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Barrick Gold’s Twiga JV Drives Significant Economic Impact in Tanzania 1 International Corporate News Gold 

Barrick Gold’s Twiga JV Drives Significant Economic Impact in Tanzania

Constance
Barrick Gold has contributed over $4.24 billion to the Tanzanian economy since the inception of its Twiga joint venture (JV) with the government in 2019. In 2024 alone, its investment amounted to $888 million. Twiga encompasses the North Mara and Bulyanhulu gold mines. Barrick President and CEO Mark Bristow highlighted the ongoing success of the Twiga partnership, emphasizing its leadership in Tanzania’s extractive sector. The JV has created thousands of jobs, supported local businesses, and funded essential community projects. In 2023, Barrick spent $573 million on national suppliers and service… Read More Here
GoviEx Highlights Strong Economics and Low-Cost Potential for Muntanga Uranium Project in Zambia 2 Mining in Zambia New Mining Projects Uranium 

GoviEx Highlights Strong Economics and Low-Cost Potential for Muntanga Uranium Project in Zambia

Constance
GoviEx Uranium, listed on the TSX-V, has announced robust feasibility study results for its Muntanga uranium project in Zambia. The study highlights the project’s low technical risk and confirms its potential as a shallow open-pit mine with a heap leaching operation. The feasibility study estimates an after-tax net present value (NPV) of $243 million, with an internal rate of return (IRR) of 20.8%, based on a triuranium octoxide (U3O8) price of $90 per pound. For every $5 increase in the U3O8 price, the NPV increases by $45 million. The project… Read More Here
Mining Indaba 2025: Shaping a Resilient, Sustainable Future for African Mining 3 Events & Expos 

Mining Indaba 2025: Shaping a Resilient, Sustainable Future for African Mining

Constance
The Investing in African Mining Indaba 2025 is adopting a forward-thinking approach to enhance the event by exploring new audience sectors, while embracing the shared responsibility to protect the planet for future generations, says Laura Nicholson, Head of Content and Strategic Partnerships at Hyve Group. Aligned with the theme “Future-Proofing African Mining, Today!,” the event aims to build resilience by incorporating experts and decision-makers to expand its audience and contribute to African mining’s long-term prosperity. This evolution mirrors the transformation of the mining industry, as Alex Khumalo from Minerals Council… Read More Here
B2Gold to Invest $10 Million in Fekola Exploration After Mali Settlement 4 Gold Corporate News International 

B2Gold to Invest $10 Million in Fekola Exploration After Mali Settlement

Constance
Canadian miner B2Gold is moving forward with plans to invest $10 million in exploration at its Fekola gold complex in Mali in 2025, following a settlement with the Malian government that has reduced the risk of disruption. In August 2023, Mali introduced a new mining code that increases the state’s share of mining revenues and removes tax exemptions for mining companies. B2Gold was one of the first companies to reach a settlement with the government, resolving an income tax dispute in September 2024 and agreeing to adapt one part of… Read More Here
DRC Achieves Record Coltan Exports in 2024 Despite Declining Production 5 Mining in DRC Coltan 

DRC Achieves Record Coltan Exports in 2024 Despite Declining Production

Constance
The Democratic Republic of Congo (DRC) exported a record 2,485 tonnes of coltan in the first nine months of 2024, surpassing the previous peak of 2,466 tonnes set in 2020, according to data released by the Ministry of Mines at the end of December 2024. However, the figures raise questions as they contrast with the production levels recorded during the same period. Coltan production for the first three quarters of 2024 amounted to just 872 tonnes, marking the lowest total since 2013 when the country produced only 358 tonnes. A… Read More Here
DRC Mining Exports Expected to Maintain Stability in January 2025 6 Mining in DRC 

DRC Mining Exports Expected to Maintain Stability in January 2025

Constance
Mining products exported from the Democratic Republic of Congo (DRC) are expected to experience a period of stability during the week of January 20-25, 2025, according to the National Commission of Price Mercurials of the Ministry of Foreign Trade. The price of copper, a crucial driver of the DRC’s economy, is expected to settle at USD 8,802.35 per ton. The DRC, currently the world’s third-largest producer of copper behind Chile, relies heavily on this mineral, which accounts for over 90% of the country’s extractive sector exports. In 2022, the country… Read More Here
DRC Diamond Exports Reach USD 66.4 Million in Q3 2024, Driven by Artisanal Production 7 Mining in DRC Artisanal mining Diamond 

DRC Diamond Exports Reach USD 66.4 Million in Q3 2024, Driven by Artisanal Production

Constance
In the third quarter of 2024, the Democratic Republic of Congo (DRC) saw diamond exports generate approximately USD 66.4 million, according to a report from the Technical Cell for Coordination and Mining Planning (CTCPM). The artisanal sector led the exports, with approximately 7.4 million carats exported, yielding an estimated USD 42.8 million in revenue. Export data by comptoir reveals that MALABAR was the leading exporter, accounting for 32% of the total quantity, followed by DIAMAZ with 21%, SAGA at 16%, AMAZONA at 19%, and MIABI at 9%. The MIABI comptoir… Read More Here
President Tshisekedi Outlines Vision for Sustainable Growth at World Economic Forum 8 Mining in DRC Events & Expos 

President Tshisekedi Outlines Vision for Sustainable Growth at World Economic Forum

Constance
During his address at the World Economic Forum in Davos, Switzerland, on Wednesday, January 22, 2025, Democratic Republic of Congo (DRC) President Félix Tshisekedi unveiled a bold plan to transform the nation’s economy while reducing its carbon footprint. Emphasizing the potential of renewable energy sources like solar, hydroelectric, and wind technologies, Tshisekedi highlighted the DRC’s natural advantages as the foundation for a sustainable future. “By harnessing the power of our rivers and the abundance of sunshine that bathes our lands, we will build a sustainable energy infrastructure to power local… Read More Here
DRC President Advocates for Global Cooperation on Ambitious Green Corridor Project 9 Mining in DRC 

DRC President Advocates for Global Cooperation on Ambitious Green Corridor Project

Constance
On Saturday, January 18, 2025, President Félix-Antoine Tshisekedi reaffirmed the Democratic Republic of Congo’s (DRC) commitment to the groundbreaking “Green Corridor” project, which aims to strengthen the surveillance of protected areas while promoting sustainable development. This initiative, launched in December 2024 by Minister of Environment and Sustainable Development Eve Bazaiba, seeks to address critical environmental, economic, and social challenges. Speaking during a New Year’s reception with ambassadors accredited to the DRC, President Tshisekedi emphasized that the “Green Corridor” is more than just an environmental effort. “This project is a comprehensive… Read More Here
Zambia Army Cracks Down on Illegal Mining Operations in Mapatizya 10 Mining in Zambia Artisanal mining 

Zambia Army Cracks Down on Illegal Mining Operations in Mapatizya

Constance
The Zambia Army has uncovered an illegal mining operation in the Mapatizya area of Zimba District, Southern Province. During the operation, the army discovered two warehouses where illegal stones were being processed and impounded a truck carrying 28 tonnes of the illicit materials. Zambia Army Commander Lieutenant General Geoffrey Zyeele revealed this development during a courtesy call on Livingstone Mayor Constance Muleabai. General Zyeele clarified that the army’s involvement in combating illegal mining should not be mistaken for an interest in the mining sector. “Our focus is to eliminate all… Read More Here

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