Gold - Copperbelt Katanga Mining

DRC: barely 76 kg of gold from artisanal mining traced throughout 2020 1

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

Gold International

Gold price edges higher as havens rally on growing Evergrande fears

September 21, 2021September 21, 2021 admin

Gold advanced Monday as fears of a spillover from debt woes of Asian real estate developer China Evergrande Group stoked demand for havens, outweighing concerns that the Federal Reserve’s reduction in stimulus could come soon. U.S. equities fell more than 2% as investor angst deepened over China’s real-estate sector and the Fed tapering. The dollar advanced to the highest level in nearly a month while Treasury yields slipped, boosting demand for non-interest bearing bullion. “Gold is actually acting as gold. It’s getting flight-to-safety buying due to concerns how bad we’re actually getting with news… Read More Here

Gold Mining in Zambia

APM to establish gold processing plant in Nairobi

September 16, 2021September 16, 2021 admin

Alinani Precious Metals (APM), a Zambian company, has revealed intentions to establish a Sh1 billion gold processing plant on Nairobi’s Mombasa Road, aimed at artisanal miners. The gold refinery project, which will begin building in early September, will allow miners to derive value from their mineral resources rather than only exporting raw commodities, according to APM Chief Executive Bupe Chipando. “Alinani Precious Metals will have the ability to generate and distil about 300 kilogrammes of gold per day with state-of-the-art equipment and machinery,” Mr Chipando in a statement. Small-scale or… Read More Here

Mining in DRC Gold Mining Companies

DRC: Antoinette N’Samba briefed on significant progress in Barrick Gold’s mining activities

September 15, 2021September 15, 2021 admin

The National Minister of Mines, Antoinette N’Samba Kalambayi, spoke on Tuesday, September 14, 2021, in her office, with three senior executives from the mining company Barrick Gold Corporation. On the menu of their discussions, the report on the significant advances of this mining giant. This delegation was led by its Director of Operations for the Africa and Middle East region, Willem Jacobs. Cyril Mutombo, Country Director of Barrick Gold Corporation in DRC as well as Sebastian Bock, Senior Vice President CFO of Barrick Gold Corporation were part of the delegation.… Read More Here

Mining in Zambia Gold International Mining Companies

Barrick eyes new mines, not deals, for future growth

September 14, 2021September 14, 2021 admin

Barrick Gold Corp (ABX.TO) Chief Executive Mark Bristow spent years burnishing his reputation as an aggressive dealmaker, but he says now he is focused on new mines that he hopes will boost profit and the company’s sagging stock price. The strategy eschews the acquisition appetite that made Barrick what it is today and instead pins the company’s growth on exploration projects in Egypt, Nevada, Guyana and elsewhere. “The very foundation of our future has to be our geologists and where we are investing,” Bristow told Reuters on the sidelines of the MINExpo… Read More Here

Mining in DRC Gold

DRC: Amani Gold seeks USD 7 million to conduct gold exploration at Giro mine

September 14, 2021September 14, 2021 admin1 Comment

Mining company Amani Gold announced on September 10 a two-tranche private placement of 7 billion shares at a price of $ 0.001 to raise $ 7 million. Shareholders as well as new investors took part in the operation, according to Agence Ecofin. This fundraising will serve, according to Amani Gold, not only to replenish the company’s cash flow, but will also finance the development of its Giro gold project. The company is working in particular to complete a feasibility study launched last December for Kebigada. According to an estimate published in March 2020,… Read More Here