Gold - Copperbelt Katanga Mining

DRC: cobalt almost at 70,000 USD per ton on the international market

January 19, 2022January 19, 2022 admin

While the general trend is downward for the main export minerals of the Democratic Republic of Congo, cobalt continues to improve on the international market, according to projections by experts from the National Mercurial Commission of the Ministry of Foreign Trade, which is piloting Jean-Lucien Bussa. Cobalt is trending up this week and is trading at $69,921.00 from $69,688.00 this week, a positive gap of $233. The other mineral on the rise is tin. This ore is trading this week at 40,615 USD against 39,630 USD last week, a positive price… Read More Here

Gold

Caledonia’s Blanket mine exceeds full-year production guidance

January 18, 2022January 18, 2022 admin

Gold miner Caledonia Mining achieved record production of 67 476 oz of gold from the Blanket mine, in Zimbabwe, during 2021, exceeding its revised increased guidance. Output was also 17% higher year-on-year. For the quarter ended December 31, 2021, production was 18 604 oz – a 24% increase on the 15 012 oz produced in the corresponding period of the prior year. Gold production for 2022 is expected to be between 73 000 oz and 80 000 oz. Caledonia has achieved more than 2.4-million fatality-free shifts since 2018. “This has been an… Read More Here

Gold International

Gold steady as investors weigh policy outlook, omicron concerns

January 17, 2022January 17, 2022 admin

Gold was steady as investors weighed the outlook for tighter monetary policy and the threat of the omicron virus variant to the global economic recovery. Billionaire investor Bill Ackman said the Federal Reserve is losing its battle against inflation and should raise its key interest rate by a bigger-than-expected 50 basis points in March to “restore its credibility.” Facing pressure from Congress and the public to tackle the hottest inflation since the 1980s, a chorus of officials this month floated raising rates in March and the potential need to hike as many… Read More Here

Gold International

Barrick Gold estimates set the price of an ounce of gold above 1700 USD in 2022

January 17, 2022January 17, 2022 admin

According to Mark Bristow, Gold should trade between 1750 US dollars and just over 1800 USD per ounce in 2022. A declaration made in Riyadh, on the sidelines of the first major mining conference in Saudi Arabia. The boss of Barrick Gold believes that the risks of falling gold prices in 2022 are lower. “I don’t think there’s a lot of downside risk,” he explained. Meanwhile, other analysts see gold falling considerably this year, in particular because of the increase in the key rate of the American Federal Reserve, which would… Read More Here

Copper Gold Mining in DRC Zinc

DRC: copper, zinc, gold and silver on the rise in the market during this week from January 10 to 15, 2022

January 12, 2022January 12, 2022 admin

The main export minerals from the Democratic Republic of the Congo are on the rise on the international market during this week from January 10 to 15, 2022, according to projections by experts from the National Mercurial Commission, a department of the Ministry of Foreign Trade. . Copper is trading this week at $ 9,706.40 per tonne versus $ 9,600.50 last week, a positive price spread of $ 105.9. Zinc is also up to $ 3,624.40 per tonne from $ 351.65 last week, showing a positive price differential of $… Read More Here

Gold International

Gold gains as dollar, yields ease; traders focus on U.S. inflation data

January 11, 2022January 11, 2022 admin

Gold prices rose on Tuesday, supported by a weaker U.S. dollar and Treasury yields, as traders awaited December inflation data and weighed bets for quicker interest rate hikes by the Federal Reserve. Spot gold rose 0.4% to $1,809.22 per ounce by 0723 GMT. U.S. gold futures were up 0.6% to $1,808.80. “Pullback in both the U.S. dollar and 10-year treasury yields are supporting gold prices, but the fact that markets are still seeing three to four interest rate hikes this year is limiting the upside potential,” said Margaret Yang, a… Read More Here

Gold

Mining contractor for Bibiani gold mine announced

January 11, 2022January 11, 2022 admin

CSE-listed Asante Gold Corporation has appointed PW Mining (Ghana) to conduct mining activities at its Bibiani Mine. Open pit mining operations will start in February, to include development of satellite pits and provide feed material to the Process Plant from Q2 2022. Main pit development, to its planned ultimate +350 metres depth in 2029, includes a 4-stage cut back programme. Total material movement will be up to 75 Mtpa. PW Mining will mobilise up to 125 units of heavy equipment, including drills, excavators, haulage trucks, bulldozers, and ancillary equipment. Site establishment includes… Read More Here

Gold International

Gold price slides to 1-week low on hawkish Fed signal

January 7, 2022January 7, 2022 admin

Gold prices slid to a one-week low on Thursday, pressured by a rallying dollar and bond yields after the US Federal Reserve signalled quicker increases to interest rates. Spot gold declined 1.1% to $1,789.20 an ounce by 12:10 p.m. EDT, its lowest since Dec. 29. US gold futures on the Comex were down nearly 2.0%, trading at $1,789.00 an ounce. The Fed minutes released on Wednesday showed officials had discussed shrinking the central bank’s overall asset holdings, as well as raising rates sooner than expected to fight inflation. As a result, the… Read More Here

Gold

Osino acquires Namibia gold project from B2Gold for $15.2m

January 7, 2022January 7, 2022 admin

Gold exploration and development company Osino Resources has entered into an agreement to acquire the Ondundu gold exploration property, in Namibia, from TSX-listed B2Gold for $15.2-million. The Ondundu gold project is located 250 km northwest of Windhoek. “We believe this is a highly accretive transaction for Osino, as it provides significant additional scale, diversification and consolidation of Osino’s Namibian projects. “We plan to build on the excellent exploration and resource development work B2Gold completed over the past six years and to quickly advance the project to compliant resource stage,” says Osino president and CEO Heye Daun. “Based on the project’s historical exploration and analysis, we believe the project has the type of mineralisation with potential… Read More Here

Gold Mining in Zambia

Continued suspension of Kasenseli gold mine puts central bank’s gold reserve build-up in jeopardy

December 9, 2021January 5, 2022 admin

The new Mines Minister Paul Kabuswe’s continued suspension of the Kasenseli gold mine operating license, and thus mining activities, from late October 2021 put the central bank’s gold reserve build-up target for 2021 in jeopardy. Since the gold-buying program began in January this year, the Bank of Zambia (BoZ) has spent approximately US$37 million on refined gold from First Quantum’s Kansanshi mine. Kasenseli Gold Mine’s operations in Mwinilunga, North-Western Province, were halted after a Ministerial directive from the Minister of Mines and Minerals Development to do so to address concerns… Read More Here