Rosebel gold mine

Gross Rosebel Airstrip Suriname Brokopondo Reservoir
Rosebel gold mine
Rosebel mining 4 big.jpg
Rosebel gold mine
Location
Rosebelia gold mine is located in Suriname
Rosebelia gold mine
Rosebelia gold mine
Location in Suriname
districtBrokopondo district
CountrySuriname
Coordinates5°4′37″N 55°9′21″W / 5.07694°N 55.15583°W / 5.07694; -55.15583Coordinates: 5°4′37″N 55°9′21″W / 5.07694°N 55.15583°W / 5.07694; -55.15583
Production
Production312,000
Financial year2012
History
Opened2004
Closed2028 (estimated)
Owner
CompanyIAMGOLD (95%) and the Government of Suriname (5%)

The Rosebel gold mine is jointly owned by Iamgold (95%) and the government of Suriname (5%).[1].

The mine is located in the mineral-rich Brokopondo District in northeastern Suriname, South America. The Rosebel property lies approximately 85 kilometers south of the capital city of Paramaribo. The mining concession covers 170 square kilometers.

History

Gold was first discovered in the Rosebel area in 1879 when small-scale miners were reported to have been working on the concession. Since its discovery, the land has been both publicly and privately owned and operated. Notable private owners have included Placer Development of Vancouver from 1974 to 1977, the Grasshopper Aluminum Company from 1979 to 1985 and Golden Star Resources Ltd. from 1992. In October 2001, Cambior acquired Golden Star's interest in the Rosebel property.

Commercial production commenced in February 2004. Iamgold acquired Rosebel as part of its acquisition of Cambior in late 2006. In 2008 total employment at the mine was 1199 people. The property is accessible via paved and all-weather gravel roads from Paramaribo, a drive of about 110 kilometers. There is a small airstrip located onsite approximately 2 kilometers from the mill operations. The Rosebel concession owns this Gross Rosebel Airstrip, which is 1 kilometer long and security personnel is responsible for airstrip maintenance and lighting. Rosebel's power is sourced from the nearby Afobaka Dam and from a diesel generation plant.

In June 2013, IAMGOLD and the government of Suriname signed the agreement extending the lease until 2042.

On May 28, 2014, IAMGOLD began installation of what will be the largest solar panel project in Suriname. The project will cost $14 million and, will increase the power available to the mine.

The result of protesting gold miners[2]

In July 2017, Iamgold disclosed that they had increased their reserves by 80% and that the ounces they were adding would extend the life of the mine to 2028[3].

In July 2019 there were disturbances at the mine that made the news. One man was killed after the police tried to move on locals who were prospecting on their own account.[4] The local parliamentarian Diana Pokie had to intervene.[2] She called up on the mine owners to find a solution and that they should pay compensation to the dead mans family.[4]

Production

Pouring gold at the Rosebel Gold Mine

Recent production figures of the mine were:

Year Production (ounces) Estimates
2011 406,000
2012 402,000
2013 354,000 365k to 385k
2014 342,000
2015 302,000 290k to 300k
2016 312,000
2017 TBD 295k to 305k

References

  1. ^ "IAMGOLD Corporation - Operations - Operating Mines - Rosebel Gold Mine, Suriname".
  2. ^ a b "29 07 2019 Bewakers Rosebel Goldmines en Porknokkers krijgen het aan de stok". ATV-Networks Suriname. 29 July 2019. Retrieved 18 July 2020.
  3. ^ "News Release Dated July 26, 2017s".
  4. ^ a b "ABOP-fractie eist schadevergoeding voor nabestaanden Furgill Aloeboetoe". Suriname Herald (in Dutch). 2019-07-31. Retrieved 2020-07-13.