Mining Projects - Copperbelt Katanga Mining

Former B2Gold Manager to Lead Avanti’s Masisi Gold Project

May 9, 2024May 9, 2024 Constance

Canadian mining company Avanti Gold has appointed Lan MacLean, a former manager at B2Gold, as the General Manager for their Masisi gold project in the Democratic Republic of Congo (DRC). The announcement, made on May 7, 2024, underscores Avanti’s commitment to advancing their mining endeavors in Africa. With over 25 years of experience in the mining industry, MacLean brings a wealth of expertise to his new role. His tenure at B2Gold, where he managed operations in Mali and Namibia, positions him well to lead the development of the Masisi project.… Read More Here

Mining in Zambia Copper Mining Projects New Mining Projects Uranium

Prospect Resources Completes Deal with Orpheus Uranium

May 9, 2024May 9, 2024 Constance

Prospect Resources Limited (PSC: ASX, 5E8:FRA) has finalized a significant deal with Orpheus Uranium Limited (ASX: ORP), marking a milestone in the advancement of their Mumbezhi Copper Project in Zambia. The agreement, announced publicly on April 9, 2024, provides Prospect with access to crucial data to propel their project forward. As part of the agreement, Prospect paid Orpheus A$1.0 million in fully paid PSC shares, serving as partial reimbursement for prior exploration expenses. Additionally, three options to acquire ordinary PSC shares were granted for every four shares issued, priced at… Read More Here

Gold Mining Personality Mining Projects

Sir Samuel Jonah Appointed as Director and Chairperson of Avanti Gold

May 8, 2024May 8, 2024 Constance

Canada-listed Avanti Gold has recently appointed Sir Samuel Jonah as director and chairperson of the company, coinciding with its exploration endeavors in a newly acquired area of potential in Botswana. With a distinguished career spanning decades in the mining sector across Africa, Jonah brings invaluable experience to Avanti Gold. His notable roles include serving as the former president of gold miner AngloGold Ashanti and holding positions on the boards of esteemed companies such as Moto Gold Mines, Vodafone Group, Standard Bank Group, Roscan Gold, and Bank of America Corporation’s Global… Read More Here

Gold Mining in DRC Mining Projects

Barrick to Ramp Up Production As It Remains On Track to Achieve 2024 Targets

May 3, 2024May 3, 2024 Constance

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has reported its first quarter results which were in line with guidance and position the Company well to meet its full year targets. Gold production is expected to ramp up steadily during the year, supported by the completion of the Pueblo Viejo plant expansion and the resumption of operations at the Porgera mine. Additionally, copper production is also on track to meet the full year’s guidance. Reporting its Q1 results, Barrick said lower production and the consequent higher costs reflected the delayed ramp up at Pueblo… Read More Here

Press Release Mining in DRC Mining Projects

Ivanhoe Mines Releases 2024 Q1 Financials and Project Updates

May 3, 2024May 3, 2024 Constance

Kamoa-Kakula sold 85,155 tonnes of payable copper during the quarter and recognized revenue of $618 million, as well as EBITDA of $365 million Ivanhoe Mines recorded Q1 2024 loss of $69 million, primarily as a result of non-cash loss on convertible bonds due to 26% quarterly share price increase; normalized profit of $70 million and adjusted EBITDA of $126 million Kamoa-Kakula produced 86,203 tonnes of copper in Q1 2024; annual production guidance for Kamoa-Kakula maintained at between 440,000 to 490,000 tonnes of copper Kamoa-Kakula’s quarterly cost of sales total $1.50/lb.… Read More Here

International Exploration Gold Mining Projects

Barrick Announces Extensive Exploration Partnership with Geophysx Jamaica

May 2, 2024May 2, 2024 Constance

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) is pleased to announce that its subsidiary Barrick Gold (International Holdings) Ltd. (“Barrick”) has entered into an exploration earn-in agreement with Geophysx Jamaica Ltd. (“Geophysx”) with respect to certain properties located in Jamaica (the “Agreement”). The Agreement initially provides Barrick with access to approximately 4,000 square kilometers of consolidated land positions throughout the country, with a favorable geological setting comparable to the Dominican Republic, where Barrick operates the Pueblo Viejo mine. Barrick will have the right to work with Geophysx to earn up to an 80%… Read More Here

International Gold Mining Projects

Construction Advances at Blackwater Mine in British Columbia

April 30, 2024April 30, 2024 Constance

Construction at the Blackwater mine in central British Columbia continues to advance according to schedule, positioning the mine for its inaugural gold pour in the latter half of the year. As of March 31, overall construction progress reached approximately 73%, with approximately C$523 million of the guided capital budget, ranging between C$730 million to C$750 million, already expended, as reported by TSX-V-listed Artemis Gold. Steven Dean, Chairperson and CEO, emphasized the pivotal role of the dedicated team overseeing the development of the Blackwater mine. “Execution is paramount in all projects,… Read More Here

International Gold Mining Projects

Invictus Energy Signs MoU to Power Zimbabwe’s Eureka Gold Mine

April 26, 2024April 26, 2024 Constance

Independent upstream oil and gas company Invictus Energy signed a Memorandum of Understanding (MoU) with energy firm Himoinsa Southern Africa Proprietary Limited and mining company Dallaglio Investments Pvt Ltd. for the development of a gas-to-power project to supply electricity to Eureka Gold Mine in Zimbabwe. Invictus Energy will provide feedstock from its Cabora Bassa Project to fuel the proposed 12MW gas-to-power plant, which will be constructed by Himoinsa. Electricity generated from the plant will be transmitted via the national grid to power operations at Dallaglio Investments’ Eureka Mine, located 50km away… Read More Here

International Mining Projects

Sibanye-Stillwater provides updates on its SA PGM operations

April 22, 2024April 22, 2024 Constance

Multinational mining and metals processing group Sibanye-Stillwater updates its stakeholders on the repairs at its Siphumelele shaft at its Rustenburg operation and its end-of-life 4 Belt (4B) shaft at its Marikana operation. Siphumelele shaft at the Rustenburg operation On 29 February 2024, damage to surface infrastructure at the Siphumelele shaft resulted in the suspension of production from the shaft. The incident occurred when an ore collector bin attached to the shaft headgear sheared off and fell to the ground, damaging a surface ore conveyor belt system. There were no injuries… Read More Here

International Copper Mining Projects

𝗞𝗛𝗢𝗘𝗠𝗔𝗖𝗔𝗨 𝗡𝗘𝗪 𝗢𝗪𝗡𝗘𝗥𝗦 𝗖𝗢𝗠𝗠𝗜𝗧 𝗧𝗢 𝗦𝗘𝗧𝗧𝗜𝗡𝗚 𝗨𝗣 𝗕𝗘𝗡𝗘𝗙𝗜𝗖𝗜𝗔𝗧𝗜𝗢𝗡 𝗔𝗖𝗧𝗜𝗩𝗜𝗧𝗜𝗘𝗦 𝗜𝗡 𝗕𝗢𝗧𝗦𝗪𝗔𝗡𝗔

April 22, 2024April 22, 2024 Constance

Minister of Minerals & Energy Hon Lefoko Maxwell Moagi has revealed that MMG Limited , the new owners of Khoemacau Copper Mining will set up beneficiation activities in Botswana to add value to the product and create thousands of Jobs locally. Minister Moagi was speaking during the change of Khoemacau ownership ceremony in Toteng. MMG Limited ,listed on the Hong Kong Stock Exchange acquired Khoemacau’s parent company Cuprous Capital at over P23 billion in a one of the largest transactions inthe history of Botswana. MMG major shareholder is China Minmetals… Read More Here