GOLD

WGC members vow to improve transparency on gold supply chain

Posted on September 19, 2023September 19, 2023 by Mozambique Resources Post

The World Gold Council (WGC) has announced that its members, which account for the majority of the world’s large-scale gold miners, have committed to taking steps towards providing enhanced transparency in the gold supply chain. All 33 WGC members with operating mines, which collectively produce about 1 300 t/y of gold, have committed to publishing the names and locations of their refining partners on at least a yearly basis, and to include all operations where the primary revenue comes from the production of gold. They have also committed…

Mali: “Gold production to drop 3 pct in 2019” — mines ministry

Posted on March 23, 2019March 23, 2019 by Mozambique Resources Post

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.

Uganda: Govt probes refinery over alleged smuggling of gold

Posted on March 15, 2019March 15, 2019 by Mozambique Resources Post

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.

Zambia: Xtract enters option agreement for Eureka project

Posted on March 6, 2019March 6, 2019 by Mozambique Resources Post

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.

Global Market: “Gold remains an important strategic asset” – WGC

Posted on February 7, 2019February 7, 2019 by Mozambique Resources Post

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.

Africa Mining: Angolan consortium starts mining gold deposits

Posted on January 31, 2019January 31, 2019 by Mozambique Resources Post

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).

Mozambique Mining: Xtract Resources reports ‘modest’ December quarter output

Posted on January 30, 2019January 30, 2019 by Mozambique Resources Post

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.

Africa Mining: Ghana President pledges no repeat of incursions at AngloGold mine

Posted on January 25, 2019January 25, 2019 by Mozambique Resources Post

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.

Africa Mining: Mali’s gold production up 23% in 2018

Posted on January 21, 2019January 21, 2019 by Mozambique Resources Post

Mali’s industrial production of gold rose 23% last year to 60.8 t, Mines Ministry spokesperson Boubacar Sissoko said on Friday.

Mozambique Mining: Govt sets up gold trading warehouse in Manica

Posted on January 21, 2019January 21, 2019 by Mozambique Resources Post

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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