plunge. In addition, the Mengu… Read More Here

DRC Kibali Gold Mine Paid USD 1.2 Billion in Various Taxes and Royalties in 2022

January 31, 2023January 31, 2023 Constance

2022 has been a very positive year with strong quarter-on-quarter results for Kibali Gold Mine, one of the largest gold mines in Africa. During this year, the investment of Kibali Gold Mine in the Democratic Republic of Congo (DRC) exceeded the bar of 4.4 billion USD. And 1.2 billion USD was paid for various taxes and fees. This was announced by Mark Bristow, Chairman and CEO of Barrick Gold, during the 47th press conference held on Monday, January 30, 2023, in Kinshasa. According to him, nearly 2.4 billion USD was used to… Read More Here

Gold International

Barrick’s Loulo-Gounkoto Complex Continues to Deliver Value

January 31, 2023January 31, 2023 Constance

Seventeen years after it went into production, Barrick’s Loulo-Gounkoto mining complex in Mali continues to demonstrate its value as a key socio-economic partner to the country. In 2022 it maintained its historically consistent performance by meeting its production guidance and solidified its long-term outlook and is expected to replace its mined ounces for the fourth successive year. The initial development of a third underground mine at Gounkoto was commissioned and is on track to start ore production from stopping in the second quarter of this year. Key geological structures within… Read More Here

Mining in DRC Gold

Reserve Replacement and New Opportunities Secure Kibali’s +10-Year Plan

January 30, 2023January 30, 2023 Copperbelt Katanga News

Kibali is a highly cost-efficient operation with its three world-class hydropower stations supplying much of its energy requirements. KINSHASA, DEMOCRATIC REPUBLIC OF CONGO – Africa’s largest gold mine, Kibali, is again on track to replace its reserves beyond the ounces depleted by mining in the previous year, while new growth opportunities will also support its +10-year business plan and its status as one of Barrick’s Tier One1 assets. Barrick president and chief executive Mark Bristow told media here today that Kibali’s prolific KCD orebody was continuing to deliver additional value with current drilling… Read More Here

Gold Battery Metals Coal International

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