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Dundee invests in Ecuador-focused INV Metals

Canada-based international gold mining company Dundee Precious Metals (DPM) has invested C$10-million in Ecuador-focused INV Metals, which is advancing the Loma Larga project. DPM’s investment, which formed part of a C$15.6-million private placement at C$0.40 a share, has turned the company into a strategic shareholder in INV, representing a 19.5% …

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Gold smuggling a drawback to Africa

A news agency recently carried out an investigation on the billions of money being lost from Africa resulting from gold smuggling. According to the report by news agency Reuters, billions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates (UAE) in …

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China’s gold market on the rise

China has become the largest gold producer and consumer in the world in the past two decades. On the backdrop, Roland Wang, Managing Director of China for the WGC said his company aims to work with government bodies, regulators and market practitioners to ‘develop China’s gold market on a long-term, …

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Diamond output leap helps Anglo

A sharp rise in rough diamond production at a time of stable diamond trading conditions has boosted diversified mining company Anglo American in the three months to June 30, when overall production was 8% up on a  copper-equivalent basis. Rough diamond production increased by 36% to 8.7-million carats, with production in Canada reporting …

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Eastern Congo now supplying conflict free gold

Partnership Africa Canada’s (PAC) first responsible and conflict free artisanal gold supply chain is now operational in Eastern Congo’s Just Gold project. The global leader in developing innovative approaches to strengthen natural resource governance said Just Gold project is the first to successfully trace conflict-free and legal artisanal gold from …

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B2gold’s Otjikoto golden child thriving in Namibia

Otjikoto operation is fulfilling its purpose as B2Gold’s African dream asset after delivering record production volumes in 2016 – with similar expectations on the cards. Triple-listed international gold miner B2Gold Corp. (B2Gold) is celebrating record production volumes (and process plant recoveries) at its Namibia-based open cast Otjikoto operation – well …

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B2Gold 2nd quarter output stable

B2Gold’s Otjikoto mine near Otjiwarongo produced 36,172 ounces of gold in the second quarter of 2016, almost in line with budget forecast of 37,426 ounces and production in last year’s 2nd quarter of 36,963 ounces. The goldminer states in its latest production update that gold production was largely unaffected despite the …

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