Breaking News
Ghana Arrests Three Indian Nationals Over Alleged Gold Smuggling Ring 21 International Gold News in Brief 

Ghana Arrests Three Indian Nationals Over Alleged Gold Smuggling Ring

Constance
Ghanaian authorities have arrested three Indian nationals accused of smuggling gold out of the country for the past ten years, according to a statement from the Ghana Gold Board. The suspects, aged 42, 35, and 22, were apprehended at their private residence in Kumasi, the country’s second-largest city, following a tip-off. During the raid, officials seized 4.36 kilograms of gold, 1.9 million Ghanaian cedis (approximately $133,333), 4,500 Indian rupees, two currency counting machines, a CCTV recorder, and an Indian passport. Ghana, Africa’s leading gold producer, saw its gold exports surge… Read More Here
Belgium Signals Stronger Role in DRC’s Critical Minerals Sector 22 Mining in DRC Battery Metals Cobalt Lithium Uranium 

Belgium Signals Stronger Role in DRC’s Critical Minerals Sector

Constance
Belgium is ready to deepen its involvement in the Democratic Republic of Congo’s (DRC) critical minerals sector, according to Belgian Foreign Minister Maxime Prévot, who is currently visiting the Central African country as it seeks to diversify its investment partnerships. The DRC holds some of the world’s largest reserves of copper, cobalt, lithium, and uranium. However, persistent instability and insecurity—particularly in the east—have long hindered the scale of foreign investment required to fully develop the sector’s potential. Amid growing interest from global powers, Kinshasa is actively looking to attract new… Read More Here
Barrick Gold Corporation Plans to Change Name to BARRICK MINING CORPORATION 23 International Corporate News Gold 

Barrick Gold Corporation Plans to Change Name to BARRICK MINING CORPORATION

Constance
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick” or the “Company”) today announced that it plans to change its name to Barrick Mining Corporation and from « Société aurifère Barrick » to « Société minière Barrick » in French, subject to shareholder approval at its upcoming Annual and Special Meeting of Shareholders on May 6, 2025. In connection with its name change, the Company also plans to change its ticker symbol for the Barrick common shares listed on the New York Stock Exchange from ‘GOLD’ to ‘B’, to become effective at the start… Read More Here
Barrick Announces Sale of Stake in Donlin Gold Project for Up To $1.1 Billion 24 International Corporate News Gold 

Barrick Announces Sale of Stake in Donlin Gold Project for Up To $1.1 Billion

Constance
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick”) today announced that it has reached an agreement to sell the 50 percent interest in the Donlin Gold Project in Alaska held by Barrick’s subsidiary Barrick Gold U.S. Inc. to affiliates of Paulson Advisers LLC (“Paulson”) and NOVAGOLD Resources Inc. (NYSE American, TSX:NG) for $1 billion in cash. In addition, Barrick has granted NOVAGOLD an option to purchase the outstanding debt owed to Barrick in connection with the Donlin Gold Project for $90 million if purchased prior to closing, or for $100 million if purchased… Read More Here
Tin Prices Recover as Commodities Show Mixed Trends in DRC’s Mining Sector 25 Mining in DRC Economy Tin 

Tin Prices Recover as Commodities Show Mixed Trends in DRC’s Mining Sector

Constance
Tin prices are showing a positive recovery this week, following a period of decline since March. As of the week from April 28 to May 3, 2025, tin is trading at USD 31,216 per tonne, up from USD 30,891 the previous week, marking a notable uptick in the market. During the week of April 21-26, 2025, tin had been trading at USD 30,891 per tonne, down from USD 35,142 the week prior (April 14-19). This decline of 5% was largely attributed to the temporary closure of Alphamin, a U.S.-based company… Read More Here
Zimbabwe Resumes Gold Coin Sales to Support Currency Stability 48 International Economy 

Zimbabwe Resumes Gold Coin Sales to Support Currency Stability

Constance
Zimbabwe’s central bank has resumed the issuance of gold coins, a move it had suspended 10 months ago. The decision aims to bolster the bullion reserves backing the local currency, the ZiG, which has been under pressure due to policy missteps, according to Imara Asset Management, the country’s oldest independent brokerage. The 22-carat gold coins, whose issuance was halted in July, are once again available through the country’s banks. The timing aligns with heightened market demand for gold, noted Persistence Gwanyanya, a member of the central bank’s monetary policy committee.… Read More Here
African Diamond Producers Struggle as Global Prices Plunge 49 Diamond International 

African Diamond Producers Struggle as Global Prices Plunge

Constance
Several African economies are feeling the strain from a sharp decline in global diamond prices. According to multiple reliable sources, diamond prices have dropped by more than 25% since 2022, impacting major African producers such as Botswana, Namibia, and Angola. The main factor behind the prolonged fall in demand and prices is the growing popularity of synthetic diamonds, which are increasingly preferred for jewelry production. The Democratic Republic of Congo (DRC) has been less affected, as diamond mining plays a relatively minor role in an economy dominated by copper and… Read More Here
DRC's Mining Sector Generates $4.36 Billion in 2024 50 Mining in DRC Economy 

DRC’s Mining Sector Generates $4.36 Billion in 2024

Constance
The mining sector of the Democratic Republic of Congo (DRC) generated $4.36 billion in 2024, accounting for approximately 41.3% of the country’s total revenue, estimated at over $10.62 billion. This was reported by the financial rating agency Standard & Poor’s (S&P) in a recent post on its X (formerly Twitter) account. According to S&P, this performance resulted from multiple sources of revenue, including income tax on expatriates’ salaries, exceptional taxes on foreign workers’ compensation, permits for exploration or exploitation, and mining royalties. The latest report from the DRC Ministry of… Read More Here
Zambia’s Energy Ministry Opens Bidding for Tazama Pipeline Access 51 Mining in Zambia Oil & Gas 

Zambia’s Energy Ministry Opens Bidding for Tazama Pipeline Access

Constance
The Ministry of Energy has officially opened the bidding process for oil marketing companies (OMCs) seeking access to the Tazama pipeline. This follows the successful completion of a review of the guidelines governing the Tazama Pipeline Open Access Framework. According to Principal Public Relations Officer Bob Sianjalika, both local and foreign OMCs are now invited to submit their bids for the use of the pipeline to transport diesel from Dar es Salaam to Zambia. The deadline for submitting bids is set for April 30, 2025. Sianjalika emphasized that the open… Read More Here

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