Press Release - Copperbelt Katanga Mining

Barrick Continues to Unlock Value Embedded In Its Asset Base

September 19, 2024September 19, 2024 Constance

COLORADO SPRINGS – Barrick is projecting a 30% growth in the production of gold-equivalent ounces from its existing assets by the end of this decade1 while it continues to unlock the value embedded in its portfolio, says president and chief executive Mark Bristow. Speaking at the Gold Forum Americas, Bristow said while Barrick was alert to potentially value-accretive opportunities generated by the consolidation of the industry, it had the rare luxury of doing so from an asset base that would support organic growth well into the future. “Five years ago, we set… Read More Here

International Equipment & Technology Mining Equipment Press Release

Kal Tire announces Haltec Group as distribution partner for its KalPRO tooling

September 19, 2024September 19, 2024 Constance

KalPRO, a new sub-brand of Kal Tire, represents a collection of innovative tools and offerings developed to enhance safety, efficiency and productivity VERNON, BC—Kal Tire’s Innovation Centre in western Canada has been designing and producing proprietary tooling for nearly 10 years to help improve safety and efficiency for its mining tire technicians. From tools that reduce fatigue and strain to ones that eliminate high risk, KalPRO tools enable technicians to perform work with greater ease, efficiency and safety. Now, some KalPRO tools will be available to technicians globally through Haltec… Read More Here

Gold International Press Release

Key Projects Advance as Barrick Keeps Tight Focus on Value Creation and Growth

August 14, 2024August 14, 2024 Constance

TORONTO – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has reported increased earnings and production for its second quarter, in line with guidance, and said the Company was on track for a strong second half of the year. Net earnings1 were up 25% and the attributable EBITDA margin2 was up 17% quarter on quarter to 48% with strong operating cash flows of $1.16 billion and a material increase in free cash flow3 to $340 million. Net earnings per share were up 24% to $0.21, adjusted net earnings per share3 increased by 68% to $0.32, and the quarterly dividend was… Read More Here

International Gold Press Release

Barrick Declares Q2 Dividend and Buys Back Shares

August 14, 2024August 14, 2024 Constance

TORONTO – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced the declaration of a dividend of $0.10 per share for the second quarter of 2024. The dividend is consistent with the Company’s Performance Dividend Policy announced at the start of 2022. The Q2 2024 dividend will be paid on September 16, 2024 to shareholders of record at the close of business on August 30, 2024. In addition to the dividend, Barrick repurchased 2.95 million shares during the second quarter under the $1 billion share buyback program that was announced in February 2024. “The continued… Read More Here

Mining in Zambia Copper Press Release

FQM PARTNERS WITH UNZA AND CBU TO LAUNCH APPLIED FIELDWORK COURSE

July 29, 2024July 29, 2024 Constance

First Quantum Minerals has partnered with the University of Zambia (UNZA) and Copperbelt University (CBU) to create a comprehensive residential applied fieldwork course aimed at providing students with practical insights into the mineral exploration industry. The course, spanning seven days, is conducted in an exploration field camp setting, featuring modules that replicate the entire exploration lifecycle from target generation to drill testing and related activities. Some 15 fourth and fifth year UNZA students took part in the inaugural course earlier this month through the UNZA Society of Economic Geologist’s… Read More Here

Mining in Zambia Battery Metals Nickel Press Release

First Quantum Declares Commercial Production at Enterprise Nickel Project

July 24, 2024July 24, 2024 Constance

First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) declared commercial production as of June 1, 2024 at the Enterprise nickel mine, located 12km away from the company’s Sentinel copper mine in the North Western Province of Zambia. First Quantum built, commissioned and delivered commercial operation in just over two years – another successfully executed project that demonstrates the company’s approach to delivering sustainable growth. Two years ago, First Quantum approved the Enterprise project – alongside the S3 Expansion project at Kansanshi – following a commitment made by… Read More Here

International Gold Press Release

Higher Q2 Production Puts Barrick On Track to Deliver 2024 Targets

July 18, 2024July 18, 2024 Constance

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick” or the “Company”) has reported preliminary Q2 production of 948 thousand ounces of gold and 43 thousand tonnes of copper, as well as preliminary Q2 sales of 956 thousand ounces of gold and 42 thousand tonnes of copper. As previously guided, Barrick’s gold and copper production in 2024 is expected to progressively increase each quarter through the year with a higher weighting in the second half. The Company remains on track to achieve our full year gold and copper guidance. The average market price for… Read More Here

Mining Personality Press Release

Changes to the ERG Board of Directors

July 18, 2024July 20, 2024 Constance

Eurasian Resources Group S.à r.l. (ERG) announces key changes to its Board of Directors to further develop and strengthen the company in response to global challenges and rapidly changing market conditions: –Mr. Shukhrat Ibragimov has been elected Chairman of the Board, serving since 2021. –Mr. Sabir Chodiev replaces Dr. Patokh Chodiev. –Mr. Eduard Surlevich replaces Dr. Alexander Machkevitch. -Representatives of the Government of the Republic of Kazakhstan, Deputy Prime Minister Mr. Serik Zhumangarin and Minister of Finance Mr. Madi Takiyev, will continue in their roles as board members. The contributions… Read More Here

Press Release Copper Mining in Zambia

Vedanta ready with $250 million funding to pay KCM Creditors

July 5, 2024July 5, 2024 Constance

Friday 5th July, 2024 Lusaka, Zambia – In a significant development, Vedanta has arranged USD 250 million funding to pay KCM Creditors as per High Court decision rendered on 28 June 2024. With Vedanta Resources’ reinstatement, Konkola Copper Mines (KCM) is poised for a new era of growth and prosperity. Vedanta Resources, the Government of the Republic of Zambia (GRZ), and ZCCM Investments Holdings Plc (ZCCM-IH) are working in close collaboration to complete all steps outlined in the transaction documents. The parties involved are demonstrating their shared commitment to KCM’s… Read More Here

Mining in DRC Copper Infrastructural Development Press Release

Ivanhoe Mines Completes Construction of Kipushi Concentrator Ahead of Schedule

July 5, 2024July 7, 2024 Constance

First ore to Kipushi concentrator achieved on May 31; first concentrate produced on June 14 Kipushi sets 2024 production guidance at between 100,000 and 140,000 tonnes of zinc in concentrate Kipushi zinc production capacity to average 278,000 tonnes per annum over first five years, making Kipushi the fourth-largest zinc mine globally Basic engineering underway to increase processing capacity of concentrator by 20% to 960,000 tonnes per annum Off-take agreements signed with CITIC Metal and Trafigura, plus $170 million in financing facilities agreed Kipushi reconfirmed as the world’s lowest carbon-emission intensive… Read More Here