MANAGEMENT

Rosebel ramps up

Operations resume in southern pits after suspension

Staff reporter

This article is 5 years old. Images might not display.

The operation was suspended for security reasons in early August after an incident involving police where an unauthorised artisanal miner died and some equipment was damaged.

Rosebel partially resumed operations four weeks ago and was expected to be fully ramped up in 30 days, Iamgold said.

The company had last month reduced its 2019 attributable production guidance from 810,000-870,000 ounces to 765,000-810,000oz due to the situation at Rosebel.

It had let 325 contractors go in mid-August but said yesterday a recall plan was in place for all 325.

Iamgold said mine development activities at Saramacca, 25km away, had also resumed and an agreement was in place with the local community, enabling Saramacca ore to be hauled to the Rosebel mill in early November.

"We are pleased to have strengthened our partnership with the local communities and government through this process, and look forward to our continued work together," president Stephen Letwin said.

The government owns 5% of Rosebel and 30% of Saramacca.

Iamgold was reportedly in the acquisition sights of China National Gold Corp mid-year, with China Gold International Resources executive vice president Jerry Xie telling MM's sister title Mining Journal last week the rumour was indicative of the appetite of its parent company.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production