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Mali annual gold production up 5% to 49.6 t

By: Reuters     18th January 2018 Industrial gold production in Mali rose to 49.6 t in 2017, up 5% from the previous year, a senior Mines Ministry official said on Wednesday. The figure beat the 46.9 t that Africa's third-largest producer managed in 2016 and was well ahead a forecast of 45 t that the government had given half way... 

BME’s West African footprint expands as it clinches Mali blasting service contract

By: Mia Breytenbach     15th December 2017 West Africa remains an exciting region for South Africa-based explosives and blasting leader BME, which has won a full blasting service contract for a new opencast gold mining operation that is set to become the largest producer in Mali. From 2006 to 2015, 18 mines were opened in the region,... 

Condor Gold focused on resource expansion as permitting delay weighs

By: Henry Lazenby     9th December 2017 Despite permit delays, it’s been a good year for Condor Gold as it continues work on proving up a large commercial reserve on its 100%-owned La India project, in Nicaragua. Chairperson and CEO Mark Child is currently on a three-week visit to Nicaragua to smooth over relations with the government... 

B2Gold achieves commercial production at Fekola, ups mine guidance

By: Henry Lazenby     5th December 2017 Canadian gold producer B2Gold has declared commercial production at its Fekola mine, in Mali, last Thursday, achieving the feat four months ahead of the original schedule, and one month ahead of the revised schedule. Vancouver-based B2Gold advised that Fekola remains ahead of schedule, with gold... 

Need for collaboration in CSR initiatives emphasised

By: Mia Breytenbach     17th November 2017 With the mining industry now recovering from the downturn in commodity prices, and a new balance emerging in the global demand and supply of minerals, now is the time to reflect, innovate and plan for a more resilient industry in the future, says Mineral Resources Deputy Minister Godfrey... 

Caterpillar selected to help install solar PV system for Otjikoto

     10th November 2017 Gold producer B2Gold has selected capital equipment giant Caterpillar (Cat) and global industrial company Barloworld to install a solar photovoltaic (PV) system at Otjikoto mine, Namibia, which will provide 7 MW of solar power to the mine. “For many years, B2Gold has relied on dependable,... 

B2Gold’s surprise Q3 profit props up stock despite 71% drop in headline earnings

By: Henry Lazenby     9th November 2017 Canadian multinational gold miner B2Gold has reported a stronger-than-expected third-quarter profit, despite its headline net profit – excluding special items – falling 71% year-over-year. The Vancouver-headquartered company reported an adjusted net income for the three months ended September of... 

Mining industry should review business models, CSR collaboration – DMR

By: Mia Breytenbach     7th November 2017 With the mining industry now recovering from the downturn in commodity prices, and a new balance emerging in the global demand and supply of minerals, now is the time to reflect, innovate and plan for a more resilient industry in the future, says Mineral Resources Deputy Minister Godfrey... 

B2Gold beats Q3 production forecast

By: Henry Lazenby     13th October 2017 The TSX-listed stock of gold producer B2Gold rallied more than 3% on Friday morning following the company reporting better-than-expected gold output for the three months ended September 30. The Toronto-headquartered company reported consolidated gold output of 135 628 oz, including 6 340 oz of... 

Fekola in business as it pours first gold 3 months ahead of schedule

By: Henry Lazenby     11th October 2017 Canadian intermediate miner B2Gold has poured the first gold at its new Fekola gold mine, in south-West Mali. The pour, on October 7, was about three months ahead of schedule, with B2Gold reporting that commissioning of the mill is ongoing and commercial production is expected by the end of this... 

Barloworld to install 7 MW solar power installation at Namibia mine

By: Anine Kilian     28th August 2017 Gold producer B2Gold has appointed Caterpillar and Cat dealer Barloworld to supply a 7 MW solar power plant at the Otjikoto mine, in Namibia. The full system, including Cat photovoltaic (PV) solar modules and the Cat microgrid master controller (MMC), will be used to reduce reliance on a heavy... 

La Libertad mine, Nicaragua

By: Sheila Barradas     10th March 2017 A gold mine located about 110 km east of Managua, the capital of Nicaragua. 

Masbate mine, Philippines

By: Sheila Barradas     3rd March 2017 A gold mine located in the Aroroy municipality on Masbate Island, in the Philippines.  

