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Gold News
Minerals Council's Roger Baxter encouraged by board-level engagement with Transnet 
By: Martin Creamer Updated 5 hours ago Minerals Council South Africa CEO Roger Baxter said on Monday that the council is encouraged by the board level engagement it has undertaken so far with State rail enterprise Transnet and is hoping that this engagement will deliver some very specific results in stabilising rail performance in the... →
Ever greater global acknowledgement of need to decarbonise ever more urgently – Anglo
By: Martin Creamer Updated 7 hours ago Ever greater acknowledgement is being given to the need to decarbonise global energy and transport systems ever more urgently. At the same time, ever greater global recognition is being given to the fact that many of the products of mining are fundamental to enabling that shift. →
Burkina Faso denies favouring Russia's Nordgold over gold mine permit
By: Reuters 6th February 2023 Burkina Faso did not award a mining permit to Nordgold because it is a Russian company, its mines minister told Reuters on Sunday, rebuffing Western concerns that the ruling junta is seeking closer ties with Moscow. "We didn't give the permit to Nordgold because it is a Russian company, far from... →
Hummingbird pleased to have ended 2022 in a stronger position
By: Marleny Arnoldi 6th February 2023 Following restructuring of Aim-listed Hummingbird Resources’ contract mining operations in mid-2023, the company says it has finished the year in a substantially stronger position. In particular, the Yanfolila mine, in Mali, produced its best quarterly production for several years for the three... →
Rex hunting for Hillside partner
By: Esmarie Iannucci 6th February 2023 Junior Rex Minerals is hunting for a partner for its Hillside copper/gold project, in South Australia. The ASX-listed company is seeking direct participation through a minority interest in the project, and has already received a number of project participation and product offtake inquiries, Rex... →
Newmont makes nonbinding offer for Australia's Newcrest
By: Esmarie Iannucci 6th February 2023 Gold major Newcrest Mining on Monday confirmed it had received a conditional and non-binding indicative proposal from major Newmont, valued at about A$24-billion. Under the proposal, Newcrest shareholders would receive 0.38 Newmont shares for every Newcrest share held. This would result in the... →
Seriti Green raises need for Africa to appraise vanadium as electricity storage battery metal 
By: Martin Creamer 3rd February 2023 Wind farm builder Seriti Green, which is planning substantial electricity storage capacity at its big renewable energy project in Mpumalanga, has raised the need for vanadium to be appraised as a battery storage metal of choice in Africa owing to the difficulties of sourcing lithium batteries.... →
Russians bought record number of gold bars in 2022, data shows
By: Reuters 3rd February 2023 Russians bought an all-time record number of gold bars in 2022, finance ministry data showed on Friday, as tax cuts on precious metals encouraged people to stock up on bullion as a safe asset. Moscow scrapped its 20% VAT on physical gold trades for individuals last March in a bid to draw people... →
Visible gold struck in first hole drilled at Segele
By: Darren Parker 3rd February 2023 Ethiopia-focused gold exploration and mining company Akobo Minerals has hit visible gold in its first drill hole at the third mineralisation style 140 m from the main Segele area in Ethiopia. Akobo said in statement on February 3 that, following the recent announcement of the discovery of the... →
Twin Hills definitive feasibility study progressing – Osino
By: Donna Slater 3rd February 2023 TSX-V-listed gold explorer and developer Osino Resources is progressing with developing a definitive feasibility study (DFS) for its Twin Hills gold project, in Namibia, and is conducting trade-off studies and assessing risks and opportunities for infrastructure enhancement, water and power... →
Proudly South African technology catches eye of fusion project researchers
By: Martin Creamer 3rd February 2023 Innovative Proudly South African membraneless technology has caught the eye of the engineers involved in the huge global ITER fusion project as a possible solution to recover tritium from tritiated water. The membraneless technology is the brainchild of Hydrox Holdings engineers, based in... →
The Hydrox team (from left) CEO Corrie de Jager, process engineer Jason Cuomo, director/inventor George Anagnostopoulos, and director Paul van de Vyver.
