Friday , February 7 2025

Gold

Akobo Minerals Strikes Gold: Second Bar Pouring Strengthens Production Outlook

Scandinavian-based Ethiopian gold explorer and miner, Akobo Minerals AB (publ), has announced a significant milestone in its operations. The company produced a total of 2,833 grams of gold in October, a testament to its growing operational capabilities. A key highlight of the month was the pouring of the second gold …

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Akobo Minerals Pours First Gold Bar, Poised to Become Ethiopia’s Leading Producer

Akobo Minerals, a Scandinavian gold exploration and mining company with a growing presence in Ethiopia, has announced a significant milestone – the successful production of its first gold bar from the Segele Mine. This achievement marks the beginning of commercial gold production for the company, solidifying their position as a …

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Akobo Minerals Gold Mine Delayed but Poised for Profitable Takeoff

Akobo Minerals, the Scandinavian gold explorer with its sights set firmly on Ethiopia, has encountered a temporary setback in its production timeline. Nationwide fuel shortages and evolving customs procedures threw a spanner in the works, delaying the mine’s official launch. However, amidst the recent hurdles, Akobo has not been twiddling …

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Green Light for Gold: Kefi’s Ethiopian Project Poised for Launch

A glimmer of gold shines bright on the horizon for Kefi Gold and Copper, as the company’s flagship Tulu Kapi project in Ethiopia has secured the final nod from the lead lender’s credit committee. This crucial green light unlocks a $320 million financing package, paving the way for the development …

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TWIGA TRANSFORMS TANZANIAN MINING, SETS STANDARD FOR INDUSTRY

Twiga Minerals, the joint venture between the Tanzanian government and Barrick Gold Corporation, has revitalized the country’s gold mining industry through a partnership that should serve as a model for similar operations, particularly in developing regions, Barrick president and chief executive Mark Bristow said today. Briefing media at a mine …

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KIBALI SET TO ROLL OUT NEW 10-YEAR PLAN ON BACK OF PRODUCTION RAMP-UP AND RESERVE REPLACEMENT

Barrick Gold Corporation, Africa’s biggest gold mine, Kibali, stepped up production significantly in the past quarter as part of its planned ramp-up and is well on track to achieve its annual guidance.  At the same time, successful exploration is expected to more than replace reserves depleted by mining again this …

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Barrick honoured for tax citizenship in Mali

Mali government has honoured Barrick Gold Corporation’s Loulo Gounkoto Mine for its role in enabling the country’s tax department to achieve its revenue targets for 2022. Loulo-Gounkoto gold mining complex has become one of the largest taxpayer in Mali, The country’s Director of Large Enterprises presented both Loulo and Gounkoto …

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Tanzania’s Barrick Gold delivers record production

Barrick Gold Corporation’s two gold mines in Tanzania, North Mara and Bulyanhulu, ramped up combined output to 547,0001 ounces in 2022, achieving another step towards their potential Tier One2 status in the group’s asset portfolio as a combined complex. At the same time, exploration is continuing to deliver opportunities to …

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Shanta Gold to accelerate growth with windfall from Stanbic Bank

Shanta Gold, an East African gold producer, developer, and explorer, has signed binding definitive documents with Stanbic Bank Tanzania for a $20 million loan facility to help it expand its portfolio. Shanta CEO Eric Zurrin says the four-year $20 million facilities is a significant step forward for the company because …

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Tanzania steps up fight against gold smuggling

An official claimed on Sunday that eight dealers were arrested in Geita, Tanzania’s northern province, for smuggling an undefined amount of gold out of the country. The arrest was reported by Doto Biteko, the Minister of Minerals, at a meeting with small-scale miners in the gold-rich Geita region’s Lwamgasa district. …

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