Connect with us

breaking news

World: launch of Nevada Gold Mines activities

Published

on

Barrick Gold Corporation and Goldcorp Newmont Corporation have successfully completed the Nevada Gold Mines LLC Settlement transaction. The official launch took place on July 1, 2019. Thus, the new company owned 61.5% and 38.5% by Newmont Goldcorp, is operated by Barrick.

According to Mark Bristow, President of Barrick’s new company and CEO, his creation was guided by a compelling logic that had long been obvious to all. However it had been hard to reach for two decades until they finally broke through this year.

« In recent months, we have selected and implemented the leadership of Nevada Gold Mines. The company now has a team that shares the same vision and is more than ready to get out of the starting block. We have also identified the very important synergy opportunities immediately available and those targeted for the future, « he said.

Nevada Gold Mines has assets in northeastern Nevada that include 10 underground and 12 open pit mines, two autoclave facilities, two roasting facilities, four oxide mills, a flotation plant and five leach facilities. heap. It will be by far the largest gold complex in the world, with three of the 10 largest tier 1 gold assets in the world.

launch of Nevada Gold Mines activities

Nevada Gold Mines is also targeting production of between 1.8 and 1.9 million ounces at an estimated preliminary cost of $ 940 to $ 970 per ounce and AISC6 of $ 920 to $ 950 per ounce for the second half of the year. of 2019.

 

 

The synergies identified are expected to generate up to $ 500 million per year in the first five years from 2020, and then gradually decline over time. These will come primarily from integrated mine planning, optimized mining and processing, cost reductions and the combination of the Turquoise Ridge and Twin Creeks ridges, which will operate as a single mine.

The second half of the year forecasts include the synergies that the company should be able to achieve over the next six months, which is about half of the cash improvements expected each year. With the closing of the joint venture now complete, the Company will seek to incorporate new synergies for the benefit of 2020 and beyond.

Future benefits include a longer and more profitable life, long-term employment opportunities, long-term benefit sharing with local communities, and long-term benefits for the Nevada economy.

Nadine FULA

Continue Reading
Advertisement
2 Comments

2 Comments

  1. Kiersten

    juillet 26, 2019 at 8:25

    Everyone loves it when individuals come together and share thoughts.

    Great blog, continue the good work! I have been browsing online greater
    than 3 hours today, yet I never found any attention-grabbing article like yours.
    It is lovely worth enough for me. Personally, if all webmasters and bloggers made
    excellent content material as you probably did, the web will be
    much more useful than ever before. I’ve been surfing online more than 3
    hours today, yet I never found any interesting article like yours.
    It’s pretty worth enough for me. Personally, if all site owners and bloggers made good content as you did, the net will be a lot more useful than ever before.
    http://goodreads.com

  2. Www.Fourkrestaurant.com

    août 5, 2019 at 6:08

    I am sure this article has touched all the internet people, its really really nice piece of
    writing on building up new website.

Leave a Reply

Votre adresse de messagerie ne sera pas publiée. Les champs obligatoires sont indiqués avec *

Africa

DRC: USD 100 million for the construction of the major cultural centre for Central Africa

Published

on

DRC: USD 100 million for the construction of the major cultural centre for Central Africa

Prime Minister Ilunkamba has just authorized, on Monday, October 14, 2019, the Minister of Urban Planning and Housing Then Mwabilu and the Minister of State for International Cooperation Guillaume Manjolo to sign two orders.

This, after his visit to the site where the great Cultural and Artistic Centre of Central Africa will be built as well as the INA Buildings, the National Institute of Arts, where he ordered the resumption of work.

DRC: USD 100 million for the construction of the major cultural centre for Central Africa

The first decree concerns the postponement of the decree of 14 October 2016 and the second concerns the decommissioning of a portion of land in favour of Sino-Congolese cooperation.

The Chinese company BEIJING URBAN CONSTRUCTION GROUP is in charge of building this large Centre for 30 months. The cost of the work is estimated at US$100 million.

After this visit to the field, the head of the Ilunga Ilunkamba Government himself presided over the signing ceremony of these two ministerial decrees for the implementation of the Chinese government’s donation to the DRC.

 

There was talk of ending the superposition of orders first by repealing the one that granted the same concession to Richesse Taylor.

DRC: USD 100 million for the construction of the major cultural centre for Central Africa

It should be noted that the cultural and artistic centre, one of the largest in Central Africa, will constitute, according to the Minister of State for Cooperation Guillaume Mandjolo, an innovative source for the public treasury and restore the DRC’s position as a leader in the world of African culture.

This large Centre will be located between the triumphal boulevard and Assossa avenues, a few metres from the People’s Palace.

The construction of this important cultural building includes the large 2,000-seat theatre, the small 800-seat theatre, meeting rooms, the gymnasium and a car park.

