International - Copperbelt Katanga Mining

Barrick Gold Corporation Plans to Change Name to BARRICK MINING CORPORATION

April 30, 2025April 30, 2025 Constance

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick” or the “Company”) today announced that it plans to change its name to Barrick Mining Corporation and from « Société aurifère Barrick » to « Société minière Barrick » in French, subject to shareholder approval at its upcoming Annual and Special Meeting of Shareholders on May 6, 2025. In connection with its name change, the Company also plans to change its ticker symbol for the Barrick common shares listed on the New York Stock Exchange from ‘GOLD’ to ‘B’, to become effective at the start… Read More Here

International Corporate News Gold

Barrick Announces Sale of Stake in Donlin Gold Project for Up To $1.1 Billion

April 30, 2025April 30, 2025 Constance

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick”) today announced that it has reached an agreement to sell the 50 percent interest in the Donlin Gold Project in Alaska held by Barrick’s subsidiary Barrick Gold U.S. Inc. to affiliates of Paulson Advisers LLC (“Paulson”) and NOVAGOLD Resources Inc. (NYSE American, TSX:NG) for $1 billion in cash. In addition, Barrick has granted NOVAGOLD an option to purchase the outstanding debt owed to Barrick in connection with the Donlin Gold Project for $90 million if purchased prior to closing, or for $100 million if purchased… Read More Here

International Economy

Zimbabwe Resumes Gold Coin Sales to Support Currency Stability

April 28, 2025April 28, 2025 Constance

Zimbabwe’s central bank has resumed the issuance of gold coins, a move it had suspended 10 months ago. The decision aims to bolster the bullion reserves backing the local currency, the ZiG, which has been under pressure due to policy missteps, according to Imara Asset Management, the country’s oldest independent brokerage. The 22-carat gold coins, whose issuance was halted in July, are once again available through the country’s banks. The timing aligns with heightened market demand for gold, noted Persistence Gwanyanya, a member of the central bank’s monetary policy committee.… Read More Here

Diamond International

African Diamond Producers Struggle as Global Prices Plunge

April 28, 2025April 28, 2025 Constance

Several African economies are feeling the strain from a sharp decline in global diamond prices. According to multiple reliable sources, diamond prices have dropped by more than 25% since 2022, impacting major African producers such as Botswana, Namibia, and Angola. The main factor behind the prolonged fall in demand and prices is the growing popularity of synthetic diamonds, which are increasingly preferred for jewelry production. The Democratic Republic of Congo (DRC) has been less affected, as diamond mining plays a relatively minor role in an economy dominated by copper and… Read More Here

Gold International New Mining Projects

Burkina Faso Grants Nordgold Mining License to Boost Gold Production

April 28, 2025April 28, 2025 Constance

Burkina Faso’s military-led government has awarded an industrial mining license to Russian miner Nordgold for the development of the Niou gold project, as part of efforts to capitalize on record-high gold prices and strengthen the nation’s economy amid ongoing security challenges. The move reflects deepening economic ties between Burkina Faso and Russia, as the junta that seized power in 2022 continues to shift away from traditional Western allies toward Moscow. The Niou gold deposit, located in Kourweogo province within the Plateau-Central region, spans 52.8 square kilometers (20.4 square miles). It… Read More Here

Lithium Battery Metals Corporate News International

Premier African Minerals Signs LOI with Glencore for Zulu Lithium Concentrate

April 28, 2025April 28, 2025 Constance

Premier African Minerals (Premier) has signed a non-binding Letter of Interest (LOI) with Glencore International regarding the potential sale of spodumene concentrate from its Zulu Lithium and Tantalum Project in Zimbabwe. The LOI outlines preliminary terms for a future binding agreement, contingent on the Zulu Project meeting specific production standards, particularly in grade and volume. Premier aims to finalise the binding agreement within the next three months, with support from Canmax Technologies. Located approximately 80 km from Bulawayo, the Zulu Project is one of Zimbabwe’s largest undeveloped lithium-bearing pegmatites, covering… Read More Here

International Economy Partnership

Kenya and China Strengthen Partnership with 20 New Trade Agreements

April 27, 2025April 27, 2025 Constance

Kenya and China have made significant strides in their longstanding partnership by signing 20 new trade agreements and cooperation deals aimed at advancing development across key sectors of Kenya’s economy. The agreements were finalized at the Great Hall of the People in Beijing during a high-level meeting between President William Samoei Ruto of Kenya and President Xi Jinping of China. President Ruto described the Kenya-China partnership as strong, people-centered, and results-oriented. “Our Chinese partners have committed substantial investments in Kenya’s roads, schools, hospitals, agriculture, energy, ICT, and more. These projects… Read More Here

International Economy

IMF Cuts Growth Outlook for Emerging Markets Amid Global Trade Pressures

April 27, 2025April 27, 2025 Constance

The International Monetary Fund (IMF) has downgraded its growth forecasts for emerging and developing economies, projecting expansion of 3.7% in 2025 and 3.9% in 2026, according to the latest World Economic Outlook (WEO) released during the IMF and World Bank Spring Meetings. The revised forecast reflects a 0.2 percentage point drop from the January 2025 estimates, largely attributed to the impact of restrictive trade measures, particularly in China, which has been significantly affected. Growth expectations for advanced economies have also been lowered, but the most notable adjustments concern inflation. Global… Read More Here

International Corporate News Mergers & Acquisitions

CMOC Group Acquires Lumina Gold for C$581 Million to Advance Cangrejos Gold Project

April 25, 2025April 25, 2025 Constance

Chinese mining company CMOC Group has agreed to acquire Canada’s Lumina Gold in an all-cash deal worth C$581 million, marking a significant step for the Cangrejos gold project in Ecuador. Lumina CEO Marshall Koval expressed excitement about the transition of the Cangrejos project, saying, “After more than a decade of advancing the Cangrejos project, we are thrilled to see it move to CMOC, which is poised to further develop it into one of the largest gold projects globally.” CMOC will pay C$1.27 per Lumina share, offering a 71% premium to… Read More Here

Mining Personality Corporate News International

Anil Agarwal Pushes Vedanta Restructuring to Cut Debt and Capitalize on Critical Minerals

April 25, 2025April 25, 2025 Constance

Indian billionaire Anil Agarwal is nearing the completion of a long-anticipated restructuring of his metals-to-energy conglomerate, Vedanta, in a strategic move aimed at reducing the group’s $11 billion debt and providing sharper focus across its diverse businesses. Despite the cooling of aluminum, zinc, and copper prices after their 2024 peaks, the 71-year-old tycoon remains confident that simplifying Vedanta’s corporate structure and capitalizing on rising demand for critical minerals will enhance the group’s appeal — even amid global recession concerns. The demerger plan will result in the listing of Vedanta’s major… Read More Here