Gold - Copperbelt Katanga Mining

The price of gold is close to 2000 USD per ounce on the international market 1

The price of gold hit a five-week high on Monday as war in Europe, high inflation and the risk of a recession in the United States further bolstered demand for the safe-haven asset. Spot gold rose 0.7% to $1,988.15 an ounce at noon ET, closing in on the $2,000 level last seen in early March. US gold futures rose 0.8% to trade at $1,991.00 an ounce in New York. After capping a second weekly gain, bullion soared as high as 1% earlier in the day on higher oil and natural gas… Read More Here

World: the 1 kg gold bar climbs to €58,790.00 on the international market

April 15, 2022April 15, 2022 admin

Contrary to the projections of the National Commission for Market Prices of the Ministry of Foreign Trade of the Democratic Republic of Congo (DRC), the price and quotation of gold on the stock exchange on April 13, 2022 stood at EUR 58,790.00 for the 1 kilogram gold bar or 64,160.88 USD on the international market against nearly 56,200.00 euros last week. Gold thus recorded a price increase on the international metals market of around EUR 2,590 during the period mentioned. According to the release of the National Commission of Mercurials,… Read More Here

Exploration Gold International

South Africa sets $900 million annual mineral exploration target

April 13, 2022April 13, 2022 admin

South Africa, home to the world’s biggest deposits of a number of minerals, has set an annual target of attracting $900 million of mining exploration expenditure annually by 2025. The target, equivalent to 5% of the annual spend on exploration globally, is expected to kick start a mining industry, that while among the world’s biggest, has stagnated in recent years. The exploration strategy made public Tuesday by the Department of Minerals and Energy, aims to take advantage of South Africa’s comparatively advanced infrastructure and mining expertise. It also plans to shrug off… Read More Here

Gold

Caledonia sets new production benchmark, suffers fatality in first quarter

April 12, 2022April 12, 2022 admin

Caledonia Mining’s Blanket mine, in Zimbabwe, produced 18 515 oz in the first quarter of this year – a record for any first quarter and up 40% from the 13 197 oz produced in the first quarter of 2021. For the full-year, the miner expects to produce between 73 000 oz and 80 000 oz of gold. CEO Steve Curtis says the 18 515 oz is ahead of Caledonia’s expectations and reflects the increased capacity at Central Shaft. “The ramp-up in production towards our quarterly target of 20 000 oz means that we are… Read More Here

Gold International

Gold price seesaws ahead of Fed meeting minutes release

April 7, 2022April 7, 2022 admin

Gold prices seesawed in a narrow range on Wednesday with concerns over high inflation amid mounting sanctions on Russia buoying prices, though its gains are countered by expectations of an aggressive interest rate hike by the US Federal Reserve. Spot gold lowered by 0.1% to $1,920.87 per ounce by 1:50 p.m. ET. US gold futures were down the same percentage point, trading at $1,925.20 an ounce. “Inflation fears and the inflation data we’ve been seeing is what’s keeping gold up,” said RJO Futures senior market strategist Bob Haberkorn, in a… Read More Here

International Gold

Gold price advances on rising Russia-Ukraine tensions

April 5, 2022April 5, 2022 admin

Gold rose on Monday as the prospect of further sanctions on Russia over its invasion of Ukraine bolstered the metal’s safe-haven appeal, though a stronger dollar and rising US bond yields capped bullion’s gains. Spot gold was up 1.2% to $1,933.33 per ounce by 12:15 p.m. ET, while US gold futures advanced 0.7% to $1,936.90 in New York. Global outrage spread on Monday over the killings of civilians in northern Ukraine and looked set to galvanize the West into leveling additional sanctions against Moscow, which could possibly include Russia’s energy… Read More Here

Gold

West Kenya Project Resource Increases to 1.55 Moz Gold including 221% Increase in Indicated Ounces

March 31, 2022March 31, 2022 admin

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, is pleased to announce an upgraded mineral resource estimate for the West Kenya Project (“West Kenya”) in Kenya to 1.55 Moz gold, including a 221% increase in Indicated Resource to 378 koz gold grading 11.70 g/t. Highlights in 2021: · Total resources at Isulu, Bushiangala, and Ramula deposits increase by 31% to 1.55 Moz; · Resources of 1.12 Moz grading 10.80 g/t at Isulu and Bushiangala, of which 34% have been upgraded to Indicated category up from Nil at the… Read More Here

Gold International

Gold price up on doubts over Ukraine ceasefire

March 31, 2022March 31, 2022 admin

Gold prices rebounded on Wednesday amid doubts over the possibility of a ceasefire between Russia and Ukraine. A retreat in dollar also helped to bolster the precious metal’s appeal. Spot gold rose 0.7% to $1,933.31 per ounce by 12:40 p.m. ET, returning to levels seen earlier in the week. US gold futures gained 1.0% to trade at $1,937.80 per ounce. Meanwhile, the US dollar fell 0.5% to nearly a two-week low, making gold less expensive for other currency holders. “Also helping gold is this Russian situation, which seemed to be… Read More Here

Cobalt Copper Gold Mining in DRC

Market: copper still up at USD 10,247 per tonne, cobalt down at USD 81,619 per tonne

March 30, 2022March 30, 2022 admin

The general trend in commodity prices on the international market is between rise and fall for the main mining export products of the Democratic Republic of Congo, informs the National Mercurial Commission of the Ministry of Foreign Trade. Copper remains up this week at 10,247 USD per tonne against 10,017 USD per tonne last week, a positive price difference of 229.7 USD. Zinc is also up this week at 3,902 USD per tonne against 3,833 USD per tonne last week, giving a positive price difference of 69.2 USD. The other… Read More Here

Gold International

Gold price falls 1% as higher dollar, yields curtail safe haven demand

March 29, 2022March 29, 2022 admin

Gold prices slumped on Monday as both the US dollar and Treasury yields strengthened, sapping demand for the safe haven asset after last week’s gain. Spot gold fell 1.1% to $1,935.48 an ounce by 11:45 a.m. ET, erasing most of its gains from the last two sessions. US gold futures were down 1.0% to $1,935.00 per ounce in New York. Meanwhile, both the dollar index and US bond yields rose, driven by expectations that the US Federal Reserve will lead an aggressive wave of global central bank tightening. The 10-year Treasury… Read More Here