Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) again appeals to the government of Mali to sign an agreement facilitated and endorsed by the Ministry of Finance in February 2025. Along with the guarantee of Barrick, such as payment of $85 million as part…
Making one of the largest leaps of faith for the future of Zambia’s mining industry, the government issued Ivanhoe Mines a record 7,757 square kilometers of exploration licenses in the North-Western Province. The strategic block, three times the size of…
Rio Tinto 2024 Taxes and Royalties Paid Report is the company’s $8.4 billion payment to governments worldwide in taxes and royalties during 2024, down from $8.5 billion in 2023. Industry behemoth paid up to $6.3 billion (A$9.5 billion) in Australia alone, of which $3.7 billion (A$5.5 billion) was company tax. …
President Cyril Ramaphosa has underscored the critical role of infrastructure investment in driving South Africa’s economic revival. Speaking during a Questions for Oral Reply session in the National Assembly on Tuesday, the President emphasized the necessity of public and private…
The South African government, striving to invigorate the nation’s logistics sector, unveiled critical reforms aimed at enhancing export capabilities and economic stability. Transport Minister Barbara Creecy emphasized these developments during the launch of the World Bank report, “Driving Inclusive Growth…
Ivanhoe Mines (TSX: IVN) has reported a solid financial performance for 2024, booking a remarkable $193 million profit. However, despite these impressive figures, industry experts caution that the company’s ambitious growth plans and operational setbacks might hinder its long-term success.…
International Relations and Cooperation Minister, Ronald Lamola, has firmly rejected the proposal to withdraw South African soldiers from the Democratic Republic of Congo (DRC), stating that such an action would be “worse than surrender.” Addressing Parliament during an urgent debate…
Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) has significantly bolstered the Tanzanian economy, injecting over $4.24 billion since establishing the Twiga joint venture with the government in 2019. In 2024 alone, the contribution amounted to $888 million. Twiga, encompassing the North Mara…
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) faces a significant operational hurdle as restrictions continue to prevent the export of gold from its Loulo-Gounkoto mining complex in Mali. An interim attachment order further compounds the issue by freezing the existing gold stock on…
