Gold - Copperbelt Katanga Mining

Kibali continues to advance automated mining- DRC

October 8, 2021October 11, 2021 admin

The Kibali gold mine, in the Democratic Republic of Congo, remains on track to achieve its production guidance for the full-year and grow its mineral reserves net of depletion, securing its future as a Tier 1 operation for at least another ten years, Barrick president and CE Mark Bristow has said. Speaking at a tour of the complex for government, community and media representatives, Bristow said the company had continued investment in technological innovation, which was keeping Kibali at the forefront of developments in automated mining. Machine learning has been implemented at… Read More Here

Cobalt Gold Tin Zinc

DRC: cobalt, zinc and tin on the rise this week on the international market (Mercuriales)

October 8, 2021October 8, 2021 admin

Three main export products from the Democratic Republic of Cogo show an upward trend while the others are either falling or stable on the international market in the week from October 4 to 9, 2021, according to forecasts by the National Mercurial Commission of Ministry of Foreign Trade. Cobalt is trading this week at around $ 52,480.00 per tonne versus $ 51,741.00 per tonne last week, a positive price spread of $ 39. Zinc is also up to $ 3,066.00 per tonne this week from $ 3,048.00 per tonne last… Read More Here

Gold Mining in DRC

Gold production in the DRC: Central African Gold buys 60% interest in the Zani-Kodo project for 55 million USD

October 5, 2021October 5, 2021 admin

Central African Gold is a Canadian natural resources company focused on the acquisition, exploration and development of cobalt and copper mining properties in the DRC. Its first major acquisition nonetheless relates to a gold project, a decision which can be justified by the price of the yellow metal for more than a year. The Zani-Kodo gold project in northeastern DRC will change hands. The junior mining company Central African Gold has in fact acquired a majority stake of 60% in this asset from a third party whose identity has not been disclosed. The… Read More Here

Gold International

Gold price shoots higher on US labor data disappointment

September 30, 2021September 30, 2021 admin

Gold prices advanced past the key $1,750 level on Thursday as investors sought haven after a new labor report pointed to an uneven recovery in the US jobs market. Spot gold rose 1.7% to $1,757.38 per ounce by 11:55 a.m. EDT, its highest level in more than a week. US gold futures gained 2.1% to trade at $1,760.30 per ounce in New York. Still, gold is on course for its biggest monthly loss since June, with precious metals pressured by the prospect of a pullback in stimulus measures by the Federal Reserve.… Read More Here

Gold International

Gold price woes continue on rising dollar, yields

September 29, 2021September 29, 2021 admin

Gold extended losses on Tuesday with the US dollar and Treasury yields both staying strong, as investors await the outcomes of a mandated speech given by Federal Reserve chair Jerome Powell to the Congress. Spot gold dropped 0.7% to $1,738.97 per ounce by 11:45 a.m. EDT, after falling by more than 1.0% earlier in the session. Gold futures were also down 0.7%, trading at $1,739.40 per ounce in New York. Meanwhile, benchmark US Treasury yields gained for a fourth consecutive day to hit a more than three-month peak. The dollar… Read More Here

Gold Mining in DRC

DRC: barely 76 kg of gold from artisanal mining traced throughout 2020

September 28, 2021September 28, 2021 admin

During the year 2020, out of a total production of around 29,596.65 kg, only 76.13 kg of gold from artisanal mining were traced by the services of the Ministry of Mines, representing 0 , 25% of the total production of the Democratic Republic of the Congo. The production of gold from artisanal mining has experienced a continuous decline over the past five years in the DRC, dropping from 442.16 kg in 2016 to a volume of 76 kg in 2020, i.e. a drop of 82% in five years. It should… Read More Here

Gold New Mining Projects

African Gold Group Announces Mineral Reserve for its Kobada Gold Project

September 28, 2021September 28, 2021 admin

African Gold Group, Inc. (“AGG” or the “Company”) is pleased to announce an updated Mineral Reserve Estimate for its Kobada Gold Project (the “Project” or “Kobada”). The reserve estimate is an update to the reserve disclosed in the National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) report titled “NI 43-101 Technical Report on Kobada Gold Project in Mali” with an effective date of June 17, 2020 (the “2020 DFS”), and will be the basis for the updated feasibility study (expected to be delivered before mid-October 2021) (the “2021 DFS”).… Read More Here

Cobalt Gold Mining in DRC Tin

DRC: gold, tin and cobalt up on the market this week (Mercuriales)

September 27, 2021 admin

Three of the Democratic Republic of the Congo’s main export mining products show an upward trend during the week from September 27 to October 2, 2021, according to projections by the National Commission of Mercurial Prices of the Ministry of Foreign Trade. Cobalt will trade this week at 51,741 USD per tonne against 50,826 USD per tonne last week, a positive price differential of 913 USD. Likewise, tin is selling this week for around $ 34,925 per tonne against $ 34,113 last week, a price increase of $ 812. As… Read More Here

Gold Mining in DRC

The DRC exported 15,479 kg of gold for a value of 618 million USD in the first half of 2021

September 22, 2021September 22, 2021 admin

The Democratic Republic of Congo exported 15,479.44 Kg of raw gold in the first half of 2021 for a total value of 618 million 992,285.00 USD, according to the Ministry of Mines. Almost all of these exports come from industrial exploitation, that is 15,460.35 kg of gold for a value of 617 million 991,722.00 USD, representing more than 99% of the total exports of the DRC. Only 19.09 kg of export gold came from artisanal mining for a value of barely 1 million USD. Kibali Gold alone produced more than… Read More Here

Cobalt Copper Gold Mining in Zambia New Mining Projects

COPPER, COBALT, SILVER AND GOLD PROCESSING PLANTS COMING TO ZAMBIA

September 21, 2021September 21, 2021 admin

Now Import and Export Zambia Limited, a Private Limited Company with 90 percent South African and 10 percent Zambian Shareholding, plans to initially invest US$ 20 million for setting up Copper, Cobalt, Silver and Gold Processing Plants in Chongwe and Mkushi Districts of Zambia.The investment venture is expected to create 1210 jobs. Ninety percent of the jobs will be for Zambians. Now Import and Export Zambia Limited will conduct its mining activities in three phases. The first phase will focus on trading for one year to create a base with… Read More Here