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Category: Gold

International Gold Mining Projects

Zimbabwe’s Mutapa Investment Fund Seeks $250 Million to Expand Gold Mining Operations

Zimbabwe’s Mutapa Investment Fund Targets $250 Million Financing to Boost Gold Production Mutapa Investment Fund is seeking to raise $250 million to expand its gold mining operations as part of a broader strategy to strengthen Zimbabwe’s mining sector and increase output of one of the country’s key export commodities. The state-owned sovereign wealth fund, which controls Mutapa Gold Resources, has already initiated discussions with local financial institutions. The first phase of the financing plan involves

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Gold International News

Sudan’s Gold Sector Becomes Economic Lifeline Amid Prolonged Conflict

Sudan Relies on Gold Revenues as War Enters Fourth Year, Smuggling and Investor Shifts Reshape Sector Sudan’s gold industry is emerging as the government’s primary source of revenue as the country’s civil war enters its fourth year. Strong performance from artisanal mining and renewed efforts to attract foreign investment are reshaping the sector’s role in the national economy. The Sudanese Mineral Resources Company (SMRC) reported that revenues from artisanal mining reached 113% of first-quarter targets

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Gold Economy International

DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets

DR Congo Partners with UAE-Based Paradigm Holdings to Boost Gold Exports Through Dubai Trading Hub The government of the Democratic Republic of the Congo has signed a gold supply agreement with UAE-based Paradigm Holdings, marking a new step in efforts to expand the country’s access to international bullion markets through Dubai. The deal highlights the growing role of the United Arab Emirates as a key intermediary in global gold trade, connecting resource-rich African producers with

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International Gold News

Burkina Faso Moves to Increase State Stake in Kiaka Gold Mine Amid West African Resources Expansion Plans

Burkina Faso Seeks 40% Stake in Kiaka Gold Mine as West African Resources Suspends Trading Over Ownership Shift Burkina Faso has notified West African Resources Limited of its intention to increase the state’s stake in the Kiaka gold mine from 15% to 40%, marking a significant escalation in government participation in one of West Africa’s key gold assets. The development comes as the Australian-listed mining company prepares for a sharp increase in production across its

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Local Economy Gold News

Angola to Launch First Gold Refinery as Part of Economic Diversification Strategy

Angola opens first gold refinery in 2026 to boost mining value, reduce reliance on oil and diamonds Angola, Africa’s second-largest oil producer, is set to operate its first gold refinery in the first half of 2026, signaling a push to diversify its economy and extract more value from mineral resources. The refinery, located in Viana near Luanda, has a processing capacity of approximately 20 kilograms per day. Construction and equipment installation have been completed, with

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International Economy Gold

BRICS Plus Nations Expand Gold Reserves as Central Banks Accelerate Shift Away from Dollar

BRICS Plus gold reserves surpass 6,000 tonnes as central banks boost purchases and dollar share declines Members of the BRICS Plus trade bloc now hold more than 6,000 tonnes (t) of gold, representing about 17.4% of total global central bank reserves, up from 11.2% in 2019, according to a market note by financial services group EBC Financial Group. Russia leads the bloc with 2,336 t of gold reserves, followed closely by China with 2,298 t,

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Gold International News

High Gold Prices Drive Shift Toward Surface Mining in South Africa

Record Gold Prices Push South African Miners to Focus on Shallow Projects as Production Stagnates Record-high gold prices are prompting South Africa’s struggling mining sector to explore new methods of recovering the metal that avoid the high costs and operational risks associated with traditional deep-level mining, industry executives say. However, with limited investment in new mine development, the sector is unlikely to significantly increase output in the near term. This continues a long-term decline for

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International Gold News

Mozambique Gold Output Declines After Mining Suspension in Manica

Mozambique Gold Production Falls 17% in 2025 as Government Halts Mining in Manica Over Environmental Damage Mozambique’s gold production declined by 17% to 1.349 tonnes in 2025, falling short of official targets after mining operations in Manica Province were suspended due to environmental concerns, according to government data. Figures contained in the government’s budget execution report for 2025 show that gold production reached only 82% of the planned target, interrupting a pattern of steady annual

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Corporate News Gold International

Ghana’s Damang Gold Mine Transitions to Local Ownership Under Engineers and Planners

Ghana’s Damang Mine Set for Local Takeover as Engineers and Planners Prepares Operations Ghana’s mining sector is undergoing a landmark shift as Engineers and Planners Company Limited (E&P) prepares to assume operational control of the Damang Mine in the Western Region. The transition follows the exit of South African miner Gold Fields Limited, which has operated the mine for nearly three decades. The handover comes after the expiry of Gold Fields’ mining lease, with the

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Gold International

Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions

Ghana’s GoldBod Plans Backup Export Routes as Dubai Flight Disruptions Threaten Artisanal Gold Trade Ghana’s state-run artisanal gold exporter, GoldBod, is preparing to shift shipments to alternative refining hubs if flight disruptions to the United Arab Emirates (UAE) continue, two sources familiar with the matter said. The move highlights Africa’s dependence on Dubai amid heightened Middle East tensions. Dubai, a major global gold trading hub supplying Switzerland, Hong Kong, and India, has experienced a seven-day

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