Suriname approved expansion of Iamgold’s Rosebel mine

Canadian gold miner Iamgold Corp said the Suriname parliament on Saturday approved the agreement that the company signed last November with the South American country’s government to expand its Rosebel mine.

 
Imagold has been in talks with the Suriname government for more than a year and half.
 
“Access to new concessions creates ample opportunity to add to the life of the Rosebel Gold Mine and to find softer ore which can be processed at lower cost,” Iamgold CEO Steve Letwin said.
 
The agreement is for an expansion of the operation and anything in the new area qualifies for a lower power rate, Bob Tait, Iamgold’s vice-president for investor relations told Reuters.
 
Electricity costs in Suriname, where Iamgold Rosebel mine is the biggest single power consumer, have doubled over the past four years, while the company has faced harder rock.
 
Lower power costs are crucial as miners need more electricity for drilling and processing ore when the rock is harder and there is less gold per tonne of rock.
 
The mine is one of Iamgold’s biggest, producing 385,000 ounces of gold in 2011.
 
(Thomson Reuters)
 
Related article:

Hof maakt oriëntatiepunten bij straftoemeting bekend

Het Gemeenschappelijk Hof van Justitie van Aruba, Curaçao, Sint Maarten en van Bonaire, Sint Eustatius en Saba heeft besloten om zijn reeds bestaande, interne oriëntatiepunten voor straftoemeting in strafzaken te publiceren.

St. Maarten students to participate in International Moot Court Competition

PHILIPSBURG--The SXM Moot Court Foundation has selected a team of high school students who will represent St. Maarten in the 2020 High School International Moot Court Competition in Gdynia, Poland, from January 27 to 31, 2020.

Crown witness to be heard in St. Maarten in Larimar case

PHILIPSBURG--Crown witness R.M. must be heard in St. Maarten in the Larimar investigation, the Court decided on Thursday. The Court is to work with the Prosecutor’s Office and other justice stakeholders to ensure his safety during the trial.