Press Release - Copperbelt Katanga Mining

Barrick to Grow Production and Value on Global Asset Foundation

March 16, 2024March 16, 2024 Constance

Barrick’s peerless gold and rapidly growing copper portfolios now extend across all the major gold and copper districts worldwide, providing the company with a solid base from which to grow its production and value, directed by a proven strategy and supported by a broad spectrum of skills, says president and chief executive Mark Bristow in the 2023 Annual Report published today. “Discovery and development are the true drivers of value and our strong focus on exploration is evident in our widespread hunt for new discoveries with Tier One1 potential as… Read More Here

Technology & Innovation Copper Exploration Gold International Mining technology Press Release

Ivanhoe Electric to Implement Advanced Software at Tintic Copper-Gold-Silver Project

March 15, 2024March 15, 2024 Constance

Ivanhoe Electric Announces Application of Latest Computational Geosciences Inc. Software at Tintic Copper-Gold-Silver Project in Utah Recent Advancements in CGI’s Machine Learning-based Software Improve Quality and Speed of Typhoon™ Data Processing Updated Interpretation of Typhoon™ Survey Data at Tintic Resulted in Refined Drill Targets Ivanhoe Electric and CGI Are Utilizing the Latest Software in Recent U.S. Surveys and in the Company’s Saudi Arabian Exploration Joint Venture with Ma’aden PHOENIX, ARIZONA – Ivanhoe Electric Inc. (“Ivanhoe Electric”) (NYSE American: IE; TSX: IE) and its subsidiary, Computational Geosciences Inc. (“CGI”), are pleased to… Read More Here

Mining in Zambia Copper Press Release

ZCCM-IH Shareholders Unanimously Approve the Mopani Copper Mines Transaction

March 10, 2024March 10, 2024 Constance

ZCCM Investments Holdings Plc (ZCCM-IH) shareholders have unanimously approved the Mopani Copper Mines Plc (Mopani) transaction where Delta Mining Limited (Delta), a subsidiary of International Resource Holdings (IRH), has agreed to acquire a 51% shareholding in Mopani for a total investment of up to US$1.1 billion. The approval was given at the Shareholder’s Extraordinary General Meeting (EGM) held in Lusaka on 23rd February 2024. ZCCM-IH will retain 49% shares in Mopani, with 3 out of 9 board seats (5 by Delta and 1 by GRZ), and thus continue to participate… Read More Here

Press Release Gold International

Loulo-Gounkoto Delivers Another Value-Creating Performance

March 10, 2024March 10, 2024 Constance

The Loulo-Gounkoto complex in Mali, one of the world’s largest gold producers, has contributed more than $1 billion to the Malian economy over the past 12 months, maintaining its long record as one of the country’s largest and most consistent revenue generators. The complex is on track to meet its production guidance for the current quarter and the year. There have been no lost time injuries or major environmental incidents during the quarter to date. Speaking to media and stakeholders at the mine today, Mark Bristow, president and chief executive… Read More Here

Mining in Zambia Copper Economy Mining tax Press Release

FQM Supports Zambia’s Export Tracking Framework

March 8, 2024March 8, 2024 Constance

Zambia’s largest taxpayer First Quantum Minerals (FQM), has pledged its support for the Bank of Zambia’s Export Proceeds Tracking Framework directives, which aim to ensure revenue from exports of goods and services, and the use of these funds, can be tracked through local Zambian bank accounts. The directives, which came into effect on January 1 this year, require exporters to match export records to funds flowing through Zambian bank accounts in order to give the Bank of Zambia greater visibility of both the source of the funds received and the… Read More Here

Mining in DRC Gold Press Release

Kibali and ARSP team up to promote local content in the DRC

March 3, 2024March 4, 2024 arnbethnic

Africa’s largest gold mine, Kibali, and the Autorite de Regulation de la Sous-Traitance dans le Secteur Prive (ARSP), the body which oversees the DRC’s sub-contracting sector, have agreed to collaborate on a range of local content initiatives. The partnership has been designed to increase the mine’s already extensive use of Congolese contractors and suppliers in line with parent company Barrick’s global policy of supporting local businesses and employing host country nationals. Since 2009, Kibali has spent more than $2.6 billion with local suppliers. Of its more than 6,500 employees, 95%… Read More Here

Mining in DRC Copper Gold Nickel Press Release

Ivanhoe Mines Reveals 2023 Financials and Project Updates at BMO Global Metals Conference

February 28, 2024February 28, 2024 Constance

Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) President Marna Cloete and Chief Financial Officer David van Heerden were pleased to present, ahead of the 33rd BMO Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida, the company’s financial results for the year ended December 31, 2023, and provided an operations and project development update. Ivanhoe Mines is a leading Canadian mining company developing and operating its four principal mining and exploration projects in Southern Africa: expanding operations at the world-class Kamoa-Kakula Copper Complex (Kamoa-Kakula) in the Democratic Republic of Congo… Read More Here

Gold International Press Release

Tanzanian Parliamentary Committee Lauds Barrick’s Work at North Mara

February 25, 2024February 25, 2024 Constance

Tanzania’s Parliamentary Standing Committee for Energy and Minerals has commended Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) for the significant turnaround at the North Mara gold mine and its improved relations with the community. Members of Parliament recently visited the mine along with the Deputy Minister of Minerals, Ministry officials, the Regional Commissioner, District Commissioner, ward councilors and village leaders. The delegation was shown the mine’s water treatment plant, tailings storage facility, the Nyabigena and Gokona open pits and a number of Barrick’s community development projects such as Matongo’s agribusiness initiative and secondary… Read More Here

Press Release

Ivanhoe’s Platreef Project Overcomes Water Scarcity Challenge in South Africa

February 16, 2024February 16, 2024 Constance

Mining operations are known for high water usage, which presents a significant challenge in Africa’s water-scarce regions. Ivanhoe’s Platreef Project in Mokopane, South Africa, has successfully addressed its water supply needs through a creative arrangement with the Mogalakwena Local Municipality (MLM). The Mogalakwena area, which is prone to medium-risk droughts, surrounds the Platreef mine, where Phase 1 operations will require up to 3 million liters of water daily, increasing to 9 million liters following Phase 2 expansion. In 2018, Ivanhoe, through its majority-owned subsidiary Ivanplats, reached a deal with MLM… Read More Here

International Gold Press Release

Barrick Announces New Share Buyback Program

February 16, 2024February 16, 2024 Constance

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick” or the “Company”) announced on Wednesday that it plans to undertake a new share repurchase program for the buyback of its common shares. Barrick’s Board of Directors has authorized a new program for the repurchase of up to $1.0 billion of the Company’s outstanding common shares over the next 12 months at prevailing market prices in accordance with applicable law. In connection with the new share repurchase program, Barrick has terminated the share repurchase program announced by the Company on February 15, 2023. The Company… Read More Here