B2Gold’s Otjikoto delivers nearly N$2 billion revenue in 3 months: For the first three months of 2024, the Otjikoto Mine in Namibia, in which B2Gold holds a 90% interest amassed revenue of nearly N$2 billion (about US$106 million) achieved through 51 450 onces of gold, the gold miners’ financial statements for the first quarter reveal. Open pit mining operations at
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Otjikoto mine produces record 208,598 ounces of gold B2Gold Corp.’s Otjikoto Mine in Namibia, in which the Company holds a 90% interest, had a strong finish to 2023 and produced an annual record of 208,598 ounces of gold, at the upper end of the guidance range of 190,000 to 210,000 ounces, mainly due to improved processed grade as a result of higher-grade ore mined from the Wolfshag underground mine. According to the Company’s full year results for the year ended December 31 released yesterday, mill feed grade was 1.91 g/t, mill throughput was 3.44 million tonnes, and gold recovery averaged 98.6%. #mining #namibia #output #gold Chamber of Mines Namibia https://lnkd.in/dYgiCXa7
Otjikoto mine produces record 208,598 ounces of gold
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$𝟭𝗯𝗻 𝗚𝗼𝗹𝗱 𝗙𝗶𝗲𝗹𝗱𝘀 𝗖𝗵𝗶𝗹𝗲𝗮𝗻 𝗽𝗿𝗼𝗷𝗲𝗰𝘁 𝘀𝘁𝗮𝗿𝘁 𝗱𝗲𝗹𝗮𝘆𝗲𝗱 𝘁𝗼 𝗔𝗽𝗿𝗶𝗹 - Gold Fields postponed first gold production at Salares Norte project in Chile from December 2023 to April 2024 due to commissioning issues. - Unique challenges such as relocating critically endangered chinchillas and overcoming construction obstacles caused delays. - Production estimates for 2024 have been revised down to 220,000-250,000 ounces of gold equivalent. - The Chilean project, located in the Atacama region, is crucial for Gold Fields' presence in South America. - Gold Fields aims to produce around 600,000 ounces of gold annually starting from 2026 from the Salares Norte mine. - Chile's gold production has declined, ranking 23rd globally as of December 2023. Read the full story here… https://buff.ly/48qn8Pq #mining #gold
Gold Fields delays start of $1bn Chilean project to April - Canadian Mining Journal
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The Canadian mining company has firmly set its eyes on reaching gold production at its Oko West Gold Project by 2027. The company has an estimated 4.2 million ounces of gold. In February 2024, Reunion announced an updated Mineral Resource Estimate (MRE) containing a total of 4.3 M oz. of gold in Indicated Resources grading 2.05 g/t and 1.6 M oz. of gold in Inferred Resources grading 2.59 g/t.
Canadian company handed massive gold field in Guyana, sells 57% of its shares for US$638M days after inking agreement with Govt. - Kaieteur News
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Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) told investors that it has committed to implementing the global industry standard on tailings management (GISTM) at its operations at Gedabek, Azerbaijan. These standards, which were established by the UN Environment Programme, the International Council on Mining and Metals and the Principles of Responsible Investment, aim to achieve zero harm to people and the environment. Under GISTM, operators take responsibility and prioritise the safety of tailings facilities, through all phases of a facility's lifecycle, including closure and post-closure, as well as disclosing relevant information to support public accountability. The gold, copper and silver producer said it already complies with all local tailings dam regulations, and the aim is to reach full GISTM compliance by the end of 2026. More at #Proactive #ProactiveInvestors #AIM #OTC #AAZ #AGXKF #AngloAsianMining #Azerbaijan #Mining #gold #copper http://ow.ly/WGiG1059H99
Anglo Asian Mining pledges to implement new industry standard on tailings at Gedabek
proactiveinvestors.co.uk
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Even if our involvement it is been something different than what the article state, as MJO Ingeniería y Consultores en Metalurgia we have been very fortunate on supporting this very interesting namibian copper project. As process consultant we designed and supervised the experimental work, evaluate different process alternatives (trade-offs) and prepared Process Design Criteria (PDC) for the engineering stage. All this supported by detailed metallurgical and process modeling using #METSIM. #Copper #Mining
Craton Mining and Exploration (Pty) Ltd, holds mining licenses ML197 and EPL 8550 and a 30,000-ha license area that makes up the Omitiomire Copper Project. #copper #Namibia OMICO Greenstone Resources Limited International Base Metals Limited (IBML) #OmitiomireCopperProject IFC - International Finance Corporation Ingo Hofmaier, MA, CFA #MathysduPreez #AlanStephens #GaryVallerius #MikeStuart
Omitiomire – Namibia’s next copper mine
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With a score of 78.5 points out of a possible 100, Uganda has been commended by the Oslo-based Extractives Industry Transparency Initiative (EITI) Board following a recent validation of the country but, persistent issues surrounding transparency in the disclosure of oil and mining contracts as well as discrepancies in gold production and export data affected its overall score. Uganda’s validation score published by the EITI Board on May 21 was based on the implementation of the 2019 EITI standard. According to the EITI validation classification, a score of 0 – 49 is categorised as “low”; 50 – 69 is “fairly low,” 70 – 84 is ranked as “moderate,” 85 – 92 is classified as high, while 93 – 100 is very high.
