You are here

Category: Gold

Partners aim to improve Africa's gold traceability 1 Gold 

Partners aim to improve Africa’s gold traceability

admin
Agreement between Minexx and NGO covers community development initiatives. Traceability platform specialists Minexx has agreed on a memorandum of understanding (MoU) with Solidaridad, an international civil society organisation, to improve the gold supply chain in Africa. The companies said that the MoU would cover projects related to traceability and how to link it to community development on future joint initiatives. Specifically, it would increase transparency in artisanal and small-scale mining (ASM), which the companies said is linked to “money laundering and criminality.” They explained it is “extremely important” to combine transparency… Read More Here
Gold and climate change 2 Gold 

Gold and climate change

admin
The World Gold Council and its members recognise that climate change imposes very substantial risks to the global economy and socio-economic development. Policy makers, industry stakeholders, asset owners, investors, and wider society are now eager for a greater understanding of these risks and their potential consequences, and how they might be mitigated or managed in future. To contribute to a clearer, more consistent appreciation of how climate-related risks (and opportunities) might impact the future prospects of the gold industry, we have undertaken a programme of research, in collaboration with leading… Read More Here
Gold price rally stalls as China data shows growth stabilizing 3 Gold International 

Gold price rally stalls as China data shows growth stabilizing

admin
Gold steadied as investors mulled what’s next for inflation and monetary policy, while scrutinizing better-than-expected economic data from China. Bullion finished last week at its highest since June as accelerating price pressures rocked bond markets and fueled demand for the traditional haven. Treasuries are steadier on Monday as investors await public appearances by Federal Reserve officials and other central bankers in coming days. In China, a flurry of figures on everything from industrial output to retail sales showed the country’s economy stabilizing as spending improved and power supply picked up.… Read More Here
Cyrille Mutombo: "the demolition of anarchic constructions within Kibali carried out in accordance with the standards" 4 Mining in DRC Gold 

Cyrille Mutombo: “the demolition of anarchic constructions within Kibali carried out in accordance with the standards”

admin
Contrary to what some call illegal and brutal, the anarchic building demolition in the Kibali no-go zone took place in the nomes. These are the words of the Country Director of Kibali Gold Mines who was the guest, this Friday, November 5, 2021, on Top Congo FM. He thus wanted to dispel any misunderstanding and enlighten public opinion on what really took place during this whole process which dates back several years. According to Cyrille Mutombo, all the people concerned by this demolition, before being dislodged, have been informed for more… Read More Here
Gold pauses after six-day rally as yields regain upper hand 5 Gold International 

Gold pauses after six-day rally as yields regain upper hand

admin
Gold slipped on Friday as some investors locked in profits from a six-session long streak of gains, and an uptick in US bond yields cooled safe-haven inflows into bullion driven by inflation worries. Spot gold fell 0.7% to $1 849.36 per ounce by 11:57 GMT, after hitting a five-month peak on Wednesday. US gold futures dropped 0.7% to $1 851.00. “Gold prices had gained due to a combination of factors. But if yields do continue to rise, the metal is probably not going to go much higher,” said Michael Hewson, chief market analyst at CMC Markets UK,… Read More Here
Gold nears 5-month peak as inflation worries boost appeal 6 Gold International 

Gold nears 5-month peak as inflation worries boost appeal

admin
Gold prices neared a five-month high touched in the previous session, after strong U.S. consumer price data prompted a rush into the precious metal seen as a hedge against inflation. Spot gold was up 0.6% at $1,861.39 per ounce. U.S. gold futures for December delivery settled 0.8% higher at $1,863.90 per ounce. “The market is spooked with yesterday’s CPI data coming in as high as it was. Traders are looking at gold as being a safety asset, as a hedge against this inflation risk,” said Bob Haberkorn, senior market strategist… Read More Here
Asante Gold to start producing at Bibiani in 2022 7 Gold New Mining Projects 

Asante Gold to start producing at Bibiani in 2022

admin
Canada’s Asante Gold (TSX-V: ASE), a pure gold exploration and development company, has updated its timeline to restart its past-producing Bibiani gold mine in Ghana. The Vancouver-based miner, which completed the acquisition of Bibiani from Australia’s Resolute Mining (ASX, LON: RSG) mid-August, expects to begin production at the asset in the third quarter of 2022. Mining contractor tenders had been invited and mobilization is anticipated for early next year, Asante said. More than 200 people were on site last month and the company said the process plant refurbishment was slightly ahead of schedule and on budget. Asante aims to produce about… Read More Here
The creation of a gold refinery and a gold bank by a Turkish firm on cards in the DRC 9 Mining in DRC Gold 

The creation of a gold refinery and a gold bank by a Turkish firm on cards in the DRC

arnbethnic
The creation of a gold refinery and a gold bank on the agenda of the exchanges between the Minister of Mines, Antoinette N’SAMBA KALAMBAYI and the officials of the Turkish company Niziplioglu This Monday, November 8, 2021, a delegation of the Turkish company Niziplioğlu Kıymetli Madenler San. ve Dış Tic. A.Ş, accompanied by the Minister of Foreign Trade Jean Lucien Mbusa, came to present to Minister N’Samba Kalambayi his project to create a refinery and a gold bank in the DRC. Led by Mr. Murat Niziplioglu, President of boad directors, this family mining… Read More Here
Barrick posts lower third-quarter earnings 10 Gold International 

Barrick posts lower third-quarter earnings

admin
Canadian gold major Barrick on Thursday reported lower third-quarter adjusted earnings of $419-million – an 18% drop on its second quarter performance and 42% below that of a year earlier. Adjusted net earnings fell to $0.24 a share, from $0.29 a share in the second quarter and $0.41 a share in the third quarter of 2020. Barrick’s results have been weighed down by a retreat in the price of gold, which touched record levels last year amid concerns over Covid-19. The miner reported a realised gold price of $1 771/oz in… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.