Executives from Saudi Arabian miner Manara Minerals are in Islamabad, Pakistan, to continue talks about buying a stake in the country’s Reko Diq copper-gold project, reported Reuters. The news agency noted that Barrick Gold, which owns the project jointly with Pakistan, considers it as one of the world’s largest underdeveloped copper-gold areas. Located in Pakistan’s southwestern Balochistan province, Reko Diq…
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Barrick has confirmed it is accelerating progress for the Lumwana copper mine’s Super Pit project in Zambia, estimating first production in 2028. Barrick President and CEO Mark Bristow advised Zambian president Hakainde Hichilema of the fast-track during a meeting on 23 January. The project includes transforming Lumwana into one of the world’s major copper mines, with projected annual production of…
Read MoreA long-term global fleet agreement between Barrick Gold and Sandvik Mining and Rock Solutions has been extended in a deal the pair say will improve safety, productivity and sustainability. The fleet alliance will be guided by operational and relationship KPIs, Sandvik noted, and includes Barrick’s rollout of Sandvik’s Remote Monitoring Service (RMS) to its entire global underground fleet of more…
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Canadian-based, Papua New Guinea-focused K92 Mining has appointed David Medilek as its president and chief operating officer. Medilek joined K92 in 2019 and was most recently president. Prior to that he was the company’s vice president of business development and investor relations. His career has also included positions with Macquarie Group, Cormark Securities and Barrick Gold. K92 has also selected…
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Barrick Gold CEO Mark Bristow has spoken with some of First Quantum Minerals’ major investors to gauge their support for a potential takeover as the gold giant seeks to become a major copper producer, reported Bloomberg. Canadian-based First Quantum has been left vulnerable after Panama ordered the closure of its new Cobre Panama mine last month, wiping out more than…
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Barrick Gold said it has begun recommissioning the Porgera gold mine in Papua New Guinea following the formal completion of a commencement agreement. Porgera, an open pit and underground gold mine, has been in care and maintenance since April 2020. Barrick said it anticipates mining and processing to restart in the first quarter of 2024. The equity in the mine…
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Following an agreement on new ownership structure, Barrick Gold announced that its Porgera mine in Papua New Guinea will resume operations this month with first gold to be poured in Q1 2024. “It’s been a long journey but in the process we have secured the buy-in of all the stakeholders and we look forward to steering the mine back to…
Read MoreBarrick Gold’s Nevada Gold Mines has confirmed receipt of its plan of operations for the new Goldrush underground mine at the Cortex complex in Beowawe, Nev., from the U.S. Bureau of Land Management, allowing it to advance to active status.
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Assay services provider MSALABS has forged a partnership with Barrick Gold and Chrysos to deliver the latter’s PhotonAssay technology to Barrick mine sites across four continents. The partnership will commence with the deployment of three PhotonAssay units to the Nevada Gold Mines complex in the United States.
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Barrick said Nevada Gold Mines, its majority-owned joint venture with Newmont, has commissioned the first seven of a new 22-unit Komatsu 930E fleet of electric mine trucks ahead of schedule. The rest of the fleet is due later this year. Full story.
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