Uganda scores average on oil and minerals contract openness
independent.co.ug
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Total value of mineral resources in Saudi Arabia, which are scattered in more than 5,300 locations, is estimated at about SR5 trillion, according to a report of the Ministry of Industry and Mineral Resources. #saudiarabia #saudi ##saudivision2030 #minerals #mining https://lnkd.in/di6-WB2E
Industry ministry: Value of Saudi mineral resources accounts for SR5 trillion
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Big News Alert! 🚀 Saudi Arabia has just unveiled six new mining opportunities, signaling a golden era for the mining industry as firms set their sights on the Kingdom's staggering $2.5 trillion mineral wealth. This development underscores Saudi Arabia's emergence as a powerhouse in the global mining arena, offering lucrative opportunities for growth, investment, and sustainable development. Join us at The Mining Show on 26-27 November, to discuss unlocking the potential of Saudi Arabia's mineral wealth! 💼💎 #MiningOpportunities #SaudiArabia #Investment #SustainableDevelopment #TheMiningShow Erik Heath Geraldine Lopez Edward H. Patrick Mcgettigan
Saudi Arabia announces 6 mining opportunities as firms eye $2.5tn mineral wealth
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#CriticalMinerals global market is a battlefield for survival of many international corporations in energy transition times. 1. Developed economies are in a dire straits to create resilient and diversified mineral supply chains at any cost, often ignoring the impact on developing ones. They had to secure uninterrupted supply of critical minerals: lithium, cobalt, nickel and graphite for batteries; silicon, tin and gallium for electronics; rare earth elements for electric motors and so on. 2. The rich North has (re)discovered that the United Nations system organizations and their programs, previously abandoned and even defined as "useless", can be suitably (ab)used for blocking doors open to the poor South resources. 3. Recently, UNIDO's Member States in Vienna have been seriously alarmed by a controversial Accelerate - to - Demonstrate (#A2D) Facility, imposed by the UK Department for Energy Security and Net Zero, to be financed from #UNIDO budget and by Ayrton Fund, disguised as a project driving forward clean energy innovations, all under British Embassy Vienna watchful eyes. 4. Future Minerals Forum, championed by the Kingdom of #SaudiArabia, aims at creating resilient and responsible mineral value chains in Africa as well as Western and Central Asia. 5. Some countries, such as Indonesia, Chile and the Democratic Republic of the Congo (DRC) that are home to large deposits of the minerals needed for technologies like electric vehicles and solar panels - have began to strategically self-defend their interests, and environment. Chile, for instance, plans to nationalize its lithium industry - reveals the Report published by World Economic Forum during the #WEF24 Annual meeting that just wrapped up in Davos. 6. “#Saudi Arabia is making sure that the country is seen as determined in its efforts to become the leader of the 'super region', which has become the new buzzword, comprising Africa, the Middle East, Central Asia and South Asia ... ” A Project With A View - A2D Facility - Facts & Faqs: ▶️https://lnkd.in/dsXFci6s. #FutureMineralsForum #NetZero #A2DFacility #SupplyChains #CleanHydrogen #SmartEnergy #IndustrialDecarbonization #ProgressByInnovation #UNIDOVentureLabs #SDG9 UNIDO Environment UNIDO's Industrial Decarbonization Accelerator The Global Programme for Hydrogen in Industry UNIDO Global Cleantech Innovation Programme (GCIP) Department for Science, Innovation and Technology Department for International Development (DFID) Ministry of Economy and Planning - MEPsaudi Ministry of Industry and Mineral Resources Ma'aden Saudi Fund for Development
Saudi Arabia’s strategy to invest in exploration and mining of key mineral resources within the country and abroad could make the kingdom a key player in the global minerals supply chain, analysts say. — By The National News More⬇️: https://lnkd.in/deQKc_BT #FutureMineralsForum
Can Saudi Arabia emerge as a mining powerhouse amid global race for minerals? | The National
thenationalnews.com
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Ora Banda Mining Ltd (ASX:OBM) is on track to deliver the first stoping ore next month from the Riverina Underground operations in Western Australia with all capital projects complete and steady-state production expected in the June quarter. Development is ramping up as additional levels are accessed, with 575 metres in January representing a 97% increase from the July-December average of 292 metres. Pointing to a positive future, the first batch sample of Riverina development ore through the processing plant returned 16,727 tonnes at 2.74 g/t #gold and 93.9% recovery resulting in 1,383 ounces gold produced. More at #Proactive #ProactiveInvestors #ASX #OBM #GoldMining #GoldStocks #GoldProduction http://ow.ly/zhTf105gZPk
Ora Banda Mining on track for first stoping ore in March and commercial gold production next quarter
proactiveinvestors.com.au
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