Iamgold sees expansion potential at Gosselin
By: Creamer Media Reporter 3rd February 2023 The 2022 drill pogramme at the Gosselin zone discovery, immediately adjacent to Iamgold's Côté gold project, in Ontario, has demonstrated the expansion potential of the deposit. Some of the highlights include 342.2 m at 1.99 g/t gold in drill hole GOS22-105 from 206.9 m, including 101.8 m at 3.05... →
Dacian nudges shareholders to take action on Genesis bid
By: Esmarie Iannucci 3rd February 2023 ASX-listed Dacian Gold has reminded shareholders that the takeover offer from fellow-listed Genesis Minerals will close on February 20. Genesis is offering 0.0843 of its own shares for every Dacian share held, implying a value of 10.2c a share for the Dacian holding, and an equity value of... →
Resolute appoints London-based CFO
By: Esmarie Iannucci 3rd February 2023 Gold miner Resolute Mining has appointed Chris Eger as the company’s new CFO. Resolute said on Friday that Eger’s appointment comes following the company’s decision to move the CFO position to London, with Eger replacing Doug Warden, who has decided not to relocate. →
DRDGold to report higher interim earnings, revenue as rand gold price increases
By: Darren Parker 3rd February 2023 Gold producer DRDGold expects to report revenue of R2.65-billion for the six months ended December 31. In a February 3 trading update to shareholders, ahead of the planned publication of its interim results on February 15, the company noted that revenue had increased by 6% year-on-year. →
Value of US mine production jumps to $98bn – USGS
By: Creamer Media Reporter 3rd February 2023 US mines produced $98.2-billion in nonfuel mineral commodities in 2022, an estimated $3.6-billion increase over the 2021 revised total of $94.6-billion, the US Geological Survey (USGS) announced on Thursday, releasing its yearly mineral commodity summaries report. The report covers more than 90... →
Renewables projects, Mining Indaba make headlines
3rd February 2023 This week, Mining Weekly Editor Martin Creamer discusses the 155 MW wind farm that Seriti Green is constructing in Mpumalanga; the first phase of Blyvoor Gold Mine's solar energy project; and this year’s Mining Indaba, which kicks off in Cape Town next week. →
Gold Fields disputes Ghana tax bill
By: Reuters 3rd February 2023 Gold Fields on Thursday said it is disputing tax payments demanded by the Ghana Revenue Authority (GRA) after an audit and is working with the tax authority to resolve the matter. Gold Fields, which has three gold-mining operations in Ghana, said it could not disclose the size of the back taxes... →
South Africa’s century-old Rand Refinery runs at 75% as mines dim
By: Bloomberg 3rd February 2023 South Africa’s largest gold refiner is operating below capacity as output from local mines dwindles and supplies from elsewhere on the continent are scooped up by unaccredited rivals. The 102 year-old Rand Refinery in the east of Johannesburg – the only African refiner accredited with the London... →
Zimbabwe allows miners, exporters to keep more forex from exports
By: Reuters 3rd February 2023 Zimbabwe's central bank on Thursday said it will allow exporters, including miners, to keep 75% of their export earnings in foreign currency after the current cap of 60% drew complaints from the industry. The new measure, however, falls short of miners' demands to keep 80% of their export... →
Grindex pumps distributor widens SADC network
By: Tracy Hancock 3rd February 2023 Pumping applications solutions provider Integrated Pump Technology has been given the green light to distribute the submersible pumps range from Swedish pumps manufacturer Grindex in a further seven countries in the Southern African Development Community (SADC). “Our sole distribution agreement... →
Ramaphosa to deliver keynote address at Mining Indaba
By: Martin Creamer 2nd February 2023 South African President Cyril Ramaphosa has confirmed his attendance at the Mining Indaba taking place in Cape Town next week, from Monday to Thursday. Ramaphosa, accompanied by eight ministers and three deputy ministers, will deliver a keynote address on Tuesday, 7 February. →
Thor Explorations adjusts terms of senior debt facility
By: Darren Parker 2nd February 2023 Gold producer Thor Explorations has amended and restated the terms of the balance of its senior debt facility held with Africa Finance Corporation (AFC). On January 31, the parties entered into an agreement amending the previous terms of the project facility. →
Kefi presses on with Tulu Kapi financing efforts
By: Marleny Arnoldi 2nd February 2023 London-listed Kefi Gold and Copper says it has taken a huge effort over a much longer period than anticipated to overcome numerous market challenges in both Ethiopia and Saudi Arabia, where the company is developing projects. However, the company is nearing finalisation of financing for the... →
Galileo encounters high gold grades in Zambia
By: Tasneem Bulbulia 2nd February 2023 Aim-listed Galileo Resources reports that progress has been made on a number of new prospects, including the discovery of high-grade gold and associated copper mineralisation at the Shinganda copper/gold project, in Zambia, where it has the right to earn an initial 51% interest. Follow-up... →