Three main challenges facing sector

By: Johane Turkstra     24th February 2017 There are three main challenges facing the Namibian mining sector: rail services, water shortages and the introduction of policies that could stunt investment. Chamber of Mines of Namibia CEO Veston Malango tells Mining Weekly that these challenges will be key topics of discussion at the... 

Otjikoto 2017 production guidance up on that of stellar year

     24th February 2017 Canadian midtier gold producer B2Gold expects its Otjikoto gold mine, in Namibia, to produce between 165 000 oz and 175 000 oz of gold this year, compared with 166 285 oz produced in 2016, a record year for the mine, when its production guidance range was 160 000 oz to 170 000 oz. In achieving... 

Indaba attendance expected to improve in line with investment climate

By: Nadine James     27th January 2017 The cyclical nature of mining continues to be reflected in the attendance figures of the yearly Investing in African Mining Indaba, which is expected to attract greater numbers in 2017, indicating an improvement in economic conditions and the mining investment environment, says event organiser... 

B2Gold launches $100m at-the-market offering

By: Henry Lazenby     13th August 2016 Canadian midtier gold producer B2Gold announced on Friday that it would distribute an at-the-market offering of $100-million worth of common shares from time to time through designated broker-dealers at prevailing market prices. The news resulted in the fast-growing Vancouver-based miner’s... 

B2Gold reports record production for H1

By: Natasha Odendaal     4th August 2016 Vancouver-headquartered gold producer B2Gold expects 2016 to be another year of record gold production as it concludes the half-year to June. Consolidated gold production from the TSX-listed company’s operations in 2016 is expected to be between 510 000 oz and 550 000 oz, weighted to the second... 

Insights into mining climate in Burkina Faso and Côte d’Ivoire

By: Ilan Solomons     29th April 2016 Conducting mining and exploration activities in Burkina Faso and Côte d'Ivoire are not without challenges, but both countries hold “great potential” for determined exploration and mining companies, mineral exploration company Predictive Discovery (PD) MD Paul Roberts tells Mining Weekly. PD has... 

B2Gold reports fatality at Namibian mine

By: Henry Lazenby     23rd January 2016 Vancouver-based gold producer B2Gold on Friday reported that death of an employee at the Otjikoto mine, in Namibia, which declared commercial production early last year. The machine operator was injured at the mine in December and passed away this morning from injuries sustained from the accident... 

B2Gold inks earn-in accord for Namibian asset with Forsys Metals

By: Henry Lazenby     15th January 2016 Gold miner B2Gold has struck an earn-in accord with uranium-focused project developer Forsys Metals to earn a 100% interest in the Ondundu gold project, in Namibia. B2Gold, which has a portfolio of projects in Africa, South America and the Philippines, started production at the Otjikoto gold mine... 

Two B2Gold employees rescued in Mali terrorist siege

By: Henry Lazenby     21st November 2015 Canadian gold producer B2Gold on Friday advised that two of its employees were safely extracted by antiterrorist soldiers, after a terrorist group took hostages at the Radisson Blu Hotel, in Bamako, Mali. The triple-listed miner confirmed that two employees were staying at the hotel at the time... 

Illegal blockade halts work at B2Gold’s El Limon mine

By: Henry Lazenby     5th October 2015 Access to triple-listed gold miner B2Gold's El Limon mine, in Nicaragua, has been blocked by an illegal barricade since last Monday. The Canadian miner explained that access to the El Limon operation and process facility had been blocked by a small group of workers, community members, and other... 

Namibian mining’s pulling together boosting country’s economy – Nedbank  

By: Martin Creamer     27th May 2015 Despite the Namibian economy being tied to the South African economy, it has been able to grow ahead of South Africa, which a leading mining investment banker puts down to Namibia’s “sensible” mineral policies, as well as the Namibian mining industry’s close working relationship with its... 

B2Gold secures $350m revolver

By: Henry Lazenby     20th May 2015 Triple-listed gold producer B2Gold has secured a new $350-million revolving credit facility (RCF) with a syndicate of international banks to repay its existing $200-million RCF, of which $125-million had been drawn as at March 31, and for general corporate purposes. B2Gold, with operations and... 

