· Chifeng acquired the Bibiani Gold Mine in Ghana from Resolute Mining Limited (Resolute) for USD105 million. Chijin International (HK) Limited, a wholly owned subsidiary of Chifeng, has entered into a binding agreement with Western Australia based Resolute to acquire Resolute''s interest in the Bibiani Gold Mine through the purchase of shares ...
· GHANA – Resolute Mining Ltd has announced that it has agreed to sell its Bibiani gold mine in Ghana to Asante Gold Corp. for US$90 million in cash.. The company will receive an initial US$30 million payment, followed by another US$30 million on …
The Government of Ghana is entitled to a 10% free carried interest in Mensin Gold Bibiani Limited. Since assuming ownership in 2014 Resolute has embarked on two surface and underground resource drilling programs to re-assess the underground mine potential and in June 2018 released an update to its June 2016 feasibility study.
Resolute currently owns two producing gold mines: the Syama Gold Mine in Mali (Syama) and the Mako Gold Mine in Senegal (Mako). Our Global Mineral Resource base comprises 11 million ounces of gold. Syama is a robust, long-life asset which is expected to produce 235-255,000oz of gold in 2021 from existing processing and mining infrastructure.
· "It is Asante''s intention, as far as is reasonably practicable, to continue building on the excellent base which Resolute has established." The agreement has received Ministerial Consent, having been approved by the Ghanaian Minister of Lands and Natural Resources, with completion expected by mid-August. Video: Resolute Mining Limited
· Resolute Mining Limited is a foreign-owned public company, deriving revenue from gold mining, and the prospecting and exploration of minerals. The company directly employs approximately 850 people and over 2,100 contractors, operates in Australia, Mali, Senegal, Ghana, Cote d''Ivoire and Egypt, and is administered by its head office in Perth.
· Asante Gold Corporation (CNSX:ASE) agreed to acquire Bibiani Gold Mine in Ghana from Resolute Mining Limited (ASX:RSG) for $90 million on August 5, 2021. The consideration will be paid in tranches. $30 million will be paid as initial payment, another $30 million to be paid on or before 6 months from completion and rest $30 million to be paid on ...
· (Reuters) - Australian gold miner Resolute Mining Ltd said on Thursday it would sell its Bibiani mine in Ghana to Canada''s Asante Gold Corp for $90 million. The sale comes months after China''s Chifeng Jilong Gold Mining cancelled a deal to buy the mine, saying it had not received timely information about the termination of a mining lease.
Resolute Mining Limited would like to acknowledge PW Mining International Ltd has completed its mining contract by 31 December 2012. Resolute Mining Limited wants to express its gratitude for the work PW Mining International Ltd has done at Syama since the inception of the contract in August 2007.
· (Reuters) – Australian gold miner Resolute Mining Ltd said on Thursday it would sell its Bibiani mine in Ghana to Canada''s Asante Gold Corp for $90 million. The sale comes months after China''s Chifeng Jilong Gold Mining cancelled a deal to buy the mine, saying it had not received timely information about the termination of a mining lease.
· AUSTRALIAN gold mining company Resolute Mining announced they would be selling its entire Bibiani Mine in Ghana to Canada''s Asante Gold Corp for $90 million. The agreement was announced on August 5 that Asante Gold would purchase 100 percent of the shares in Mensin Bibiani Pty Ltd as they expressed interest in owning the full …
Reporting to the General Manager – Finance & Administration and with accountability to the Resolute Mining Limited Executive Committee ("Executive Committee") comprising Resolute Mining Limited''s Chief Executive Officer, General Manager – Operations, General Manager – Business Development and the General Manager – Finance & Administration, the main emphasis of the position is to ...
Resolute Mining (LSE / ASX: RSG) Resolute Mining Limited advises that it has today received a letter dated 23 March 2021 from the Ghanaian Minerals Commission advising that, on the instructions of the Ghanaian Honourable Minister of Lands and Natural Resources, the Mining Lease for the Bibiani Gold Mine stands terminated.
· LONDON, UK: Resolute Mining Limited has agreed to sell its interest in the Bibiani Gold Mine to Asante Gold Corporation for total cash consideration of US$90 million.. Resolute and Asante are committed to ensuring an orderly transition of ownership at Bibiani.
· Resolute Mining Limited shares are listed on the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE) under the ticker "RSG" Capital Structure Resolute capital structure as at 31 December 2020 Ordinary Shares: 1,103,892,706 Performance Rights: 5,173,889. Share Price. Below is Resolute''s current share price.
Resolute is a proud partner of Ghana, the largest gold producer in Africa and among the top 7 producers in the world. Following recent meetings in Accra with the Hon. A Jinapor, MP, Ghana''s Minister for Lands and Natural Resources, which resulted in the restoration of the Mining Lease for the Bibiani Gold Mine, Resolute''s Interim CEO, Mr Stuart Gale, commented: "We are very ...
· Resolute Mining is up 14.26 per cent to $0.54 per share. Shares in Resolute Mining (RSG) have enjoyed a boost today after the company''s Bibiani mining lease in southwest Ghana was reinstated. The gold miner, which is also listed on the London Stock Exchange, was thrust into damage control last month after receiving a letter from the Ghanaian ...
· Australian gold miner Resolute Mining Ltd said on Thursday it would sell its Bibiani mine in Ghana to Canada''s Asante Gold Corp for $90 million. The sale comes months after China''s Chifeng Jilong Gold Mining cancelled a deal to buy the mine, saying it had not received timely information about the termination of a mining lease.
The most advanced automated underground gold mine in Africa. Read more. Bibiani Gold Mine. Bibiani is a potential long life, high margin operation and represents a growth opportunity for Resolute. Read more. Community. Focused on four focus areas being community health and wellbeing, water and sanitation, income generation, and education.
· Jilong Gold Mining Takes Over Mensin Gold Bibiani. January 29, 2021. Business. The Mensin Gold Bibiani Mines has Introduced Chifeng as New Owner to the Sefwi Anhwiaso Traditional Council, subject to the approval of the Government of Ghana. Following the announcement by Resolute Mining Limited at both the Australian and London Stock Exchanges on ...
· March 25, 2021. Janet. Resolute Mining (LSE: RSG.L) said it is seeking legal advice after its mining lease for the Bibiani gold mine in Ghana was terminated. The miner has been ordered to cease all activities and operations at the mine site. Resolute said the action on behalf of the Minister of Lands and Natural Resources had been unexpected ...