Gold - Copperbelt Katanga Mining

Asante reports ‘significant interest’ in $100m raise for Bibiani

February 18, 2022February 18, 2022 admin

Exploration and development company Asante Gold has received “significant investor interest” in a private placement of common shares to raise up to $100-million at C$1.75 a share. Emiral Resources, which currently holds 19.6% of the company’s outstanding common shares, has indicated that it intends to participate in the offering at a level sufficient to maintain its current percentage shareholding. Funds will be used for working capital, including the payment of the second $30-million payment to Resolute Mining for the Bibiani mine acquisition, initial mine development costs at the Bibiani mine,… Read More Here

Gold International

Gold price highest since June as concerns over Ukraine continue

February 17, 2022February 17, 2022 admin

Gold prices rose on Wednesday as concerns over the Russia-Ukraine situation lingered on, and as markets looked forward to minutes from the Federal Reserve’s last policy meeting. Spot gold saw a 0.6% gain to $1,865.72 per ounce by noon ET, its highest since June 2021. US gold futures were also up 0.6%, trading at $1,866.60 an ounce in New York. “Gold is attracting a wide range of investors that are looking for protection as they are realizing that there’s not going to be a quick resolution to this (Russian-Ukraine) situation,”… Read More Here

Mining in DRC Cobalt Copper Gold

Market: copper at 9,825 USD per tonne, cobalt at 74,970 USD per tonne

February 16, 2022February 16, 2022 admin

On the market for the main mining export products of the DRC, for the week from February 14 to 19, 2022, the price trend is mainly upward and stable, according to projections by experts from the National Mercurial Commission. of the Ministry of Foreign Trade. Copper is trading this week at 9.825 USD per ton against 9.764 USD per ton last week, a positive price difference of 614 USD. The other mineral that is up this week is tin. It is sold this week on the international market at 43,377 USD… Read More Here

Gold International

Gold eases from 3-month highs, palladium investors wary of Ukraine conflict.

February 14, 2022February 14, 2022 admin

Gold prices fell on Monday, as the U.S. dollar gained, with worries around the Russia-Ukraine conflict limiting losses of the safe-haven metal and keeping palladium traders on tenterhooks. Spot gold was down 0.2% to $1,855.86 per ounce by 1030 GMT. On Friday, prices jumped the most since mid-October and hit their highest level since Nov. 19 at $1,865.15. U.S. gold futures rose 0.6% to $1,853.70. “Gold had a classic safe haven jump on Friday… (but) the problem with safe haven spikes is that they never really last for that long,”… Read More Here

Gold International

Gold heads for weekly gains as stocks drop before US data jobs

February 4, 2022February 4, 2022 admin

Gold headed for a weekly advance as US equities fell after Meta Platforms suffered a historic share-price rout, while investors awaited a key jobs report for more clues on the Federal Reserve’s monetary policy path. The Facebook parent plunged 26% Thursday on the back of woeful earnings results, erasing about $251-billion in market value in the biggest one-day wipeout for any US company. Concerns over tightening monetary policy also contributed to the worst slide for American technology shares since 2020. January’s employment report due Friday is expected to be weak… Read More Here

Copper Gold International Nickel Zinc

Glencore’s output falls amid COVID Challenges

February 3, 2022February 3, 2022 admin

Switzerland-based mining company Glencore saw the production of most of its minerals fall year-on-year (YoY) in 2021 as the COVID-19 pandemic continued to affect operations. The company saw falls in copper, zinc, lead, nickel, gold and silver production. The most significant drop was in lead, which declined by 14% YoY to 222,000 tonnes, followed by gold, which fell by 12% YoY to 809,000 tonnes. However, the miner did see an increase in ferrochrome production output, which jumped by 43% to 1.46 million tonnes, and coal-coking, which rose by 20% to 9,100 tonnes. Despite… Read More Here

Gold International

Gold back above $1 800-mark on firmer investment demand

February 1, 2022February 1, 2022 admin

Gold prices firmed above the key $1 800-level on Tuesday as investment demand strengthened, with a weak US dollar and Treasury yields offering further support. Spot gold rose 0.6% to $1 806.32 per ounce by 10:38 GMT. US gold futures climbed 0.6% to $1 807.40. A weaker dollar is helping gold along with “good uptake yesterday on the ETF side that took us through the magic $1 800 level,” independent analyst Ross Norman said. Holdings of the world’s largest gold-backed exchange-traded fund, SPDR Gold Trust, rose to the highest levels since mid-August on… Read More Here

Gold International

World: 2021 ended with rising gold demand (WGC)

February 1, 2022February 1, 2022 admin

Global demand for gold for the whole of 2021 has seen an increase, reaching 4,021 tons, according to the World Gold Council (WGC) report published on January 28, 2022. In this report, it is specified that demand has recovered a large part of the losses linked to the health crisis in 2020. World Gold Council notes, in the same report, the drop in gold consumption levels around the world in the first half of 2021 and the chain, the following three months, also with a drop. The report states that… Read More Here

Gold

Africa: With a new acquisition of a 15% stake in Orca Gold, Perseus Mining expands its gold footprint in the continent

February 1, 2022February 1, 2022 admin

Perseus Mining, a mining company that owns several gold mines in Côte d’Ivoire and Ghana, announced on Monday, January 31, 2022, the signing of an agreement with Resolute Mining to acquire its 15% interest in the company. Canadian company Orca Gold, active in Sudan on the Block 14 gold project and owning shares in the Koné gold project, in Côte d’Ivoire. According to a press release posted on its website, Perseus Mining announces that the amount of the transaction is estimated at 17.5 million Canadian dollars (13.7 million USD). In… Read More Here

Gold International

Gold set for worst month since September on Fed rate-hike prospects

January 31, 2022January 31, 2022 admin

Gold prices fell on Monday and were set for the biggest monthly drop since last September, as markets anticipated higher rate hikes by the U.S. Federal Reserve on the back of key economic data, while a stronger dollar put further pressure on bullion. Spot gold was down 0.2% at $1,787.70 per ounce, as of 0658 GMT, taking its monthly drop to more than 2%. U.S. gold futures were up 0.1% at $1,789.20. “It’s just that continuation of the real rates moving higher again and that’s producing a more negative backdrop… Read More Here