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Category: Press Release

Loulo-Gounkoto Delivers Another Value-Creating Performance 1 Press Release Gold International 

Loulo-Gounkoto Delivers Another Value-Creating Performance

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
FQM Supports Zambia's Export Tracking Framework 2 Mining in Zambia Copper Economy Mining tax Press Release 

FQM Supports Zambia’s Export Tracking Framework

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
Kibali and ARSP team up to promote local content in the DRC 3 Mining in DRC Gold Press Release 

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

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
Ivanhoe Mines Reveals 2023 Financials and Project Updates at BMO Global Metals Conference 4 Mining in DRC Copper Gold Nickel Press Release 

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

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
Tanzanian Parliamentary Committee Lauds Barrick’s Work at North Mara 5 Gold International Press Release 

Tanzanian Parliamentary Committee Lauds Barrick’s Work at North Mara

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
Ivanhoe's Platreef Project Overcomes Water Scarcity Challenge in South Africa 6 Press Release 

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

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
Barrick Announces New Share Buyback Program 7 International Gold Press Release 

Barrick Announces New Share Buyback Program

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
ZCCM-IH Refutes Allegations of Losing Control Over Kasenseli Gold Mine 8 Mining in Zambia Gold Press Release 

ZCCM-IH Refutes Allegations of Losing Control Over Kasenseli Gold Mine

Constance
ZCCM Investments Holdings Plc (ZCCM-IH) has come forward to address recent allegations circulating in certain media outlets regarding the purported loss of control over the Kasenseli Gold Mine. Contrary to these reports, ZCCM-IH asserts that the resumption of mining operations at Kasenseli Gold Mine is on the horizon, following the amicable resolution of disputes and the necessary consent to mine being granted. One of the key hurdles in the path to resuming operations was the resolution of disputes raised by one of the Kasenseli Gold Company Limited shareholders, Kampoko Resources… Read More Here
Ivanhoe Mines' Kamoa-Kakula to Export Copper via Lobito Railway 9 Copper Mining in DRC Press Release Transport and Logistics 

Ivanhoe Mines’ Kamoa-Kakula to Export Copper via Lobito Railway

Constance
Term sheet allocates Kamoa-Kakula up to 240,000 tonnes of annual capacity for export of copper products along the Lobito Corridor from 2025 ■ Lobito Corridor passes through Ivanhoe’s Western Foreland licences and within five kilometres ofKamoa-Kakula ■ Lobito Corridor will transform economic and social development of the DRC, as well as its neighbouring countries, accelerating regional economic development ■ Lobito Corridor is supported by the United States and G7 nations through the Partnership for Global Infrastructure and Investment  Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna… Read More Here
Kibali Gold Mine Sets Benchmark for Sustainable and Automated Mining 10 Mining in DRC Electricity Gold Press Release 

Kibali Gold Mine Sets Benchmark for Sustainable and Automated Mining

Constance
KINSHASA, DEMOCRATIC REPUBLIC OF CONGO – Kibali, the largest gold mine in Africa, is now also one of the greenest mines on the African continent, Barrick president and chief executive Mark Bristow told media at a briefing on Monday January 29th. Much of the electricity that drives Kibali is already supplied by its three hydropower stations. Once the mine’s new 16 megawatt solar plant and additional battery energy storage infrastructure, designed to back up the hydropower supply during the region’s dry season, are commissioned, it is expected the mine’s overall renewable electricity… Read More Here

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