Gold - Copperbelt Katanga Mining

Gold rises as dollar tumbles, slowing U.S. growth boosts appeal

October 29, 2021October 29, 2021 admin

Gold prices rose on Thursday, as demand for the safe-haven asset was lifted by a softer dollar and data showing the U.S. economy grew at its slowest pace in more than a year. Spot gold rose 0.3% to $1,801.43 per ounce. U.S. gold futures settled up 0.2% at $1,802.6. “Economic growth slowed in the U.S. and that would support the gold market in the perspective that the Federal Reserve would be less likely to either taper asset purchases at a quicker pace or the outlook for higher interest rates would… Read More Here

Gold International

Gold rises 1% on lower U.S. yields, inflation worries

October 26, 2021October 26, 2021 admin

Gold prices rose about 1% on Monday, as a retreat in U.S. bond yields and persisting worries about inflation lifted the safe-haven asset ahead of major central bank meetings this week. Spot gold gained 0.8% to $1,805.90 per ounce. U.S. gold futures for December delivery settled up 0.6% at $1,806.80 per ounce. “The main reason for this rally is that yields backed off a little bit … but prices are still kind of range bound,” said Daniel Pavilonis, senior market strategist at RJO Futures. “We have a lot going on… Read More Here

Gold International Mining Companies

The world’s top 10 gold mining companies

October 20, 2021October 20, 2021 admin

The world’s top 10 gold mining companies Unlike paper currency or many other types of assets, gold has maintained its value throughout the ages. First used by cultures in modern-day Eastern Europe in 4,000 BC to make decorative objects, the metal today represents a global business with operations on every continent, except Antarctica. The industry is dominated by a select group of majors. Together, the world’s top 10 gold miners produced 27.48 million ounces (Moz) in 2020, worth approximately $48 billion, according to data from mining intelligence. North America leading At a country level, China… Read More Here

Gold International

Gold price up after Fed official downplays chances of imminent rate hikes

October 20, 2021October 20, 2021 admin

Gold prices rose for a second day in a row Wednesdayfollowing commentary from a Federal Reserve official that played down the possibility of imminent interest rate hikes. Spot gold was up 0.7% to $1,783.70 an ounce by 11:50 a.m. EDT, near its weekly high. US gold futures also gained 0.7%, trading at $1,784.10 an ounce in New York. Bullion has fluctuated recently as traders attempt to gauge the pace at which pandemic-era stimulus will be reined in by central banks. Ongoing inflation, driven by the global energy crisis and supply chain constraints,… Read More Here

Cobalt Copper Gold Mining in DRC Tin

DRC: copper, cobalt, gold, zinc, … on the rise this week on the international market

October 19, 2021October 19, 2021 admin

All the main mining products of the Democratic Republic of Congo show an upward trend this week, going from October 18 to 23, 2021, on the international market, inform the projections of the Commission Nationale des Mercuriales of the Ministry of Foreign Trade. Copper is trading this week at $ 9,325.20 per tonne versus $ 9,147 per tonne last week, up $ 178. Likewise, cobalt is up to $ 52,879 per tonne from $ 52,469 per tonne last week, a positive price spread from the Order of $ 410. Zinc… Read More Here

Gold Mining in DRC

Chinese company Beyond Mining & a local cooperative exploiting gold in DRC at the centre of discontent by civil society

October 17, 2021October 17, 2021 arnbethnic

The Chinese company Bayond Mining and the mining cooperative for integral development (COOMIDI), which exploit gold in the Mukera mining site in Fizi territory (South Kivu) are accused by civil society of violating all conventions signed with the local community. The two companies are accused, among other things, of not having compensated the peasants whose fields have been plundered and of not keeping the promise to rehabilitate the roads. It is since last August that the two companies officially started gold mining work in the Mukera mining site in the Mutambala… Read More Here

Gold Copper Mining Companies

Barrick on track to achieve 2021 production targets

October 15, 2021October 15, 2021 admin

Barrick Gold Corporation has reported preliminary Q3 sales of 1.07 Moz of gold and 101 million pounds of copper, as well as preliminary Q3 production of 1.09 Moz of gold and 100 million pounds of copper. It remains on track to achieve 2021 guidance, with both the Africa & Middle East and Latin America & Asia Pacific regions continuing to trend to the higher end of their regional gold guidance and North America at the lower end. As previously guided, Barrick’s Q4 gold production is expected to be the strongest… Read More Here

Gold International

Gold price rallies as bond yields, dollar retreat

October 14, 2021October 14, 2021 admin

Gold advanced nearly 2% on Wednesday on a retreat in the dollar and US Treasury yields, with investors’ focus on minutes from the Federal Reserve’s latest policy meeting for confirmation of its tapering strategy. Spot gold rose 1.9% to $1,794.73 per ounce by noon EDT, near its highest in a month. US gold futures were up 2.0% to $1,795.40 an ounce in New York. Other precious metals followed, with spot silver rising 2.7% to $23.17 per ounce, platinum gaining 1.1% to $1,023.50 and palladium adding 3.2% to $2,116.50. “Gold is… Read More Here

Gold International

Gold steadies as traders weigh elevated inflation, growth risks

October 13, 2021October 13, 2021 admin

Gold steadied as investors weighed concerns over inflation, fueled by a surge in energy and metal prices that threatens to derail the economic recovery. Focus will turn to the U.S. on Wednesday, where consumer price index data are expected to show price pressures remained elevated last month. And while minutes from the Federal Reserve’s September meeting are likely to signal an imminent scaling back of asset purchases, the latest miss on jobs data may complicate the timing of when tapering could start. Meanwhile, Goldman Sachs Group Inc. economists have cut forecasts for U.S. growth this… Read More Here

Gold Mining Companies

BARRICK GOLD CEO BRISTOW BACK IN PNG

October 12, 2021October 12, 2021 admin

Barrick Gold CEO and President Mark Bristow will be in Papua New Guinea from 12th to 15th of October along with senior Barrick Gold executives, as a part of their quarterly review visits to Barrick operated mine sites throughout the world. Dr Bristow is expected to meet with Prime Minister James Marape and senior PNG Government officials during his visit. While the Porgera Mine is presently under care and maintenance, negotiations for the re-commencement of mining at Porgera continue, in line with the terms of the Framework Agreement signed between… Read More Here