Less than a year after B2Gold declared commercial production at its 80%-owned Fekola mine, the gold producer has updated the mine’s resource estimate.
Africa Mining News
The combined miner plans to focus on Tier 1 assets, those producing at least 500,000 ounces of gold annually, with a mine life of more than 10 years and low costs.
Responsible Artisanal Gold Solutions Forum announces first conflict-free supply chain from Dr Congo Artisanal Gold Mine to retail in USA
With support from USAID, a pilot project was implemented in South Kivu, DRC to establish a conflict-free supply chain for artisanal gold.
First commercial diamonds from the company's 70%-owned Mothae mine expected in early November.
Q3 sees lower profit due to lower prices for gold and copper alongside higher fuel costs.
Full operation begins October 31.
BMO Capital Markets has flagged a total of 13 mines that could be sold following the $6-billion merger.
Tribunal orders the companies to pay costs of around $3.5 million to the government.
No final decision has been made, and it’s also not clear whether all three of Acacia’s Tanzanian gold mines will be brought back into Barrick.
The world’s top diamond producer by value attributed the decline to planned volume reductions in Botswana and South Africa.
Company said feasibility study for its Boto gold asset outlines an economically robust, low cost production project which will produce 140,000 ounces of gold annually on average over a 13-year lifespan.
'There have been tenders, lots of meetings, lots of promotional activities, but it’s only today that we have for the first time a legal document'
Revenue rose 22 percent in the quarter to $80.2 million from $65.8 million a year prior, despite diamond prices being 5 percent lower when compared to the same period of 2017.
Under the deal, Lonmin will repay most of the loan by delivering platinum and palladium over a three year period to a subsidiary of Jiangxi Copper, China’s largest copper producer.
He is said to have already begun training three to four people to succeed him in the job.
The government says that diamonds worth more than $1 million had been seized in the course of Operation Transparency.
The aim of the project is to improve the livelihoods of the beneficiary community and regional economy - Mining Ministry
The company is also seeking direct talks with the country's government, as it's been excluded so far from negotiations between controlling shareholder, Barrick Gold, and President John Magufuli.
Mining companies operating in Zambia will still meet their operational costs even after the government imposes higher taxes.
The news comes barely a week after the company said another worker had been released on bail after being charged with corruption.
Decision comes after the companies received Wednesday a preliminary geological assessment of the property, which shows Heritage contains several targets for modern alluvial diamond placer deposits.
Education and health are the way forward for Nigeria.
Shareholders getting impatient over the Gold Fields failure to stem losses at the huge South Deep deposit in South Africa shouldn’t lose hope.
They hope they can still wring out a compromise in the world’s main source of cobalt and Africa’s biggest copper producer.
The East African nation's deposits are often in remote regions where the country's poorest live, but experts say few have reaped the rewards from mining.