https://www.miningweekly.com
Exploration|Gold|Mining|PROJECT|Maintenance
Exploration|Gold|Mining|PROJECT|Maintenance
exploration|gold|mining|project|maintenance

Resolute launches review of Bibiani

13th December 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold miner Resolute Mining has initiated a strategic review of its Bibiani gold mine, in Ghana, assessing plans to recommission the mine.

The ASX- and LSE-listed gold miner said that the review would assess capital requirements, evaluate funding alternatives and investigate recently received expressions of interest from third parties seeking to acquire the asset.

The company told shareholders that the review would look to maximise value for Resolute shareholders, while ensuring that all local stakeholders continued to benefit from the economic and social advantages that re-establishing the operation would provide.

No binding agreement has been entered into regarding the financing or divestment of Bibiani, the miner said.

The project was acquired by Resolute in 2004, and was placed on care and maintenance shortly after, to allow exploration activities to enable the development of an economically viable, long-term, large-scale operation.

A 2018 feasibility study into a Bibiani restart estimated that the project could produce some 100 000 oz/y over a ten-year mine life, at a total capital cost of around $115-million.

The project is currently estimated to host some 21.7-million tonnes, grading 3.6 g/t gold for 2.5-million ounces of contained gold.

Edited by Creamer Media Reporter

Comments

Latest Multimedia

Latest News

Anglo American chairperson Stuart Chambers
Anglo snubs BHP’s ‘highly unattractive’ proposal
Updated 4 hours ago By: Mariaan Webb

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 
John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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:0.126 0.166s - 92pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: