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Category: Mining

Diamonds Local Mining

Endiama Chairman Warns of Diamond Mining Threat in Lunda Norte

The Chairman of the Board of Directors of Endiama, a state-owned diamond company, expressed grave concerns regarding diamond mining activities in concession areas within the Lunda Norte province. These concerns primarily stem from alleged complicity among certain authorities. Jose Gange Júnior voiced his apprehensions during the biannual review session on diamond production, currently underway for three days in Dundo, the capital of Lunda Norte. According to the official, the situation is particularly troubling in the

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Diamonds Economy Local Mining News

Angola Raises Concerns Over Campaign Targeting ‘Authentic Diamond Industry

The Minister of Mineral Resources, Petroleum, and Gas (MIREMPET) made an appeal yesterday for a concerted effort to combat the promotion campaign of the commercial value of synthetic diamonds over natural ones in the international market, conducted by institutions interested in influencing market prices. Edições Novembro Diamantino Azevedo spoke to the media on the sidelines of the meeting of the Ad-Hoc Committee for the Review and Reform of the Kimberley Process Certification System, which concludes

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Gold International Mining News

Gold Fields Announces Mike Fraser as New CEO

SE- and NYSE-listed Gold Fields has appointed Mike Fraser as CEO and executive director of the company, effective from January 1, 2024. Fraser is currently the CEO of Aim-listed Chaarat Gold Holdings. Prior to that, he was the President and COO of South32’s key metal businesses. He will be taking over from Martin Preece, who assumed the position of interim CEO on January 1 of this year, following the resignation of the former CEO, Chris

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Gold International Mining News

Gold Fields Announces Strategic Investment in the Great Southern Project

Gold miner Gold Fields will spend up to A$15 million to earn a 75% interest in the Edinburgh Park gold project, in north Queensland, owned by ASX-listed Great Southern Mining. Under the earn-in agreement, Gold Fields will sole-fund up to A$15 million in exploration expenditure over a six-year period, to earn the majority stake in the project, which incorporates nine granted exploration licences and two exploration licence applications covering 1,750 km2. The licences surround the

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Gold International Mining

Fortuna achieves new Production record

Canada-based miner Fortuna Silver Mines has achieved a new gold production record, with its five mines in West Africa and Latin America producing a combined 128 671 gold-equivalent ounces (GEOs). This is a 38% increase compared with the second quarter and a 26% improvement on the same production a year earlier. The NYSE- and TSX-listed firm produced 94 821 oz of gold and 1.7-million ounces of silver during the three months under review. Gold production

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International Mining

Nigeria warns international entities supporting banditry-linked Illegal Mining

The Ministry of Solid Minerals Development of the Federal Government of Nigeria has issued a warning to international entities that support banditry in order to carry out unlawful mining in the nation. Alaba Balogun, the ministry’s head of press and public relations, issued this warning via a statement he released last week. The warning, according to the Punch NG, a Nigerian newspaper, was issued by Minister Dr. Oladele Alake and was relayed during a courtesy

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Gold International Mining News

Gold Fields Set to Determine Future of Ghana Mine in the Next Four Months

Gold Fields will decide whether to keep or dispose of its stake in its smallest gold asset within the next four months, according to interim CEO Martin Preece. The Johannesburg-listed firm is “exploring all the options” for the Asanko gold mine in Ghana, including a total divestiture or a move to boost its ownership. The company entered into a joint venture agreement to operate the mine with Vancouver-based Galiano Gold in 2018. It produced 170,342

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Gold International Mining News

Roxgold Celebrates Grand Opening of Gold Mine in Côte d’Ivoire, Canada’s Latest Achievement

Canada’s Roxgold opened its gold mine in the northwestern region of Côte d’Ivoire on Friday, aiming to produce about 130,000 oz/y of gold, the company said on Friday. “We have more than 10 years of mining production ahead of us at Seguela, and our ambition is to continue exploring and developing. The Seguela gold mine is about 500 km north of the commercial capital, Abidjan. Côte d’Ivoire, the world’s top cocoa producer, is seeking to

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Economy International Mining News

Gemfields’ Most Recent Emerald Auction Nets $25.5 Million in Earnings

Gemstone producer Gemfields earned revenues of $25.5 million from its latest auction of commercial-quality rough emeralds recovered from the Kagem mine, in Zambia. All 43 lots put on offer were sold, resulting in an average price of $7.51/ct. “We are very pleased indeed to see yet another set of auction results that demonstrate that the emerald market remains in excellent shape and wish our auction partners much success during this important tradeshow season,” comments Gemfields

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Gold International Mining News

Gold Fields Announces a Temporary Setback in Chile Project’s First Gold Production

Diversified gold producer Gold Fields has downgraded its 2023 and 2024 production expectations for its new Salares Norte mine in Chile due to a delay in the first gold from the project. In a project update on Friday, the JSE- and NYSE-listed mining firm explained that certain components required commissioning by the original equipment manufacturer (OEM) vendor to maintain the validity of their warranties. “Challenges in securing the OEM vendor representatives, due to previously announced

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