Nadine FULA

Continue Reading

breaking news

DRC: in 2020, Goma will host the « NiNyumbani » development fair

Published

on

DRC: in 2020, Goma will host the "NiNyumbani" development fair

The capital of North Kivu province will host in 2020, a development fair entitled: « NINYUMBANI », which means « at home » in Swahili. It is the initiative of a young native of Greater Kivu, Marc Lanoy Kasongo, entrepreneur and founder of OPLUS, a communication, marketing and advertising company.

« NiNyumbani » is an event that brings together different decision-makers from the DRC and the Great Lakes Region around reflections aimed at a clear and achievable future.

It is a platform whose mission is to create a common front against the many challenges related to unemployment, education, access to electricity and water, as well as agricultural and road infrastructure.

This exhibition, which is part of a community development process, is organized once a year around a central theme on which different themes focus on economic opportunities and emerging concerns in the region in order to propose practical solutions that can be applied at cost, in the medium and long term.

This activity is expected to welcome 500 exhibitors from different fields of activity; among others, economic operators, entrepreneurs, state institutions, banks, start-up managers, incubators, civil society and universities, opinion leaders, etc.

In addition to exhibitions, the programme also includes conferences.

DRC: in 2020, Goma will host the "NiNyumbani" development fair« This fair is also being set up to give a new image to our Dear City of Goma and the long-suffering province of North Kivu, whose image is being tarnished both inside and outside the country. We want to demonstrate here the potential of our province, and what we can bring to the development of our country, » explained Marc L. Kasongo, who is in Kinshasa for contacts around the organization of this major Rendez-vous.

To him he added, « we also want to give everyone, whatever their social rank, the opportunity to come and present their products and services, because we aim for development at the grassroots level. NINYUMBANI is our common home, » added the initiator of the activity.

For Marc Lanoy Kasongo, several results are expected from this exhibition.

The aim is to propose solutions to the fundamental development challenges in Greater Kivu and the DRC; to propose new business, industry and investment opportunities and strategies in Greater Kivu and the DRC; to create partnerships between stakeholders; to connect decision-makers in the sub-region; and to create a practical solution through work.

This exhibition, whose date remains to be determined, can only be possible thanks to the contribution of the Congolese, from which Marc Kasongo solicits the involvement of the authorities and mainly the Head of State, who has made the promotion of youth his main concern.

Harris KASONGO

Continue Reading

breaking news

Global: Global value chains have stimulated growth but the momentum is running out of steam!

Published

on

Global: Global value chains have stimulated growth but the momentum is running out of steam!

The World Bank Group published a new report on October 8, 2019 in Washington, D.C., USA. This World Development Report 2020 focuses on trade for development in an era of globalized value chains. It details strategies that will enable developing countries to improve their performance for the benefit of their populations by undertaking reforms that will stimulate their participation in global value chains.

The paper highlights that global value chains or GVCs can continue to stimulate growth, create better jobs and reduce poverty, provided that developing countries undertake deeper reforms and that industrialized countries implement open and predictable policies.

It clearly shows that in an era of globalization, companies can no longer do everything, they specialize and no longer have to produce the entirety of a good on their own.

This book assesses the contribution of VCMs to growth, employment and poverty reduction, but also to inequality and environmental degradation. It also explains how national policies can boost trade growth and ensure that VCMs participate in, rather than oppose, sustainable development. It identifies the shortcomings of the international trading system that have led to dissension between countries, and proposes a roadmap for addressing them through enhanced international cooperation.

This report reveals that it is no longer so obvious today that trade remains an engine of prosperity, this World Bank report points out. Since the 2008 global financial crisis, trade growth has been sluggish and VCM expansion has slowed. The last decade has not seen transformative events comparable to those of the 1990s. Here we are referring to the integration of China and Eastern Europe into the global economy. Two factors are at the root of this slowdown. First, the introduction of labour-saving technologies such as automation and 3D printing could bring production closer to the consumer and reduce the demand for labour both within and outside countries. Secondly, trade conflicts between large countries could lead to a contraction or segmentation of VCMs.

According to this report, global value chains have a positive impact on development.
First, they increase productivity and growth: a 1% increase in participation in global value chains is estimated to increase per capita income by more than 1%, almost twice as much as the gains induced by traditional trade. In Ethiopia, companies engaged in these globalized sectors are twice as productive as their counterparts operating in traditional trade.

Second, they reduce poverty: since the impact of the rise of global value chains on economic growth is greater than that of trade in finished products, their impact on poverty reduction is also greater. Countries such as Mexico and Viet Nam, which are more actively involved in global value chains, have achieved better results in the fight against poverty.

Third, they improve the quality of jobs: firms operating in global value chains attract labour to more productive activities in manufacturing and services, and generally employ more women, thus contributing to the structural transformation of developing countries.
In addition to these positive effects, however, it is noted that VCMs can also have negative effects on the environment. The main environmental costs for VCMs are related to the growth in trade in intermediate goods, and the increase in distances travelled, compared to traditional trade. Their effects include increased carbon dioxide (CO2) emissions associated with transportation (compared to traditional trade) and excess waste.

Nadine Fula

Continue Reading

africa