2 days ago
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GlobalData
Wed, Apr 16, 2025, 7:20 AM 2 min read
In This Article:
Canadian golden mining institution B2Gold has announced plans to chopped astir 300 jobs successful Namibia arsenic it begins the phased downscaling of operations astatine its Otjikoto golden mine, pursuing the depletion of unfastened pit reserves, reported Reuters.
The Otjikoto mine, operational since March 2015, has been a important contributor to B2Gold's full output, producing a grounds 198,142oz of golden past year.
The excavation has besides reported a grounds profit, supported by precocious golden prices. Despite the cessation of open-pit mining expected this year, B2Gold volition proceed processing stockpiles until astatine slightest 2032.
The existent underground operations astatine the Otjikoto excavation are expected to proceed until 2027, with the imaginable for an hold if further exploration reveals further mineral deposits.
The process of reducing operations successful Namibia began successful the archetypal 4th of 2024, with 130 employees already laid off.
B2Gold Namibia state manager John Roos said: "For 2025 we volition spell down from a imperishable caput number of 700 to 400 employees. That means 300 employees volition beryllium impacted during 2025."
The Otjikoto mine's golden accumulation forecast for this twelvemonth is estimated to beryllium betwixt 165,000oz and 185,000oz.
In summation to its operations successful Namibia, B2Gold besides operates golden mines successful Mali and the Philippines.
The institution is processing the Goose task successful bluish Canada and is progressive successful galore improvement and exploration projects successful countries including Mali, Colombia and Finland.
In January 2025, B2Gold moved guardant with its plans to put $10m (C$14.39m) successful exploration astatine the Fekola golden analyzable successful Mali.
The determination comes aft a colony was reached with the Malian Government regarding its 2023 mining code, which has mitigated the hazard of disruption.
"B2Gold plans to chopped 300 jobs astatine Otjikoto excavation successful Namibia" was primitively created and published by Mining Technology, a GlobalData owned brand.
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