Gold - Copperbelt Katanga Mining

Gold Discovery Confirmed in Zambia’s Nakonde District

February 8, 2026February 8, 2026 Constance

Zambia Confirms New Gold Discovery in Nakonde District Following Mpika and Shiwan’andu Finds Nakonde District has become the third area in Zambia to record a newly confirmed mineral discovery, following similar announcements in Mpika and Shiwan’andu districts. The latest find involves the identification of gold-bearing material during ongoing exploration activities in the region. According to available information, the deposit is considered significant enough to merit commercial interest and has been classified as a new gold mine. However, authorities have not disclosed estimates regarding the size of the deposit or the… Read More Here

Tanzania to Monetise Part of Gold Reserves to Fund Infrastructure

January 29, 2026January 29, 2026 Constance

Tanzania Plans Partial Sale of Gold Reserves as Foreign Aid Declines in 2026 Tanzania is planning to sell a portion of its gold reserves to finance priority infrastructure projects, as international development assistance continues to decline. The announcement was made on Monday, January 26, 2026, in London by the Minister of State for Planning and Investment, Kitila Mkumbo, following instructions from President Samia Suluhu Hassan to the Bank of Tanzania. “Governments are no longer willing to provide aid to Africa, so we are reorganising our financing strategy,” the minister said,… Read More Here

International Gold

Mali Detains Yanfolila Mine Executives as Mining Code Enforcement Intensifies

January 28, 2026January 28, 2026 Constance

Mali Detains Five Yanfolila Gold Mine Managers in Toughened Mining Sector Crackdown Mali has detained five senior managers linked to the local operator of the Yanfolila gold mine over alleged breaches of the country’s mining regulations, highlighting the government’s increasingly hardline approach to the extractive sector. According to two sources familiar with the matter, the employees of Société des Mines de Komana (SMK) were detained on Friday for allegedly failing to repatriate foreign currency earned from export revenues, a requirement under Mali’s revised mining code. The information was reported by… Read More Here

International Economy Gold

South African Rand Strengthens Near 16-per-Dollar as Gold Hits Record Highs

January 27, 2026January 27, 2026 Constance

South African Rand Approaches 16 per Dollar Amid Record Gold Prices Ahead of SARB Rate Meeting The South African rand edged closer to the 16-per-dollar mark on Monday, supported by record gold prices, ahead of the South African Reserve Bank’s (SARB) first interest rate meeting of 2026. At 07:03 GMT, the rand traded at 16.0475 against the dollar, up approximately 0.4% from its previous close and near its strongest level since June 2022. The U.S. dollar weakened slightly against a basket of currencies, while gold surged past $5,000 per ounce,… Read More Here

Gold Corporate News Mining in Zambia New Mining Projects

Prospect Resources Uncovers Significant Gold Potential at Nyungu Central Copper Deposit

January 26, 2026January 26, 2026 Constance

Prospect Resources Identifies Major Gold Upside at Nyungu Central in Zambia, Lifting Project Value Prospect Resources has identified significant gold mineralisation at its Nyungu Central copper deposit in Zambia, a development that could materially enhance the value of the Mumbezhi Project and strengthen its appeal to potential buyers, according to new equity research published by Argonaut Securities. The gold discovery follows a re-assaying programme of historical drill samples originally analysed only for copper. The new results reveal widespread gold anomalism within previously defined copper mineralisation at Nyungu Central, suggesting gold… Read More Here

International Corporate News Gold

Newmont’s Veto Power Complicates Barrick’s Plan to Spin Off North American Assets

January 26, 2026January 26, 2026 Constance

Barrick’s North America IPO Plans Depend on Newmont as Nevada JV Terms Shift Power Balance TORONTO – Canadian mining group Barrick’s plans to spin off its North American assets will depend heavily on its joint venture partner Newmont, underscoring a dramatic shift in the balance of power between the two global gold producers, according to documents reviewed by Reuters and accounts from former Barrick executives. Denver-based Newmont’s influence over Barrick’s strategic options marks a reversal from just a few years ago, when Barrick was seeking to buy out Newmont’s minority… Read More Here

International Diamond Exploration Gold New Mining Projects

Botswana Diamonds Secures New Licences to Expand into Copper and Gold Exploration

January 26, 2026January 26, 2026 Constance

Botswana Diamonds Enters Copper and Gold Exploration with 7,000 km² of New Licences in Botswana AIM- and BSE-listed Botswana Diamonds has announced the award of eight prospecting licences covering approximately 7,000 km² in north-western Botswana, marking a potential entry into the copper and gold sectors. The licences, which are valid until December 31, 2028, were selected following an extensive AI-driven assessment of the company’s Botswana-focused exploration database, which spans about 95,000 km². The analysis incorporated a large body of geophysical survey data and identified strong prospectivity for copper, with additional… Read More Here

International Gold Mergers & Acquisitions

Zijin Gold to Acquire Allied Gold in C$5.5 Billion All-Cash Deal

January 26, 2026January 26, 2026 Constance

Zijin Gold Agrees to Buy Allied Gold for C$5.5 Billion in Friendly All-Cash Takeover TSX- and NYSE-listed Allied Gold has agreed to be acquired by Hong Kong–listed Zijin Gold in a friendly, all-cash transaction valued at approximately C$5.5 billion. Under the terms of a definitive arrangement agreement announced on Monday, Zijin Gold will acquire all of Allied Gold’s issued and outstanding shares for C$44 per share in cash. The offer represents a premium of about 27% to Allied Gold’s 30-day volume-weighted average share price on the Toronto Stock Exchange as… Read More Here

Mining in Zambia Copper Corporate News Gold News in Brief Technology & Innovation

Barrick Selects Metso Flotation Technology for Lumwana Expansion

January 23, 2026January 27, 2026 Constance

Barrick Chooses Metso’s Concorde Cell Flotation Technology for Lumwana Copper Expansion in Zambia Global gold and copper producer Barrick Mining Corporation has selected Metso’s Concorde Cell flotation technology for its Lumwana copper mine expansion project in Zambia. The Concorde Cell flotation cells will be deployed alongside Metso’s TankCell technology, which Barrick had previously chosen for the project. The combined solution is expected to optimise the processing flowsheet and enhance overall metallurgical performance. Metso said its high-intensity Concorde Cell technology is specifically designed to treat complex orebodies, delivering improved efficiency and… Read More Here

Gold Corporate News International Mining Personality

Mali Appoints Former Barrick Executive to New Ministerial Role Overseeing Gold Mining Sector

January 22, 2026January 22, 2026 Constance

Mali Creates New Ministerial Role to Tighten Presidential Control of Mining Sector Mali’s military-led government has created a new ministerial-level position to oversee the country’s mining sector, significantly strengthening presidential control over the gold industry, the nation’s most important source of revenue. A former Barrick Mining executive has been appointed to the role. Legal documents outlining the new position show that the minister will have authority to oversee the implementation of mining policy, monitor compliance with the mining code, and review reports submitted by mining licence holders—responsibilities that were previously… Read More Here