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Dec 15 2020 A roundup of all the mining news in the precious metals sector with a variety of company news mining sector analysis newsletter writer insights and executive interviews In a deal valued at US105 million the firm has sold its interest in the Bibiani Gold Mine through the sale of shares in Mensin Bibiani Pty Ltd to Chijin
Resolute mining limited has announced that it has entered into a binding agreement to sell the bibiani gold mine in
Rns number 6864 i resolute mining limited 15 december 2020 15 december 2020 resolute mining limited has entered into a binding agreement to sell the
Dec 13 2019 read more about gold mining in west africa resolute acquired bibiani in 2014 through a scheme of arrangement supported by the ghanaian government the company placed the mine on care and maintenance following the acquisition to complete exploration activities designed to enable the development of an economically viable long term larger scale
Dec 16 2019 g old producer resolute mining has begun a strategic review to explore various options for the bibiani underground gold mine located in the western region of ghana the strategic review is designed to assess the companys plans to recommission the mine which is currently on care and maintenance it will also assess capital requirements analyse funding alternatives and investigate
Resolute mining sells bibiani concession for us105 million ndc women demonstrate in kumasi over flawed election results fire consumes parts of kantamanto market you cant be president at all cost boadu tells mahama ballot box snatchers to be banned from voting for life says serebour quaicoe
When added to the potential now available at bibiani it will place noble in a strong position to achieve its goal of building australias next major gold mining house the company recognises
2 days ago australias resolute mining asx lon rsg has agreed to sell its bibiani gold mine in ghana to chinas chifeng jilong gold mining for 105 million cash the western australiabased miner has received a 5 million deposit upfront with the remainder expected upon completion of the transaction which is expected in march 2021 the company acquired bibiani in 2004
Dec 15 2020 companies resolute mining sells bibiani to chinese group chinas chifeng jilong gold will give resolute 5 million upfront and the remainder upon completion of the transaction expected in
Dec 15 2020 resolute has announced a binding agreement to sell its bibiani gold mine in ghana to chinas chifeng jilong gold mining co according to the
Sale of bibiani gold mine 15 dec 20 sale of bibiani gold mine resolute mining limited rsg 425 024 06 mkt cap 469
2 days ago perth miningweeklycom gold miner resolute mining has struck a 105million sales agreement with chinas chifeng jilong gold mining co for its bibiani gold mine in ghana 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
Dec 15 2020 resolute mining acquired bibiani in 2004 but placed it on care and maintenance shortly after to allow exploration activities to further develop the asset into a largescale operation the company changed tune in january 2020 launching a review of the mine to determine whether to keep it or sell it to a company in better place to keep
Gold miner resolute mining is continuing its strategic review of the bibiani gold mine in ghana acting ceo stuart gale told delegates at africa downunder conference in perth that the company
Dec 14 2020 mensin gold bibiani limited mgbl a subsidiary of resolute mining is the owner of the project resolute mining owns 90 of mgbl while the ghana government owns the remaining 10 resolute gained control over the bibiani project through a deed of company arrangement doca with noble mineral resources
23 hours ago resolute mining is shifting into consolidation mode in west africa having offloaded its bibiani gold project in ghana earlier this week according to interim ceo stuart gale and company and market analysis by australias top mining columnists try miningnewsnet for 30 days for only 1 start your trial best value
2 days ago resolute mining acquired the bibiani gold project in 2004 and overhauled it soon after in january 2020 resolute launched an asset assessment to decide whether to continue to operate bibiani or sell it to other companies chifeng gold plans to push ahead with the redevelopment of bibiani as soon as possible the company said on tuesday
Jun 23 2016 delivery of the study to the ghanaian minerals commission was a key commitment made by resolute mining as part of the governments approval of the companys acquisition of bibiani in 2014 resolute mining listed on the asx and a major gold producer on the stock exchange is seeking to reestablish a successful underground mine at bibiani
May 18 2020 the mensin gold bibiani limited a subsidiary of resolute group has partially shut down its operations at the companys site in bibiani to stem the spread of the covid19 pandemic the shutdown came as a result of an announcement made by the ghana health service that bibiani in the western north region had recorded its first covid19 case on
Central african gold has acquired the bibiani mine from anglogold in july 2006 ashanti acquired bibiani in 1996 when it acquired international gold resources corporation and ghana libyan arab mining company limited location of the bibiani project bibiani gold mine is located in western ghana 250km northwest of accra
Dec 15 2020 resolute mining announced that it has agreed to sell its interest in the bibiani gold mine bibiani through the sale of shares in mensin bibiani pty to chijin international hk a wholly owned subsidiary of chifeng for total cash consideration of us105m
Resolute acquired bibiani in 2014 through a scheme of arrangement supported by the ghanaian government the company placed the mine on care and maintenance following the acquisition to complete exploration activities designed to enable the development of an economically viable long term larger scale underground operation
The length of the main historic underground mining zone extends to 1800m while the total strike length of the bibiani mineralised trend is around 4000m the mineralisation remains open at depth mineralisation is related to emplacement of quartz veins which occur as either sheared stockwork veins with quartzferroan dolomite or as larger
The exploitation of bibiani commenced in 1902 with the mining of surface adits and oxidised ore at shallow levels the mine closed in 1913 after recovering approximately 70000 oz of gold in 1927 mining activities recommenced as an underground mine the mine was operated by the state gold mining corporation until it was closed in 1973
Dec 15 2020 the company acquired bibiani in 2004 but placed the mine on care and maintenance shortly after to allow exploration activities to develop the asset into a largescale operation
Dec 15 2020 15 december 2020 sale of bibiani gold mine for us105 million in cash highlights resolute mining limited resolute or the company has entered into a binding agreement to sell the bibiani gold mine in ghana to chifeng jilong gold mining co ltd chifeng
1 day ago resolute mining is shifting into consolidation mode in west africa having offloaded its bibiani gold project in ghana earlier this week the companys interim ceo told mining journal
