Barrick Gold Corporation (NYSE)(TSX) has reached an agreement with the government of Mali to pursue a global resolution to the ongoing claims and disputes involving Barrick’s Loulo and Gounkoto gold mining operations. The specifics of the agreement, primarily based on Barrick’s initial proposals, will be disclosed once the settlement termsContinue Reading
Barrick Gold (TSX: ABX)(NYSE: GOLD) announced on Tuesday the discovery of significant new gold deposits near its Kibali mine in the Democratic Republic of Congo (DRC). These deposits, found at Africa’s largest bullion operation, are expected to extend the mine’s lifespan and enhance production capabilities. During a media briefing, PresidentContinue Reading
Canada Rare Earth Corp. has finalized a supply agreement with SAKIMA SA, a state-owned mining company in the Democratic Republic of Congo (DRC), through its wholly owned subsidiary, Simba Essential Minerals. This agreement significantly bolsters Canada Rare Earth’s supply chain for rare earths and other essential minerals sourced from theContinue Reading
KoBold Metals, the Bill Gates-backed mining exploration company, is considering an investment of $2.3 billion to develop a significant new copper mine in Zambia, according to President Hakainde Hichilema, who referenced company estimates. The company aims to produce over 300,000 metric tons of copper annually at the Mingomba site, potentiallyContinue Reading
Liebherr Zambia has celebrated its 10th anniversary, with employees travelling to the Kitwe branch to begin the proceedings with a tour of Kitwe’s office, warehouse and remanufacturing facilities before attending a company-wide address from Liebherr Zambia’s managing directors. Henri Wassink, Managing Director of Administration, Liebherr Zambia, said: “We appreciate everyoneContinue Reading
The Democratic Republic of Congo (DRC) is considering legal action against Apple in both France and the United States, alleging that the tech giant has used “illegally exploited” minerals, according to the DRC’s lawyers on Thursday. In April, the DRC’s Paris-based legal team accused Apple of purchasing key minerals smuggledContinue Reading
The Zambian Cabinet has approved the creation of a special purpose vehicle (SPV) to boost the country’s revenue from its mineral resources, according to a Reuters report. The Cabinet announced that this new entity will facilitate a shift from the current dividend payment model for mineral resources to a production-basedContinue Reading
Prospect Resources (ASX:PSC) has acquired an 85% stake in the Mumbezhi copper-cobalt project in Zambia for US$6.5 million, paid in cash and shares, in late May. Situated within the renowned Zambian Copper Belt, one of the world’s most prolific copper mining regions, the Mumbezhi project spans 356 km². The landContinue Reading
KoBold Metals, the Bill Gates-backed mining exploration company, could spend US$2.3 billion to build a major new copper mine in Zambia, President Hakainde Hichilema said, citing figures from the company. The firm aims to produce more than 300,000 metric tons per year at Mingomba – making it the country’s biggestContinue Reading
Barrick has given some further information on progress with its route to net zero strategy in its just published 2023 Sustainability Report. In 2023, Barrick achieved the target it set for itself for 2025 of reducing its greenhouse gas emissions by 15%. Its Scope 1 and 2 greenhouse gas emissionsContinue Reading
