B2Gold to cut 300 jobs in Namibia this year
me-metals: Canadian gold mining company B2Gold plans to cut 300 jobs in Namibia this year as it goes ahead with the phased downscaling of operations at its Otjikoto mine after depletion of open pit reserves.
According to me-metals cited from mining.com, The Otjikoto mine, which began commercial production in March 2015, produced a record 198,142 ounces of gold last year, accounting for nearly a quarter of B2Gold’s total output.
“For 2025 we will go down from a permanent head count of 700 to 400 employees. That means 300 employees will be impacted during 2025,” B2Gold Namibia’s country manager, John Roos, told reporters on Monday during a company presentation.
The Otjikoto mine also posted a record profit, buoyed by record high gold prices.
Open pit mining at the mine is expected to cease this year following the depletion of gold ore, but the company will continue processing stockpiles at least until 2032.
The mine’s current underground operations are expected to run until 2027, with an extension possible if ongoing exploration successfully uncovers additional mineral deposits.
B2Gold’s phased reduction of operations in Namibia began in the first quarter of 2024, with 130 employees laid off during the year.
The Otjikoto mine is expected to produce between 165,000 and 185,000 ounces of gold this year.
B2Gold also has operating gold mines in Mali and the Philippines. It is also developing the Goose project in northern Canada as well as numerous development and exploration projects in various countries including Mali, Colombia and Finland.
source: mining.com
Related News
Eight Hours ago
Eight Hours ago
Eight Hours ago
Eight Hours ago
Top News
Three last month
Trump signs executive order to help revive dying coal sector
GROUNDBREAKING FOR DANIELI HYBRID MIDA MINIMILL PROJECT AT PACIFIC STEEL GROUP
GROUNDBREAKING FOR DANIELI HYBRID MIDA MINIMILL PROJECT AT PACIFIC STEEL GROUP
CHINA’S LARGEST BLAST FURNACE BACK IN OPERATION
Shagang 5800 m³ furnace restarted with Danieli Corus conversion to plate cooling, for longer furnace campaigns
Chile mining minister expects short-term copper demand to slow due to tariffs
Argentina aims to boost lithium production by 75% in 2025, sees no risk from trade war
Copper output from Codelco slips 6% in February
Trade war risks copper investments needed to meet future demand
Chinese rare earth shipments held up as trade war upends exports
Anglo remains in talks to sell coal assets to Peabody after fire
Impossible Metals seeks mining lease near American Samoa
B2Gold to cut 300 jobs in Namibia this year
Iran Alloy Steel Company intend to purchase 500 tons of Silicon Calcium Cored Wire (CaSi Wire)
Ghana orders foreigners to exit gold market by April 30
China offers banks extra gold import quotas as investors flock
New Jersey warehouse filled with copper shows Trump tariff risk
China to keep building coal plants through 2027, state planner says
Trade war risks copper investments needed to meet future demand
Lynas climbs as trade war roils global markets
UK MPs pass emergency bill to rescue troubled British Steel
B2Gold to cut 300 jobs in Namibia this year
Iran Alloy Steel Company intend to purchase 500 tons of Silicon Calcium Cored Wire (CaSi Wire)
Ghana orders foreigners to exit gold market by April 30
China offers banks extra gold import quotas as investors flock
New Jersey warehouse filled with copper shows Trump tariff risk
China to keep building coal plants through 2027, state planner says
Trade war risks copper investments needed to meet future demand
Lynas climbs as trade war roils global markets
UK MPs pass emergency bill to rescue troubled British Steel