Mali’s industrial gold production is expected to drop around 3% to 59 tonnes in 2019, down from 60.8 tonnes last year, a mines ministry official said on Friday. Advertisements
Ugandan authorities said on Wednesday they are investigating the country’s biggest gold refinery over recent imports of an estimated 7.4 tonnes of gold, worth some $300-million.
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Xtract Resources has concluded a memorandum of agreement with KPZ International to enter into an option agreement for the Eureka copper/gold project area, in Zambia.
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Gold is bought as a luxury good as much as an investment, and, as such, can play four fundamental roles in an investment portfolio, an analysis published by the World Gold Council (WGC) shows.
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A project to mine gold deposits in the municipality of Nambuangongo, in Angola’s Bengo province, is expected to start operating in August, with an annual production of 450 kilograms of gold expected, according to the chief executive of Angola’s national iron company Empresa Nacional de Ferro de Angola (Ferrangol).
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Xtract Resources on Tuesday reported alluvial mining contractors operating at its Manica project, in Mozambique, had produced about 1 328 oz of gold in the quarter ended December 31.
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Ghanaian President Nana Akufo-Addo pledged that the incursion of illegal miners which forced AngloGold Ashanti Ltd. to evacuate its Obuasi operation won’t be repeated.
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Mali’s industrial production of gold rose 23% last year to 60.8 t, Mines Ministry spokesperson Boubacar Sissoko said on Friday.
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Mozambican state-owned Empresa Moçambicana de Exploração Mineira (EMEM) will set up a commercial warehouse in the province of Manica for the purchase and sale of gold mined in the province, the deputy minister of Mineral Resources and Energy announced on Thursday.
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Nigeria’s first gold refinery is expected to more than triple its capacity within five years after operations begin next June, an executive at the company developing it said on Tuesday.
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