https://www.miningweekly.com

Forbes & Manhattan congratulates Yamana Gold on decade of Jacobina ops, Brazil

31st March 2015

By: Henry Lazenby

Creamer Media Deputy Editor: North America

  

Font size: - +

TORONTO (miningweekly.com) – Private merchant bank Forbes & Manhattan Inc on Monday congratulated Yamana Gold for achieving the ten-year anniversary of the first gold bar poured from the reactivation of the Jacobina mine, in Bahia state, Brazil.

The Jacobina mine was acquired by Williams Resources in 1996, and subsequently sold to Desert Sun Mining in 2002; two companies belonging to the Forbes & Manhattan Group of Companies. From 1996 to 2006, Forbes & Manhattan's engineering and geological teams developed the Jacobina mine into a long-life, 4 200 t/d operation, which Yamana acquired for $736-million in 2006.

"We believe this milestone is a testament to the strong technical team of our organisation who successfully turned an undervalued resource asset into a successful, long-lasting, operation. Nearly the entire Forbes & Manhattan team who contributed to Jacobina's success continue to focus their expertise on various mining companies in our group, including Sulliden Mining Capital, Belo Sun Mining and Coastal Gold.

“We are confident that their extensive experience at all levels of mine development and operations will lead to many more successes,” Forbes & Manhattan chairperson Stan Bharti commented.

Edited by Creamer Media Reporter

Comments

Latest News

FACTBOX: Top deals in the global mining sector
FACTBOX: Top deals in the global mining sector
26th April 2024 By: Reuters
The combined entity will have a leading portfolio of tier-one assets, focused on iron-ore, metallurgical coal and future facing commodities, including potash and copper.
BHP makes £31bn offer for Anglo American
25th April 2024 By: Mariaan Webb

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.138 0.182s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: