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Category: International

Barrick Faces $1.04B Charge After Mali Seizes Loulo-Gounkoto Mine 1 Gold Corporate News International 

Barrick Faces $1.04B Charge After Mali Seizes Loulo-Gounkoto Mine

Constance
Barrick Gold Posts $1.04B Loss on Mali Mine Seizure Despite Strong Gold Price Rally Barrick Mining Corp. shares fell in pre-market trading Monday after the Canadian miner reported a $1.04 billion net charge linked to the seizure of its Loulo-Gounkoto gold complex by Mali’s military-led government. The charge reflects the “deconsolidation” of the mine following a change of control, according to Barrick’s second-quarter earnings report. The loss was partly offset by a $745 million gain from selling its 50% stake in the Donlin Gold project in Alaska. Tensions in Mali… Read More Here
Barrick CEO Downplays U.S. Tariff Impact, Denies Reko Diq Mediation 2 Corporate News Gold International 

Barrick CEO Downplays U.S. Tariff Impact, Denies Reko Diq Mediation

Constance
Barrick Gold CEO Says U.S. Tariffs Would Have Minimal Impact, Denies Mediating Saudi-Pakistan Reko Diq Talks Barrick Gold CEO Mark Bristow said on Monday that the World Gold Council is awaiting clarity from the United States on potential tariffs for gold bars. He emphasized, however, that any such tariffs would have minimal impact on mining companies, as they operate as “price takers” in the market. Speaking to Reuters, Bristow also clarified that Barrick is not acting as an intermediary between Saudi Arabia and Pakistan in relation to the Reko Diq… Read More Here
Namibia Advances Bid to Join Nuclear Suppliers Group Amid Growing Nuclear Ambitions 3 International Energy 

Namibia Advances Bid to Join Nuclear Suppliers Group Amid Growing Nuclear Ambitions

Constance
Namibia Pursues Nuclear Suppliers Group Membership to Boost Uranium Sector and Nuclear Energy Plans Namibia has officially endorsed its application to join the Nuclear Suppliers Group (NSG), the global body that governs the export of nuclear technology and materials to prevent their use in weapons. The Ministry of International Relations and Trade will lead the application process and establish an inter-ministerial committee to ensure Namibia meets all NSG compliance requirements, the cabinet announced in a statement. As part of the efforts, a Namibian delegation will engage with the International Atomic… Read More Here
Glencore Reports $5.4 Billion Half-Year EBITDA Amid Lower Coal Prices and Copper Output 4 Corporate News International 

Glencore Reports $5.4 Billion Half-Year EBITDA Amid Lower Coal Prices and Copper Output

Constance
Glencore Half-Year Report 2025 — CEO Review and Financial Highlights Glencore’s Chief Executive Officer, Gary Nagle, announced that the company has made significant progress in optimising operations and positioning for long-term, value-accretive growth during the first half of 2025. A comprehensive review of Glencore’s industrial portfolio identified opportunities to streamline the operating structure, optimise departmental management and reporting, and enhance technical expertise. As part of this review, Glencore expects approximately $1 billion in recurring cost savings (against a 2024 baseline) to be fully delivered by the end of 2026, with… Read More Here
Copper Tariff Exemption Reveals the U.S. Balancing Act Between Industry Protection and Energy Costs 5 International Copper Economy 

Copper Tariff Exemption Reveals the U.S. Balancing Act Between Industry Protection and Energy Costs

Constance
Why the U.S. Exempted Refined Copper from Tariffs While Slapping 50% Duties on Aluminum In a move that surprised global markets, the United States last week announced it would exempt refined copper metal from new import duties—while maintaining steep tariffs on semi-finished copper products such as wire, tube, and sheet. The decision sent Comex copper prices down more than 20% since the announcement last Wednesday. The contrast between this exemption and the earlier imposition of 50% tariffs on aluminum imports highlights the crucial role of energy costs and industry lobbying… Read More Here
Barrick Gold Enhances Transparency with Tailings Disclosure Aligned to Global Standards 6 Uncategorized Corporate News Gold International 

Barrick Gold Enhances Transparency with Tailings Disclosure Aligned to Global Standards

Constance
Barrick Gold Reports Full Tailings Storage Disclosure in Line with Global Industry Standard on Tailings Management Barrick Gold Corporation, listed on the NYSE and TSX, has released detailed disclosures of its tailings storage facilities (TSFs) in line with the Global Industry Standard on Tailings Management (GISTM), reaffirming its commitment to safety, transparency, and environmental responsibility. The disclosures provide site-level data for all relevant TSFs that Barrick owns, operates, or has in the design phase. This initiative underscores the company’s active role in developing the GISTM and its alignment with best… Read More Here
South Africa Hit with 30% U.S. Export Tariffs After Failed Trade Agreement 7 Economy International 

South Africa Hit with 30% U.S. Export Tariffs After Failed Trade Agreement

Constance
U.S. Slaps 30% Tariff on South African Exports Amid Collapsed Trade Talks South Africa is set to face a 30% tariff on its exports to the United States starting next week, following the failure to secure a new trade agreement before a deadline imposed by former U.S. President Donald Trump. The tariffs, formalized in an executive order signed on Thursday, apply to dozens of countries, with rates ranging between 10% and 41%. They will take effect within seven days as part of Trump’s broader effort to reshape global trade terms… Read More Here
One Dead, Five Missing After Earthquake Triggers Collapse at Chile’s El Teniente Copper Mine 8 International Copper Mining safety 

One Dead, Five Missing After Earthquake Triggers Collapse at Chile’s El Teniente Copper Mine

Constance
El Teniente Mine Collapse: One Dead, Five Missing After 4.2-Magnitude Earthquake Hits Codelco Site One worker has died and five remain missing following a structural collapse at the Andesita project within Codelco’s El Teniente copper mine, after a 4.2-magnitude earthquake struck central Chile on Thursday evening. The mine, located 75 km southeast of Santiago, is the world’s largest underground copper operation. State-owned copper giant Codelco confirmed the death of Paulo Marín Tapia and reported that nine other workers sustained injuries, though none were life-threatening. Rescue efforts have been hampered due… Read More Here
Global Gold Market at a Crossroads as Investor Demand Surges 9 Gold Economy International 

Global Gold Market at a Crossroads as Investor Demand Surges

Constance
Gold Demand in 2025 Surges from Investors While Central Banks and Jewelry Sector Pull Back The global gold market is undergoing a major transformation. In the first half of 2025, global demand reached 2,400 tonnes, according to the latest report released by the World Gold Council (WGC) on July 31, 2025. While gold continues to attract attention, the drivers of demand are shifting sharply—investor appetite is growing, while central banks and the jewelry sector are losing momentum. Historically one of the main sources of gold demand, central banks are now… Read More Here
Botswana Aims for Majority Stake in De Beers as Anglo American Prepares Exit 10 Corporate News Diamond International 

Botswana Aims for Majority Stake in De Beers as Anglo American Prepares Exit

Constance
Botswana Seeks Majority Control of De Beers Amid Anglo American’s Exit Strategy The Government of Botswana has signaled its intention to acquire a controlling stake in diamond giant De Beers, according to Mining.com, citing a report from the Financial Times. This move adds a new layer of complexity to Anglo American’s ongoing efforts to divest its ownership of the iconic diamond producer. Currently, Botswana holds a 15% stake in De Beers and owns 50% of Debswana, a joint venture with the company that handles a significant portion of De Beers’… Read More Here

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