Namibian mine lifts B2Gold’s Q1 output 20%

By: Natalie Greve     15th May 2015 Canada-based gold producer B2Gold has posted record gold production of 115 859 oz in the first quarter, exceeding its target for the first three months ended March 31 by 754 oz and delivering 20% more gold than in the first quarter of 2014. The company said on Friday that the increased production... 

Uranium becoming a spearhead of Namibian mining

By: Dylan Stewart     15th May 2015 Uranium has played a leading role in driving the Namibian mining industry, says audit, tax and advisory service provider KPMG Namibia senior partner Robert Grant. 

Gold mine achieves first commercial production

     15th May 2015 Vancouver-based gold producer G2Gold’s Otjikoto gold mine, 300 km north of Windhoek, had its first month of commercial production in March this year. 

Miners report first-quarter output ahead of financials

By: Henry Lazenby     18th April 2015 Several miners reported production results this week ahead of publishing financial results for the three months ended March 31. NYSE- and TSX-listed McEwen Mining reported 23% increased gold output to 24 696 oz and a decline in silver production of 10% to 655 339 oz in the period when compared... 

Consultancy looking for new customers at Mining Indaba 2015

By: David Oliveira     23rd January 2015 The Investing in African Mining Indaba is an excellent way to elevate the corporate profile of companies operating in the African mining arena, says Australian engineering and project management consultancy Lycopodium Minerals strategic development director Dr Greg O’Neil. Lycopodium will attend... 

B2Gold upbeat about 2015 prospects 

By: Ilan Solomons     22nd January 2015 Gold miner and exploration company B2Gold is projecting another “record year” of gold production, with output at its mines expected to rise to between 500 000 oz and 540 000 oz in 2015. This would equate to a 35% increase on the 384 003 oz produced in 2014. 

B2Gold’s Philippine operation running normally after Typhoon Hagupit

By: Henry Lazenby     10th December 2014 The TSX-listed shares of Canadian miner B2Gold on Tuesday gained 4.52% amid robust trading activity after the company reported that operations were running normally at the Masbate mine, in the Philippines, following Typhoon Hagupit. The typhoon first made landfall Saturday at the island of Samar,... 

B2Gold swings to headline loss on fewer ounces sold and lower prices

By: Henry Lazenby     14th November 2014 Canadian gold miner B2Gold has swung to an adjusted net loss for the September quarter as lower gold sales at lower prices hurt the bottom line. The Vancouver-based miner said in a statment that gold output for the period was 90 192 oz, about 14% below budget and 9% less than in the same quarter... 

Company’s gold extraction capabilities showcased

     5th September 2014 Global manufacturer and equipment supplier FLSmidth’s capabilities in the gold extraction arena will be showcased with the supply of equipment to Vancouver-based gold producer B2Gold’s Otjikoto gold project in Namibia. FLSmidth is the only company in Africa capable of providing a complete... 

Merger won't slow Fekola - Papillon

By: Esmarie Swanepoel     4th September 2014 ASX-listed gold developer Papillon Resources on Thursday said that its merger with Canada’s B2Gold would not affect the construction schedule of its flagship Fekola project, in Mali. In June this year, Papillon and B2Gold struck a A$670-million merger agreement, which would result in existing... 

B2Gold swings to Q2 net loss, expects output to rise

By: Henry Lazenby     15th August 2014 Canadian gold miner B2Gold has swung to a net loss during the three months ended June 30, despite a 4% rise in output. The TSX-, NYSE MKT- and Namibia-listed miner reported a quarterly net loss of $11.5-million, or $0.02 a share, compared with net income of $33.1-million, or $0.05 a share, in the... 

B2Gold strikes $570m accord to buy Papillon Resources

By: Henry Lazenby     3rd June 2014 Canadian miner B2Gold on Tuesday announced that it had struck an agreement with ASX-listed Papillon Resources which would see the companies merge in an all-scrip deal valued at about $570-million. The deal would give B2Gold access to Papillon’s (meaning butterfly in French) Fekola gold deposit in... 

Otjikoto Order Will Showcase Flsmidth’s Gold Extraction Capabilities

     29th May 2014 FLSmidth’s capabilities in the gold extraction arena will be showcased with the supply of equipment to Vancouver-based gold producer B2Gold’s Otjikoto gold project. FLSmidth is the only company in Africa capable of providing a complete end-to-end gold extraction solution drawn from in-house... 

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