Gold - Copperbelt Katanga Mining

DRC to Build Gold Reserves to Strengthen Currency and Support Economic Stability 1

DRC Launches Gold Reserve Strategy as Prices Soar Past $4,000 an Ounce to Bolster the Franc The Democratic Republic of Congo (DRC) plans to begin building official gold reserves as part of a broader strategy to strengthen the Congolese franc and support economic resilience, according to Central Bank Governor André Wameso. The move comes amid record-high global gold prices, which surged past $4,000 an ounce this week, marking an increase of more than 50% year-to-date. The rise has been largely driven by heightened central bank purchases worldwide as countries seek… Read More Here

International Corporate News Gold

Epiroc Secures $12 Million Order from Asante Gold for Chirano Mine in Ghana

October 13, 2025October 13, 2025 Constance

Epiroc Wins Major $12 Million Mining Equipment Contract from Asante Gold for Chirano Mine in Ghana Mining and infrastructure productivity partner Epiroc has secured a significant order for advanced mining equipment and digital solutions from Asante Gold Corporation, a Canadian mining company operating the Chirano gold mine in southwestern Ghana. The order, valued at approximately SEK 115 million (US$12 million), includes a fleet of underground mining trucks, loaders, face drilling rigs, and production drilling rigs designed to enhance productivity and safety at Chirano — a combined open-pit and underground operation.… Read More Here

Mining in DRC Gold Governance

DRC Shuts Down Illegal Chinese Gold Mine in Watsa

October 10, 2025October 10, 2025 Constance

Minister Watum Kabamba Leads Crackdown on Illegal Gold Mine in Watsa Watsa, Haut-Uélé Province — In a decisive move to restore order and legality to the mining sector, Democratic Republic of Congo (DRC) Minister of Mines Louis Watum Kabamba led a forceful operation in Watsa territory that resulted in the shutdown of a large-scale illegal gold mining operation run by Chinese nationals. The action marks a major milestone in the government’s campaign against mining predation and lawlessness. A High-Profile Raid in Gatanga Under the blazing sun and clouds of dust… Read More Here

International Corporate News Gold

Japan Gold and Barrick Mining End Strategic Alliance After Five Years of Exploration

September 29, 2025September 29, 2025 Constance

Japan Gold Ends Partnership with Barrick Mining After C$23 Million Investment and Plans New Exploration Strategy The strategic alliance between Japan Gold (TSXV: JG) and Barrick Mining (TSX: ABX, NYSE: GOLD) will officially end on October 31, 2025, after more than five years of collaboration and C$23 million (US$17 million) in exploration spending. Announced by Vancouver-based Japan Gold, the decision to terminate the partnership was mutual. Established in February 2020, the alliance aimed to explore, develop, and mine mineral properties in Japan with the potential to host Tier 1 or… Read More Here

Mining in DRC Economy Gold

DRC Targets Gold Market Expansion Amid Record Prices and New Investment Plans

September 29, 2025September 29, 2025 Constance

Democratic Republic of Congo Seeks to Expand Gold Mining as Prices Surge Above $3,700/oz Known primarily for its vast copper and cobalt reserves, the Democratic Republic of Congo (DRC) is now seeking to strengthen its position in the global gold market. Currently dominated by the Kibali mine, which accounts for nearly 90% of the country’s gold production, Kinshasa is exploring the possibility of opening new industrial gold mines. This announcement was made by Mines Minister Louis Watum in an interview with Bloomberg on September 25, 2025. The timing coincides with… Read More Here

Gold International

Mali’s Gold Output Plummets Amid Dispute with Barrick Gold and Policy Shifts

September 29, 2025September 29, 2025 Constance

Mali Gold Production Falls 32% in 2025 Due to Barrick Gold Dispute and Regulatory Changes Mali, one of Africa’s largest gold producers, has experienced a sharp decline in gold production following significant policy changes and ongoing disputes with foreign mining companies. A recent Mines Ministry report revealed that industrial gold output in the junta-led West African nation fell by 32% year-on-year, amounting to a loss of 26.2 tons of gold by the end of August 2025. An unnamed ministry official told Reuters that production was 22.5% below the government’s projection… Read More Here

International Corporate News Gold Mining Personality

Barrick Announces Leadership Transition

September 29, 2025September 29, 2025 Constance

Mark Hill Appointed Group COO and Interim President & CEO Search Underway to Identify Successor President & CEO TORONTO – Barrick Mining Corporation (NYSE:B)(TSX:ABX) (“Barrick” or the “Company”) today announced that the Company’s Board of Directors (the “Board”) has appointed Mark Hill as Group COO and Interim President and Chief Executive Officer, effective immediately, following the departure of Mark Bristow. Mark Hill, who is currently responsible for Barrick’s Latam and Asia Pacific regions, is a seasoned mining executive with 30 years of experience. He joined Barrick in 2006 and has… Read More Here

International Gold News in Brief

Galiano Gold Halts Esaase Deposit Operations After Fatal Clashes in Ghana

September 21, 2025September 21, 2025 Constance

Galiano Gold Suspends Esaase Operations Following Community Clashes in Ghana Galiano Gold, listed on the TSX and NYSE American, has temporarily suspended operations at the Esaase deposit of its Asanko gold mine in Ghana following violent clashes between community members and military personnel on September 9. The company explained that the military presence at the mine was part of a state-mandated security intervention coordinated through the Ghana Chamber of Mines. Tensions escalated between the community and security forces, resulting in civil unrest, the tragic death of one individual, and damage… Read More Here

International Corporate News Gold

Barrick’s Fourmile Project Poised to Become Century’s Largest Gold Discovery

September 17, 2025September 17, 2025 Constance

Barrick Mining’s Nevada Fourmile Project Could Rank Among World’s Top 10 Gold Producers Barrick Mining has positioned its Nevada Fourmile project as one of the most important gold discoveries in decades, with new studies indicating it could become a global top-tier producer and reshape the industry’s cost curve. On Tuesday, the Toronto-based miner released an updated preliminary economic assessment (PEA), highlighting Fourmile’s rare combination of grade, scale, and longevity. The report confirmed the project’s potential to qualify as a Tier 1 mine — reserved for large, low-cost, long-life operations. “Fourmile… Read More Here

International Corporate News Gold

Barrick Sells Hemlo Mine to Carcetti Capital in $1.09 Billion Deal

September 11, 2025September 11, 2025 Constance

Barrick Mining Exits Canadian Gold Production with $1.09B Sale of Hemlo Mine to Carcetti Capital Barrick Mining has agreed to sell its Hemlo gold mine in Ontario, its last producing gold operation in Canada, to Carcetti Capital for up to $1.09 billion. Following the transaction, the buyer will be renamed Hemlo Mining Corp (HMC). The deal, announced Wednesday, marks the latest step in Barrick’s multi-year strategy to divest noncore assets and sharpen its focus on large, long-life gold and copper operations. Deal Structure Under the terms, Barrick will receive: $875… Read More Here