Barrick appoints former World Bank exec to board

Recurrent industrial action by the workforce of a subcontractor it's jeopardizing Tongon's 290,000-ounce production forecast.

BMI presents the recent changes to the DRC’s mining code as an example of a situation that challenges all the parties involved, but that is very unlikely to cloud miners’ interest in venturing in the country.

They want to operate under conditions that allow them to take better care of the environment and contribute to the local economy.

A document by Brazilian environmental watchdog Ibama seen by Reuters said Anglo American would only be allowed to resume operations once it demonstrates the pipeline's security.

Mugabe was touring the farm when she ran into the miners.

“Despite the best efforts of both parties, negotiations failed to define a viable transaction," management said in a media statement.

At year-end, the company had net cash of more than $700 million and no debt.

The proposal, signed by companies responsible for 85% of the DRC's copper, cobalt and gold output, suggest that sliding royalties will give the government a higher share of revenues.

Companies are teaming up to develop one of the country’s newest gold mine, the Asanko Gold Mine (AGM).