New COO appointed to reposition Argonaut as lower cost miner
By: Creamer Media Reporter 2nd February 2023 Canada-based Argonaut Gold has appointed professional engineer and geologist Marc Leduc as COO. "Marc and I worked closely at Barrick Gold and most recently in a private venture. I believe that Marc has the right skill set to facilitate Argonaut's repositioning to a lower cost North American... →
AuTECO raises cash for Canadian gold hunt
By: Esmarie Iannucci 2nd February 2023 Junior AuTECO Minerals on Thursday announced plans for a A$9-million capital raise to fast-track exploration at its Pickle Crow gold project, in Ontario. The ASX-listed company has received firm commitments for the placement of 180-million fully paid ordinary shares, at a price of 5c each to... →
Agnico Eagle’s dealmaking brings top gold mines into fold
By: Bloomberg 2nd February 2023 Agnico Eagle Mines is about to get its “forever” wish — full ownership of one of North America’s biggest gold mines. The world’s third-biggest bullion producer has split ownership of the Canadian Malartic mine with Yamana Gold since 2014, but that’s about to change thanks to some swift... →
MCA calls for stable policy to boost investment
By: Esmarie Iannucci 2nd February 2023 The Minerals Council of Australia (MCA) has called on the federal government to implement a number of reforms in order to ‘seize a once in a generation opportunity’ to grow investment in the resources sector. In its 2023-24 pre-Budget submission, the MCA pointed out that Australia’s mining... →
Russian forces help secure Central Africa gold zone in new pact
By: Bloomberg 1st February 2023 Three nations have agreed with the help of Russian troops to secure a gold-rich region in the Central African Republic rife with armed rebel groups, the latest sign of Moscow’s expanding influence on the continent. A deal struck last month between the CAR, Chad and Sudan aims to fight armed... →
Barrick hosts human rights organisation at North Mara in Tanzania
By: Darren Parker 1st February 2023 Gold miner Barrick Gold has hosted UK-based nongovernmental organisation (NGO) Rights and Accountability in Development (Raid) at a two-day open-door visit to its North Mara gold mine, in Tanzania. The intention of the visit was for Raid to assess the impact Barrick has had since assuming... →
Wesdome appoints new board member
By: Creamer Media Reporter 1st February 2023 Canadian mining company Wesdome Gold Mines on Wednesday announced the appointment of Louise Grondin to the board of directors. Grondin retired from Agnico Eagle Mines in January 2021 as senior VP for people and culture. Since joining Agnico Eagle in 2001, she had held various leadership... →
Kefi pursues dual listing in Saudi Arabia
By: Marleny Arnoldi 1st February 2023 Aim-listed Kefi Gold and Copper is pursuing a dual listing of its shares in Saudi Arabia. The Saudi Exchange is currently the eleventh-largest stock exchange globally, with 223 listed companies and a market capitalisation of $2.63-trillion. →
Good grade uplifts Harmony’s gold output
By: Martin Creamer 1st February 2023 Despite the ongoing electricity shortages and supply chain disruptions, the total gold production of Harmony Gold has increased quarter-on-quarter, the Johannesburg- and New York-listed company, which will be presenting at next week’s Investing in African Mining Indaba in Cape Town, stated on... →
Aton reports final results from diamond drilling programme in Egypt
By: Tasneem Bulbulia 1st February 2023 TSX-V-listed Aton Resources has recorded “solid” final results of the Phase 2 diamond drilling programme at its advanced Rodruin gold exploration project, located in the company’s 100% owned Abu Marawat Concession, in the Eastern Desert of Egypt, interim CEO Tonno Vahk says. The final results... →
Blyvoor Gold secures approval for solar energy project
By: Martin Creamer 31st January 2023 Carletonville’s Blyvoor Gold Mine has announced the approval of the first phase of its solar energy project. Up to 40 MW will be generated near its mining operations on Gauteng’s West Rand, following Eskom’s first phase approval. →
Mining fatalities reach a new low of 49; injuries, disease also decrease
By: Donna Slater 31st January 2023 South Africa’s mining industry suffered 49 fatalities in 2022 – a 34% improvement on the 74 fatalities of 2021 and a record low, thereby continuing the downward trend many in the mining industry have been rallying behind. “There has been no mine disaster or an accident where five or more people... →
Sibanye, Harmony, Gold Fields among miners listed in the 2023 Bloomberg Gender-Equality Index
By: Creamer Media Reporter 31st January 2023 Precious metals miners Sibanye-Stillwater, Harmony Gold and Gold Fields are among the mining firms recognised in this year's Bloomberg Gender-Equality Index. Harmony has been included in the index for the fifth consecutive year. →
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