International - Copperbelt Katanga Mining

Barrick Gold Changes Name to Barrick Mining Corporation and Updates NYSE Ticker to B

May 9, 2025May 9, 2025 Constance

NYSE- and TSX-listed Barrick Gold Corporation has officially changed its name to Barrick Mining Corporation (or Société minière Barrick in French) following shareholder approval at its annual and special meeting held on May 6. The company’s common shares will begin trading under the new name on both exchanges effective May 9. On the New York Stock Exchange (NYSE), the ticker symbol will change from GOLD to B starting that day. On the Toronto Stock Exchange (TSX), shares will continue to trade under the ABX symbol. In addition to the name… Read More Here

International Corporate News Gold New Mining Projects

Barrick’s $10-Billion Reko Diq Project Gathers Momentum Ahead of 2028 Production Target

May 9, 2025May 9, 2025 Constance

Barrick Mining CEO Mark Bristow says momentum is building at the company’s Reko Diq copper-gold project in Pakistan, with construction progressing steadily, exploration yielding promising results, and production slated to begin by the end of 2028. “This is a world-class copper-gold project that will generate immense value—not just for Barrick, but also for our partners in Pakistan, especially in Balochistan,” Bristow said on Wednesday. “It’s one of the largest undeveloped porphyry copper-gold systems globally, and its potential is not yet reflected in our share price.” The project will be developed… Read More Here

International Corporate News Gold

Barrick Faces Prolonged Mali Dispute as Gold Seizure and Employee Arrests Weigh on Operations

May 9, 2025May 9, 2025 Constance

Barrick Mining is spending $15 million a month to maintain its Mali operations amid an ongoing dispute with the country’s government over taxes and a controversial gold seizure, CEO Mark Bristow said on Wednesday. In an interview, Bristow revealed that the Malian government has reneged on three separate agreements to resolve a tax disagreement and criticized the detention of four Barrick employees as a violation of human rights. “You have four executives from a Western company incarcerated—this can only be described as human rights abuse,” Bristow said. “These individuals have… Read More Here

Corporate News International New Mining Projects Press Release

Metso Wins Order for Energy-Efficient Equipment at Nyanzaga Gold Project in Tanzania

May 9, 2025May 9, 2025 Constance

Perseus Mining Limited’s 80% owned subsidiary Sotta Mining Corporation Ltd. has awarded Metso an order for a SuperiorTM MKIII 4265 primary gyratory and two Metso Plus PremierTM grinding mills with a total installed power of 21MW. The equipment will be installed at Sotta Mining’s Nyanzaga gold project in northwest Tanzania. The order value exceeds EUR 20 million and it has been booked in the Minerals segment’s 2025 first-quarter orders received. Matt Cavedon, General Manager, Project Development at Perseus, noted: “Perseus is looking forward to the successful deployment of Metso’s state-of-the-art… Read More Here

International Corporate News Gold

Fortuna Mining Eyes Guinea After Burkina Faso Exit Amid Rising Regional Risks

May 6, 2025May 6, 2025 Constance

Canadian miner Fortuna Mining is refocusing its West African operations on Guinea, signaling a strategic shift following its recent exit from Burkina Faso due to escalating security concerns and regulatory uncertainty. CEO Jorge Ganoza confirmed the company’s new direction in an interview with Reuters, stating that while Fortuna currently has no active operations in Guinea, it is conducting site visits and engaging with local authorities as part of its effort to tap into the country’s gold sector potential. This pivot comes as international miners navigate a changing landscape across West… Read More Here

International Gold New Mining Projects

Perseus Commits $523 Million to Tanzania’s Largest Gold Project in Over a Decade

May 4, 2025May 4, 2025 Constance

Australian gold producer Perseus Mining has approved a final investment of $523 million to develop the Nyanzaga Gold Project in Tanzania, marking the country’s most significant gold mine development in more than 17 years. The project will be fully financed from Perseus’ existing cash and gold reserves, which currently total $801 million. The investment will support the construction of a processing plant, related infrastructure, and the overall development of the mine. First gold production is expected in the first quarter of 2027. So far, Perseus has invested $27.5 million to… Read More Here

Gold Economy International

Nigeria Bets on Steel to Diversify Economy and Slash $4B in Annual Imports

May 3, 2025May 5, 2025 Constance

Nigeria is intensifying efforts to revive its long-stagnant steel industry as part of a broader strategy to diversify its oil-dependent economy. At the core of this push are plans to overcome decades of operational and financial setbacks, accelerate industrialization, and achieve self-sufficiency in steel production. On April 14, 2025, Nigerian firm Chart & Capstone Integrate Ltd signed a memorandum of understanding (MoU) with China’s Sinomach-HE to construct a $2.5 billion steel plant in Kogi State. This marks one of the largest initiatives yet in Nigeria’s ongoing campaign to reduce its… Read More Here

Reimagining Reliability: How AI-Powered Asset Intelligence is Transforming Mining Operations in Sub-Saharan Africa

May 3, 2025May 3, 2025 Constance

For over 115 years, Dickinson Group of Companies (DGC) has delivered industrial excellence across Sub-Saharan Africa. Today, through its DGC Africa operations, the company is addressing one of the most pressing strategic challenges facing mining and industrial organisations: maintaining, managing, and future-proofing high-value industrial assets under increasingly demanding and unpredictable conditions. With a growing regional footprint, headquartered in Kitwe, Zambia, DGC Africa delivers strategic, performance-driven services that strengthen plant reliability, accelerate engineering innovation, and enable workforce transformation. The company’s recent launch of its AI-powered reliability platform, DGC SmartAsset Intelligence, marks… Read More Here

Net zero mining is a reality

May 2, 2025May 2, 2025 Constance

The mining industry is facing a daunting challenge as rapid changes are expected to meet global targets while remaining profitable, comments Martin van Zyl, Sales Manager, Process Industries. ABB has just released a report entitled ‘Mining’s Moment: The Pathway for Urgent Real Progress in Responsible Mining’. Sustainability goals have become inevitable across all industries. Particular pressures and responsibilities are being placed on the shoulders of the mining industry, plus there is a limited timeframe in which to make significant progress. To understand the reasons behind these expectations, their impact on… Read More Here

International Gold News in Brief

Ghana Arrests Three Indian Nationals Over Alleged Gold Smuggling Ring

April 30, 2025April 30, 2025 Constance

Ghanaian authorities have arrested three Indian nationals accused of smuggling gold out of the country for the past ten years, according to a statement from the Ghana Gold Board. The suspects, aged 42, 35, and 22, were apprehended at their private residence in Kumasi, the country’s second-largest city, following a tip-off. During the raid, officials seized 4.36 kilograms of gold, 1.9 million Ghanaian cedis (approximately $133,333), 4,500 Indian rupees, two currency counting machines, a CCTV recorder, and an Indian passport. Ghana, Africa’s leading gold producer, saw its gold exports surge… Read More Here